Gecina

OTCPK:GECF.F Stock Report

Market Cap: US$6.8b

Gecina Valuation

Is GECF.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of GECF.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GECF.F ($90.26) is trading below our estimate of fair value ($114.39)

Significantly Below Fair Value: GECF.F is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GECF.F?

Key metric: As GECF.F is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for GECF.F. This is calculated by dividing GECF.F's market cap by their current revenue.
What is GECF.F's PS Ratio?
PS Ratio8x
Sales€813.97m
Market Cap€6.54b

Price to Sales Ratio vs Peers

How does GECF.F's PS Ratio compare to its peers?

The above table shows the PS ratio for GECF.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.9x
VNO Vornado Realty Trust
4.2x2.8%US$8.3b
SLG SL Green Realty
5.2x-8.3%US$5.0b
CUZ Cousins Properties
5.8x7.7%US$4.7b
KRC Kilroy Realty
4.3x2.8%US$4.6b
GECF.F Gecina
8.1x0.06%US$6.6b

Price-To-Sales vs Peers: GECF.F is expensive based on its Price-To-Sales Ratio (8.1x) compared to the peer average (4.9x).

Price to Sales Ratio vs Industry

How does GECF.F's PS Ratio compare vs other companies in the US Office REITs Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
OPI Office Properties Income Trust
0.1x-6.3%US$59.69m
CMCT Creative Media & Community Trust
0.1xn/aUS$14.05m
No more companies available in this PS range
GECF.F 8.0xIndustry Avg. 2.9xNo. of Companies3PS01.63.24.86.48+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: GECF.F is expensive based on its Price-To-Sales Ratio (8.1x) compared to the US Office REITs industry average (2.9x).

Price to Sales Ratio vs Fair Ratio

What is GECF.F's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GECF.F PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio8x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate GECF.F's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst GECF.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$90.26
US$119.98
+32.9%
10.4%US$135.64US$92.34n/a15
Dec ’25US$102.74
US$121.81
+18.6%
10.7%US$141.69US$92.88n/a15
Nov ’25US$111.29
US$125.86
+13.1%
10.3%US$145.98US$95.70n/a15
Oct ’25US$114.54
US$126.61
+10.5%
9.5%US$141.41US$98.54n/a15
Sep ’25US$114.93
US$121.96
+6.1%
12.6%US$135.03US$82.36n/a15
Aug ’25n/a
US$119.91
0%
12.6%US$132.76US$80.97n/a15
Jul ’25US$92.00
US$118.22
+28.5%
12.0%US$131.00US$80.43n/a15
Jun ’25n/a
US$118.79
0%
11.7%US$130.80US$80.30n/a15
May ’25n/a
US$118.79
0%
11.7%US$130.80US$80.30n/a15
Apr ’25US$102.13
US$119.72
+17.2%
12.4%US$141.78US$80.45n/a15
Mar ’25n/a
US$123.43
0%
12.8%US$142.84US$81.05n/a15
Feb ’25n/a
US$124.91
0%
13.3%US$143.45US$81.40n/a15
Jan ’25n/a
US$120.83
0%
12.7%US$140.34US$80.86n/a15
Dec ’24n/a
US$121.13
0%
12.5%US$141.54US$81.55US$102.7415
Nov ’24n/a
US$119.60
0%
12.3%US$137.61US$79.28US$111.2914
Oct ’24n/a
US$121.98
0%
12.1%US$138.59US$79.85US$114.5415
Sep ’24n/a
US$124.35
0%
12.4%US$141.54US$81.55US$114.9315
Aug ’24n/a
US$125.06
0%
11.8%US$142.58US$82.15n/a15
Jul ’24n/a
US$122.30
0%
11.8%US$139.91US$83.30US$92.0014
Jun ’24US$103.00
US$122.66
+19.1%
11.9%US$140.45US$83.62n/a14
May ’24n/a
US$122.06
0%
11.6%US$134.64US$83.37n/a14
Apr ’24US$100.35
US$122.06
+21.6%
11.6%US$134.64US$83.37US$102.1314
Mar ’24n/a
US$120.25
0%
11.9%US$137.96US$81.89n/a14
Feb ’24n/a
US$121.42
0%
10.9%US$136.02US$84.22n/a14
Jan ’24n/a
US$116.09
0%
12.3%US$139.42US$82.69n/a14
Dec ’23n/a
US$112.56
0%
12.5%US$135.85US$80.57n/a14

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 20:34
End of Day Share Price 2024/12/16 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Gecina is covered by 31 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ruud Van MaanenABN AMRO Bank N.V.
Alda Kule DaleAlphaValue
Celine Soo-HuynhBarclays