PATRIMOINE ET COMMERCE-REGR (PAT.PA) Stock Fundamental Analysis
Europe - Euronext Paris - EPA:PAT - FR0011027135 - Common Stock
23.6 EUR
+0.1 (+0.43%)
Taking everything into account, PAT scores 6 out of 10 in our fundamental rating. PAT was compared to 40 industry peers in the Diversified REITs industry. PAT has an excellent profitability rating, but there are concerns on its financial health. PAT may be a bit undervalued, certainly considering the very reasonable score on growth 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.
PAT had a positive operating cash flow in each of the past 5 years.
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 73.81% of the companies in the same industry.
PAT has a Return On Equity of 8.16%. This is in the better half of the industry: PAT outperforms 73.81% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.89%, PAT is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for PAT is in line with the industry average of 3.46%.
The last Return On Invested Capital (3.89%) for PAT is above the 3 year average (3.57%), which is a sign of increasing profitability.
| 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 76.19% of the companies in the same industry.
In the last couple of years the Profit Margin of PAT has grown nicely.
PAT's Operating Margin of 75.91% is fine compared to the rest of the industry. PAT outperforms 66.67% of its industry peers.
In the last couple of years the Operating Margin of PAT has declined.
The Gross Margin of PAT (89.19%) is better than 80.95% 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PAT is destroying value.
PAT has more shares outstanding than it did 1 year ago.
The number of shares outstanding for PAT has been increased compared to 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 0.98, we must say that PAT is in the distress zone and has some risk of bankruptcy.
PAT has a Altman-Z score of 0.98. This is in the better half of the industry: PAT outperforms 64.29% of its industry peers.
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.
Looking at the Debt to FCF ratio, with a value of 13.62, PAT is in line with its industry, outperforming 52.38% of the companies in the same industry.
A Debt/Equity ratio of 0.77 indicates that PAT is somewhat dependend on debt financing.
PAT's Debt to Equity ratio of 0.77 is on the low side compared to the rest of the industry. PAT is outperformed by 61.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.77 | ||
| Debt/FCF | 13.62 | ||
| Altman-Z | 0.98 |
ROIC/WACC0.79
WACC4.92%
2.3 Liquidity
A Current Ratio of 0.48 indicates that PAT may have some problems paying its short term obligations.
The Current ratio of PAT (0.48) is comparable to the rest of the industry.
PAT has a Quick Ratio of 0.48. This is a bad value and indicates that PAT is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of PAT (0.48) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.48 | ||
| Quick Ratio | 0.48 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 17.67% over the past year.
The Earnings Per Share has been growing slightly by 7.44% on average over the past years.
The Revenue has grown by 13.70% in the past year. This is quite good.
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.
Based on estimates for the next years, PAT will show a small growth in Revenue. The Revenue will grow by 7.59% on average per year.
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
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
Based on the Price/Earnings ratio of 9.75, the valuation of PAT can be described as reasonable.
Based on the Price/Earnings ratio, PAT is valued cheaper than 80.95% of the companies in the same industry.
PAT's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.49.
The Price/Forward Earnings ratio is 7.71, which indicates a rather cheap valuation of PAT.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PAT indicates a rather cheap valuation: PAT is cheaper than 92.86% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.69, PAT is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.75 | ||
| Fwd PE | 7.71 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as PAT.
The rest of the industry has a similar Price/Free Cash Flow ratio as PAT.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.21 | ||
| EV/EBITDA | 16.87 |
4.3 Compensation for Growth
The 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)0.39
PEG (5Y)1.31
EPS Next 2Y20.12%
EPS Next 3Y25.59%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.74%, PAT is a good candidate for dividend investing.
PAT's Dividend Yield is comparable with the industry average which is at 5.96.
Compared to an average S&P500 Dividend Yield of 2.31, PAT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.74% |
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 (12/5/2025, 7:00:00 PM)
23.6
+0.1 (+0.43%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners34.5%
Inst Owner ChangeN/A
Ins Owners6.31%
Ins Owner ChangeN/A
Market Cap376.89M
Revenue(TTM)59.16M
Net Income(TTM)38.19M
Analysts84
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.74% |
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 | 9.75 | ||
| Fwd PE | 7.71 | ||
| P/S | 6.37 | ||
| P/FCF | 12.21 | ||
| P/OCF | 8.61 | ||
| P/B | 0.8 | ||
| P/tB | 0.8 | ||
| EV/EBITDA | 16.87 |
EPS(TTM)2.42
EY10.25%
EPS(NY)3.06
Fwd EY12.97%
FCF(TTM)1.93
FCFY8.19%
OCF(TTM)2.74
OCFY11.61%
SpS3.7
BVpS29.32
TBVpS29.32
PEG (NY)0.39
PEG (5Y)1.31
Graham Number39.96
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%
ROICexgc growth 3Y0.81%
ROICexgc 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 | 0.98 |
F-Score6
WACC4.92%
ROIC/WACC0.79
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%
PATRIMOINE ET COMMERCE-REGR / PAT.PA FAQ
What is the ChartMill fundamental rating of PATRIMOINE ET COMMERCE-REGR (PAT.PA) stock?
ChartMill assigns a fundamental rating of 6 / 10 to PAT.PA.
Can you provide the valuation status for PATRIMOINE ET COMMERCE-REGR?
ChartMill assigns a valuation rating of 8 / 10 to PATRIMOINE ET COMMERCE-REGR (PAT.PA). This can be considered as Undervalued.
What is the profitability of PAT stock?
PATRIMOINE ET COMMERCE-REGR (PAT.PA) has a profitability rating of 7 / 10.
What are the PE and PB ratios of PATRIMOINE ET COMMERCE-REGR (PAT.PA) stock?
The Price/Earnings (PE) ratio for PATRIMOINE ET COMMERCE-REGR (PAT.PA) is 9.75 and the Price/Book (PB) ratio is 0.8.
Is the dividend of PATRIMOINE ET COMMERCE-REGR sustainable?
The dividend rating of PATRIMOINE ET COMMERCE-REGR (PAT.PA) is 7 / 10 and the dividend payout ratio is 54.18%.