GECINA SA (GFC.PA) Stock Fundamental Analysis
EPA:GFC - Euronext Paris - Matif - FR0010040865 - REIT - Currency: EUR
Taking everything into account, GFC scores 3 out of 10 in our fundamental rating. GFC was compared to 41 industry peers in the Diversified REITs industry. GFC has a medium profitability rating, but doesn't score so well on its financial health evaluation. GFC is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year GFC was profitable.
In the past year GFC had a positive cash flow from operations.
GFC had positive earnings in 4 of the past 5 years.
GFC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
GFC's Return On Assets of 1.73% is in line compared to the rest of the industry. GFC outperforms 46.34% of its industry peers.
Looking at the Return On Equity, with a value of 2.95%, GFC is in line with its industry, outperforming 41.46% of the companies in the same industry.
With a Return On Invested Capital value of 2.39%, GFC is not doing good in the industry: 73.17% of the companies in the same industry are doing better.
The Average Return On Invested Capital over the past 3 years for GFC is in line with the industry average of 3.55%.
The last Return On Invested Capital (2.39%) for GFC is above the 3 year average (2.16%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.73% | ||
| ROE | 2.95% | ||
| ROIC | 2.39% |
ROA(3y)-2.53%
ROA(5y)-0.53%
ROE(3y)-4.2%
ROE(5y)-0.96%
ROIC(3y)2.16%
ROIC(5y)2.04%
1.3 Margins
GFC has a Profit Margin (44.60%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of GFC has declined.
With a decent Operating Margin value of 79.23%, GFC is doing good in the industry, outperforming 73.17% of the companies in the same industry.
In the last couple of years the Operating Margin of GFC has remained more or less at the same level.
The Gross Margin of GFC (91.97%) is better than 80.49% of its industry peers.
In the last couple of years the Gross Margin of GFC has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 79.23% | ||
| PM (TTM) | 44.6% | ||
| GM | 91.97% |
OM growth 3Y1.41%
OM growth 5Y0.49%
PM growth 3Y-31.45%
PM growth 5Y-27.48%
GM growth 3Y0.86%
GM growth 5Y0.26%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so GFC is destroying value.
The number of shares outstanding for GFC remains at a similar level compared to 1 year ago.
Compared to 5 years ago, GFC has more shares outstanding
Compared to 1 year ago, GFC has a worse debt to assets ratio.
2.2 Solvency
GFC has an Altman-Z score of 1.21. This is a bad value and indicates that GFC is not financially healthy and even has some risk of bankruptcy.
GFC's Altman-Z score of 1.21 is fine compared to the rest of the industry. GFC outperforms 75.61% of its industry peers.
GFC has a debt to FCF ratio of 46.20. This is a negative value and a sign of low solvency as GFC would need 46.20 years to pay back of all of its debts.
The Debt to FCF ratio of GFC (46.20) is worse than 73.17% of its industry peers.
GFC has a Debt/Equity ratio of 0.59. This is a neutral value indicating GFC is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.59, GFC is doing good in the industry, outperforming 70.73% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | 46.2 | ||
| Altman-Z | 1.21 |
ROIC/WACC0.53
WACC4.54%
2.3 Liquidity
A Current Ratio of 0.72 indicates that GFC may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.72, GFC is in the better half of the industry, outperforming 60.98% of the companies in the same industry.
GFC has a Quick Ratio of 0.72. This is a bad value and indicates that GFC is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.72, GFC is in the better half of the industry, outperforming 63.41% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.72 | ||
| Quick Ratio | 0.72 |
3. Growth
3.1 Past
GFC shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.82%.
GFC shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.53% yearly.
GFC shows a small growth in Revenue. In the last year, the Revenue has grown by 4.15%.
The Revenue has been growing slightly by 0.38% on average over the past years.
EPS 1Y (TTM)6.82%
EPS 3Y6.47%
EPS 5Y1.53%
EPS Q2Q%5.19%
Revenue 1Y (TTM)4.15%
Revenue growth 3Y4.23%
Revenue growth 5Y0.38%
Sales Q2Q%5.24%
3.2 Future
Based on estimates for the next years, GFC will show a small growth in Earnings Per Share. The EPS will grow by 2.83% on average per year.
The Revenue is expected to grow by 4.53% on average over the next years.
EPS Next Y4.89%
EPS Next 2Y3.52%
EPS Next 3Y2.83%
EPS Next 5YN/A
Revenue Next Year3.65%
Revenue Next 2Y2.44%
Revenue Next 3Y2.82%
Revenue Next 5Y4.53%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 14.72, GFC is valued correctly.
The rest of the industry has a similar Price/Earnings ratio as GFC.
GFC's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.52.
The Price/Forward Earnings ratio is 14.03, which indicates a correct valuation of GFC.
Based on the Price/Forward Earnings ratio, GFC is valued a bit more expensive than 65.85% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.25. GFC is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.72 | ||
| Fwd PE | 14.03 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, GFC is valued a bit more expensive than the industry average as 63.41% of the companies are valued more cheaply.
Based on the Price/Free Cash Flow ratio, GFC is valued a bit more expensive than the industry average as 75.61% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 49.95 | ||
| EV/EBITDA | 22.95 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates GFC does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)3.01
PEG (5Y)9.61
EPS Next 2Y3.52%
EPS Next 3Y2.83%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.79%, GFC is a good candidate for dividend investing.
GFC's Dividend Yield is comparable with the industry average which is at 5.48.
Compared to an average S&P500 Dividend Yield of 2.38, GFC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.79% |
5.2 History
The dividend of GFC decreases each year by -0.70%.
Dividend Growth(5Y)-0.7%
Div Incr Years1
Div Non Decr Years4
5.3 Sustainability
126.65% of the earnings are spent on dividend by GFC. This is not a sustainable payout ratio.
DP126.65%
EPS Next 2Y3.52%
EPS Next 3Y2.83%
EPA:GFC (6/6/2025, 7:00:00 PM)
94.5
+0.4 (+0.43%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners62.39%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap7.25B
Analysts78.18
Price Target112.33 (18.87%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.79% |
Yearly Dividend5.31
Dividend Growth(5Y)-0.7%
DP126.65%
Div Incr Years1
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-0.45%
PT rev (3m)-3.95%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-0.52%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)-0.51%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.72 | ||
| Fwd PE | 14.03 | ||
| P/S | 10.44 | ||
| P/FCF | 49.95 | ||
| P/OCF | 12.09 | ||
| P/B | 0.69 | ||
| P/tB | 0.7 | ||
| EV/EBITDA | 22.95 |
EPS(TTM)6.42
EY6.79%
EPS(NY)6.73
Fwd EY7.13%
FCF(TTM)1.89
FCFY2%
OCF(TTM)7.82
OCFY8.27%
SpS9.05
BVpS136.9
TBVpS134.59
PEG (NY)3.01
PEG (5Y)9.61
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.73% | ||
| ROE | 2.95% | ||
| ROCE | 3.42% | ||
| ROIC | 2.39% | ||
| ROICexc | 2.41% | ||
| ROICexgc | 2.44% | ||
| OM | 79.23% | ||
| PM (TTM) | 44.6% | ||
| GM | 91.97% | ||
| FCFM | 20.9% |
ROA(3y)-2.53%
ROA(5y)-0.53%
ROE(3y)-4.2%
ROE(5y)-0.96%
ROIC(3y)2.16%
ROIC(5y)2.04%
ROICexc(3y)2.18%
ROICexc(5y)2.06%
ROICexgc(3y)2.2%
ROICexgc(5y)2.08%
ROCE(3y)3.06%
ROCE(5y)2.88%
ROICexcg growth 3Y11.07%
ROICexcg growth 5Y4.35%
ROICexc growth 3Y11.05%
ROICexc growth 5Y4.34%
OM growth 3Y1.41%
OM growth 5Y0.49%
PM growth 3Y-31.45%
PM growth 5Y-27.48%
GM growth 3Y0.86%
GM growth 5Y0.26%
F-Score8
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | 46.2 | ||
| Debt/EBITDA | 11.03 | ||
| Cap/Depr | 3707.94% | ||
| Cap/Sales | 65.47% | ||
| Interest Coverage | 7.71 | ||
| Cash Conversion | 106.64% | ||
| Profit Quality | 46.87% | ||
| Current Ratio | 0.72 | ||
| Quick Ratio | 0.72 | ||
| Altman-Z | 1.21 |
F-Score8
WACC4.54%
ROIC/WACC0.53
Cap/Depr(3y)4148.07%
Cap/Depr(5y)3166.16%
Cap/Sales(3y)60.99%
Cap/Sales(5y)56.8%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)6.82%
EPS 3Y6.47%
EPS 5Y1.53%
EPS Q2Q%5.19%
EPS Next Y4.89%
EPS Next 2Y3.52%
EPS Next 3Y2.83%
EPS Next 5YN/A
Revenue 1Y (TTM)4.15%
Revenue growth 3Y4.23%
Revenue growth 5Y0.38%
Sales Q2Q%5.24%
Revenue Next Year3.65%
Revenue Next 2Y2.44%
Revenue Next 3Y2.82%
Revenue Next 5Y4.53%
EBIT growth 1Y5.05%
EBIT growth 3Y5.7%
EBIT growth 5Y0.87%
EBIT Next Year5.63%
EBIT Next 3Y4.43%
EBIT Next 5Y4.58%
FCF growth 1Y0.51%
FCF growth 3Y6.25%
FCF growth 5Y15.9%
OCF growth 1Y12.13%
OCF growth 3Y7.59%
OCF growth 5Y-0.67%