PATRIMOINE ET COMMERCE-REGR (PAT.PA) Stock Fundamental Analysis

Europe • Euronext Paris • EPA:PAT • FR0011027135

23.9 EUR
-0.3 (-1.24%)
Last: Feb 9, 2026, 09:05 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

6

Taking everything into account, PAT scores 6 out of 10 in our fundamental rating. PAT was compared to 42 industry peers in the Diversified REITs industry. PAT scores excellent on profitability, but there are concerns on its financial health. PAT is valued quite cheap, while showing a decent growth score. This is a good combination! PAT also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • PAT had positive earnings in the past year.
  • PAT had a positive operating cash flow in the past year.
  • Each year in the past 5 years PAT has been profitable.
  • PAT had a positive operating cash flow in each of the past 5 years.
PAT.PA Yearly Net Income VS EBIT VS OCF VS FCFPAT.PA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M -40M

1.2 Ratios

  • PAT's Return On Assets of 3.93% is fine compared to the rest of the industry. PAT outperforms 73.81% of its industry peers.
  • PAT has a better Return On Equity (8.14%) than 76.19% of its industry peers.
  • PAT has a Return On Invested Capital of 3.88%. This is in the better half of the industry: PAT outperforms 66.67% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for PAT is in line with the industry average of 3.45%.
  • The last Return On Invested Capital (3.88%) for PAT is above the 3 year average (3.57%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 3.93%
ROE 8.14%
ROIC 3.88%
ROA(3y)4.22%
ROA(5y)3.64%
ROE(3y)8.75%
ROE(5y)7.76%
ROIC(3y)3.57%
ROIC(5y)3.5%
PAT.PA Yearly ROA, ROE, ROICPAT.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

  • The Profit Margin of PAT (64.39%) is better than 76.19% of its industry peers.
  • In the last couple of years the Profit Margin of PAT has grown nicely.
  • PAT has a better Operating Margin (75.71%) than 64.29% 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 amongst the best in the industry. PAT outperforms 83.33% 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 RankSector Rank
OM 75.71%
PM (TTM) 64.39%
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%
PAT.PA Yearly Profit, Operating, Gross MarginsPAT.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80 100

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

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.
  • Compared to 5 years ago, PAT has more shares outstanding
  • PAT has a better debt/assets ratio than last year.
PAT.PA Yearly Shares OutstandingPAT.PA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M
PAT.PA Yearly Total Debt VS Total AssetsPAT.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.2 Solvency

  • Based on the Altman-Z score of 0.99, we must say that PAT is in the distress zone and has some risk of bankruptcy.
  • With a decent Altman-Z score value of 0.99, PAT is doing good in the industry, outperforming 66.67% of the companies in the same industry.
  • The Debt to FCF ratio of PAT is 13.71, which is on the high side as it means it would take PAT, 13.71 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 13.71, PAT is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • PAT has a Debt/Equity ratio of 0.77. This is a neutral value indicating PAT is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.77, PAT is in line with its industry, outperforming 45.24% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.77
Debt/FCF 13.71
Altman-Z 0.99
ROIC/WACC0.77
WACC5.01%
PAT.PA Yearly LT Debt VS Equity VS FCFPAT.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M 400M

2.3 Liquidity

  • PAT has a Current 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.
  • PAT's Current ratio of 0.48 is in line compared to the rest of the industry. PAT outperforms 47.62% of its industry peers.
  • A Quick Ratio of 0.48 indicates that PAT may have some problems paying its short term obligations.
  • PAT has a Quick ratio (0.48) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 0.48
Quick Ratio 0.48
PAT.PA Yearly Current Assets VS Current LiabilitesPAT.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. Growth

3.1 Past

  • PAT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 15.97%, which is quite good.
  • The Earnings Per Share has been growing slightly by 7.44% on average over the past years.
  • PAT shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 13.70%.
  • The Revenue has been growing slightly by 4.13% on average over the past years.
EPS 1Y (TTM)15.97%
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

  • The Earnings Per Share is expected to grow by 25.59% 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 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

  • 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.
PAT.PA Yearly Revenue VS EstimatesPAT.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M
PAT.PA Yearly EPS VS EstimatesPAT.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3 4

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Find the best growth stocksShow best growing peers

8

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 10.04, the valuation of PAT can be described as reasonable.
  • Compared to the rest of the industry, the Price/Earnings ratio of PAT indicates a rather cheap valuation: PAT is cheaper than 80.95% of the companies listed in the same industry.
  • PAT's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.93.
  • The Price/Forward Earnings ratio is 7.81, 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 95.24% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.77. PAT is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 10.04
Fwd PE 7.81
PAT.PA Price Earnings VS Forward Price EarningsPAT.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as PAT.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of PAT is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 12.44
EV/EBITDA 17.12
PAT.PA Per share dataPAT.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

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.
  • A more expensive valuation may be justified as PAT's earnings are expected to grow with 25.59% in the coming years.
PEG (NY)0.4
PEG (5Y)1.35
EPS Next 2Y20.12%
EPS Next 3Y25.59%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 5.58%, PAT is a good candidate for dividend investing.
  • PAT's Dividend Yield is comparable with the industry average which is at 5.29.
  • Compared to an average S&P500 Dividend Yield of 1.81, PAT pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.58%

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
PAT.PA Yearly Dividends per sharePAT.PA Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • 55.12% of the earnings are spent on dividend by PAT. 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.
DP55.12%
EPS Next 2Y20.12%
EPS Next 3Y25.59%
PAT.PA Yearly Income VS Free CF VS DividendPAT.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M -40M
PAT.PA Dividend Payout.PAT.PA Dividend Payout, showing the Payout Ratio.PAT.PA Dividend Payout.PayoutRetained Earnings

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PATRIMOINE ET COMMERCE-REGR

EPA:PAT (2/9/2026, 9:05:41 AM)

23.9

-0.3 (-1.24%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)07-23
Earnings (Next)N/A
Inst Owners34.71%
Inst Owner ChangeN/A
Ins Owners6.35%
Ins Owner ChangeN/A
Market Cap381.68M
Revenue(TTM)59.16M
Net Income(TTM)38.10M
Analysts84
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.58%
Yearly Dividend1.34
Dividend Growth(5Y)1.91%
DP55.12%
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 RankSector Rank
PE 10.04
Fwd PE 7.81
P/S 6.45
P/FCF 12.44
P/OCF 8.74
P/B 0.82
P/tB 0.82
EV/EBITDA 17.12
EPS(TTM)2.38
EY9.96%
EPS(NY)3.06
Fwd EY12.8%
FCF(TTM)1.92
FCFY8.04%
OCF(TTM)2.73
OCFY11.44%
SpS3.7
BVpS29.32
TBVpS29.32
PEG (NY)0.4
PEG (5Y)1.35
Graham Number39.62
Profitability
Industry RankSector Rank
ROA 3.93%
ROE 8.14%
ROCE 5.34%
ROIC 3.88%
ROICexc 4.01%
ROICexgc 4.01%
OM 75.71%
PM (TTM) 64.39%
GM 89.19%
FCFM 51.85%
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 RankSector Rank
Debt/Equity 0.77
Debt/FCF 13.71
Debt/EBITDA 8
Cap/Depr 6268.12%
Cap/Sales 21.93%
Interest Coverage 3.39
Cash Conversion 97%
Profit Quality 80.52%
Current Ratio 0.48
Quick Ratio 0.48
Altman-Z 0.99
F-Score6
WACC5.01%
ROIC/WACC0.77
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)15.97%
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 1Y8.24%
EBIT growth 3Y6.63%
EBIT growth 5Y1.19%
EBIT Next Year139.13%
EBIT Next 3Y37.66%
EBIT Next 5YN/A
FCF growth 1Y47.97%
FCF growth 3Y13.18%
FCF growth 5YN/A
OCF growth 1Y9.05%
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.


What is the valuation status of PATRIMOINE ET COMMERCE-REGR (PAT.PA) stock?

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.


Can you provide the PE and PB ratios for PAT stock?

The Price/Earnings (PE) ratio for PATRIMOINE ET COMMERCE-REGR (PAT.PA) is 10.04 and the Price/Book (PB) ratio is 0.82.


How sustainable is the dividend of PATRIMOINE ET COMMERCE-REGR (PAT.PA) stock?

The dividend rating of PATRIMOINE ET COMMERCE-REGR (PAT.PA) is 7 / 10 and the dividend payout ratio is 55.12%.