FATL

Fonciere AtlandENXTPA:FATL Stock Report

Market Cap

€180.5m

7D

0%

1Y

31.2%

Updated

17 Sep, 2021

Data

Company Financials
FATL fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance1/6
Financial Health3/6
Dividends2/6

FATL Overview

Fonciere Atland operates as a real estate investment trust.

Price History & Performance

Summary of all time highs, changes and price drops for Fonciere Atland
Historical stock prices
Current Share Price€41.20
52 Week High€27.90
52 Week Low€45.60
Beta0.37
1 Month Change3.52%
3 Month Change-5.51%
1 Year Change31.21%
3 Year Change77.59%
5 Year Change146.71%
Change since IPO304.27%

Recent News & Updates

Mar 01
Why Fonciere Atland (EPA:FATL) Looks Like A Quality Company

Why Fonciere Atland (EPA:FATL) Looks Like A Quality Company

One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...

Jan 05
Shareholders Of Fonciere Atland (EPA:FATL) Must Be Happy With Their 161% Total Return

Shareholders Of Fonciere Atland (EPA:FATL) Must Be Happy With Their 161% Total Return

The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on a lighter note, a...

Shareholder Returns

FATLFR REITsFR Market
7D0%0.04%-1.8%
1Y31.2%31.2%32.8%

Return vs Industry: FATL exceeded the French REITs industry which returned 26.6% over the past year.

Return vs Market: FATL matched the French Market which returned 31.8% over the past year.

Price Volatility

Is FATL's price volatile compared to industry and market?
FATL volatility
FATL Beta0.37
Industry Beta1.29
Market Beta1

Stable Share Price: FATL is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: FATL's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1959206Georges Rocchiettahttps://www.fonciere-atland.fr

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 construction and turnkey rental development services to business customers.

Fonciere Atland Fundamentals Summary

How do Fonciere Atland's earnings and revenue compare to its market cap?
FATL fundamental statistics
Market Cap€180.51m
Earnings (TTM)€19.68m
Revenue (TTM)€187.05m

9.2x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FATL income statement (TTM)
Revenue€187.05m
Cost of Revenue€137.88m
Gross Profit€49.17m
Expenses€29.49m
Earnings€19.68m

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)4.52
Gross Margin26.29%
Net Profit Margin10.52%
Debt/Equity Ratio158.4%

How did FATL perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

17%

Payout Ratio

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 (€41.2) is trading below our estimate of fair value (€152.15)

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 (9.2x) compared to the French REITs industry average (11.9x).

PE vs Market: FATL is good value based on its PE Ratio (9.2x) compared to the French market (21.3x).


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 (1.4x) compared to the FR REITs industry average (0.7x).


Future Growth

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

33.1%

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.


Past Performance

How has Fonciere Atland performed over the past 5 years?

35.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FATL has a large one-off gain of €11.8M impacting its December 31 2020 financial results.

Growing Profit Margin: FATL's current net profit margins (10.5%) are lower than last year (22%).


Past Earnings Growth Analysis

Earnings Trend: FATL's earnings have grown significantly by 35.8% per year over the past 5 years.

Accelerating Growth: FATL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FATL had negative earnings growth (-13.2%) over the past year, making it difficult to compare to the REITs industry average (-13.2%).


Return on Equity

High ROE: FATL's Return on Equity (16%) is considered low.


Financial Health

How is Fonciere Atland's financial position?


Financial Position Analysis

Short Term Liabilities: FATL's short term assets (€293.3M) exceed its short term liabilities (€171.6M).

Long Term Liabilities: FATL's short term assets (€293.3M) exceed its long term liabilities (€176.4M).


Debt to Equity History and Analysis

Debt Level: FATL's debt to equity ratio (158.4%) is considered high.

Reducing Debt: FATL's debt to equity ratio has reduced from 184.4% to 158.4% over the past 5 years.

Debt Coverage: FATL's debt is not well covered by operating cash flow (18.1%).

Interest Coverage: FATL's interest payments on its debt are not well covered by EBIT (3x coverage).


Balance Sheet


Dividend

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

3.64%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FATL's dividend (3.64%) is higher than the bottom 25% of dividend payers in the French market (1.29%).

High Dividend: FATL's dividend (3.64%) is low compared to the top 25% of dividend payers in the French market (3.91%).


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 5 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (16.6%), FATL's dividend payments are well 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?

6.3yrs

Average board tenure


CEO

Georges Rocchietta (57 yo)

15.58yrs

Tenure

€526,160

Compensation

Mr. Georges Rocchietta is a Founder of Fonciere Atland and has been its Chairman and Chief Executive Officer since February 22, 2006. Mr. Rocchietta began his career at Nouveaux Constructeurs. In 1990, he...


CEO Compensation Analysis

Compensation vs Market: Georges's total compensation ($USD617.63K) is above average for companies of similar size in the French market ($USD408.59K).

Compensation vs Earnings: Georges's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Board Members

Experienced Board: FATL's board of directors are considered experienced (6.3 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Fonciere Atland's 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: €180.513m
  • Shares outstanding: 4.38m
  • Website: https://www.fonciere-atland.fr

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/17 22:26
End of Day Share Price2021/09/17 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.