ENXTPA:TER

Stock Analysis Report

Executive Summary

TERREÏS is a real estate company where the assets consist of offices and retail premises that are primarily located in Paris.

Snowflake

Fundamentals

Established dividend payer with proven track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

TER

1.2%

FR REITs

-0.4%

FR Market


1 Year Return

-12.6%

TER

11.0%

FR REITs

9.5%

FR Market

Return vs Industry: TER underperformed the French REITs industry which returned 11% over the past year.

Return vs Market: TER underperformed the French Market which returned 9.5% over the past year.


Shareholder returns

TERIndustryMarket
7 Day0%1.2%-0.4%
30 Day0.3%4.3%-1.0%
90 Day0.3%8.9%-0.2%
1 Year54.4%-12.6%18.2%11.0%13.3%9.5%
3 Year81.5%-1.4%28.7%8.1%42.5%28.7%
5 Year160.3%34.2%72.2%29.6%71.0%45.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

24.79x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TER (€34.62) is trading above our estimate of fair value (€2.24)

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


Price To Earnings Ratio

PE vs Industry: TER is poor value based on its PE Ratio (24.8x) compared to the REITs industry average (10x).

PE vs Market: TER is poor value based on its PE Ratio (24.8x) compared to the French market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: TER's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: TER is overvalued based on its PB Ratio (3.3x) compared to the FR REITs industry average (1x).


Next Steps

Future Growth

How is TERREÏS forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-64.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TER's earnings are forecast to decline over the next 3 years (-64% per year).

Earnings vs Market: TER's earnings are forecast to decline over the next 3 years (-64% per year).

High Growth Earnings: TER's earnings are forecast to decline over the next 3 years.

Revenue vs Market: TER's revenue is expected to decline over the next 3 years (-55.8% per year).

High Growth Revenue: TER's revenue is forecast to decline over the next 3 years (-55.8% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TER's Return on Equity is forecast to be low in 3 years time (1%).


Next Steps

Past Performance

How has TERREÏS performed over the past 5 years?

2.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: TER's earnings have grown by 2.7% per year over the past 5 years.

Accelerating Growth: TER's earnings growth over the past year (14.6%) exceeds its 5-year average (2.7% per year).

Earnings vs Industry: TER earnings growth over the past year (14.6%) exceeded the REITs industry 14.1%.


Return on Equity

High ROE: TER's Return on Equity (13.7%) is considered low.


Return on Assets

ROA vs Industry: TER has a higher Return on Assets than the REITs industry average last year.


Return on Capital Employed

ROCE Improving: TER's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is TERREÏS's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: TER has a high level of physical assets or inventory.

Debt Coverage by Assets: TER's debt is covered by short term assets (assets are 1.084630x debt).


Financial Institutions Analysis

Asset Level: TER's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if TER has a sufficient allowance for bad loans.

Low Risk Liabilities: TER reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if TER has an acceptable proportion of non-loan assets held.

Low Risk Deposits: TER has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if TER has an appropriate level of bad loans.


Next Steps

Dividend

What is TERREÏS's current dividend yield, its reliability and sustainability?

4.39%

Current Dividend Yield


Dividend Yield vs Market

company4.4%marketbottom25%1.5%markettop25%4.7%industryaverage5.1%forecastin3Years24.9%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: TER's dividend (4.39%) is higher than the bottom 25% of dividend payers in the French market (1.54%).

High Dividend: TER's dividend (4.39%) is low compared to the top 25% of dividend payers in the French market (4.73%).

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (34.1%), TER's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TER's dividends in 3 years are forecast to be thoroughly covered by earnings (2.7% payout ratio).


Next Steps

Management

What is the CEO of TERREÏS's salary, the management and board of directors tenure and is there insider trading?

9.4yrs

Average management tenure


CEO

Fabrice Paget-Domet 0

12.1yrs

Tenure

€154,993

Compensation

Mr. Fabrice Paget-Domet is Chief Executive Officer and Director of Terreïs. He was Founding chairman of Intégrale Math from 1994 to 1998 and Immobytel.com from 1998 to 2002. In 2002 joined the Foncia Group ...


CEO Compensation Analysis

Compensation vs. Market: Fabrice's total compensation ($USD170.81K) is below average for companies of similar size in the French market ($USD673.45K).

Compensation vs Earnings: Fabrice's compensation has been consistent with company performance over the past year.


Management Age and Tenure

9.4yrs

Average Tenure

Experienced Management: TER's management team is seasoned and experienced (9.4 years average tenure).


Board Age and Tenure

5.5yrs

Average Tenure

Experienced Board: TER's board of directors are considered experienced (5.5 years average tenure).


Insider Trading

Insider Buying: TER insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buy€1,240,60810 Oct 19
Jacky Lorenzetti
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares35,835
Max Price€34.62
Buy€2,625,30409 Oct 19
Jacky Lorenzetti
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares75,832
Max Price€34.62
Buy€1,445,31608 Oct 19
Jacky Lorenzetti
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares41,748
Max Price€34.62
Buy€152,70907 Oct 19
Jacky Lorenzetti
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares4,411
Max Price€34.62
Buy€113,48403 Oct 19
Jacky Lorenzetti
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares3,278
Max Price€34.62
Buy€160,67103 Oct 19
Jacky Lorenzetti
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares4,641
Max Price€34.62
Buy€1,080,62902 Oct 19
Jacky Lorenzetti
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares31,214
Max Price€34.62
Buy€101,95601 Oct 19
Jacky Lorenzetti
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares2,945
Max Price€34.62
Buy€32,23130 Sep 19
Jacky Lorenzetti
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares931
Max Price€34.62
Buy€156,44827 Sep 19
Jacky Lorenzetti
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares4,519
Max Price€34.62
Buy€22,52815 Jul 19
CM-CIC Asset Management Société anonyme
EntityCompany
Shares653
Max Price€34.50
Buy€41,22812 Jul 19
CM-CIC Asset Management Société anonyme
EntityCompany
Shares1,195
Max Price€34.50
Buy€81,34101 Jul 19
CM-CIC Asset Management Société anonyme
EntityCompany
Shares1,374
Max Price€59.20
Buy€5,600,43928 Jun 19
CM-CIC Asset Management Société anonyme
EntityCompany
Shares94,645
Max Price€59.17
Buy€3,065,06526 Jun 19
CM-CIC Asset Management Société anonyme
EntityCompany
Shares52,475
Max Price€58.41
Buy€18,212,39025 Jun 19
CM-CIC Asset Management Société anonyme
EntityCompany
Shares311,856
Max Price€58.40
Buy€582,00024 Jun 19
CM-CIC Asset Management Société anonyme
EntityCompany
Shares10,000
Max Price€58.20
Buy€1,460,00021 Jun 19
CM-CIC Asset Management Société anonyme
EntityCompany
Shares25,000
Max Price€58.40
Buy€1,460,00020 Jun 19
CM-CIC Asset Management Société anonyme
EntityCompany
Shares25,000
Max Price€58.40
Buy€1,460,00019 Jun 19
CM-CIC Asset Management Société anonyme
EntityCompany
Shares25,000
Max Price€58.40
Buy€1,460,00018 Jun 19
CM-CIC Asset Management Société anonyme
EntityCompany
Shares25,000
Max Price€58.40
Buy€1,467,55614 Jun 19
CM-CIC Asset Management Société anonyme
EntityCompany
Shares25,095
Max Price€58.48
Buy€10,073,38112 Jun 19
CM-CIC Asset Management Société anonyme
EntityCompany
Shares171,491
Max Price€58.74
Buy€15,151,50011 Jun 19
CM-CIC Asset Management Société anonyme
EntityCompany
Shares259,000
Max Price€58.50
Buy€2,159,81106 Jun 19
CM-CIC Asset Management Société anonyme
EntityCompany
Shares37,296
Max Price€57.91
Buy€8,585,33803 Jun 19
CM-CIC Asset Management Société anonyme
EntityCompany
Shares149,051
Max Price€57.60
Buy€2,587,50029 May 19
CM-CIC Asset Management Société anonyme
EntityCompany
Shares45,000
Max Price€57.50
Sell€14,968,06029 May 19
AXA Investment Managers S.A.
EntityCompany
Shares262,000
Max Price€57.13
Buy€11,993,10028 May 19
CM-CIC Asset Management Société anonyme
EntityCompany
Shares210,000
Max Price€57.11
Sell€13,777,98722 May 19
DNCA Finance
EntityCompany
Shares242,998
Max Price€56.70
Sell€16,088,21420 May 19
DNCA Finance
EntityCompany
Shares282,002
Max Price€57.05
Sell€9,058,17320 May 19
AXA Investment Managers S.A.
EntityCompany
Shares158,637
Max Price€57.10
Sell€1,425,00017 May 19
AXA Investment Managers S.A.
EntityCompany
Shares25,000
Max Price€57.00
Sell€34115 May 19
AXA Investment Managers S.A.
EntityCompany
Shares6
Max Price€56.80
Sell€1,425,00015 May 19
AXA Investment Managers S.A.
EntityCompany
Shares25,000
Max Price€57.00
Sell€2,569,50009 May 19
DNCA Finance
EntityCompany
Shares45,000
Max Price€57.10
Sell€12,918,35809 May 19
AXA Investment Managers S.A.
EntityCompany
Shares226,426
Max Price€57.10
Sell€3,026,30007 May 19
DNCA Finance
EntityCompany
Shares53,000
Max Price€57.10
Sell€390,56206 May 19
AXA Investment Managers S.A.
EntityCompany
Shares6,828
Max Price€57.20
Sell€18,47602 May 19
AXA Investment Managers S.A.
EntityCompany
Shares323
Max Price€57.20
Sell€6,395,20002 May 19
DNCA Finance
EntityCompany
Shares112,000
Max Price€57.10
Sell€973,78830 Apr 19
AXA Investment Managers S.A.
EntityCompany
Shares17,084
Max Price€57.00
Sell€5,420,15030 Apr 19
DNCA Finance
EntityCompany
Shares95,224
Max Price€56.92
Sell€4,501,96829 Apr 19
DNCA Finance
EntityCompany
Shares79,260
Max Price€56.80
Sell€11426 Apr 19
AXA Investment Managers S.A.
EntityCompany
Shares2
Max Price€57.00
Sell€2,835,00026 Apr 19
DNCA Finance
EntityCompany
Shares50,000
Max Price€56.70
Sell€3,288,60017 Apr 19
DNCA Finance
EntityCompany
Shares58,000
Max Price€56.70
Sell€1,701,00016 Apr 19
DNCA Finance
EntityCompany
Shares30,000
Max Price€56.70
Sell€11,340,00005 Apr 19
DNCA Finance
EntityCompany
Shares200,000
Max Price€56.70
Sell€909,19802 Apr 19
DNCA Finance
EntityCompany
Shares16,007
Max Price€56.80
Sell€219,79201 Apr 19
AXA Investment Managers S.A.
EntityCompany
Shares3,856
Max Price€57.00
Sell€1,692,00028 Mar 19
AXA Investment Managers S.A.
EntityCompany
Shares30,000
Max Price€56.40
Sell€81,79512 Mar 19
AXA Investment Managers S.A.
EntityCompany
Shares1,435
Max Price€57.00
Sell€10,260,00011 Mar 19
DNCA Finance
EntityCompany
Shares180,000
Max Price€57.00
Sell€383,26808 Mar 19
AXA Investment Managers S.A.
EntityCompany
Shares6,724
Max Price€57.00
Sell€2,791,46107 Mar 19
AXA Investment Managers S.A.
EntityCompany
Shares48,973
Max Price€57.00
Sell€13,859,67401 Mar 19
DNCA Finance
EntityCompany
Shares242,302
Max Price€57.20
Sell€58,53901 Mar 19
AXA Investment Managers S.A.
EntityCompany
Shares1,027
Max Price€57.00
Sell€332,88101 Mar 19
DNCA Finance
EntityCompany
Shares6,207
Max Price€53.63
Buy€17,446,37227 Feb 19
DNCA Finance
EntityCompany
Shares302,941
Max Price€57.59
Buy€1,898,34925 Feb 19
DNCA Finance
EntityCompany
Shares33,130
Max Price€57.30
Buy€3,157,00022 Feb 19
DNCA Finance
EntityCompany
Shares55,000
Max Price€57.40
Buy€287,00022 Feb 19
AXA Investment Managers S.A.
EntityCompany
Shares5,000
Max Price€57.40
Buy€5,740,00021 Feb 19
DNCA Finance
EntityCompany
Shares100,000
Max Price€57.40
Buy€7,063,80021 Feb 19
AXA Investment Managers S.A.
EntityCompany
Shares122,000
Max Price€57.90
Buy€12,384,00020 Feb 19
DNCA Finance
EntityCompany
Shares215,000
Max Price€57.60
Buy€22,140,72019 Feb 19
DNCA Finance
EntityCompany
Shares382,000
Max Price€57.96
Buy€34,749,48119 Feb 19
DNCA Finance
EntityCompany
Shares600,000
Max Price€58.05

Ownership Breakdown


Management Team

  • Fabrice Paget-Domet

    CEO & Director

    • Tenure: 12.1yrs
    • Compensation: €154.99k
  • Nathalie Delsarte

    Head of Portfolio

    • Tenure: 13.8yrs
  • Olivier Froc

    Permanent Representative Director of Ovalto Investissement

    • Tenure: 13.8yrs
    • Compensation: €60.00k
  • Coraline Paget-Domet

    Chief Executive Officer of TERREÏS REAL ESTATE (Asset management)

    • Tenure: 1.5yrs

Board Members

  • Jacky Lorenzetti

    Chairman of the Board

    • Tenure: 13.1yrs
    • Compensation: €180.00k
  • Fabrice Paget-Domet

    CEO & Director

    • Tenure: 12.1yrs
    • Compensation: €154.99k
  • François Lepicard

    Director

    • Tenure: 5.5yrs
    • Compensation: €15.00k
  • Jacques Soyer

    • Tenure: 4.8yrs
    • Compensation: €30.00k
  • Jacques Ferran

    • Tenure: 4.8yrs
  • Olivier Froc

    Permanent Representative Director of Ovalto Investissement

    • Tenure: 13.8yrs
    • Compensation: €60.00k
  • Valérie Guillen (55yo)

    Independent Director

    • Tenure: 5.6yrs
    • Compensation: €20.00k
  • Sophie Alard

    Director

    • Tenure: 4.4yrs
    • Compensation: €15.00k
  • Michel Pratoucy

    Independent Director

    • Tenure: 4.4yrs
    • Compensation: €20.00k
  • Bathilde Lorenzetti

    Director

    • Tenure: 0yrs

Company Information

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


Key Information

  • Name: TERREÏS
  • Ticker: TER
  • Exchange: ENXTPA
  • Founded:
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Market Cap: €888.395m
  • Shares outstanding: 25.66m
  • Website: https://www.terreis.fr

Number of Employees


Location

  • TERREÏS
  • 11 avenue Paul Langevin
  • Le Plessis Robinson
  • Paris
  • Ile-de-France
  • 92350
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TERENXTPA (Euronext Paris)YesCommon SharesFREURDec 2006
0NKOLSE (London Stock Exchange)YesCommon SharesGBEURDec 2006

Biography

TERREÏS is a real estate company where the assets consist of offices and retail premises that are primarily located in Paris. TERREÏS has been listed on the Euronext regulated market in Paris since Decembe ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 20:52
End of Day Share Price2019/10/09 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


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.