Financials Société Foncière Lyonnaise

Equities

FLY

FR0000033409

Commercial REITs

Market Closed - Euronext Paris Other stock markets 11:24:34 2024-04-26 am EDT			5-day change	1st Jan Change
66.2 ^EUR	+0.30%		-0.30%	-1.19%

Apr. 05	Invest Securities Downgrades Société Foncière Lyonnaise to Sell from Neutral, Reduces PT	MT
Apr. 05	SFL : Invest Securities downgrades its recommendation	CF

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	3,417	2,994	3,343	3,614	2,873	2,839	-
Enterprise Value (EV) ¹	3,417	4,937	5,130	6,033	5,404	5,239	5,316
P/E ratio	5.81 x	10.5 x	12 x	25.2 x	-4.5 x	16.2 x	11 x
Yield	3.59%	3.25%	2.69%	4.98%	-	4.53%	4.08%
Capitalization / Revenue	17.2 x	16.4 x	19.1 x	17.7 x	12.3 x	11.7 x	11.4 x
EV / Revenue	17.2 x	27.1 x	29.4 x	29.5 x	23.1 x	21.6 x	21.3 x
EV / EBITDA	19.6 x	32.2 x	37.9 x	34.7 x	26.6 x	25.2 x	24.7 x
EV / FCF	24.1 x	47.1 x	21 x	-	49 x	42.9 x	95.6 x
FCF Yield	4.14%	2.12%	4.77%	-	2.04%	2.33%	1.05%
Price to Book	-	-	-	-	-	-	-
Nbr of stocks (in thousands)	46,304	46,353	42,753	42,815	42,881	42,883	-
Reference price ²	73.80	64.60	78.20	84.40	67.00	66.20	66.20
Announcement Date	2/6/20	2/11/21	2/18/22	2/14/23	2/14/24	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	198.7	182.4	174.6	204.5	234.4	242	249
EBITDA ¹	174.1	153.5	135.4	173.9	203.5	208	215
EBIT ¹	172.8	152.6	134.2	171.8	201.6	254	344
Operating Margin	86.95%	83.66%	76.86%	84.01%	86.01%	104.96%	138.15%
Earnings before Tax (EBT)	-	-	-	-	-	-	-
Net income ¹	589.8	286.9	292	143.4	-638.8	175	258
Net margin	296.83%	157.29%	167.24%	70.12%	-272.53%	72.31%	103.61%
EPS ²	12.71	6.180	6.490	3.346	-14.88	4.090	6.030
Free Cash Flow ¹	141.5	104.8	244.7	-	110.3	122	55.6
FCF margin	71.23%	57.48%	140.17%	-	47.04%	50.41%	22.33%
FCF Conversion (EBITDA)	81.28%	68.3%	180.74%	-	54.18%	58.65%	25.86%
FCF Conversion (Net income)	24%	36.54%	83.82%	-	-	69.71%	21.55%
Dividend per Share ²	2.650	2.100	2.100	4.200	-	3.000	2.700
Announcement Date	2/6/20	2/11/21	2/18/22	2/14/23	2/14/24	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2020 S1	2023 Q1
Net sales ¹	91.2	54.35
EBITDA	-	-
EBIT	-	-
Operating Margin	-	-
Earnings before Tax (EBT)	-	-
Net income	-	-
Net margin	-	-
EPS	-	-
Dividend per Share	-	-
Announcement Date	7/28/20	4/20/23

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	-	1,942	1,787	2,419	2,531	2,400	2,477
Net Cash position ¹	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	12.65 x	13.2 x	13.91 x	12.44 x	11.54 x	11.52 x
Free Cash Flow ¹	142	105	245	-	110	122	55.6
ROE (net income / shareholders' equity)	5.35%	2.21%	2.05%	2.46%	-	3.3%	3.3%
ROA (Net income/ Total Assets)	-	1.37%	1.21%	1.35%	-	1.7%	1.6%
Assets ¹	-	20,928	24,053	10,662	-	10,294	16,125
Book Value Per Share	-	-	-	-	-	-	-
Cash Flow per Share	3.070	2.300	-	-	-	-	-
Capex	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-
Announcement Date	2/6/20	2/11/21	2/18/22	2/14/23	2/14/24	-	-

¹EUR in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Société Foncière Lyonnaise

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

66.2 EUR

Average target price

75 EUR

Spread / Average Target

+13.29%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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INMOBILIARIA COLONIAL SOCIMI, S.A.	-15.11%	3.16B

Office REITs