Gecina owns, manages and develops property holdings worth 20 billion euros at end-2019.
+ 1 more risk
Good value with proven track record.
Share Price & News
How has Gecina's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GECF.F's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: Insufficient data to determine how GECF.F performed against the US REITs industry.
Return vs Market: Insufficient data to determine how GECF.F performed against the US Market.
Price Volatility Vs. Market
How volatile is Gecina's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
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: GECF.F ($133) is trading below our estimate of fair value ($146.17)
Significantly Below Fair Value: GECF.F is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: GECF.F is good value based on its PE Ratio (6x) compared to the REITs industry average (28x).
PE vs Market: GECF.F is good value based on its PE Ratio (6x) compared to the US market (15.8x).
Price to Earnings Growth Ratio
PEG Ratio: GECF.F's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: GECF.F is good value based on its PB Ratio (0.7x) compared to the US REITs industry average (1.4x).
How is Gecina forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GECF.F's earnings are forecast to decline over the next 3 years (-24.5% per year).
Earnings vs Market: GECF.F's earnings are forecast to decline over the next 3 years (-24.5% per year).
High Growth Earnings: GECF.F's earnings are forecast to decline over the next 3 years.
Revenue vs Market: GECF.F's revenue (1.5% per year) is forecast to grow slower than the US market (8.9% per year).
High Growth Revenue: GECF.F's revenue (1.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GECF.F's Return on Equity is forecast to be low in 3 years time (5.1%).
How has Gecina performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GECF.F has a large one-off gain of €1.1B impacting its December 31 2019 financial results.
Growing Profit Margin: GECF.F's current net profit margins are higher than last year .
Past Earnings Growth Analysis
Earnings Trend: GECF.F's earnings have grown by 14.9% per year over the past 5 years.
Accelerating Growth: GECF.F's earnings growth over the past year (50.8%) exceeds its 5-year average (14.9% per year).
Earnings vs Industry: GECF.F earnings growth over the past year (50.8%) exceeded the REITs industry 5.3%.
Return on Equity
High ROE: GECF.F's Return on Equity (11.9%) is considered low.
How is Gecina's financial position?
Financial Position Analysis
Short Term Liabilities: GECF.F's short term assets (€1.2B) do not cover its short term liabilities (€2.2B).
Long Term Liabilities: GECF.F's short term assets (€1.2B) do not cover its long term liabilities (€5.5B).
Debt to Equity History and Analysis
Debt Level: GECF.F's debt to equity ratio (57.2%) is considered high.
Reducing Debt: GECF.F's debt to equity ratio has reduced from 60.9% to 57.2% over the past 5 years.
Debt Coverage: GECF.F's debt is not well covered by operating cash flow (8.5%).
Interest Coverage: GECF.F's interest payments on its debt are well covered by EBIT (5.2x coverage).
What is Gecina's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GECF.F's dividend (4.28%) is higher than the bottom 25% of dividend payers in the US market (1.67%).
High Dividend: GECF.F's dividend (4.28%) is low compared to the top 25% of dividend payers in the US market (4.48%).
Stability and Growth of Payments
Stable Dividend: GECF.F's dividend payments have been volatile in the past 10 years.
Growing Dividend: GECF.F's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (65.4%), GECF.F's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GECF.F's dividends in 3 years are forecast to be thoroughly covered by earnings (1.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Méka Brunel (63yo)
Ms. Mahkâmeh Brunel, also known as Méka, 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. Ms. Brunel is respo ...
CEO Compensation Analysis
Compensation vs Market: Méka's total compensation ($USD1.84M) is below average for companies of similar size in the US market ($USD11.58M).
Compensation vs Earnings: Méka's compensation has been consistent with company performance over the past year.
|CEO & Director||3.42yrs||€1.63m||0.039% €4.0m|
|Deputy Chief Executive Officer in Charge of Finance||6.75yrs||no data||no data|
|Executive Director of Investments & Developments||0.58yr||no data||no data|
|General Counsel & General Secretary||2.75yrs||no data||no data|
|Executive Director of Corporate Communications & Public Affairs||2yrs||no data||no data|
|Executive Director of Human Resources||1.25yrs||no data||no data|
|Head of Financial Communications||5.58yrs||no data||no data|
|Head of Asset Management Projects||no data||no data||no data|
|Director of Valuations & Appraisals||no data||no data||no data|
|Director of Financial Communication||no data||no data||no data|
Experienced Management: GECF.F's management team is considered experienced (2.8 years average tenure).
|CEO & Director||3.42yrs||€1.63m||0.039% €4.0m|
|Independent Director||8.17yrs||€87.00k||0.000060% €6.1k|
|Independent Chairman of the Board||0.17yr||no data||no data|
|Independent Director||3.17yrs||€70.00k||0.00028% €28.6k|
|Independent Director||10.08yrs||€38.00k||0.000060% €6.1k|
|Director||17.5yrs||no data||0.00062% €63.4k|
|Independent Director||2.17yrs||€73.00k||0.000050% €5.1k|
|Director||4.17yrs||no data||no data|
|Director||6.17yrs||no data||0.000050% €5.1k|
|Independent Director||5.17yrs||€54.00k||0.00012% €12.3k|
Experienced Board: GECF.F's board of directors are considered experienced (5.7 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 company bio, employee growth, exchange listings and data sources
- Name: Gecina SA
- Ticker: GECF.F
- Exchange: OTCPK
- Founded: 1959
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: €9.100b
- Listing Market Cap: €10.220b
- Shares outstanding: 73.50m
- Website: https://www.gecina.fr
Number of Employees
- Gecina SA
- 16 rue des capucines
- cedex 02
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GECF.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 1992|
|GFC||ENXTPA (Euronext Paris)||Yes||Ordinary Shares||FR||EUR||Jan 1992|
|GI6A||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
|0OPE||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jan 1992|
|GFCp||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Jan 1992|
Gecina owns, manages and develops property holdings worth 20 billion euros at end-2019. As a specialist for centrality and uses, the Group is building its business around Europe’s leading office portfolio, with nearly 97% located in the Paris Region, and a diversification division with residential assets in particular. Gecina has put sustainable innovation at the heart of its strategy to create value and anticipate the expectations of around 100,000 customers and end users, thanks to the dedication and expertise of its staff, who are committed to an understated, fluid and inclusive city. To offer its customers high-quality services and support their changing needs, Gecina has launched YouFirst, its relational brand. Gecina is a French real estate investment trust (SIIC) listed on Euronext Paris, and is part of the SBF 120, CAC Next 20, CAC Large 60, Euronext 100, FTSE4Good, DJSI Europe and World, Stoxx Global ESG Leaders and Vigeo indices. In line with its community commitments, Gecina has created a company foundation, which is focused on protecting the environment, supporting all forms of disability, preserving heritage and facilitating access to housing for as many people as possible.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/04 03:09|
|End of Day Share Price||2020/06/02 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.