Galimmo (ENXTPA:GALIM) - Share price, News & Analysis

GALIM fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	1/6
Financial Health	3/6
Dividends	2/6

GALIM Stock Overview

Galimmo SCA operates as a real estate company in Europe.

Rewards

Became profitable this year

Risk Analysis

Earnings have declined by 56.1% per year over past 5 years

Dividend of 5.3% is not well covered by earnings or forecast to be in the next 3 years

Large one-off items impacting financial results

Shareholders have been diluted in the past year

Galimmo Competitors

Unibail-Rodamco-Westfield

ENXTAM:URW

€9.1b

Klépierre

ENXTPA:LI

€6.2b

MERLIN Properties SOCIMI

BME:MRL

€5.0b

Altarea

ENXTPA:ALTA

€3.0b

Price History & Performance

Summary of all time highs, changes and price drops for Galimmo
Historical stock prices
Current Share Price	€13.20
52 Week High	€17.00
52 Week Low	€13.10
Beta	0.071
1 Month Change	-1.49%
3 Month Change	-15.92%
1 Year Change	-14.84%
3 Year Change	-29.41%
5 Year Change	-40.03%
Change since IPO	10.80%

Recent News & Updates

May 03

Are Dividend Investors Getting More Than They Bargained For With Galimmo SCA's (EPA:GALIM) Dividend?

Dividend paying stocks like Galimmo SCA ( EPA:GALIM ) tend to be popular with investors, and for good reason - some...

Mar 22

These 4 Measures Indicate That Galimmo (EPA:GALIM) Is Using Debt Extensively

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

	GALIM	FR Real Estate	FR Market
7D	-1.5%	-4.9%	-2.9%
1Y	-14.8%	-13.9%	-6.3%

Return vs Industry: GALIM underperformed the French Real Estate industry which returned -12% over the past year.

Return vs Market: GALIM exceeded the French Market which returned -18.8% over the past year.

Price Volatility

Is GALIM's price volatile compared to industry and market?
GALIM volatility
GALIM Average Weekly Movement	3.0%
Real Estate Industry Average Movement	4.8%
Market Average Movement	6.0%
10% most volatile stocks in FR Market	10.1%
10% least volatile stocks in FR Market	3.5%

Stable Share Price: GALIM is less volatile than 75% of French stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: GALIM's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1902	45	Eric Ravoire	https://www.galimmo-sca.com

Galimmo SCA operates as a real estate company in Europe. As of December 31, 2020, it owned and managed 56 shopping malls. Galimmo SCA was formerly known as C&Co SCA and changed its name to Galimmo SCA in September 2016.

Galimmo Fundamentals Summary

How do Galimmo's earnings and revenue compare to its market cap?
GALIM fundamental statistics
Market Cap	€403.25m
Earnings (TTM)	€4.37m
Revenue (TTM)	€44.38m

92.3x

P/E Ratio

9.1x

P/S Ratio

Is GALIM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
GALIM income statement (TTM)
Revenue	€44.38m
Cost of Revenue	€8.53m
Gross Profit	€35.85m
Other Expenses	€31.48m
Earnings	€4.37m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.14
Gross Margin	80.77%
Net Profit Margin	9.84%
Debt/Equity Ratio	42.5%

How did GALIM perform over the long term?

See historical performance and comparison

Dividends

5.3%

Current Dividend Yield

480%

Payout Ratio

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

92.32x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: GALIM (€13.2) is trading above our estimate of fair value (€10.9)

Significantly Below Fair Value: GALIM is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: GALIM is poor value based on its Price-To-Earnings Ratio (92.3x) compared to the French Real Estate industry average (10.5x).

PE vs Market: GALIM is poor value based on its Price-To-Earnings Ratio (92.3x) compared to the French market (16.1x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: GALIM's Price-To-Book Ratio (0.9x) is in line with the FR Real Estate industry average.

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

-10.7%

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 Galimmo 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 Galimmo performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-56.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GALIM has a large one-off loss of €17.3M impacting its December 31 2021 financial results.

Growing Profit Margin: GALIM became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: GALIM's earnings have declined by 56.1% per year over the past 5 years.

Accelerating Growth: GALIM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: GALIM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (18.5%).

Return on Equity

High ROE: GALIM's Return on Equity (0.9%) is considered low.

Financial Health

How is Galimmo's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: GALIM's short term assets (€81.1M) exceed its short term liabilities (€33.3M).

Long Term Liabilities: GALIM's short term assets (€81.1M) do not cover its long term liabilities (€330.5M).

Debt to Equity History and Analysis

Debt Level: GALIM's net debt to equity ratio (32%) is considered satisfactory.

Reducing Debt: GALIM's debt to equity ratio has increased from 28.9% to 42.5% over the past 5 years.

Debt Coverage: GALIM's debt is not well covered by operating cash flow (11.2%).

Interest Coverage: GALIM's interest payments on its debt are well covered by EBIT (16.2x coverage).

Balance Sheet

Dividend

What is Galimmo current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

5.30%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: GALIM's dividend (5.3%) is higher than the bottom 25% of dividend payers in the French market (1.72%).

High Dividend: GALIM's dividend (5.3%) is in the top 25% of dividend payers in the French market (4.96%)

Stability and Growth of Payments

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

Growing Dividend: GALIM has only been paying a dividend for 5 years, and since then payments have fallen.

Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (479.7%), GALIM's dividend payments are not well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: GALIM is paying a dividend but the company has no free cash flows.

Discover strong dividend paying companies

Management

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

4.9yrs

Average board tenure

CEO

Eric Ravoire (48 yo)

0.25

Tenure

Mr. Eric Ravoire has been President of Galimmo Services France, manager of Galimmo SCA since February 28, 2022. Mr. Ravoire served as Deputy Managing Director of Galimmo Services France, manager of Galimmo...

Board Members

Experienced Board: GALIM's board of directors are considered experienced (4.9 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 diluted in the past year, with total shares outstanding growing by 4.7%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/24 00:00
End of Day Share Price	2022/05/24 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31