Loading...

GMP Property SOCIMI

BME:YGMP
Snowflake Description

Solid track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
YGMP
BME
€1B
Market Cap
  1. Home
  2. ES
  3. Real Estate
Company description

Gmp Property SOCIMI, S.A. invests, acquires, develops, and manages offices, shopping centers and commercial premises, industrial buildings, and logistics centers in Spain. The last earnings update was 53 days ago. More info.


Add to Portfolio Compare Print
YGMP Share Price and Events
7 Day Returns
0%
BME:YGMP
0.9%
ES REITs
-1.5%
ES Market
1 Year Returns
9.5%
BME:YGMP
2.9%
ES REITs
-5.9%
ES Market
YGMP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
GMP Property SOCIMI (YGMP) 0% 2.7% 2.7% 9.5% - -
ES REITs 0.9% 2.3% 5% 2.9% 29.4% 13.5%
ES Market -1.5% -1.2% -2.9% -5.9% 8.9% -19.3%
1 Year Return vs Industry and Market
  • YGMP outperformed the REITs industry which returned 2.9% over the past year.
  • YGMP outperformed the Market in Spain which returned -5.9% over the past year.
Price Volatility
YGMP
Industry
5yr Volatility vs Market

Value

 Is GMP Property SOCIMI undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of GMP Property SOCIMI to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for GMP Property SOCIMI.

BME:YGMP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year ES Government Bond Rate 1.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BME:YGMP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year ES Govt Bond Rate 1.5%
Equity Risk Premium S&P Global 8.2%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.49
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.493 (1 + (1- 25%) (76.35%))
0.85
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.85
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.53% + (0.85 * 8.18%)
8.48%

Discounted Cash Flow Calculation for BME:YGMP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for GMP Property SOCIMI is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BME:YGMP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.48%)
2019 33.74 Est @ -12.13% 31.10
2020 31.03 Est @ -8.03% 26.37
2021 29.43 Est @ -5.16% 23.05
2022 28.50 Est @ -3.16% 20.58
2023 28.00 Est @ -1.75% 18.64
2024 27.78 Est @ -0.77% 17.05
2025 27.76 Est @ -0.08% 15.71
2026 27.87 Est @ 0.4% 14.54
2027 28.08 Est @ 0.74% 13.50
2028 28.35 Est @ 0.98% 12.57
Present value of next 10 years cash flows €193.10
BME:YGMP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €28.35 × (1 + 1.53%) ÷ (8.48% – 1.53%)
€414.14
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €414.14 ÷ (1 + 8.48%)10
€183.57
BME:YGMP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €193.10 + €183.57
€376.67
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €376.67 / 19.12
€19.7
BME:YGMP Discount to Share Price
Calculation Result
Value per share (EUR) From above. €19.70
Current discount Discount to share price of €57.50
= -1 x (€57.50 - €19.70) / €19.70
-191.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of GMP Property SOCIMI is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for GMP Property SOCIMI's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are GMP Property SOCIMI's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BME:YGMP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €9.77
BME:YGMP Share Price ** BME (2019-06-18) in EUR €57.5
Spain REITs Industry PE Ratio Median Figure of 24 Publicly-Listed REITs Companies 17.33x
Spain Market PE Ratio Median Figure of 138 Publicly-Listed Companies 17.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of GMP Property SOCIMI.

BME:YGMP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BME:YGMP Share Price ÷ EPS (both in EUR)

= 57.5 ÷ 9.77

5.89x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GMP Property SOCIMI is good value based on earnings compared to the ES REITs industry average.
  • GMP Property SOCIMI is good value based on earnings compared to the Spain market.
Price based on expected Growth
Does GMP Property SOCIMI's expected growth come at a high price?
Raw Data
BME:YGMP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.89x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
0.7%per year
Spain REITs Industry PEG Ratio Median Figure of 5 Publicly-Listed REITs Companies -0.35x
Spain Market PEG Ratio Median Figure of 79 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for GMP Property SOCIMI, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on GMP Property SOCIMI's assets?
Raw Data
BME:YGMP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €66.74
BME:YGMP Share Price * BME (2019-06-18) in EUR €57.5
Spain REITs Industry PB Ratio Median Figure of 29 Publicly-Listed REITs Companies 1.18x
Spain Market PB Ratio Median Figure of 185 Publicly-Listed Companies 1.64x
BME:YGMP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BME:YGMP Share Price ÷ Book Value per Share (both in EUR)

= 57.5 ÷ 66.74

0.86x

* Primary Listing of GMP Property SOCIMI.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GMP Property SOCIMI is good value based on assets compared to the ES REITs industry average.
X
Value checks
We assess GMP Property SOCIMI's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. GMP Property SOCIMI has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is GMP Property SOCIMI expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover GMP Property SOCIMI, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
0.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is GMP Property SOCIMI expected to grow at an attractive rate?
  • GMP Property SOCIMI's earnings growth is positive but not above the low risk savings rate of 1.5%.
Growth vs Market Checks
  • GMP Property SOCIMI's earnings growth is positive but not above the Spain market average.
  • Unable to compare GMP Property SOCIMI's revenue growth to the Spain market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BME:YGMP Future Growth Rates Data Sources
Data Point Source Value (per year)
BME:YGMP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 0.7%
Spain REITs Industry Earnings Growth Rate Market Cap Weighted Average -5.1%
Spain REITs Industry Revenue Growth Rate Market Cap Weighted Average 6.7%
Spain Market Earnings Growth Rate Market Cap Weighted Average 7.8%
Spain Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BME:YGMP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BME:YGMP Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 107 39 187
2018-09-30 103 41 185
2018-06-30 98 43 184
2018-03-31 98 45 159
2017-12-31 98 47 134
2017-09-30 96 47 163
2017-06-30 94 47 193
2017-03-31 87 38 183
2016-12-31 80 29 173
2016-09-30 77 23 124
2016-06-30 73 17 75
2016-03-31 73 25 93

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • GMP Property SOCIMI's earnings are expected to grow by 0.7% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if GMP Property SOCIMI is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BME:YGMP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from GMP Property SOCIMI Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BME:YGMP Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 9.77
2018-09-30 9.68
2018-06-30 9.60
2018-03-31 8.29
2017-12-31 6.98
2017-09-30 8.53
2017-06-30 10.61
2017-03-31 9.81
2016-12-31 9.06
2016-09-30 6.48
2016-06-30 3.72
2016-03-31 4.73

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if GMP Property SOCIMI will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess GMP Property SOCIMI's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Spain market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Spain market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
GMP Property SOCIMI has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has GMP Property SOCIMI performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare GMP Property SOCIMI's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • GMP Property SOCIMI has delivered over 20% year on year earnings growth in the past 5 years.
  • GMP Property SOCIMI's 1-year earnings growth exceeds its 5-year average (39.9% vs 23.1%)
  • GMP Property SOCIMI's earnings growth has exceeded the ES REITs industry average in the past year (39.9% vs 36.8%).
Earnings and Revenue History
GMP Property SOCIMI's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from GMP Property SOCIMI Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BME:YGMP Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 107.50 186.82 12.26
2018-09-30 102.72 185.17 11.74
2018-06-30 97.95 183.52 9.52
2018-03-31 98.16 158.52 9.46
2017-12-31 98.37 133.52 11.10
2017-09-30 96.03 163.19 9.77
2017-06-30 93.68 192.87 8.44
2017-03-31 86.94 183.03 8.74
2016-12-31 80.19 173.19 9.04
2016-09-30 76.60 123.95 8.83
2016-06-30 73.02 74.71 8.63
2016-03-31 73.08 92.67 8.48
2015-12-31 73.14 110.63 8.33
2014-12-31 72.61 145.39 7.53
2013-12-31 86.87 -27.54 5.79
2012-12-31 91.45 -14.93 6.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • GMP Property SOCIMI has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • GMP Property SOCIMI used its assets more efficiently than the ES REITs industry average last year based on Return on Assets.
  • GMP Property SOCIMI has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess GMP Property SOCIMI's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
GMP Property SOCIMI has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is GMP Property SOCIMI's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up GMP Property SOCIMI's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • GMP Property SOCIMI is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • GMP Property SOCIMI's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of GMP Property SOCIMI's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from GMP Property SOCIMI Company Filings, last reported 5 months ago.

BME:YGMP Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,275.94 839.32 59.34
2018-09-30 1,275.94 839.32 59.34
2018-06-30 1,202.69 855.83 68.38
2018-03-31 1,202.69 855.83 68.38
2017-12-31 1,117.21 865.74 66.87
2017-09-30 1,117.21 865.74 66.87
2017-06-30 1,045.09 864.62 60.83
2017-03-31 1,045.09 864.62 60.83
2016-12-31 986.11 862.23 50.12
2016-09-30 986.11 862.23 50.12
2016-06-30 848.79 861.84 28.01
2016-03-31 848.79 861.84 28.01
2015-12-31 681.45 978.35 55.66
2014-12-31 548.20 863.01 60.77
2013-12-31 351.04 879.08 36.06
2012-12-31 90.48 913.39 34.42
  • GMP Property SOCIMI's level of debt (65.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (250% vs 65.8% today).
  • Debt is not well covered by operating cash flow (4.7%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.1x coverage).
X
Financial health checks
We assess GMP Property SOCIMI's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. GMP Property SOCIMI has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is GMP Property SOCIMI's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from GMP Property SOCIMI dividends.
If you bought €2,000 of GMP Property SOCIMI shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate GMP Property SOCIMI's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate GMP Property SOCIMI's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BME:YGMP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Spain REITs Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 3.1%
Spain Market Average Dividend Yield Market Cap Weighted Average of 77 Stocks 4.4%
Spain Minimum Threshold Dividend Yield 10th Percentile 1.2%
Spain Bottom 25% Dividend Yield 25th Percentile 2.2%
Spain Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as GMP Property SOCIMI has not reported any payouts.
  • Unable to verify if GMP Property SOCIMI's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of GMP Property SOCIMI's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as GMP Property SOCIMI has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess GMP Property SOCIMI's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can GMP Property SOCIMI afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. GMP Property SOCIMI has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of GMP Property SOCIMI's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Francisco Montoro Alemán
TENURE AS CEO 2.3 years
CEO Bio

Mr. Francisco 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 Directors of GMP Property SOCIMI, S.A. until March 29, 2017.

CEO Compensation
  • Insufficient data for Francisco to compare compensation growth.
  • Insufficient data for Francisco to establish whether their remuneration is reasonable compared to companies of similar size in Spain.
Management Team

Francisco Montoro Alemán

TITLE
Chairman & CEO
TENURE
2.3 yrs

Jorge Calvo

TITLE
CFO and Financial & Technology Director

Antonio Pérez-Carro

TITLE
Legal Director

Silvia Llanes

TITLE
Director of Marketing

José Luis de la Calle

TITLE
HR Director and Corporate Managing Director

Xabier Barrondo

TITLE
Business Managing Director

Rafael Nebreda

TITLE
Secretary
Board of Directors

Francisco Montoro Alemán

TITLE
Chairman & CEO

Antonio Montoro Alemán

TITLE
Deputy Chairman

Ricardo Montoro Alemán

TITLE
Deputy Chairman

Sébastien Abascal

TITLE
Director
AGE
42

Fernando Herrero

TITLE
Director

Madeleine Cosgrave

TITLE
Director
AGE
52
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess GMP Property SOCIMI's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. GMP Property SOCIMI has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does GMP Property SOCIMI (BME:YGMP) Deserve A Spot On Your Watchlist?

I like to take a look at earnings before interest and (EBIT) tax margins, as well as revenue growth, to get another take on the quality of the company's growth. … GMP Property SOCIMI maintained stable EBIT margins over the last year, all while growing revenue 9.3% to €107m. … For growth investors like me, GMP Property SOCIMI's raw rate of earnings growth is a beacon in the night.

Simply Wall St -

One Metric To Rule Them All: GMP Property SOCIMI, S.A. (BME:YGMP)

REITs own and operate income-generating property and adhere to a different set of regulations. … View our latest analysis for GMP Property SOCIMI … FFO is a cleaner and more representative figure of how much YGMP actually makes from its day-to-day operations, compared to net income, which can be affected by one-off activities or non-cash items such as depreciation

Simply Wall St -

You May Have Been Looking At GMP Property SOCIMI, S.A. (BME:YGMP) All Wrong

real estate investment trust (REIT) based in Madrid, Spain. … They have to meet certain requirements in order to become a REIT, meaning they should be analyzed a different way. … This term is very common in the REIT investing world as it provides a cleaner look at its cash flow from daily operations by excluding impact of one-off activities or non-cash items such as depreciation

Simply Wall St -

How Should You Analyze REIT Stock GMP Property SOCIMI SA (BME:YGMP)?

real estate investment trust (REIT) based in Madrid, Spain. … REITs are basically a portfolio of income-producing real estate investments, which are owned and operated by management of that trust company. … They have to meet certain requirements in order to become a REIT, meaning they should be analyzed a different way

Simply Wall St -

What You Must Know About GMP Property SOCIMI SA.'s (BME:YGMP) Major Investors

Insider Ownership I find insiders are another important group of stakeholders, who are directly involved in making key decisions related to the use of capital. … Public Company Ownership Another important group of owners for potential investors in YGMP are other public companies that hold a stake of 32.90% in YGMP. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.Next Steps: With a low level of institutional ownership, investors in YGMP need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

Simply Wall St -

You May Have Been Looking At GMP Property SOCIMI SA. (BME:YGMP) All Wrong

BME:YGMP Historical Debt Mar 9th 18 In order to understand whether YGMP has a healthy balance sheet, we have to look at a metric called FFO-to-total debt. … This tells us how long it will take YGMP to pay off its debt using its income from its main business activities, and gives us an insight into YGMP’s ability to service its borrowings. … This would take YGMP 29 years to pay off using just operating income, which is a long time, and risk increases with time.

Simply Wall St -

Company Info

Description

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.

Details
Name: GMP Property SOCIMI, S.A.
YGMP
Exchange: BME
Founded: 1979
€1,099,319,327
19,118,597
Website: http://www.grupogmp.com
Address: GMP Property SOCIMI, S.A.
Luchana, 23,
Madrid,
Madrid, 28010,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BME YGMP Share Capital Bolsas y Mercados Espanoles ES EUR 29. Jul 2016
Number of employees
Current staff
Staff numbers
126
GMP Property SOCIMI employees.
Industry
Diversified REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 22:07
End of day share price update: 2019/06/18 00:00
Last earnings filing: 2019/04/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.