Grand City Properties S.A. engages in the residential real estate business in Germany, the United Kingdom, and internationally.
Fair value with mediocre balance sheet.
Share Price & News
How has Grand City Properties's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GRDD.Y has not had significant price volatility in the past 3 months.
7 Day Return
US Real Estate
1 Year Return
US Real Estate
Return vs Industry: Insufficient data to determine how GRDD.Y performed against the US Real Estate industry.
Return vs Market: Insufficient data to determine how GRDD.Y performed against the US Market.
Price Volatility Vs. Market
How volatile is Grand City Properties's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Grand City Properties undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: GRDD.Y ($21.25) is trading above our estimate of fair value ($10.82)
Significantly Below Fair Value: GRDD.Y is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GRDD.Y is good value based on its PE Ratio (10.1x) compared to the Real Estate industry average (14.8x).
PE vs Market: GRDD.Y is good value based on its PE Ratio (10.1x) compared to the US market (15.8x).
Price to Earnings Growth Ratio
PEG Ratio: GRDD.Y's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: GRDD.Y is good value based on its PB Ratio (0.8x) compared to the US Real Estate industry average (1.1x).
How is Grand City Properties forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GRDD.Y's earnings are forecast to decline over the next 3 years (-8.2% per year).
Earnings vs Market: GRDD.Y's earnings are forecast to decline over the next 3 years (-8.2% per year).
High Growth Earnings: GRDD.Y's earnings are forecast to decline over the next 3 years.
Revenue vs Market: GRDD.Y's revenue (3.4% per year) is forecast to grow slower than the US market (8.8% per year).
High Growth Revenue: GRDD.Y's revenue (3.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GRDD.Y's Return on Equity is forecast to be low in 3 years time (6.2%).
How has Grand City Properties performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GRDD.Y has a large one-off gain of €274.6M impacting its March 31 2020 financial results.
Growing Profit Margin: GRDD.Y's current net profit margins (60.8%) are lower than last year (86.7%).
Past Earnings Growth Analysis
Earnings Trend: GRDD.Y's earnings have grown by 6.4% per year over the past 5 years.
Accelerating Growth: GRDD.Y's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GRDD.Y had negative earnings growth (-29.3%) over the past year, making it difficult to compare to the Real Estate industry average (-6.4%).
Return on Equity
High ROE: GRDD.Y's Return on Equity (8.5%) is considered low.
How is Grand City Properties's financial position?
Financial Position Analysis
Short Term Liabilities: GRDD.Y's short term assets (€1.7B) exceed its short term liabilities (€414.2M).
Long Term Liabilities: GRDD.Y's short term assets (€1.7B) do not cover its long term liabilities (€4.6B).
Debt to Equity History and Analysis
Debt Level: GRDD.Y's debt to equity ratio (76.6%) is considered high.
Reducing Debt: GRDD.Y's debt to equity ratio has reduced from 79.3% to 76.6% over the past 5 years.
Debt Coverage: GRDD.Y's debt is not well covered by operating cash flow (6.6%).
Interest Coverage: GRDD.Y's interest payments on its debt are well covered by EBIT (6.6x coverage).
What is Grand City Properties's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GRDD.Y's dividend (4.04%) is higher than the bottom 25% of dividend payers in the US market (1.69%).
High Dividend: GRDD.Y's dividend (4.04%) is low compared to the top 25% of dividend payers in the US market (4.52%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, GRDD.Y has been paying a dividend for less than 10 years.
Growing Dividend: GRDD.Y's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (40.7%), GRDD.Y's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GRDD.Y's dividends in 3 years are forecast to be well covered by earnings (49.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Christian G. Windfuhr has been the Chief Executive Officer of Grand City Properties S.A. since November 2013. Mr. Windfuhr served as the Chief Executive Officer of GCH Hotels GmbH (formerly Grand City ...
CEO Compensation Analysis
Compensation vs Market: Christian's total compensation ($USD598.11K) is below average for companies of similar size in the US market ($USD5.91M).
Compensation vs Earnings: Christian's compensation has been consistent with company performance over the past year.
|Chairman & CFO||3.33yrs||€755.00k||no data|
|Member of Advisory Board||no data||no data||no data|
|Chairman of Advisory Board||6.42yrs||no data||no data|
|Member of Advisory Board||0.75yr||no data||no data|
|Independent Director||7.42yrs||€112.00k||no data|
|Independent Director||7.42yrs||€112.00k||no data|
|Vice Chairman of Advisory Board||4.58yrs||no data||no data|
Experienced Board: GRDD.Y's board of directors are considered experienced (5.5 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.
Grand City Properties S.A.'s company bio, employee growth, exchange listings and data sources
- Name: Grand City Properties S.A.
- Ticker: GRDD.Y
- Exchange: OTCPK
- Founded: 2011
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: €3.422b
- Listing Market Cap: €3.805b
- Shares outstanding: 167.92m
- Website: https://www.grandcityproperties.com
Number of Employees
- Grand City Properties S.A.
- 1, Avenue du Bois
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GYC||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||May 2012|
|GYC||XTRA (XETRA Trading Platform)||Yes||Ordinary Shares||DE||EUR||May 2012|
|GYCD||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||May 2012|
|GRNN.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||May 2012|
|0RPK||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||May 2012|
|GYC||SWX (SIX Swiss Exchange)||Yes||Ordinary Shares||CH||CHF||May 2012|
|GYC||WBAG (Wiener Boerse AG)||Yes||Ordinary Shares||AT||EUR||May 2012|
|GYC||ETLX (Eurotlx)||Yes||Ordinary Shares||IT||EUR||May 2012|
|GRDD.Y||OTCPK (Pink Sheets LLC)||SPON ADR||US||USD||Feb 2018|
Grand City Properties S.A. engages in the residential real estate business in Germany, the United Kingdom, and internationally. The company invests in, manages, and rents real estate properties in Berlin, North Rhine Westphalia, Dresden, Leipzig, Halle, Nuremberg, Fürth, Munich, Mannheim, Frankfurt, Bremen, London, Mainz, and Hamburg. Grand City Properties S.A. was incorporated in 2011 and is based in Luxembourg.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/31 06:25|
|End of Day Share Price||2020/04/06 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.