ENXTPA:FATL

Stock Analysis Report

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Executive Summary

Fonciere Atland operates as a real estate investment trust. More Details


Snowflake Analysis

Good value with proven track record.

Share Price & News

How has Fonciere Atland's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FATL has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

6.7%

FATL

1.4%

FR REITs

1.3%

FR Market


1 Year Return

-3.6%

FATL

-31.8%

FR REITs

-5.7%

FR Market

Return vs Industry: FATL exceeded the French REITs industry which returned -31.8% over the past year.

Return vs Market: FATL exceeded the French Market which returned -5.7% over the past year.


Shareholder returns

FATLIndustryMarket
7 Day6.7%1.4%1.3%
30 Day6.7%-0.9%2.9%
90 Day2.6%-10.7%3.1%
1 Year2.7%-3.6%-27.1%-31.8%-3.7%-5.7%
3 Year62.0%39.7%-17.2%-30.7%10.6%1.0%
5 Year163.6%110.6%4.6%-21.8%45.3%25.8%

Price Volatility Vs. Market

How volatile is Fonciere Atland's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Fonciere Atland undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FATL (€159) is trading below our estimate of fair value (€2044.79)

Significantly Below Fair Value: FATL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FATL is good value based on its PE Ratio (4x) compared to the FR REITs industry average (7.9x).

PE vs Market: FATL is good value based on its PE Ratio (4x) compared to the French market (17.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FATL is overvalued based on its PB Ratio (1.2x) compared to the FR REITs industry average (0.7x).


Next Steps

Future Growth

How is Fonciere Atland forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

27.6%

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 Fonciere Atland 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

Past Performance

How has Fonciere Atland performed over the past 5 years?

34.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FATL has high quality earnings.

Growing Profit Margin: FATL's current net profit margins (22%) are lower than last year (25%).


Past Earnings Growth Analysis

Earnings Trend: FATL's earnings have grown significantly by 34.7% per year over the past 5 years.

Accelerating Growth: FATL's earnings growth over the past year (267.3%) exceeds its 5-year average (34.7% per year).

Earnings vs Industry: FATL earnings growth over the past year (267.3%) exceeded the REITs industry 13.2%.


Return on Equity

High ROE: FATL's Return on Equity (19.9%) is considered low.


Next Steps

Financial Health

How is Fonciere Atland's financial position?


Financial Position Analysis

Short Term Liabilities: FATL's short term assets (€284.6M) exceed its short term liabilities (€149.2M).

Long Term Liabilities: FATL's short term assets (€284.6M) exceed its long term liabilities (€176.7M).


Debt to Equity History and Analysis

Debt Level: FATL's debt to equity ratio (167.5%) is considered high.

Reducing Debt: FATL's debt to equity ratio has reduced from 266.5% to 167.5% over the past 5 years.

Debt Coverage: FATL's debt is not well covered by operating cash flow (15.4%).

Interest Coverage: FATL earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Fonciere Atland current dividend yield, its reliability and sustainability?

4.40%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FATL's dividend (4.4%) is higher than the bottom 25% of dividend payers in the French market (1.55%).

High Dividend: FATL's dividend (4.4%) is low compared to the top 25% of dividend payers in the French market (4.97%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, FATL has been paying a dividend for less than 10 years.

Growing Dividend: FATL's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (11.1%), FATL's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.8yrs

Average board tenure


CEO

Georges Rocchietta (56 yo)

no data

Tenure

€330,000

Compensation

Mr. Georges Rocchietta serves as the Founder, Chairman and Chief Executive Officer of Fonciere Atland. Mr. Rocchietta began his career at Nouveaux Constructeurs. In 1990, he participated in the creation of ...


CEO Compensation Analysis

Compensation vs Market: Georges's total compensation ($USD0.00) is below average for companies of similar size in the French market ($USD549.54K).

Compensation vs Earnings: Georges's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Georges Rocchietta
Founderno data€330.00k0.00011%
€ 154.9
Jean-Louis Charon
Independent Director14.67yrs€3.33k2.27%
€ 3.2m
Evelyn Chow
Director4.33yrs€402.32k0.015%
€ 20.7k
Lionel de La Hesliere
Director14.67yrs€2.06mno data
Geneviève Vaudelin-Martin
Independent Director8.33yrs€176.98k0.0028%
€ 4.0k
Alexa Attias
Independent Director5.33yrs€7.00k0.00011%
€ 154.9
Patrick Laforet
Director3.33yrs€3.33k0.00011%
€ 154.9
Patricia Bourbonne
Director3.33yrs€450.00kno data
Jean Sturzenegger
Director2.33yrsno datano data

4.8yrs

Average Tenure

63yo

Average Age

Experienced Board: FATL's board of directors are considered experienced (4.8 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 been substantially diluted in the past year, with total shares outstanding growing by 57%.


Top Shareholders

Company Information

Fonciere Atland's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fonciere Atland
  • Ticker: FATL
  • Exchange: ENXTPA
  • Founded: 1959
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Market Cap: €140.809m
  • Shares outstanding: 885.59k
  • Website: https://www.fonciere-atland.fr

Number of Employees


Location

  • Fonciere Atland
  • 40, avenue George V
  • Paris
  • Ile-de-France
  • 75008
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FATLENXTPA (Euronext Paris)YesOrdinary SharesFREURJan 1992
FATLPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
0OL3LSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992

Biography

Fonciere Atland operates as a real estate investment trust. It invests in offices, retail outlets, warehouses, or light industrial premises. It also provides real estate sale-leaseback services, and constr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/18 04:03
End of Day Share Price2020/09/17 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.