GRAND CITY PROPERTIES S.A. Financials Grand City Properties S.A.
Equities
GYC
LU0775917882
Real Estate Development & Operations
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.935 EUR | +2.21% |
|
+0.35% | -2.41% |
| Apr. 15 | GRAND CITY PROPERTIES : Deutsche Bank remains Neutral | ZD |
| Apr. 12 | GRAND CITY PROPERTIES : Receives a Buy rating from Berenberg | ZD |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,590 | 3,602 | 3,444 | 1,516 | 1,755 | 1,712 | - | - |
| Enterprise Value (EV) 1 | 6,280 | 6,123 | 6,787 | 5,022 | 4,956 | 5,199 | 5,115 | 5,219 |
| P/E ratio | 9.3 x | 10.4 x | 7.2 x | 12.1 x | -3.2 x | -11.4 x | 11.7 x | 9.24 x |
| Yield | 3.85% | 3.91% | 3.99% | - | - | 5.9% | 6.93% | 5.56% |
| Capitalization / Revenue | 6.41 x | 6.73 x | 6.57 x | 2.6 x | 2.89 x | 2.82 x | 2.77 x | 2.77 x |
| EV / Revenue | 11.2 x | 11.4 x | 12.9 x | 8.62 x | 8.16 x | 8.55 x | 8.29 x | 8.45 x |
| EV / EBITDA | 21.1 x | 20.4 x | 22.7 x | 16.3 x | 15.5 x | 16 x | 15.4 x | 15.1 x |
| EV / FCF | 32 x | -41 x | 46.6 x | 35.6 x | 29.1 x | 11 x | 72 x | 52.2 x |
| FCF Yield | 3.13% | -2.44% | 2.15% | 2.81% | 3.43% | 9.06% | 1.39% | 1.92% |
| Price to Book | 0.84 x | 0.76 x | 0.66 x | 0.3 x | 0.37 x | 0.45 x | 0.44 x | 0.43 x |
| Nbr of stocks (in thousands) | 167,896 | 171,864 | 164,962 | 164,963 | 172,356 | 172,356 | - | - |
| Reference price 2 | 21.38 | 20.96 | 20.88 | 9.190 | 10.18 | 9.935 | 9.935 | 9.935 |
| Announcement Date | 3/16/20 | 3/15/21 | 3/16/22 | 3/16/23 | 3/13/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 560.3 | 535.4 | 524.6 | 582.5 | 607.7 | 608 | 617.2 | 617.9 |
| EBITDA 1 | 297.7 | 299.8 | 298.6 | 308 | 320 | 324.6 | 332.6 | 345.8 |
| EBIT 1 | 692.9 | 640.2 | 986 | 412.8 | -581.6 | 3.874 | 389.9 | 314.1 |
| Operating Margin | 123.66% | 119.56% | 187.94% | 70.87% | -95.69% | 0.64% | 63.17% | 50.84% |
| Earnings before Tax (EBT) 1 | 614.6 | 541.7 | 790.9 | 228.8 | -638.1 | -215.4 | 179.7 | 248.8 |
| Net income 1 | 407 | 362.2 | 523.5 | 179.1 | -638.1 | -104.8 | 189.9 | 134.3 |
| Net margin | 72.63% | 67.65% | 99.79% | 30.75% | -104.99% | -17.24% | 30.77% | 21.73% |
| EPS 2 | 2.300 | 2.010 | 2.900 | 0.7600 | -3.180 | -0.8729 | 0.8492 | 1.075 |
| Free Cash Flow 1 | 196.4 | -149.5 | 145.6 | 141 | 170.2 | 471 | 71 | 100 |
| FCF margin | 35.05% | -27.93% | 27.75% | 24.21% | 28.01% | 77.47% | 11.5% | 16.18% |
| FCF Conversion (EBITDA) | 65.97% | - | 48.77% | 45.79% | 53.2% | 145.12% | 21.35% | 28.92% |
| FCF Conversion (Net income) | 48.25% | - | 27.81% | 78.75% | - | - | 37.38% | 74.47% |
| Dividend per Share 2 | 0.8238 | 0.8200 | 0.8340 | - | - | 0.5863 | 0.6884 | 0.5519 |
| Announcement Date | 3/16/20 | 3/15/21 | 3/16/22 | 3/16/23 | 3/13/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 130.1 | 135.1 | 133.5 | 138.6 | 152.3 | 158.1 | 150.1 | 159.3 | 103 | 151.9 | 150.3 | 157.8 | 145.7 |
| EBITDA 1 | 147 | - | 76.56 | - | - | - | - | - | - | - | 80.42 | 77.85 | 83.09 | 80.81 |
| EBIT | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 206.1 | - | 290 | - | - | - | - | - | - | - | -316.3 | -0.7514 | -256.5 | 6.248 |
| Net margin | - | - | 214.63% | - | - | - | - | - | - | - | -208.25% | -0.5% | -162.53% | 4.29% |
| EPS 2 | - | - | 1.590 | - | - | - | - | - | - | - | -1.180 | -0.0906 | -1.544 | -0.0525 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/17/20 | 11/15/21 | 3/16/22 | 5/17/22 | 8/15/22 | 11/16/22 | 3/16/23 | 5/17/23 | 8/16/23 | 11/15/23 | 3/13/24 | - | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,690 | 2,521 | 3,342 | 3,506 | 3,202 | 3,486 | 3,403 | 3,507 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 9.038 x | 8.409 x | 11.19 x | 11.38 x | 10.01 x | 10.74 x | 10.23 x | 10.14 x |
| Free Cash Flow 1 | 196 | -150 | 146 | 141 | 170 | 471 | 71 | 100 |
| ROE (net income / shareholders' equity) | 9.27% | 7.59% | 10.3% | 2.48% | -12.8% | 0.37% | 5.01% | 4.74% |
| ROA (Net income/ Total Assets) | 4.35% | 3.5% | 4.67% | 1.14% | -5.79% | -0.63% | 1.8% | 1.87% |
| Assets 1 | 9,356 | 10,359 | 11,214 | 15,725 | 11,025 | 16,603 | 10,567 | 7,196 |
| Book Value Per Share 2 | 25.30 | 27.70 | 31.40 | 30.50 | 27.40 | 22.20 | 22.50 | 23.20 |
| Cash Flow per Share 2 | 1.400 | 1.330 | 1.200 | 1.260 | 1.440 | 1.700 | 1.610 | 1.640 |
| Capex 1 | 7.09 | 513 | 71.5 | 75.1 | 79.2 | 72.1 | 115 | 113 |
| Capex / Sales | 1.27% | 95.72% | 13.62% | 12.89% | 13.02% | 11.86% | 18.69% | 18.24% |
| Announcement Date | 3/16/20 | 3/15/21 | 3/16/22 | 3/16/23 | 3/13/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
HOLD
Number of Analysts
12
Last Close Price
9.935
EUR
Average target price
11.19
EUR
Spread / Average Target
+12.65%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -2.41% | 1.83B | |
| +9.02% | 10.79B | |
| -34.32% | 10.32B | |
| -28.99% | 7.2B | |
| -5.56% | 7.01B | |
| -0.34% | 6.53B | |
| -3.03% | 6.09B | |
| -5.92% | 3.54B | |
| +12.96% | 3.57B | |
| +27.36% | 3.32B |
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- Financials Grand City Properties S.A.
