GMP Property SOCIMI
Market Cap
€1.1b
Last Updated
2020/07/13 05:00 UTC
Data Sources
Company Financials
Executive Summary
Gmp Property SOCIMI, S.A. invests, acquires, develops, and manages offices, shopping centers and commercial premises, industrial buildings, and logistics centers in Spain.
Rewards
Risk Analysis
Snowflake Analysis
Fair value with mediocre balance sheet.
Share Price & News
How has GMP Property SOCIMI's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: YGMP has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0%
YGMP
-2.2%
ES REITs
-1.1%
ES Market
1 Year Return
2.7%
YGMP
-18.2%
ES REITs
-19.4%
ES Market
Return vs Industry: YGMP exceeded the Spanish REITs industry which returned -18.2% over the past year.
Return vs Market: YGMP exceeded the Spanish Market which returned -19.4% over the past year.
Shareholder returns
| YGMP | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | -2.2% | -1.1% |
| 30 Day | -4.9% | -3.6% | 0.7% |
| 90 Day | -4.9% | -6.0% | 3.5% |
| 1 Year | 4.6%2.7% | -14.6%-18.2% | -16.9%-19.4% |
| 3 Year | 44.4%36.7% | 4.3%-5.5% | -21.3%-28.5% |
| 5 Year | n/a | 3.5%-17.3% | -18.7%-31.9% |
Price Volatility Vs. Market
How volatile is GMP Property SOCIMI's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
What Kind Of Shareholders Own GMP Property SOCIMI, S.A. (BME:YGMP)?1 year ago | Simply Wall St
GMP Property SOCIMI (BME:YGMP) Takes On Some Risk With Its Use Of Debt1 year ago | Simply Wall St
Does GMP Property SOCIMI (BME:YGMP) Deserve A Spot On Your Watchlist?Valuation
Is GMP Property SOCIMI undervalued compared to its fair value and its price relative to the market?
5.56x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: YGMP (€58) is trading above our estimate of fair value (€36.41)
Significantly Below Fair Value: YGMP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: YGMP is good value based on its PE Ratio (5.6x) compared to the ES REITs industry average (17.3x).
PE vs Market: YGMP is good value based on its PE Ratio (5.6x) compared to the Spanish market (14.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate YGMP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: YGMP is good value based on its PB Ratio (0.8x) compared to the ES REITs industry average (1x).
Next Steps
Future Growth
How is GMP Property SOCIMI forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
16.8%
Forecasted Real Estate industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as GMP Property SOCIMI has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine whether GMP Property SOCIMI is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- GMP Property SOCIMI competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
Past Performance
How has GMP Property SOCIMI performed over the past 5 years?
12.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: YGMP has a large one-off gain of €155.6M impacting its December 31 2019 financial results.
Growing Profit Margin: YGMP's current net profit margins are higher than last year .
Past Earnings Growth Analysis
Earnings Trend: YGMP's earnings have grown by 12.1% per year over the past 5 years.
Accelerating Growth: YGMP's earnings growth over the past year (6.8%) is below its 5-year average (12.1% per year).
Earnings vs Industry: YGMP earnings growth over the past year (6.8%) underperformed the REITs industry 17.6%.
Return on Equity
High ROE: YGMP's Return on Equity (14%) is considered low.
Next Steps
Financial Health
How is GMP Property SOCIMI's financial position?
Financial Position Analysis
Short Term Liabilities: YGMP's short term assets (€269.0M) exceed its short term liabilities (€49.2M).
Long Term Liabilities: YGMP's short term assets (€269.0M) do not cover its long term liabilities (€945.1M).
Debt to Equity History and Analysis
Debt Level: YGMP's debt to equity ratio (60.3%) is considered high.
Reducing Debt: YGMP's debt to equity ratio has reduced from 157.4% to 60.3% over the past 5 years.
Debt Coverage: YGMP's debt is not well covered by operating cash flow (6%).
Interest Coverage: YGMP's interest payments on its debt are well covered by EBIT (4.1x coverage).
Balance Sheet
Next Steps
Dividend
What is GMP Property SOCIMI current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate YGMP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate YGMP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if YGMP's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if YGMP's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of YGMP's dividend in 3 years as they are not forecast to pay a notable one for the Spanish market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
CEO
Francisco Montoro Alemán
3.33yrs
Tenure
Mr. Francisco Luis Montoro Alemán serves as the Chief Executive Officer at GMP Property SOCIMI, S.A. and has been its Chairman since March 29, 2017. Mr. Alemán served as Vice President of Board of Director ...
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
GMP Property SOCIMI, S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: GMP Property SOCIMI, S.A.
- Ticker: YGMP
- Exchange: BME
- Founded: 1979
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: €1.109b
- Shares outstanding: 19.12m
- Website: https://www.grupogmp.com
Number of Employees
Location
- GMP Property SOCIMI, S.A.
- Luchana, 23
- Madrid
- Madrid
- 28010
- Spain
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| YGMP | BME (Bolsas y Mercados Espanoles) | Yes | Share Capital | ES | EUR | Jul 2016 |
Biography
Gmp Property SOCIMI, S.A. invests, acquires, develops, and manages offices, shopping centers and commercial premises, industrial buildings, and logistics centers in Spain. The company rents and sells luxury villas, apartments, and plots of land. It is also involved in the land acquisition and management; property management; and residential tourism development activities. In addition, the company provides a range of sports and leisure services; and accommodation facilities, as well as develops and renovates existing buildings. Further, it operates restaurants; and an 18-hole championship golf course and country club, as well as offers Internet services. GMP Property SOCIMI, S.A. was founded in 1979 and is headquartered in Madrid, Spain.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/13 05:00 |
| End of Day Share Price | 2020/07/10 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.