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

Proven track record and fair value.

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

0.9%

ES REITs

2.7%

ES Market


1 Year Return

0.9%

YGMP

16.9%

ES REITs

4.5%

ES Market

Return vs Industry: YGMP underperformed the Spanish REITs industry which returned 16.9% over the past year.

Return vs Market: YGMP underperformed the Spanish Market which returned 4.5% over the past year.


Share holder returns

YGMPIndustryMarket
7 Day0%0.9%2.7%
30 Day0%5.0%1.2%
90 Day0%5.6%-1.4%
1 Year2.8%0.9%20.8%16.9%8.1%4.5%
3 Year37.9%31.9%52.4%38.8%16.9%6.1%
5 Yearn/a107.2%63.5%12.7%-8.7%

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

Undervalued: YGMP (€56.5) is trading above our estimate of fair value (€20.76)

Significantly Undervalued: YGMP is trading above our estimate of fair value.


Price Based on Earnings

PE vs Industry: YGMP is good value based on its PE Ratio (5.8x) compared to the REITs industry average (17.7x).

PE vs Market: YGMP is good value based on its PE Ratio (5.8x) compared to the Spanish market (16.6x).


Price Based on Expected Growth

Low PEG Ratio: Insufficient data to calculate YGMP's PEG Ratio to determine if it is good value.


Price Based on Value of Assets

PB vs Industry: YGMP is good value based on its PB Ratio (0.8x) compared to the ES REITs industry average (1.2x).


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?

-1.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: YGMP's earnings are forecast to decline over the next 3 years (-1.3% per year).

Earnings vs Market: YGMP's earnings are forecast to decline over the next 3 years (-1.3% per year).

High Growth Earnings: YGMP's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if YGMP's revenue is forecast to grow faster than the Spanish market.

High Growth Revenue: Insufficient data to determine if YGMP's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: Insufficient data to determine if YGMP's Return on Equity is forecast to be high in 3 years time


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

Earnings Trend: YGMP has become profitable over the past 5 years, growing earnings by 23.1% per year.

Accelerating Growth: YGMP's earnings growth over the past year (39.9%) exceeds its 5-year average (23.1% per year).

Earnings vs Industry: YGMP earnings growth over the past year (39.9%) underperformed the REITs industry 39.9%.


Return on Equity

High ROE: YGMP's Return on Equity (14.6%) is considered low.


Return on Assets

ROA vs Industry: YGMP has a higher Return on Assets than the REITs industry average last year.


Return on Capital Employed

ROCE Improving: YGMP has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is GMP Property SOCIMI's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: YGMP has a low level of unsold assets or inventory.

Debt Coverage by Assets: YGMP's debt is not covered by short term assets (assets are 0.2x debt).


Financial Institutions Analysis

Asset Level: YGMP's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if YGMP has a sufficient allowance for bad loans.

Low Risk Liabilities: YGMP reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if YGMP has an acceptable proportion of non-loan assets held.

Low Risk Deposits: YGMP has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if YGMP has an appropriate level of bad loans.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.2%markettop25%5.7%industryaverage3.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: Unable to evaluate YGMP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate YGMP's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

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

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

2.6yrs

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

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Francisco Montoro Alemán

    Chairman & CEO

    • Tenure: 2.6yrs
  • 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: 2.6yrs
  • 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 Analysis2019/10/13 23:41
End of Day Share Price2019/10/11 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.

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