FLY Stock Overview
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.
Société Foncière Lyonnaise Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||€84.20|
|52 Week High||€91.60|
|52 Week Low||€71.60|
|1 Month Change||1.94%|
|3 Month Change||1.94%|
|1 Year Change||15.34%|
|3 Year Change||23.82%|
|5 Year Change||51.85%|
|Change since IPO||274.42%|
Recent News & Updates
|FLY||FR REITs||FR Market|
Return vs Industry: FLY exceeded the French REITs industry which returned -24% over the past year.
Return vs Market: FLY exceeded the French Market which returned -13.4% over the past year.
|FLY Average Weekly Movement||1.8%|
|REITs Industry Average Movement||4.1%|
|Market Average Movement||4.9%|
|10% most volatile stocks in FR Market||9.2%|
|10% least volatile stocks in FR Market||2.8%|
Stable Share Price: FLY is less volatile than 75% of French stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: FLY's weekly volatility (2%) has been stable over the past year.
About the Company
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. As France’s oldest property company, SFL demonstrates year after year an unwavering commitment to its strategy focused on creating a high value in use for users and, ultimately, substantial appraisal values for its properties. Société Foncière Lyonnaise SA operates as a subsidiary of Inmobiliaria Colonial, SOCIMI, S.A.
Société Foncière Lyonnaise Fundamentals Summary
|FLY fundamental statistics|
Is FLY overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FLY income statement (TTM)|
|Cost of Revenue||€41.16m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||9.69|
|Net Profit Margin||185.64%|
How did FLY perform over the long term?See historical performance and comparison
5.0%Current Dividend Yield
Is FLY undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 1/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for FLY?
Other financial metrics that can be useful for relative valuation.
|What is FLY's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does FLY's PE Ratio compare to its peers?
|FLY PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
INEA Fonciere Inea
FLY Société Foncière Lyonnaise
Price-To-Earnings vs Peers: FLY is expensive based on its Price-To-Earnings Ratio (8.7x) compared to the peer average (5.7x).
Price to Earnings Ratio vs Industry
How does FLY's PE Ratio compare vs other companies in the FR REITs Industry?
Price-To-Earnings vs Industry: FLY is expensive based on its Price-To-Earnings Ratio (8.7x) compared to the French REITs industry average (6.7x)
Price to Earnings Ratio vs Fair Ratio
What is FLY's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||8.7x|
|Fair PE Ratio||9.5x|
Price-To-Earnings vs Fair Ratio: FLY is good value based on its Price-To-Earnings Ratio (8.7x) compared to the estimated Fair Price-To-Earnings Ratio (9.5x).
Share Price vs Fair Value
What is the Fair Price of FLY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: FLY (€84.2) is trading above our estimate of fair value (€72.27)
Significantly Below Fair Value: FLY is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is Société Foncière Lyonnaise forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 (-18.2% per year).
Earnings vs Market: FLY's earnings are forecast to decline over the next 3 years (-18.2% per year).
High Growth Earnings: FLY's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FLY's revenue (5.1% per year) is forecast to grow slower than the French market (5.3% per year).
High Growth Revenue: FLY's revenue (5.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FLY's Return on Equity is forecast to be low in 3 years time (2.5%).
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How has Société Foncière Lyonnaise performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FLY has a large one-off gain of €403.3M impacting its June 30 2022 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 declined by 14% per year over the past 5 years.
Accelerating Growth: FLY's earnings growth over the past year (52.5%) exceeds its 5-year average (-14% per year).
Earnings vs Industry: FLY earnings growth over the past year (52.5%) underperformed the REITs industry 78.8%.
Return on Equity
High ROE: FLY's Return on Equity (9.4%) is considered low.
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How is Société Foncière Lyonnaise's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: FLY's short term assets (€208.4M) do not cover its short term liabilities (€900.9M).
Long Term Liabilities: FLY's short term assets (€208.4M) do not cover its long term liabilities (€2.1B).
Debt to Equity History and Analysis
Debt Level: FLY's net debt to equity ratio (44.2%) is considered high.
Reducing Debt: FLY's debt to equity ratio has reduced from 53% to 47.1% over the past 5 years.
Debt Coverage: FLY's debt is not well covered by operating cash flow (5%).
Interest Coverage: FLY's interest payments on its debt are well covered by EBIT (6.5x coverage).
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What is Société Foncière Lyonnaise current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Société Foncière Lyonnaise Dividend Yield vs Market|
|Company (Société Foncière Lyonnaise)||5.0%|
|Market Bottom 25% (FR)||2.0%|
|Market Top 25% (FR)||6.1%|
|Industry Average (REITs)||7.3%|
|Analyst forecast in 3 Years (Société Foncière Lyonnaise)||3.7%|
Notable Dividend: FLY's dividend (4.99%) is higher than the bottom 25% of dividend payers in the French market (2.04%).
High Dividend: FLY's dividend (4.99%) is low compared to the top 25% of dividend payers in the French market (6.13%).
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.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (137.3%), FLY's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (138.2%), FLY's dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dimitri Boulte (45 yo)
Mr. Dimitri Boulte serves as Chief Executive Officer of Soci?t? Fonci re Lyonnaise since July 1, 2022.He had been Chief Operating Officer of Soci?t? Fonci re Lyonnaise (formerly known as Societe Fonciere...
CEO Compensation Analysis
|Dimitri Boulte's Compensation vs Société Foncière Lyonnaise Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||€1m||€333k|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||€1m||€332k|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||€1m||€291k|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||n/a||n/a|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||€939k||€271k|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||n/a||n/a|
|Mar 31 2018||n/a||n/a|
|Dec 31 2017||€728k||€250k|
|Sep 30 2017||n/a||n/a|
|Jun 30 2017||n/a||n/a|
|Mar 31 2017||n/a||n/a|
|Dec 31 2016||€717k||€230k|
|Sep 30 2016||n/a||n/a|
|Jun 30 2016||n/a||n/a|
|Mar 31 2016||n/a||n/a|
|Dec 31 2015||€479k||€208k|
Compensation vs Market: Dimitri's total compensation ($USD1.13M) is below average for companies of similar size in the French market ($USD2.05M).
Compensation vs Earnings: Dimitri's compensation has been consistent with company performance over the past year.
Experienced Management: FLY's management team is seasoned and experienced (6.7 years average tenure).
Experienced Board: FLY's board of directors are seasoned and experienced ( 13.2 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.
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Société Foncière Lyonnaise's employee growth, exchange listings and data sources
- Name: Société Foncière Lyonnaise
- Ticker: FLY
- Exchange: ENXTPA
- Founded: 1879
- Industry: Office REITs
- Sector: Real Estate
- Implied Market Cap: €3.605b
- Shares outstanding: 42.82m
- Website: https://www.fonciere-lyonnaise.com
Number of Employees
- Société Foncière Lyonnaise
- 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|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/30 00:00|
|End of Day Share Price||2022/09/30 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.