PATRIZIA SE (PAT.DE) Stock Fundamental Analysis
Europe - FRA:PAT - DE000PAT1AG3 - Common Stock
7.31 EUR
+0.11 (+1.53%)
Taking everything into account, PAT scores 4 out of 10 in our fundamental rating. PAT was compared to 75 industry peers in the Real Estate Management & Development industry. PAT has only an average score on both its financial health and profitability. PAT has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
PAT had negative earnings in the past year.
In the past year PAT had a positive cash flow from operations.
Of the past 5 years PAT 4 years were profitable.
PAT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 1.29%, PAT perfoms like the industry average, outperforming 53.33% of the companies in the same industry.
PAT has a Return On Equity of 2.06%. This is comparable to the rest of the industry: PAT outperforms 52.00% of its industry peers.
PAT has a Return On Invested Capital (1.02%) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.29% | ||
| ROE | 2.06% | ||
| ROIC | 1.02% |
ROA(3y)0.26%
ROA(5y)1.01%
ROE(3y)0.42%
ROE(5y)1.61%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of PAT (8.58%) is better than 62.67% of its industry peers.
PAT's Profit Margin has declined in the last couple of years.
The Operating Margin of PAT (9.01%) is comparable to the rest of the industry.
PAT's Gross Margin of 93.01% is amongst the best of the industry. PAT outperforms 89.33% of its industry peers.
PAT's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.01% | ||
| PM (TTM) | 8.58% | ||
| GM | 93.01% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-30.6%
PM growth 5Y-17.61%
GM growth 3Y-0.22%
GM growth 5Y3.27%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PAT is destroying value.
Compared to 1 year ago, PAT has more shares outstanding
The number of shares outstanding for PAT has been reduced compared to 5 years ago.
The debt/assets ratio for PAT has been reduced compared to a year ago.
2.2 Solvency
PAT has an Altman-Z score of 1.60. This is a bad value and indicates that PAT is not financially healthy and even has some risk of bankruptcy.
PAT has a Altman-Z score of 1.60. This is in the better half of the industry: PAT outperforms 77.33% of its industry peers.
The Debt to FCF ratio of PAT is 8.85, which is on the high side as it means it would take PAT, 8.85 years of fcf income to pay off all of its debts.
PAT has a better Debt to FCF ratio (8.85) than 74.67% of its industry peers.
PAT has a Debt/Equity ratio of 0.30. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.30, PAT is in the better half of the industry, outperforming 77.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 8.85 | ||
| Altman-Z | 1.6 |
ROIC/WACC0.17
WACC5.99%
2.3 Liquidity
PAT has a Current Ratio of 2.50. This indicates that PAT is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.50, PAT is in the better half of the industry, outperforming 78.67% of the companies in the same industry.
A Quick Ratio of 2.50 indicates that PAT has no problem at all paying its short term obligations.
PAT has a Quick ratio of 2.50. This is amongst the best in the industry. PAT outperforms 82.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.5 | ||
| Quick Ratio | 2.5 |
3. Growth
3.1 Past
PAT shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -200.00%.
Measured over the past years, PAT shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -24.16% on average per year.
PAT shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -11.11%.
Measured over the past years, PAT shows a decrease in Revenue. The Revenue has been decreasing by -8.51% on average per year.
EPS 1Y (TTM)-200%
EPS 3Y-35.21%
EPS 5Y-24.16%
EPS Q2Q%99.59%
Revenue 1Y (TTM)-11.11%
Revenue growth 3Y-7.02%
Revenue growth 5Y-8.51%
Sales Q2Q%-6.06%
3.2 Future
The Earnings Per Share is expected to grow by 100.98% on average over the next years. This is a very strong growth
Based on estimates for the next years, PAT will show a small growth in Revenue. The Revenue will grow by 1.37% on average per year.
EPS Next Y339.51%
EPS Next 2Y147.52%
EPS Next 3Y100.98%
EPS Next 5YN/A
Revenue Next Year-1%
Revenue Next 2Y2.39%
Revenue Next 3Y3.48%
Revenue Next 5Y1.37%
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
PAT reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
PAT is valuated quite expensively with a Price/Forward Earnings ratio of 35.43.
PAT's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of PAT to the average of the S&P500 Index (23.30), we can say PAT is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 35.43 |
4.2 Price Multiples
76.00% of the companies in the same industry are more expensive than PAT, based on the Enterprise Value to EBITDA ratio.
PAT's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.87 | ||
| EV/EBITDA | 16.32 |
4.3 Compensation for Growth
PAT's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as PAT's earnings are expected to grow with 100.98% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y147.52%
EPS Next 3Y100.98%
5. Dividend
5.1 Amount
PAT has a Yearly Dividend Yield of 4.90%, which is a nice return.
PAT's Dividend Yield is a higher than the industry average which is at 7.71.
Compared to an average S&P500 Dividend Yield of 2.44, PAT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.9% |
5.2 History
The dividend of PAT has a limited annual growth rate of 4.78%.
Dividend Growth(5Y)4.78%
Div Incr Years1
Div Non Decr Years3
5.3 Sustainability
PAT pays out 139.09% of its income as dividend. This is not a sustainable payout ratio.
PAT's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP139.09%
EPS Next 2Y147.52%
EPS Next 3Y100.98%
FRA:PAT (10/9/2025, 9:04:22 AM)
7.31
+0.11 (+1.53%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners16.71%
Inst Owner ChangeN/A
Ins Owners54.5%
Ins Owner ChangeN/A
Market Cap675.08M
Analysts81.67
Price Target9.63 (31.74%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.9% |
Yearly Dividend0.34
Dividend Growth(5Y)4.78%
DP139.09%
Div Incr Years1
Div Non Decr Years3
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%
PT rev (3m)1.75%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)5.06%
EPS NY rev (3m)-21.61%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.5%
Revenue NY rev (3m)-3.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 35.43 | ||
| P/S | 2.66 | ||
| P/FCF | 18.87 | ||
| P/OCF | 17.29 | ||
| P/B | 0.64 | ||
| P/tB | 0.94 | ||
| EV/EBITDA | 16.32 |
EPS(TTM)-0.05
EYN/A
EPS(NY)0.21
Fwd EY2.82%
FCF(TTM)0.39
FCFY5.3%
OCF(TTM)0.42
OCFY5.78%
SpS2.75
BVpS11.41
TBVpS7.76
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.29% | ||
| ROE | 2.06% | ||
| ROCE | 1.46% | ||
| ROIC | 1.02% | ||
| ROICexc | 1.11% | ||
| ROICexgc | 1.46% | ||
| OM | 9.01% | ||
| PM (TTM) | 8.58% | ||
| GM | 93.01% | ||
| FCFM | 14.11% |
ROA(3y)0.26%
ROA(5y)1.01%
ROE(3y)0.42%
ROE(5y)1.61%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-30.6%
PM growth 5Y-17.61%
GM growth 3Y-0.22%
GM growth 5Y3.27%
F-Score6
Asset Turnover0.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 8.85 | ||
| Debt/EBITDA | 6.02 | ||
| Cap/Depr | 11.33% | ||
| Cap/Sales | 1.29% | ||
| Interest Coverage | 1.53 | ||
| Cash Conversion | 75.57% | ||
| Profit Quality | 164.43% | ||
| Current Ratio | 2.5 | ||
| Quick Ratio | 2.5 | ||
| Altman-Z | 1.6 |
F-Score6
WACC5.99%
ROIC/WACC0.17
Cap/Depr(3y)31.81%
Cap/Depr(5y)31.91%
Cap/Sales(3y)3.94%
Cap/Sales(5y)4.08%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-200%
EPS 3Y-35.21%
EPS 5Y-24.16%
EPS Q2Q%99.59%
EPS Next Y339.51%
EPS Next 2Y147.52%
EPS Next 3Y100.98%
EPS Next 5YN/A
Revenue 1Y (TTM)-11.11%
Revenue growth 3Y-7.02%
Revenue growth 5Y-8.51%
Sales Q2Q%-6.06%
Revenue Next Year-1%
Revenue Next 2Y2.39%
Revenue Next 3Y3.48%
Revenue Next 5Y1.37%
EBIT growth 1Y363.71%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year305.96%
EBIT Next 3Y80.76%
EBIT Next 5YN/A
FCF growth 1Y-57.07%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-56.56%
OCF growth 3Y-21.47%
OCF growth 5Y-24.15%