Leader in the prime segment of the Parisian commercial real estate market, Société Foncière Lyonnaise stands out for the quality of its property portfolio, which is valued at €7.2 billion and is focused on the Central Business District of Paris (#cloud.paris, Edouard VII, Washington Plaza, etc.), and for the quality of its client portfolio, which is composed of prestigious companies in the consulting, media, digital, luxury, finance and insurance sectors. More Details
+ 1 more risk
Mediocre balance sheet with acceptable track record.
Share Price & News
How has Société Foncière Lyonnaise's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FLY's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: FLY exceeded the French REITs industry which returned -35.6% over the past year.
Return vs Market: FLY underperformed the French Market which returned -8% over the past year.
Price Volatility Vs. Market
How volatile is Société Foncière Lyonnaise's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StDo Institutions Own Société Foncière Lyonnaise SA (EPA:FLY) Shares?
4 months ago | Simply Wall StCould Société Foncière Lyonnaise SA's (EPA:FLY) Investor Composition Influence The Stock Price?
1 year ago | Simply Wall StInvesting In Société Foncière Lyonnaise (EPA:FLY): What You Need To Know
Is Société Foncière Lyonnaise undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FLY (€57.2) is trading above our estimate of fair value (€51.88)
Significantly Below Fair Value: FLY is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FLY is good value based on its PE Ratio (5.9x) compared to the FR REITs industry average (7.7x).
PE vs Market: FLY is good value based on its PE Ratio (5.9x) compared to the French market (17x).
Price to Earnings Growth Ratio
PEG Ratio: FLY's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: FLY's PB Ratio (0.6x) is in line with the FR REITs industry average.
How is Société Foncière Lyonnaise forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FLY's earnings are forecast to decline over the next 3 years (-35.6% per year).
Earnings vs Market: FLY's earnings are forecast to decline over the next 3 years (-35.6% per year).
High Growth Earnings: FLY's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FLY's revenue (1.5% per year) is forecast to grow slower than the French market (6.7% per year).
High Growth Revenue: FLY's revenue (1.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if FLY's Return on Equity is forecast to be high in 3 years time
How has Société Foncière Lyonnaise performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FLY has a large one-off gain of €335.2M impacting its June 30 2020 financial results.
Growing Profit Margin: FLY's current net profit margins are higher than last year .
Past Earnings Growth Analysis
Earnings Trend: FLY's earnings have grown by 0.5% per year over the past 5 years.
Accelerating Growth: FLY's earnings growth over the past year (10.8%) exceeds its 5-year average (0.5% per year).
Earnings vs Industry: FLY earnings growth over the past year (10.8%) underperformed the REITs industry 13.2%.
Return on Equity
High ROE: FLY's Return on Equity (9.4%) is considered low.
How is Société Foncière Lyonnaise's financial position?
Financial Position Analysis
Short Term Liabilities: FLY's short term assets (€370.3M) exceed its short term liabilities (€355.0M).
Long Term Liabilities: FLY's short term assets (€370.3M) do not cover its long term liabilities (€2.2B).
Debt to Equity History and Analysis
Debt Level: FLY's debt to equity ratio (43.8%) is considered high.
Reducing Debt: FLY's debt to equity ratio has reduced from 66% to 43.8% over the past 5 years.
Debt Coverage: FLY's debt is not well covered by operating cash flow (5.4%).
Interest Coverage: FLY's interest payments on its debt are well covered by EBIT (5.8x coverage).
What is Société Foncière Lyonnaise current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FLY's dividend (4.63%) is higher than the bottom 25% of dividend payers in the French market (1.54%).
High Dividend: FLY's dividend (4.63%) is low compared to the top 25% of dividend payers in the French market (5.05%).
Stability and Growth of Payments
Stable Dividend: FLY's dividend payments have been volatile in the past 10 years.
Growing Dividend: FLY's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (103.5%), FLY's dividend payments are not 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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Nicolas Reynaud (58 yo)
Mr. Nicolas Reynaud has been the Chief Executive Officer at Societe Fonciere Lyonnaise since January 27, 2015. Mr. Reynaud served as Chief Financial Officer and Managing Director of Societe Fonciere Lyonna ...
CEO Compensation Analysis
Compensation vs Market: Nicolas's total compensation ($USD1.61M) is about average for companies of similar size in the French market ($USD1.62M).
Compensation vs Earnings: Nicolas's compensation has been consistent with company performance over the past year.
|Chief Executive Officer||5.67yrs||€1.36m||no data|
|MD & COO||9.67yrs||€1.04m||no data|
|Chief Financial Officer||5.67yrs||no data||no data|
|Deputy Managing Director of Asset Management & Investments||4.67yrs||no data||no data|
|Technical & Development Director||6.67yrs||no data||no data|
|Chief Information Officer||2.58yrs||no data||no data|
|Legal Director||0.67yr||no data||no data|
|Human Resources Director||17.67yrs||no data||no data|
|Secretary General & Secretary to the Board||9.67yrs||€126.50k||no data|
Experienced Management: FLY's management team is seasoned and experienced (5.7 years average tenure).
|Chairman of the Board||10.67yrs||€370.00k||0.044% |
|Independent Honorary Chairman||no data||€67.00k||0.00022% |
|Honorary Chairman||no data||no data||no data|
|Honorary Chairman||18.67yrs||€24.00k||no data|
|Vice-Chairman||no data||€60.00k||0.011% |
|Director||16.67yrs||no data||0.000050% |
|Director||6.67yrs||no data||0.000060% |
Experienced Board: FLY's board of directors are seasoned and experienced ( 10.7 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Société Foncière Lyonnaise SA's company bio, employee growth, exchange listings and data sources
- Name: Société Foncière Lyonnaise SA
- Ticker: FLY
- Exchange: ENXTPA
- Founded: 1879
- Industry: Office REITs
- Sector: Real Estate
- Market Cap: €2.651b
- Shares outstanding: 46.35m
- Website: https://www.fonciere-lyonnaise.com
Number of Employees
- Société Foncière Lyonnaise SA
- 42, rue Washington
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FLY||ENXTPA (Euronext Paris)||Yes||Ordinary Shares||FR||EUR||Jan 1992|
|0IXY||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jan 1992|
|FLYP||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Jan 1992|
Leader in the prime segment of the Parisian commercial real estate market, Société Foncière Lyonnaise stands out for the quality of its property portfolio, which is valued at €7.2 billion and is focused on ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/22 03:51|
|End of Day Share Price||2020/09/21 00:00|
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.