ENXTPA:SELER

Stock Analysis Report

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Executive Summary

Selectirente is a public real estate fund managed by Sofidy.


Snowflake Analysis

Proven track record with adequate balance sheet and pays a dividend.

Share Price & News

How has Selectirente's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SELER has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.6%

SELER

2.0%

FR REITs

3.1%

FR Market


1 Year Return

-4.2%

SELER

-21.1%

FR REITs

-7.2%

FR Market

Return vs Industry: SELER exceeded the French REITs industry which returned -22.4% over the past year.

Return vs Market: SELER exceeded the French Market which returned -8.7% over the past year.


Shareholder returns

SELERIndustryMarket
7 Day0.6%2.0%3.1%
30 Day-3.0%-9.7%-1.6%
90 Day2.6%-1.4%15.6%
1 Year0%-4.2%-15.6%-21.1%-5.4%-7.2%
3 Year22.1%7.4%-7.5%-23.1%12.8%3.4%
5 Year51.6%23.0%12.1%-17.0%28.6%11.2%

Price Volatility Vs. Market

How volatile is Selectirente's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

15x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SELER (€79.5) is trading above our estimate of fair value (€50.1)

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


Price To Earnings Ratio

PE vs Industry: SELER is poor value based on its PE Ratio (15x) compared to the REITs industry average (7.4x).

PE vs Market: SELER is poor value based on its PE Ratio (15x) compared to the French market (15x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SELER is overvalued based on its PB Ratio (1.1x) compared to the FR REITs industry average (0.8x).


Next Steps

Future Growth

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

-11.1%

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 Selectirente 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.


Next Steps

Past Performance

How has Selectirente performed over the past 5 years?

6.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SELER has a high level of non-cash earnings.

Growing Profit Margin: SELER's current net profit margins (50.5%) are higher than last year (26.2%).


Past Earnings Growth Analysis

Earnings Trend: SELER's earnings have grown by 6.4% per year over the past 5 years.

Accelerating Growth: SELER's earnings growth over the past year (109.4%) exceeds its 5-year average (6.4% per year).

Earnings vs Industry: SELER earnings growth over the past year (109.4%) exceeded the REITs industry 47.8%.


Return on Equity

High ROE: SELER's Return on Equity (2.9%) is considered low.


Next Steps

Financial Health

How is Selectirente's financial position?


Financial Position Analysis

Short Term Liabilities: SELER's short term assets (€201.2M) exceed its short term liabilities (€15.3M).

Long Term Liabilities: SELER's short term assets (€201.2M) exceed its long term liabilities (€126.5M).


Debt to Equity History and Analysis

Debt Level: SELER's debt to equity ratio (45.3%) is considered high.

Reducing Debt: SELER's debt to equity ratio has reduced from 154.2% to 45.3% over the past 5 years.

Debt Coverage: SELER's debt is not well covered by operating cash flow (6.8%).

Interest Coverage: SELER's interest payments on its debt are well covered by EBIT (4.6x coverage).


Balance Sheet


Next Steps

Dividend

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

4.40%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SELER's dividend (4.4%) is higher than the bottom 25% of dividend payers in the French market (1.68%).

High Dividend: SELER's dividend (4.4%) is low compared to the top 25% of dividend payers in the French market (4.87%).


Stability and Growth of Payments

Stable Dividend: SELER's dividends per share have been stable in the past 10 years.

Growing Dividend: SELER's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (56.3%), SELER's dividend payments are 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.


Next Steps

Management

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

1.3yrs

Average board tenure


CEO

Jerome Grumler

no data

Tenure

Mr. Jérôme Grumler has been the Chairman of Executive Board at Selectirente sine May 28, 2013. Mr. Grumler holds a post-graduate accounting and finance degree (DESCF), a master’s degree from the University ...


Board Members

NamePositionTenureCompensationOwnership
Cécile Mayer-Lévi
Member of Supervisory Board1.25yrsno datano data
Pierre Vaquier
Chairman of Supervisory Board1.25yrsno datano data
Frédéric Jariel
Member of Supervisory Board1.25yrsno datano data
Hubert Martinier
Vice Chairman of the Supervisory Board1.25yrsno datano data
Philippe Labouret
Member of Supervisory Board8.08yrsno data0.000020% 66.3
Vincent Fargant
Member of Supervisory Boardno datano datano data
Dominique Dudan
Member of Supervisory Board2.08yrsno datano data
Sylvie Marques
Member of Supervisory Board13.33yrsno datano data
Louis Molino
Member of Supervisory Boardno datano datano data
Marie Sardari
Member of Supervisory Board1.08yrsno datano data

1.3yrs

Average Tenure

65yo

Average Age

Experienced Board: SELER's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


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 substantially diluted in the past year, with total shares outstanding growing by 171%.


Top Shareholders

Company Information

Selectirente's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Selectirente
  • Ticker: SELER
  • Exchange: ENXTPA
  • Founded: 1997
  • Industry: Retail REITs
  • Sector: Real Estate
  • Market Cap: €331.453m
  • Shares outstanding: 4.17m
  • Website: https://www.selectirente.com

Location

  • Selectirente
  • 303 square des Champs Elysées
  • Evry
  • Ile-de-France
  • 91026
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SELERENXTPA (Euronext Paris)YesCommon SharesFREUROct 2006
0LPTLSE (London Stock Exchange)YesCommon SharesGBEUROct 2006

Biography

Selectirente is a public real estate fund managed by Sofidy. It invests in city center and suburb commercial properties, which should be located close to shopping malls. It primarily acquires properties in France. As of March 29, 2019, Selectirente operates as a subsidiary of Tikehau Capital. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/06 20:52
End of Day Share Price2020/07/06 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.