Grand City Properties S.A.

XTRA:GYC Stock Report

Market Cap: €2.0b

Grand City Properties Valuation

Is GYC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of GYC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GYC (€11.51) is trading below our estimate of fair value (€12.48)

Significantly Below Fair Value: GYC is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GYC?

Key metric: As GYC is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for GYC. This is calculated by dividing GYC's market cap by their current revenue.
What is GYC's PS Ratio?
PS Ratio3.3x
Sales€598.93m
Market Cap€1.98b

Price to Sales Ratio vs Peers

How does GYC's PS Ratio compare to its peers?

The above table shows the PS ratio for GYC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.8x
DEQ Deutsche EuroShop
5x-0.2%€1.4b
AT1 Aroundtown
2.2x2.3%€3.2b
TEG TAG Immobilien
1.8x-33.9%€2.5b
ADL Adler Real Estate
2.1xn/a€980.4m
GYC Grand City Properties
3.3x1.8%€2.0b

Price-To-Sales vs Peers: GYC is expensive based on its Price-To-Sales Ratio (3.3x) compared to the peer average (3x).

Price to Sales Ratio vs Industry

How does GYC's PS Ratio compare vs other companies in the DE Real Estate Industry?

9 CompaniesPrice / SalesEstimated GrowthMarket Cap
DMRE DEMIRE Deutsche Mittelstand Real Estate
0.4x-42.0%US$78.97m
ADJ Adler Group
0.1xn/aUS$51.07m
NUVA Noratis
0.3x16.6%US$15.65m
A4Y ACCENTRO Real Estate
0.1x5.2%US$10.19m
GYC 3.3xIndustry Avg. 3.3xNo. of Companies9PS02.44.87.29.612+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: GYC is expensive based on its Price-To-Sales Ratio (3.3x) compared to the German Real Estate industry average (3.3x).

Price to Sales Ratio vs Fair Ratio

What is GYC's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GYC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.3x
Fair PS Ratio3.1x

Price-To-Sales vs Fair Ratio: GYC is expensive based on its Price-To-Sales Ratio (3.3x) compared to the estimated Fair Price-To-Sales Ratio (3.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst GYC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€11.51
€13.73
+19.3%
18.1%€19.70€8.40n/a12
Dec ’25€12.50
€13.63
+9.1%
18.3%€19.70€8.40n/a12
Nov ’25€12.35
€13.18
+6.7%
20.2%€19.70€8.40n/a12
Oct ’25€13.18
€12.29
-6.7%
25.2%€19.70€8.20n/a12
Sep ’25€12.43
€11.90
-4.3%
24.3%€19.20€8.20n/a12
Aug ’25€10.94
€11.66
+6.6%
23.5%€19.20€8.20n/a12
Jul ’25€10.79
€11.66
+8.0%
23.5%€19.20€8.20n/a12
Jun ’25€11.27
€11.36
+0.8%
25.3%€19.20€8.20n/a12
May ’25€10.45
€11.19
+7.1%
25.4%€19.20€8.20n/a12
Apr ’25€10.60
€10.85
+2.4%
26.5%€19.20€8.20n/a12
Mar ’25€8.67
€10.71
+23.6%
27.9%€19.20€7.00n/a12
Feb ’25€8.91
€10.71
+20.3%
27.9%€19.20€7.00n/a12
Jan ’25€10.18
€9.97
-2.1%
32.1%€19.20€7.00n/a12
Dec ’24€9.46
€10.00
+5.7%
31.9%€19.20€7.00€12.5012
Nov ’24€8.49
€10.09
+18.9%
33.0%€19.20€7.00€12.3511
Oct ’24€8.95
€10.06
+12.5%
33.1%€19.20€7.00€13.1811
Sep ’24€8.09
€10.70
+32.3%
48.4%€26.20€7.00€12.4311
Aug ’24€7.35
€10.58
+44.1%
49.4%€26.20€7.00€10.9411
Jul ’24€7.20
€11.45
+59.1%
44.7%€26.20€7.00€10.7911
Jun ’24€7.00
€11.49
+64.2%
42.5%€26.20€7.00€11.2712
May ’24€7.56
€11.75
+55.5%
42.2%€26.20€7.00€10.4512
Apr ’24€6.54
€12.11
+85.3%
39.6%€26.20€7.00€10.6012
Mar ’24€9.37
€12.81
+36.7%
36.3%€26.20€8.00€8.6712
Feb ’24€9.81
€12.81
+30.6%
36.3%€26.20€8.00€8.9112
Jan ’24€9.19
€14.72
+60.2%
34.3%€26.20€9.10€10.1812
Dec ’23€9.35
€16.17
+72.9%
29.2%€26.20€9.10€9.4612

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 18:42
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Grand City Properties S.A. is covered by 25 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Georg KandersBankhaus Lampe KG
Paul MayBarclays
Paul MayBarclays