Grand City Properties
Market Cap
€3.8b
Last Updated
2021/04/11 19:09 UTC
Data Sources
Company Financials +
Executive Summary
Grand City Properties S.A. engages in the residential real estate business in Germany, the United Kingdom, and internationally. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 2.2% per year for the next 3 years
Snowflake Analysis
Average dividend payer and fair value.
Similar Companies
Share Price & News
How has Grand City Properties's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GYC is less volatile than 75% of German stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: GYC's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
2.7%
GYC
1.2%
DE Real Estate
0.8%
DE Market
1 Year Return
12.6%
GYC
19.3%
DE Real Estate
44.3%
DE Market
Return vs Industry: GYC underperformed the German Real Estate industry which returned 19.3% over the past year.
Return vs Market: GYC underperformed the German Market which returned 44.3% over the past year.
Shareholder returns
| GYC | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.7% | 1.2% | 0.8% |
| 30 Day | 6.9% | 2.9% | 4.6% |
| 90 Day | 8.2% | 0.5% | 9.0% |
| 1 Year | 17.1%12.6% | 22.7%19.3% | 49.0%44.3% |
| 3 Year | 25.4%12.4% | 24.5%15.1% | 24.6%13.8% |
| 5 Year | 37.6%17.0% | 66.8%47.1% | 54.9%32.9% |
Long-Term Price Volatility Vs. Market
How volatile is Grand City Properties's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
Here's What Grand City Properties S.A.'s (ETR:GYC) Shareholder Ownership Structure Looks Like3 weeks ago | Simply Wall St
Do Fundamentals Have Any Role To Play In Driving Grand City Properties S.A.'s (ETR:GYC) Stock Up Recently?2 months ago | Simply Wall St
Grand City Properties' (ETR:GYC) Shareholders Are Down 11% On Their SharesValuation
Is Grand City Properties undervalued compared to its fair value and its price relative to the market?
10.4x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: GYC (€22.18) is trading above our estimate of fair value (€12.1)
Significantly Below Fair Value: GYC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GYC is good value based on its PE Ratio (10.4x) compared to the DE Real Estate industry average (16.2x).
PE vs Market: GYC is good value based on its PE Ratio (10.4x) compared to the German market (27.8x).
Price to Earnings Growth Ratio
PEG Ratio: GYC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: GYC is good value based on its PB Ratio (0.8x) compared to the DE Real Estate industry average (1.3x).
Future Growth
How is Grand City Properties forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
-2.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GYC's earnings are forecast to decline over the next 3 years (-2.2% per year).
Earnings vs Market: GYC's earnings are forecast to decline over the next 3 years (-2.2% per year).
High Growth Earnings: GYC's earnings are forecast to decline over the next 3 years.
Revenue vs Market: GYC's revenue (2% per year) is forecast to grow slower than the German market (5.3% per year).
High Growth Revenue: GYC's revenue (2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GYC's Return on Equity is forecast to be low in 3 years time (8.8%).
Past Performance
How has Grand City Properties performed over the past 5 years?
-2.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GYC has a large one-off gain of €297.7M impacting its December 31 2020 financial results.
Growing Profit Margin: GYC's current net profit margins (67.2%) are lower than last year (72.5%).
Past Earnings Growth Analysis
Earnings Trend: GYC's earnings have declined by 2.9% per year over the past 5 years.
Accelerating Growth: GYC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GYC had negative earnings growth (-10.8%) over the past year, making it difficult to compare to the Real Estate industry average (-1.8%).
Return on Equity
High ROE: GYC's Return on Equity (8.1%) is considered low.
Financial Health
How is Grand City Properties's financial position?
Financial Position Analysis
Short Term Liabilities: GYC's short term assets (€2.3B) exceed its short term liabilities (€427.3M).
Long Term Liabilities: GYC's short term assets (€2.3B) do not cover its long term liabilities (€4.9B).
Debt to Equity History and Analysis
Debt Level: GYC's debt to equity ratio (75.8%) is considered high.
Reducing Debt: GYC's debt to equity ratio has reduced from 93.1% to 75.8% over the past 5 years.
Debt Coverage: GYC's debt is not well covered by operating cash flow (5.7%).
Interest Coverage: GYC's interest payments on its debt are well covered by EBIT (5.6x coverage).
Balance Sheet
Dividend
What is Grand City Properties's current dividend yield, its reliability and sustainability?
3.70%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: GYC's dividend (3.7%) is higher than the bottom 25% of dividend payers in the German market (1.07%).
High Dividend: GYC's dividend (3.7%) is in the top 25% of dividend payers in the German market (3.21%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, GYC has been paying a dividend for less than 10 years.
Growing Dividend: GYC's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (38.4%), GYC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GYC's dividends in 3 years are forecast to be well covered by earnings (48.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.4yrs
Average board tenure
CEO
Refael Zamir
0.50
Tenure
€1,106,000
Compensation
Mr. Refael Zamir serves as the Chief Financial Officer and Member of Management Board at Grand City Properties S.A. (“GCP”) and also serves as its Chief Executive Officer since October 01, 2020. He served ...
CEO Compensation Analysis
Compensation vs Market: Refael's total compensation ($USD1.31M) is below average for companies of similar size in the German market ($USD2.07M).
Compensation vs Earnings: Refael's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Board Members
Experienced Board: GYC's board of directors are considered experienced (7.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Grand City Properties S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Grand City Properties S.A.
- Ticker: GYC
- Exchange: XTRA
- Founded: 2004
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: €3.794b
- Shares outstanding: 171.03m
- Website: https://www.grandcityproperties.com
Number of Employees
Location
- Grand City Properties S.A.
- 1, Avenue du Bois
- Luxembourg
- 1251
- Luxembourg
Listings
Biography
Grand City Properties S.A. engages in the residential real estate business in Germany, the United Kingdom, and internationally. The company invests in, manages, and rents real estate properties in North Rh...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/11 19:09 |
| End of Day Share Price | 2021/04/09 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.