PATRIMOINE ET COMMERCE-REGR (PAT.PA) Stock Fundamental Analysis
Europe - EPA:PAT - FR0011027135 - Common Stock
24.9 EUR
+0.1 (+0.4%)
PAT gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 40 industry peers in the Diversified REITs industry. While PAT belongs to the best of the industry regarding profitability, there are concerns on its financial health. PAT is valued quite cheap, while showing a decent growth score. This is a good combination! Finally PAT also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year PAT was profitable.
PAT had a positive operating cash flow in the past year.
In the past 5 years PAT has always been profitable.
Each year in the past 5 years PAT had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.94%, PAT is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
PAT's Return On Equity of 8.16% is fine compared to the rest of the industry. PAT outperforms 80.00% of its industry peers.
With a decent Return On Invested Capital value of 3.89%, PAT is doing good in the industry, outperforming 67.50% of the companies in the same industry.
PAT had an Average Return On Invested Capital over the past 3 years of 3.57%. This is in line with the industry average of 3.44%.
The 3 year average ROIC (3.57%) for PAT is below the current ROIC(3.89%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.94% | ||
| ROE | 8.16% | ||
| ROIC | 3.89% |
ROA(3y)4.22%
ROA(5y)3.64%
ROE(3y)8.75%
ROE(5y)7.76%
ROIC(3y)3.57%
ROIC(5y)3.5%
1.3 Margins
With a decent Profit Margin value of 64.55%, PAT is doing good in the industry, outperforming 72.50% of the companies in the same industry.
PAT's Profit Margin has improved in the last couple of years.
The Operating Margin of PAT (75.91%) is better than 62.50% of its industry peers.
PAT's Operating Margin has declined in the last couple of years.
PAT has a Gross Margin of 89.19%. This is in the better half of the industry: PAT outperforms 77.50% of its industry peers.
In the last couple of years the Gross Margin of PAT has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 75.91% | ||
| PM (TTM) | 64.55% | ||
| GM | 89.19% |
OM growth 3Y-2.02%
OM growth 5Y-2.83%
PM growth 3Y0.28%
PM growth 5Y5.42%
GM growth 3Y-1.1%
GM growth 5Y-0.61%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PAT is destroying value.
The number of shares outstanding for PAT has been increased compared to 1 year ago.
PAT has more shares outstanding than it did 5 years ago.
The debt/assets ratio for PAT has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.00, we must say that PAT is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.00, PAT is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
PAT has a debt to FCF ratio of 13.62. This is a negative value and a sign of low solvency as PAT would need 13.62 years to pay back of all of its debts.
PAT has a Debt to FCF ratio of 13.62. This is comparable to the rest of the industry: PAT outperforms 47.50% of its industry peers.
PAT has a Debt/Equity ratio of 0.77. This is a neutral value indicating PAT is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.77, PAT is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.77 | ||
| Debt/FCF | 13.62 | ||
| Altman-Z | 1 |
ROIC/WACC0.78
WACC4.99%
2.3 Liquidity
A Current Ratio of 0.48 indicates that PAT may have some problems paying its short term obligations.
PAT's Current ratio of 0.48 is in line compared to the rest of the industry. PAT outperforms 47.50% of its industry peers.
A Quick Ratio of 0.48 indicates that PAT may have some problems paying its short term obligations.
PAT's Quick ratio of 0.48 is in line compared to the rest of the industry. PAT outperforms 52.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.48 | ||
| Quick Ratio | 0.48 |
3. Growth
3.1 Past
PAT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 17.67%, which is quite good.
Measured over the past 5 years, PAT shows a small growth in Earnings Per Share. The EPS has been growing by 7.44% on average per year.
Looking at the last year, PAT shows a quite strong growth in Revenue. The Revenue has grown by 13.70% in the last year.
Measured over the past years, PAT shows a small growth in Revenue. The Revenue has been growing by 4.13% on average per year.
EPS 1Y (TTM)17.67%
EPS 3Y7.68%
EPS 5Y7.44%
EPS Q2Q%-22.92%
Revenue 1Y (TTM)13.7%
Revenue growth 3Y8.83%
Revenue growth 5Y4.13%
Sales Q2Q%9.61%
3.2 Future
PAT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 25.59% yearly.
The Revenue is expected to grow by 7.59% on average over the next years.
EPS Next Y25.24%
EPS Next 2Y20.12%
EPS Next 3Y25.59%
EPS Next 5YN/A
Revenue Next Year11.32%
Revenue Next 2Y9.03%
Revenue Next 3Y7.59%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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 is valuated reasonably with a Price/Earnings ratio of 10.29.
Based on the Price/Earnings ratio, PAT is valued a bit cheaper than 75.00% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.06, PAT is valued rather cheaply.
PAT is valuated reasonably with a Price/Forward Earnings ratio of 8.14.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PAT indicates a rather cheap valuation: PAT is cheaper than 87.50% of the companies listed in the same industry.
PAT's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.64.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.29 | ||
| Fwd PE | 8.14 |
4.2 Price Multiples
PAT's Enterprise Value to EBITDA ratio is in line with the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as PAT.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.88 | ||
| EV/EBITDA | 17.29 |
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.
The decent profitability rating of PAT may justify a higher PE ratio.
PAT's earnings are expected to grow with 25.59% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.41
PEG (5Y)1.38
EPS Next 2Y20.12%
EPS Next 3Y25.59%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.44%, PAT is a good candidate for dividend investing.
PAT's Dividend Yield is comparable with the industry average which is at 5.58.
Compared to an average S&P500 Dividend Yield of 2.38, PAT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.44% |
5.2 History
The dividend of PAT has a limited annual growth rate of 1.91%.
Dividend Growth(5Y)1.91%
Div Incr Years3
Div Non Decr Years4
5.3 Sustainability
PAT pays out 54.18% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of PAT is growing, but earnings are growing more, so the dividend growth is sustainable.
DP54.18%
EPS Next 2Y20.12%
EPS Next 3Y25.59%
EPA:PAT (9/25/2025, 7:00:00 PM)
24.9
+0.1 (+0.4%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners34.51%
Inst Owner ChangeN/A
Ins Owners6.31%
Ins Owner ChangeN/A
Market Cap397.65M
Analysts84
Price Target25.5 (2.41%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.44% |
Yearly Dividend1.34
Dividend Growth(5Y)1.91%
DP54.18%
Div Incr Years3
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%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.29 | ||
| Fwd PE | 8.14 | ||
| P/S | 6.72 | ||
| P/FCF | 12.88 | ||
| P/OCF | 9.09 | ||
| P/B | 0.85 | ||
| P/tB | 0.85 | ||
| EV/EBITDA | 17.29 |
EPS(TTM)2.42
EY9.72%
EPS(NY)3.06
Fwd EY12.29%
FCF(TTM)1.93
FCFY7.76%
OCF(TTM)2.74
OCFY11.01%
SpS3.7
BVpS29.32
TBVpS29.32
PEG (NY)0.41
PEG (5Y)1.38
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.94% | ||
| ROE | 8.16% | ||
| ROCE | 5.36% | ||
| ROIC | 3.89% | ||
| ROICexc | 4.02% | ||
| ROICexgc | 4.02% | ||
| OM | 75.91% | ||
| PM (TTM) | 64.55% | ||
| GM | 89.19% | ||
| FCFM | 52.19% |
ROA(3y)4.22%
ROA(5y)3.64%
ROE(3y)8.75%
ROE(5y)7.76%
ROIC(3y)3.57%
ROIC(5y)3.5%
ROICexc(3y)3.8%
ROICexc(5y)3.87%
ROICexgc(3y)3.8%
ROICexgc(5y)3.87%
ROCE(3y)4.91%
ROCE(5y)4.8%
ROICexcg growth 3Y0.81%
ROICexcg growth 5Y-1.2%
ROICexc growth 3Y0.81%
ROICexc growth 5Y-1.2%
OM growth 3Y-2.02%
OM growth 5Y-2.83%
PM growth 3Y0.28%
PM growth 5Y5.42%
GM growth 3Y-1.1%
GM growth 5Y-0.61%
F-Score6
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.77 | ||
| Debt/FCF | 13.62 | ||
| Debt/EBITDA | 7.98 | ||
| Cap/Depr | 6167.46% | ||
| Cap/Sales | 21.79% | ||
| Interest Coverage | 3.41 | ||
| Cash Conversion | 97% | ||
| Profit Quality | 80.85% | ||
| Current Ratio | 0.48 | ||
| Quick Ratio | 0.48 | ||
| Altman-Z | 1 |
F-Score6
WACC4.99%
ROIC/WACC0.78
Cap/Depr(3y)14486%
Cap/Depr(5y)46663.9%
Cap/Sales(3y)64.67%
Cap/Sales(5y)49.18%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)17.67%
EPS 3Y7.68%
EPS 5Y7.44%
EPS Q2Q%-22.92%
EPS Next Y25.24%
EPS Next 2Y20.12%
EPS Next 3Y25.59%
EPS Next 5YN/A
Revenue 1Y (TTM)13.7%
Revenue growth 3Y8.83%
Revenue growth 5Y4.13%
Sales Q2Q%9.61%
Revenue Next Year11.32%
Revenue Next 2Y9.03%
Revenue Next 3Y7.59%
Revenue Next 5YN/A
EBIT growth 1Y8.52%
EBIT growth 3Y6.63%
EBIT growth 5Y1.19%
EBIT Next Year139.13%
EBIT Next 3Y37.66%
EBIT Next 5YN/A
FCF growth 1Y45.85%
FCF growth 3Y13.18%
FCF growth 5YN/A
OCF growth 1Y8.88%
OCF growth 3Y6.84%
OCF growth 5Y-0.24%