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Paref

BATS-CHIXE:PARP
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PARP
BATS-CHIXE
€120M
Market Cap
  1. Home
  2. GB
  3. Real Estate
Company description

Paref SA owns and manages business real estate located primarily in the Paris region. The last earnings update was 195 days ago. More info.


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PARP Share Price and Events
7 Day Returns
0%
BATS-CHIXE:PARP
0.4%
GB REITs
1.3%
GB Market
1 Year Returns
-
BATS-CHIXE:PARP
11.9%
GB REITs
7.7%
GB Market
PARP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Paref (PARP) 0% 0% - - 31.3% -
GB REITs 0.4% 1.3% 5.4% 11.9% 10.6% 2.1%
GB Market 1.3% -1.3% 4% 7.7% 2.7% 4.6%
1 Year Return vs Industry and Market
  • No trading data on PARP.
  • No trading data on PARP.
Price Volatility
PARP
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Paref 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 Paref 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 Paref.

BATS-CHIXE:PARP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in EUR € 3.850000
Payout Ratio Company Filings (2019-06-30) 3455.1%
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:PARP
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 0.5
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.497 (1 + (1- 33%) (33.97%))
0.645
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:PARP using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Paref is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

BATS-CHIXE:PARP Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €3.85 / (5.39% - 0.53%)
€65.88
BATS-CHIXE:PARP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:PARP represents 0.94012x of ENXTPA:PAR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.94012x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 74.54 x 0.94012
€70.07
Value per share (EUR) From above. €70.07
Current discount Discount to share price of €78.50
= -1 x (€78.50 - €70.07) / €70.07
-12%

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

  • The current share price of Paref 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 Paref's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Paref's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:PARP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €7.44
ENXTPA:PAR Share Price ** ENXTPA (2019-11-14) in EUR €83.5
United Kingdom of Great Britain and Northern Ireland REITs Industry PE Ratio Median Figure of 39 Publicly-Listed REITs Companies 15.24x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 754 Publicly-Listed Companies 17.96x

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

** Primary Listing of Paref.

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

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

= 83.5 ÷ 7.44

11.22x

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

  • Paref is good value based on earnings compared to the GB REITs industry average.
  • Paref is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Paref's expected growth come at a high price?
Raw Data
BATS-CHIXE:PARP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland REITs Industry PEG Ratio Median Figure of 25 Publicly-Listed REITs Companies 0.81x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 553 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Paref, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Paref's assets?
Raw Data
BATS-CHIXE:PARP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €87.77
ENXTPA:PAR Share Price * ENXTPA (2019-11-14) in EUR €83.5
United Kingdom of Great Britain and Northern Ireland REITs Industry PB Ratio Median Figure of 53 Publicly-Listed REITs Companies 1x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,319 Publicly-Listed Companies 1.6x
BATS-CHIXE:PARP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 83.5 ÷ 87.77

0.95x

* Primary Listing of Paref.

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

  • Paref is good value based on assets compared to the GB REITs industry average.
X
Value checks
We assess Paref'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. Paref 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 Paref expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Paref has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
25.5%
Expected REITs industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Paref expected to grow at an attractive rate?
  • Unable to compare Paref's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Paref's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Unable to compare Paref's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:PARP Future Growth Rates Data Sources
Data Point Source Value (per year)
United Kingdom of Great Britain and Northern Ireland REITs Industry Earnings Growth Rate Market Cap Weighted Average 25.5%
United Kingdom of Great Britain and Northern Ireland REITs Industry Revenue Growth Rate Market Cap Weighted Average 6.7%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.3%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.4%

*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:PARP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 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:PARP Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 23 8 11
2019-03-31 21 9 11
2018-12-31 19 9 12
2018-09-30 20 7 12
2018-06-30 20 5 13
2018-03-31 19 6 11
2017-12-31 19 7 8
2017-09-30 17 9 8
2017-06-30 16 10 9
2017-03-31 17 10 9
2016-12-31 17 10 10
2016-09-30 18 11 9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Paref is high growth as no earnings estimate data is available.
  • Unable to determine if Paref is high growth as no revenue estimate data is available.
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:PARP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Paref Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:PARP Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 7.44
2019-03-31 7.99
2018-12-31 8.55
2018-09-30 9.46
2018-06-30 10.45
2018-03-31 8.72
2017-12-31 6.90
2017-09-30 7.04
2017-06-30 7.18
2017-03-31 7.94
2016-12-31 8.69
2016-09-30 7.63

*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.
  • Unable to establish if Paref will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Paref is trading at Paref'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Paref's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Real Estate companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Paref'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.
Paref 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 Paref performed over the past 5 years?

  • Paref's last earnings update was 195 days ago.
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 Paref'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.
  • Paref has delivered over 20% year on year earnings growth in the past 5 years.
  • Paref's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Paref's 1-year earnings growth is negative, it can't be compared to the GB REITs industry average.
Earnings and Revenue History
Paref'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 Paref Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:PARP Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 22.73 10.72 10.40
2019-03-31 20.84 11.26 9.75
2018-12-31 18.95 11.80 9.11
2018-09-30 19.59 12.48 8.65
2018-06-30 20.23 13.15 8.19
2018-03-31 19.46 10.71 8.57
2017-12-31 18.70 8.26 8.95
2017-09-30 17.25 8.42 8.24
2017-06-30 15.81 8.58 7.53
2017-03-31 16.56 9.48 6.81
2016-12-31 17.32 10.37 6.08
2016-09-30 18.19 9.07 5.09
2016-06-30 19.07 7.77 4.11
2016-03-31 20.57 6.61 5.07
2015-12-31 22.08 5.45 6.03
2015-09-30 23.30 4.99 7.38
2015-06-30 24.51 4.54 8.73
2015-03-31 23.93 2.81 8.14
2014-12-31 23.36 1.09 7.54
2014-09-30 23.14 0.01 7.02
2014-06-30 22.92 -1.07 6.50
2014-03-31 22.43 0.09 6.09
2013-12-31 21.94 1.25 5.69
2013-09-30 22.25 3.20 5.54
2013-06-30 22.56 5.15 5.40
2013-03-31 23.20 5.62 5.76

*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.
  • Paref has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Paref used its assets more efficiently than the GB REITs industry average last year based on Return on Assets.
  • Paref's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Paref'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.
Paref has a total score of 2/6, 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 Paref'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 Paref's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Paref is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Paref's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Paref'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2x 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 Paref Company Filings, last reported 7 months ago.

BATS-CHIXE:PARP Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 126.49 29.63 40.37
2019-03-31 126.49 29.63 40.37
2018-12-31 124.83 24.66 28.44
2018-09-30 124.83 24.66 28.44
2018-06-30 121.85 32.94 23.77
2018-03-31 121.85 32.94 23.77
2017-12-31 100.33 34.87 10.02
2017-09-30 100.33 34.87 10.02
2017-06-30 96.13 40.28 4.41
2017-03-31 96.13 40.28 4.41
2016-12-31 94.22 42.56 3.98
2016-09-30 94.22 42.56 3.98
2016-06-30 89.81 35.17 1.80
2016-03-31 89.81 35.17 1.80
2015-12-31 110.19 49.57 7.54
2015-09-30 110.19 49.57 7.54
2015-06-30 104.33 53.75 8.74
2015-03-31 104.33 53.75 8.74
2014-12-31 99.36 49.59 12.05
2014-09-30 99.36 49.59 12.05
2014-06-30 98.25 61.92 7.91
2014-03-31 98.25 61.92 7.91
2013-12-31 100.67 57.93 14.01
2013-09-30 100.67 57.93 14.01
2013-06-30 99.45 60.38 8.79
2013-03-31 99.45 60.38 8.79
  • Paref's level of debt (23.4%) 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 (62.9% vs 23.4% today).
  • Debt is well covered by operating cash flow (26.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.2x coverage).
X
Financial health checks
We assess Paref'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. Paref has a total score of 6/6, 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 Paref'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
4.61%
Current annual income from Paref dividends.
If you bought €2,000 of Paref shares you are expected to receive €92 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?
  • Paref's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.86%).
  • Paref's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.12%).
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:PARP 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 0 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 3.8%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 677 Stocks 4.4%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 1.9%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:PARP Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-26 3.850 4.881
2019-02-19 3.850 5.013
2018-04-27 3.000 3.704
2018-02-15 3.000 4.070
2017-04-25 2.000 2.763
2017-03-10 2.000 2.741
2016-03-15 3.000 5.022
2015-03-24 3.000 5.628
2014-04-22 3.000 6.459
2014-03-20 3.000 6.529
2013-04-24 3.000 6.815
2013-03-25 3.000 7.282
2012-09-14 0.000 0.000
2012-09-12 0.000 0.000
2012-05-04 3.000 8.329
2012-03-21 3.000 7.048
2011-09-13 4.000 9.314
2011-09-09 4.000 8.100
2011-05-13 3.000 5.249
2010-04-28 2.250 4.549
2010-03-25 2.250 4.410
2009-04-29 2.000 4.289

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 Paref's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Paref's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Paref afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Paref has a total score of 3/6, 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 Paref'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
Antoine Oliveira E. Castro
COMPENSATION €0
AGE 44
CEO Bio

Mr. Antoine De Oliveira E. Castro serves as the Chief Executive Officer at Paref SA and is its Director since May 17, 2017.

CEO Compensation
  • Insufficient data for Antoine to compare compensation growth.
  • Insufficient data for Antoine to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Antoine Oliveira E. Castro

TITLE
CEO & Director
AGE
44

Roland Fiszel

TITLE
Member of the Management Board
COMPENSATION
€65K
TENURE
3.9 yrs

Antoine Onfray

TITLE
Deputy Chief Executive Officer
Board of Directors Tenure

Average tenure and age of the Paref board of directors in years:

2.8
Average Tenure
44
Average Age
  • The average tenure for the Paref board of directors is less than 3 years, this suggests a new board.
Board of Directors

Hubert Lévy-Lambert

TITLE
Honorary President of the Board of Directors
COMPENSATION
€62K
AGE
83
TENURE
8.8 yrs

Alex Gong

TITLE
President of Board of Directors
AGE
44

Antoine Oliveira E. Castro

TITLE
CEO & Director
AGE
44
TENURE
2.8 yrs

Dietrich Heidtmann

TITLE
Independent Director
COMPENSATION
€19K
AGE
56
TENURE
2.6 yrs

Michaela Robert

TITLE
Independent Director
COMPENSATION
€18K
AGE
50
TENURE
2.8 yrs

Fang Xu

TITLE
Director
AGE
44
TENURE
2.8 yrs

Lingyu Cai

TITLE
Director
AGE
37
TENURE
1.1 yrs

Liu Mingtao

TITLE
Director

Valerie Guillen

TITLE
Independent Director
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 Paref'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. Paref 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

Paref SA owns and manages business real estate located primarily in the Paris region. The company manages and leases real estate, offices and commercial spaces, and residences. The company also provides real estate agency services. The company was founded in 1997 and is based in Paris, France.

Details
Name: Paref SA
PARP
Exchange: BATS-CHIXE
Founded: 1997
€119,767,008
1,442,976
Website: http://www.paref.com
Address: Paref SA
153, boulevard Haussmann,
Paris,
Ile-de-France, 75008,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA PAR Ordinary Shares Euronext Paris FR EUR 22. Dec 2005
DB G5I Ordinary Shares Deutsche Boerse AG DE EUR 22. Dec 2005
LSE 0IRT Ordinary Shares London Stock Exchange GB EUR 22. Dec 2005
BATS-CHIXE PARP Ordinary Shares BATS 'Chi-X Europe' GB EUR 22. Dec 2005
Number of employees
Current staff
Staff numbers
46
Paref employees.
Industry
Diversified REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/11 19:43
End of day share price update: 2019/11/14 00:00
Last earnings filing: 2019/07/31
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.