Frey SA engages in developing, owning, and managing commercial real estate assets primarily located in France. More Details
Excellent balance sheet second-rate dividend payer.
Share Price & News
How has Frey's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FREY has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: FREY exceeded the French REITs industry which returned -39.4% over the past year.
Return vs Market: FREY underperformed the French Market which returned -10.7% over the past year.
Price Volatility Vs. Market
How volatile is Frey's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 months ago | Simply Wall StShareholders Of Frey (EPA:FREY) Must Be Happy With Their 33% Return
5 months ago | Simply Wall StDoes Frey SA's (EPA:FREY) CEO Salary Reflect Performance?
7 months ago | Simply Wall StRead This Before Judging Frey SA's (EPA:FREY) ROE
Is Frey 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: FREY (€28.8) is trading above our estimate of fair value (€27.1)
Significantly Below Fair Value: FREY is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FREY is poor value based on its PE Ratio (20.8x) compared to the FR REITs industry average (7.4x).
PE vs Market: FREY is poor value based on its PE Ratio (20.8x) compared to the French market (16.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FREY's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FREY is overvalued based on its PB Ratio (1x) compared to the FR REITs industry average (0.6x).
How is Frey forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Frey 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.
- Examine Frey's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Frey competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
How has Frey performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FREY has a large one-off gain of €26.5M impacting its June 30 2020 financial results.
Growing Profit Margin: FREY's current net profit margins (36.9%) are lower than last year (55.1%).
Past Earnings Growth Analysis
Earnings Trend: FREY's earnings have grown by 14.4% per year over the past 5 years.
Accelerating Growth: FREY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FREY had negative earnings growth (-11.5%) over the past year, making it difficult to compare to the REITs industry average (13.2%).
Return on Equity
High ROE: FREY's Return on Equity (5.4%) is considered low.
How is Frey's financial position?
Financial Position Analysis
Short Term Liabilities: FREY's short term assets (€248.7M) exceed its short term liabilities (€118.9M).
Long Term Liabilities: FREY's short term assets (€248.7M) do not cover its long term liabilities (€557.7M).
Debt to Equity History and Analysis
Debt Level: FREY is debt free.
Reducing Debt: FREY has no debt compared to 5 years ago when its debt to equity ratio was 140.7%.
Debt Coverage: FREY has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: FREY has no debt, therefore coverage of interest payments is not a concern.
What is Frey current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FREY's dividend (5.21%) is higher than the bottom 25% of dividend payers in the French market (1.56%).
High Dividend: FREY's dividend (5.21%) is low compared to the top 25% of dividend payers in the French market (5.27%).
Stability and Growth of Payments
Stable Dividend: FREY's dividends per share have been stable in the past 10 years.
Growing Dividend: FREY's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (104%), FREY'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 board tenure
Antoine Frey (46 yo)
Mr. Antoine Frey has been the Chairman and Chief Executive Officer at Frey SA since June 24, 2013. Mr. Frey serves as the President of SASU FREY AMENAGEMENT ET PROMOTION ; SAS FIDELTASUN ; SAS PAI 01 (on ...
CEO Compensation Analysis
Compensation vs Market: Antoine's total compensation ($USD0.00) is below average for companies of similar size in the French market ($USD700.67K).
Compensation vs Earnings: Antoine's compensation has been consistent with company performance over the past year.
|Chairman & CEO||7.25yrs||€604.55k||no data|
|Non-Voting Director||no data||€4.50k||no data|
|Independent Director||3.33yrs||€11.00k||no data|
|Independent Director||3.33yrs||€8.25k||no data|
|Non-Voting Director||no data||€3.50k||no data|
|Independent Director||0.75yr||no data||no data|
|Independent Director||0.75yr||no data||no data|
Experienced Board: FREY's board of directors are considered experienced (7.3 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 been diluted in the past year, with total shares outstanding growing by 31.3%.
Frey SA's company bio, employee growth, exchange listings and data sources
- Name: Frey SA
- Ticker: FREY
- Exchange: ENXTPA
- Founded: 1983
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: €696.162m
- Shares outstanding: 24.17m
- Website: https://www.frey.fr
Number of Employees
- Frey SA
- 29 Rue des Pyramides
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FREY||ENXTPA (Euronext Paris)||Yes||Ordinary Shares||FR||EUR||Apr 2008|
|FREYP||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Apr 2008|
|0M2X||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Apr 2008|
Frey SA engages in developing, owning, and managing commercial real estate assets primarily located in France. The company primarily operates environmental retail parks. As of December 31, 2010, its assets ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/27 02:57|
|End of Day Share Price||2020/09/25 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.