BME:YGMP

Stock Analysis Report

GMP Property SOCIMI

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.

Snowflake

Fundamentals

Solid track record and fair value.

Risks

  • GMP Property SOCIMI is not covered by any analysts.

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


Market Performance


7 Day Return

0%

YGMP

3.0%

ES REITs

0.5%

ES Market


1 Year Return

0%

YGMP

9.6%

ES REITs

-3.7%

ES Market

YGMP underperformed the REITs industry which returned 9.6% over the past year.

YGMP outperformed the Market in Spain which returned -3.7% over the past year.


Share holder returns

YGMPIndustryMarket
7 Day0%3.0%0.5%
30 Day0%2.5%4.1%
90 Day-1.7%3.9%-1.0%
1 Year1.9%0%13.1%9.6%-0.5%-3.7%
3 Year37.9%31.9%46.5%33.5%15.8%5.1%
5 Yearn/a87.9%48.9%2.8%-16.7%

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

Valuation

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

5.78x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

GMP Property SOCIMI's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

GMP Property SOCIMI's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

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

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

GMP Property SOCIMI is good value based on assets compared to the ES REITs industry average.


Next Steps

Future Growth

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

0.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if GMP Property SOCIMI is high growth as no revenue estimate data is available.

GMP Property SOCIMI's earnings are expected to grow by 0.4% yearly, however this is not considered high growth (20% yearly).

Unable to compare GMP Property SOCIMI's revenue growth to the Spain market average as no estimate data is available.

GMP Property SOCIMI's earnings growth is positive but not above the Spain market average.

GMP Property SOCIMI's earnings growth is positive but not above the low risk savings rate of 1.5%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if GMP Property SOCIMI will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

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

23.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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 38.4%).


Return on Equity

GMP Property SOCIMI has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

GMP Property SOCIMI used its assets more efficiently than the ES REITs industry average last year based on Return on Assets.


Return on Capital Employed

GMP Property SOCIMI has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is GMP Property SOCIMI's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

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).


Balance Sheet

Low level of unsold assets.

Debt is not covered by short term assets, assets are 0.2x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

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.

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

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.


Next Steps

Management

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


CEO

Francisco Montoro Alemán 0

2.5yrs

Tenure

0

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  ...


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Francisco Montoro Alemán

    Chairman & CEO

    • Tenure: 2.5yrs
  • Rafael Nebreda

    Secretary

    • Tenure: 0yrs
  • José Luis Garcí de la Calle

    Head of HR & Corporate GM

    • Tenure: 0yrs
  • Xabier Barrondo

    Business General Manager

    • Tenure: 0yrs
  • Jorge Calvo

    Chief Financial Officer

    • Tenure: 0yrs
  • Antonio Gil Pérez-Carro

    Head of Legal

    • Tenure: 0yrs
  • Diego Valiente

    Head of Property Assets

    • Tenure: 0yrs
  • Juan García

    Head of Technical Property & IN-PLANIA

    • Tenure: 0yrs
  • Silvia Llanes

    Head of Innovation & Development

    • Tenure: 0yrs
  • Cristobal Guerrero

    Head of Las Colinas Golf & Country Club

    • Tenure: 0yrs

Board Members

  • Madeleine Cosgrave (52yo)

    Director

    • Tenure: 0yrs
  • Sébastien Pierre Abascal (42yo)

    Director

    • Tenure: 0yrs
  • Francisco Montoro Alemán

    Chairman & CEO

    • Tenure: 2.5yrs
  • Antonio Montoro Alemán

    Deputy Chairman

    • Tenure: 0yrs
  • Ricardo Montoro Alemán

    Deputy Chairman

    • Tenure: 0yrs
  • Fernando Vara Herrero

    Director

    • Tenure: 0yrs

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: €1.080b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
YGMPBME (Bolsas y Mercados Espanoles)YesShare CapitalESEURJul 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 luxur ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/21 21:47
End of Day Share Price2019/09/20 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


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.