GFC Stock Overview
Gecina operates innovative and sustainable living spaces.
Price History & Performance
|Historical stock prices|
|Current Share Price||€119.70|
|52 Week High||€138.35|
|52 Week Low||€111.10|
|1 Month Change||-1.12%|
|3 Month Change||-9.35%|
|1 Year Change||-5.82%|
|3 Year Change||-3.08%|
|5 Year Change||-2.13%|
|Change since IPO||400.31%|
Recent News & Updates
|GFC||FR REITs||FR Market|
Return vs Industry: GFC underperformed the French REITs industry which returned 4.2% over the past year.
Return vs Market: GFC underperformed the French Market which returned 21.5% over the past year.
|GFC Average Weekly Movement||2.6%|
|REITs Industry Average Movement||3.3%|
|Market Average Movement||4.6%|
|10% most volatile stocks in FR Market||9.3%|
|10% least volatile stocks in FR Market||2.6%|
Stable Share Price: GFC is less volatile than 75% of French stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: GFC's weekly volatility (3%) has been stable over the past year.
About the Company
Gecina operates innovative and sustainable living spaces. The Group owns, manages and develops Europe’s leading office portfolio, with nearly 97% located in the Paris Region, and a portfolio of residential assets and student residences, with over 9,000 apartments. These portfolios are valued at 20 billion euros at end-June 2020.
Gecina Fundamentals Summary
|GFC fundamental statistics|
Is GFC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GFC income statement (TTM)|
|Cost of Revenue||€178.56m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Feb 17, 2022
|Earnings per share (EPS)||2.70|
|Net Profit Margin||25.92%|
How did GFC perform over the long term?See historical performance and comparison
4.4%Current Dividend Yield
Is Gecina undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GFC (€119.7) is trading below our estimate of fair value (€212.88)
Significantly Below Fair Value: GFC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GFC is poor value based on its PE Ratio (44.4x) compared to the French REITs industry average (10.7x).
PE vs Market: GFC is poor value based on its PE Ratio (44.4x) compared to the French market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: GFC is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: GFC's PB Ratio (0.7x) is in line with the FR REITs industry average.
How is Gecina forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GFC's forecast earnings growth (33.5% per year) is above the savings rate (0.3%).
Earnings vs Market: GFC's earnings (33.5% per year) are forecast to grow faster than the French market (11.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: GFC's revenue (3.1% per year) is forecast to grow slower than the French market (6.5% per year).
High Growth Revenue: GFC's revenue (3.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GFC's Return on Equity is forecast to be low in 3 years time (6.1%).
How has Gecina performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GFC has a large one-off loss of €213.8M impacting its June 30 2021 financial results.
Growing Profit Margin: GFC's current net profit margins (25.9%) are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: GFC's earnings have declined by 19.5% per year over the past 5 years.
Accelerating Growth: GFC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GFC had negative earnings growth (-81%) over the past year, making it difficult to compare to the REITs industry average (3.1%).
Return on Equity
High ROE: GFC's Return on Equity (1.6%) is considered low.
How is Gecina's financial position?
Financial Position Analysis
Short Term Liabilities: GFC's short term assets (€1.4B) do not cover its short term liabilities (€3.0B).
Long Term Liabilities: GFC's short term assets (€1.4B) do not cover its long term liabilities (€5.4B).
Debt to Equity History and Analysis
Debt Level: GFC's net debt to equity ratio (56.8%) is considered high.
Reducing Debt: GFC's debt to equity ratio has increased from 58.8% to 61.4% over the past 5 years.
Debt Coverage: GFC's debt is not well covered by operating cash flow (6.4%).
Interest Coverage: GFC's interest payments on its debt are well covered by EBIT (5.4x coverage).
What is Gecina current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GFC's dividend (4.43%) is higher than the bottom 25% of dividend payers in the French market (1.33%).
High Dividend: GFC's dividend (4.43%) is in the top 25% of dividend payers in the French market (4.07%)
Stability and Growth of Payments
Stable Dividend: GFC's dividends per share have been stable in the past 10 years.
Growing Dividend: GFC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (76.9%), GFC's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GFC's dividends in 3 years are forecast to be covered by earnings (87.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Meka Brunel (65 yo)
Ms. Mahkameh Brunel, also known as Meka, has been the Chief Executive Officer of Gecina SA since January 6, 2017. Ms. Brunel serves as the President of Europe at Ivanhoé Cambridge, Inc. since 2009. Ms. Bru...
CEO Compensation Analysis
Compensation vs Market: Meka's total compensation ($USD1.84M) is below average for companies of similar size in the French market ($USD3.60M).
Compensation vs Earnings: Meka's compensation has been consistent with company performance over the past year.
Experienced Management: GFC's management team is considered experienced (3.1 years average tenure).
Experienced Board: GFC's board of directors are considered experienced (5.6 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.
Gecina SA's employee growth, exchange listings and data sources
- Name: Gecina SA
- Ticker: GFC
- Exchange: ENXTPA
- Founded: 1959
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: €8.824b
- Shares outstanding: 73.71m
- Website: https://www.gecina.fr
Number of Employees
- Gecina SA
- 16 rue des capucines
- cedex 02
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/11/28 18:51|
|End of Day Share Price||2021/11/26 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.