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Société Foncière Lyonnaise

BATS-CHIXE:FLYP
Snowflake Description

Proven track record average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FLYP
BATS-CHIXE
€3B
Market Cap
  1. Home
  2. GB
  3. Real Estate
Company description

Leader in the prime segment of the Parisian commercial real estate market, Société FoncièreLyonnaise stands out for the quality of its property portfolio, which is valued at €7.2billion and is focused on the Central Business District of Paris (#cloud.paris, EdouardVII, Washington Plaza,etc.), and for the quality of its client portfolio, which is composed of prestigious companies in the consulting, media, digital, luxury, finance and insurance sectors. The last earnings update was 16 days ago. More info.


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FLYP Share Price and Events
7 Day Returns
7.9%
BATS-CHIXE:FLYP
6.6%
GB REITs
6%
GB Market
1 Year Returns
4%
BATS-CHIXE:FLYP
-20%
GB REITs
-22.7%
GB Market
FLYP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Société Foncière Lyonnaise (FLYP) 7.9% -15.6% -7.1% 4% 41.7% 55.6%
GB REITs 6.6% -22.8% -28.8% -20% -16.1% -22%
GB Market 6% -20.3% -28.1% -22.7% -24.6% -22%
1 Year Return vs Industry and Market
  • FLYP outperformed the REITs industry which returned -20% over the past year.
  • FLYP outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -22.7% over the past year.
Price Volatility
FLYP
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Société Foncière Lyonnaise undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Société Foncière Lyonnaise to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Société Foncière Lyonnaise.

BATS-CHIXE:FLYP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Funds From Operations
Levered Funds From Operations Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.4%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BATS-CHIXE:FLYP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.46
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.46 (1 + (1- 33%) (56.59%))
0.642
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (0.8 * 6.07%)
5.39%

Discounted Cash Flow Calculation for BATS-CHIXE:FLYP using 2 Stage Free Cash Flow to Equity using Funds From Operations Model

BATS-CHIXE:FLYP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:FLYP represents 0.97143x of ENXTPA:FLY
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.97143x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 59.92 x 0.97143
€58.21
Value per share (EUR) From above. €58.21
Current discount Discount to share price of €68.00
= -1 x (€68.00 - €58.21) / €58.21
-16.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Société Foncière Lyonnaise is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Société Foncière Lyonnaise's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Société Foncière Lyonnaise's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:FLYP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €12.74
ENXTPA:FLY Share Price ** ENXTPA (2020-03-26) in EUR €70
United Kingdom of Great Britain and Northern Ireland REITs Industry PE Ratio Median Figure of 38 Publicly-Listed REITs Companies 12.85x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 747 Publicly-Listed Companies 12.54x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Société Foncière Lyonnaise.

BATS-CHIXE:FLYP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:FLY Share Price ÷ EPS (both in EUR)

= 70 ÷ 12.74

5.5x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Société Foncière Lyonnaise is good value based on earnings compared to the GB REITs industry average.
  • Société Foncière Lyonnaise is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Société Foncière Lyonnaise's expected growth come at a high price?
Raw Data
BATS-CHIXE:FLYP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-22.3%per year
United Kingdom of Great Britain and Northern Ireland REITs Industry PEG Ratio Median Figure of 22 Publicly-Listed REITs Companies 0.65x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 531 Publicly-Listed Companies 0.98x

*Line of best fit is calculated by linear regression .

BATS-CHIXE:FLYP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.5x ÷ -22.3%

-0.25x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Société Foncière Lyonnaise earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Société Foncière Lyonnaise's assets?
Raw Data
BATS-CHIXE:FLYP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €96.86
ENXTPA:FLY Share Price * ENXTPA (2020-03-26) in EUR €70
United Kingdom of Great Britain and Northern Ireland REITs Industry PB Ratio Median Figure of 53 Publicly-Listed REITs Companies 0.74x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,322 Publicly-Listed Companies 1.08x
BATS-CHIXE:FLYP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:FLY Share Price ÷ Book Value per Share (both in EUR)

= 70 ÷ 96.86

0.72x

* Primary Listing of Société Foncière Lyonnaise.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Société Foncière Lyonnaise is good value based on assets compared to the GB REITs industry average.
X
Value checks
We assess Société Foncière Lyonnaise's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Société Foncière Lyonnaise has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Société Foncière Lyonnaise expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-22.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Société Foncière Lyonnaise expected to grow at an attractive rate?
  • Société Foncière Lyonnaise's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Société Foncière Lyonnaise's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • Société Foncière Lyonnaise's revenues are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:FLYP Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:FLYP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -22.3%
BATS-CHIXE:FLYP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts -5.3%
United Kingdom of Great Britain and Northern Ireland REITs Industry Earnings Growth Rate Market Cap Weighted Average 24.2%
United Kingdom of Great Britain and Northern Ireland REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.4%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BATS-CHIXE:FLYP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:FLYP Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 217 143 378 2
2020-12-31 203 137 458 1
2020-03-29
BATS-CHIXE:FLYP Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 241 142 590
2019-09-30 237 133 497
2019-06-30 202 123 405
2019-03-31 200 123 378
2018-12-31 230 123 352
2018-09-30 221 124 429
2018-06-30 212 126 507
2018-03-31 205 125 596
2017-12-31 198 123 685
2017-09-30 197 110 629
2017-06-30 197 97 573
2017-03-31 199 90 539

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Société Foncière Lyonnaise's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Société Foncière Lyonnaise's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BATS-CHIXE:FLYP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Société Foncière Lyonnaise Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:FLYP Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 8.17 8.17 8.17 1.00
2020-12-31 9.90 9.90 9.90 1.00
2020-03-29
BATS-CHIXE:FLYP Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 12.74
2019-09-30 10.74
2019-06-30 8.75
2019-03-31 8.18
2018-12-31 7.60
2018-09-30 9.28
2018-06-30 10.96
2018-03-31 12.89
2017-12-31 14.83
2017-09-30 13.62
2017-06-30 12.41
2017-03-31 11.66

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Société Foncière Lyonnaise is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Société Foncière Lyonnaise's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Société Foncière Lyonnaise has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Société Foncière Lyonnaise performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Société Foncière Lyonnaise's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Société Foncière Lyonnaise's year on year earnings growth rate has been positive over the past 5 years.
  • Société Foncière Lyonnaise's 1-year earnings growth exceeds its 5-year average (67.7% vs 6.9%)
  • Société Foncière Lyonnaise's earnings growth has exceeded the GB REITs industry average in the past year (67.7% vs -21.6%).
Earnings and Revenue History
Société Foncière Lyonnaise's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Société Foncière Lyonnaise Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:FLYP Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 240.72 589.76 20.10
2019-09-30 237.48 497.39 19.73
2019-06-30 201.69 405.03 19.37
2019-03-31 199.60 378.33 19.31
2018-12-31 230.08 351.64 19.25
2018-09-30 221.13 429.18 23.00
2018-06-30 212.19 506.72 26.75
2018-03-31 205.06 596.00 24.11
2017-12-31 197.94 685.28 21.47
2017-09-30 197.27 629.15 19.91
2017-06-30 196.60 573.03 18.35
2017-03-31 198.79 538.55 18.04
2016-12-31 200.99 504.08 17.73
2016-09-30 196.67 550.58 15.49
2016-06-30 192.36 597.07 13.25
2016-03-31 181.76 544.97 16.06
2015-12-31 171.16 492.86 18.86
2015-09-30 166.29 378.34 18.55
2015-06-30 161.42 263.82 18.24
2015-03-31 156.34 230.78 17.96
2014-12-31 151.26 197.74 17.69
2014-09-30 154.58 201.16 17.88
2014-06-30 157.90 204.59 18.08
2014-03-31 165.34 175.92 17.96
2013-12-31 172.79 147.26 17.84
2013-09-30 174.44 178.92 17.66
2013-06-30 176.08 210.58 17.49
2013-03-31 175.63 246.88 17.16

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Société Foncière Lyonnaise has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Société Foncière Lyonnaise used its assets more efficiently than the GB REITs industry average last year based on Return on Assets.
  • Société Foncière Lyonnaise's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Société Foncière Lyonnaise's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Société Foncière Lyonnaise has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Société Foncière Lyonnaise's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Société Foncière Lyonnaise's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Société Foncière Lyonnaise's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Société Foncière Lyonnaise's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Société Foncière Lyonnaise's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Société Foncière Lyonnaise Company Filings, last reported 2 months ago.

BATS-CHIXE:FLYP Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 5,036.98 1,834.30 54.00
2019-09-30 5,036.98 1,834.30 54.00
2019-06-30 4,667.50 1,858.06 42.97
2019-03-31 4,667.50 1,858.06 42.97
2018-12-31 4,511.96 1,763.04 25.30
2018-09-30 4,511.96 1,763.04 25.30
2018-06-30 4,341.26 1,810.16 53.58
2018-03-31 4,341.26 1,810.16 53.58
2017-12-31 4,238.97 1,697.72 15.71
2017-09-30 4,238.97 1,697.72 15.71
2017-06-30 3,860.16 2,049.98 27.25
2017-03-31 3,860.16 2,049.98 27.25
2016-12-31 3,493.78 2,008.81 19.77
2016-09-30 3,493.78 2,008.81 19.77
2016-06-30 3,316.17 1,958.64 14.10
2016-03-31 3,316.17 1,958.64 14.10
2015-12-31 3,031.09 1,890.33 12.49
2015-09-30 3,031.09 1,890.33 12.49
2015-06-30 2,758.61 1,822.67 16.99
2015-03-31 2,758.61 1,822.67 16.99
2014-12-31 2,593.37 1,632.14 17.09
2014-09-30 2,593.37 1,632.14 17.09
2014-06-30 2,542.07 1,624.48 31.24
2014-03-31 2,542.07 1,624.48 31.24
2013-12-31 2,445.57 1,528.73 29.03
2013-09-30 2,445.57 1,528.73 29.03
2013-06-30 2,381.54 1,416.53 25.11
2013-03-31 2,381.54 1,416.53 25.11
  • Société Foncière Lyonnaise's level of debt (36.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (64% vs 36.4% today).
  • Debt is not well covered by operating cash flow (7.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.1x coverage).
X
Financial health checks
We assess Société Foncière Lyonnaise's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Société Foncière Lyonnaise has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Société Foncière Lyonnaise's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.79%
Current annual income from Société Foncière Lyonnaise dividends. Estimated to be 3.62% next year.
If you bought €2,000 of Société Foncière Lyonnaise shares you are expected to receive €76 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Société Foncière Lyonnaise's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.7%).
  • Société Foncière Lyonnaise's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (7.3%).
Upcoming dividend payment

Purchase Société Foncière Lyonnaise before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BATS-CHIXE:FLYP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland REITs Industry Average Dividend Yield Market Cap Weighted Average of 48 Stocks 5.3%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 630 Stocks 6%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.4%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.7%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BATS-CHIXE:FLYP Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 2.48 2.00
2020-12-31 2.65 1.00
2020-03-29
BATS-CHIXE:FLYP Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-02-06 2.650 3.536
2019-07-26 2.650 3.738
2019-02-15 2.650 3.986
2018-03-29 2.300 3.830
2018-02-09 2.300 3.839
2017-04-05 2.100 3.839
2017-02-10 2.100 4.360
2016-04-06 2.100 4.192
2016-02-15 2.100 4.518
2015-09-30 2.100 4.975
2015-04-09 1.400 3.386
2015-02-12 1.400 3.235
2014-02-12 2.100 5.524
2013-10-07 1.400 3.626
2013-04-10 2.100 5.334
2013-02-14 2.100 5.491
2012-10-01 2.100 5.928
2012-07-26 1.400 4.135
2012-07-25 1.400 4.268
2012-04-10 1.400 4.293
2012-02-16 1.400 3.975
2011-09-23 2.100 6.093
2011-04-20 2.800 7.189
2011-02-10 2.800 7.257
2010-12-14 1.400 3.992
2010-04-13 2.100 6.484
2010-02-15 2.100 5.940
2009-05-15 1.900 6.308

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Société Foncière Lyonnaise's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (50.9x coverage).
X
Income/ dividend checks
We assess Société Foncière Lyonnaise's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Société Foncière Lyonnaise afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Société Foncière Lyonnaise has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Société Foncière Lyonnaise's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Nicolas Reynaud
COMPENSATION €1,235,182
AGE 57
TENURE AS CEO 5.2 years
CEO Bio

Mr. Nicolas Reynaud has been the Chief Executive Officer at Societe Fonciere Lyonnaise since January 27, 2015. Mr. Reynaud served as Chief Financial Officer and Managing Director of Societe Fonciere Lyonnaise since October 2006 until January 27, 2015 and October 24, 2008 until January 27, 2015 respectively. He joined Societe Fonciere Lyonnaise in 2006 as Deputy Managing Director and Member of The Management Committee. Mr. Reynaud serves as Member of the Executive Board and Deputy General Manager of Finance and Corporate Organization at Sophia GE. Mr. Reynaud served as Secretary to the Board at Societe Fonciere Lyonnaise. Mr. Reynaud dedicated his career to real estate financial management. Mr. Reynaud worked at Sophia from 1988 to 2005, where he served as Financial Director and Assistant Managing Director.

CEO Compensation
  • Nicolas's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Nicolas's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Société Foncière Lyonnaise management team in years:

5.2
Average Tenure
49
Average Age
  • The average tenure for the Société Foncière Lyonnaise management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Nicolas Reynaud

TITLE
Chief Executive Officer
COMPENSATION
€1M
AGE
57
TENURE
5.2 yrs

Dimitri Boulte

TITLE
MD & COO
COMPENSATION
€939K
AGE
42
TENURE
9.2 yrs

Fabienne Boileau

TITLE
Chief Financial Officer
AGE
51
TENURE
5.2 yrs

Aude Grant

TITLE
Deputy Managing Director of Asset Management & Investments
AGE
38
TENURE
4.2 yrs

Eric Oudard

TITLE
Technical & Development Director
AGE
50
TENURE
6.2 yrs

Fabrice Ruchaud

TITLE
Chief Information Officer
AGE
49
TENURE
2 yrs

Emilie Germane

TITLE
Legal Director
AGE
42
TENURE
0.2 yrs

François Derrian

TITLE
Human Resources Director
AGE
49
TENURE
17.2 yrs

François Sebillotte

TITLE
Secretary General & Secretary to the Board
COMPENSATION
€127K
AGE
63
TENURE
9.2 yrs

Jean-claude Bellec

TITLE
Executive
Board of Directors Tenure

Average tenure and age of the Société Foncière Lyonnaise board of directors in years:

10.7
Average Tenure
65
Average Age
  • The average tenure for the Société Foncière Lyonnaise board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Juan José Brugera Clavero

TITLE
Chairman of the Board
COMPENSATION
€356K
AGE
73
TENURE
10.2 yrs

Pedro Viñolas Serra

TITLE
Vice-Chairman
COMPENSATION
€55K
AGE
56

Tony Wyand

TITLE
Former Director
COMPENSATION
€63K
AGE
76

Henri Katz

TITLE
Honorary Chairman

Yves Defline

TITLE
Honorary Chairman
COMPENSATION
€24K
AGE
84
TENURE
18.2 yrs

Carlos Fernández-Lerga Garralda

TITLE
Director
COMPENSATION
€72K
AGE
69
TENURE
11.7 yrs

Jean-Jacques Duchamp

TITLE
Director
COMPENSATION
€64K
AGE
65
TENURE
16.2 yrs

Carmina Ganyet I. Cirera

TITLE
Director
COMPENSATION
€56K
AGE
50
TENURE
10.7 yrs

Luis Maluquer Trepat

TITLE
Director
COMPENSATION
€35K
AGE
62
TENURE
9.8 yrs

Àngels Arderiu Ibars

TITLE
Director
COMPENSATION
€35K
AGE
52
TENURE
5.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Société Foncière Lyonnaise's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Société Foncière Lyonnaise has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Leader in the prime segment of the Parisian commercial real estate market, Société FoncièreLyonnaise stands out for the quality of its property portfolio, which is valued at €7.2billion and is focused on the Central Business District of Paris (#cloud.paris, EdouardVII, Washington Plaza,etc.), and for the quality of its client portfolio, which is composed of prestigious companies in the consulting, media, digital, luxury, finance and insurance sectors. As France’s oldest property company, SFL demonstrates year after year an unwavering commitment to its strategy focused on creating a high valuein use for users and, ultimately, substantial appraisal values for its properties.

Details
Name: Société Foncière Lyonnaise SA
FLYP
Exchange: BATS-CHIXE
Founded: 1879
€3,241,475,090
46,306,787
Website: http://www.fonciere-lyonnaise.com
Address: Société Foncière Lyonnaise SA
42, rue Washington,
Paris,
Languedoc-Roussillon, 75008,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA FLY Ordinary Shares Euronext Paris FR EUR 02. Jan 1992
LSE 0IXY Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
BATS-CHIXE FLYP Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
68
Société Foncière Lyonnaise employees.
Industry
Office REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 19:47
End of day share price update: 2020/03/26 00:00
Last estimates confirmation: 2020/03/02
Last earnings filing: 2020/03/13
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.