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Patrimoine et Commerce

BATS-CHIXE:PATP
Snowflake Description

Undervalued with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PATP
BATS-CHIXE
€257M
Market Cap
  1. Home
  2. GB
  3. Real Estate
Company description

Patrimoine et Commerce SA, a real estate company, engages in the acquisition, development, and operation of commercial real estate properties in France. The last earnings update was 5 days ago. More info.


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PATP Share Price and Events
7 Day Returns
0%
BATS-CHIXE:PATP
-0.2%
GB REITs
-1.9%
GB Market
1 Year Returns
-
BATS-CHIXE:PATP
0.5%
GB REITs
-6.4%
GB Market
PATP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Patrimoine et Commerce (PATP) 0% 0% - - - -
GB REITs -0.2% -9% -8.4% 0.5% 6.2% 0.9%
GB Market -1.9% -13.5% -9.4% -6.4% -10.1% -6.3%
1 Year Return vs Industry and Market
  • No trading data on PATP.
  • No trading data on PATP.
Price Volatility
PATP
Industry
5yr Volatility vs Market
Related Companies

PATP Value

 Is Patrimoine et Commerce 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 Patrimoine et Commerce 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 Patrimoine et Commerce.

BATS-CHIXE:PATP 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 0 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:PATP
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 0.49
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.489 (1 + (1- 33%) (171.36%))
0.65
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:PATP using 2 Stage Free Cash Flow to Equity using Funds From Operations Model

BATS-CHIXE:PATP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:PATP represents 0.98656x of ENXTPA:PAT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98656x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 46.02 x 0.98656
€45.40
Value per share (EUR) From above. €45.40
Current discount Discount to share price of €18.35
= -1 x (€18.35 - €45.40) / €45.40
59.6%

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

Current Discount
Amount off the current price Patrimoine et Commerce is available for.
Intrinsic value
>50%
Share price is €18.35 vs Future cash flow value of €45.4
Current Discount Checks
For Patrimoine et Commerce to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Patrimoine et Commerce's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Patrimoine et Commerce's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Patrimoine et Commerce's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Patrimoine et Commerce's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:PATP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €1.86
ENXTPA:PAT Share Price ** ENXTPA (2019-12-10) in EUR €18.6
United Kingdom of Great Britain and Northern Ireland REITs Industry PE Ratio Median Figure of 38 Publicly-Listed REITs Companies 14.72x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 751 Publicly-Listed Companies 15.93x

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

** Primary Listing of Patrimoine et Commerce.

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

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

= 18.6 ÷ 1.86

10.02x

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

  • Patrimoine et Commerce is good value based on earnings compared to the GB REITs industry average.
  • Patrimoine et Commerce is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Patrimoine et Commerce's expected growth come at a high price?
Raw Data
BATS-CHIXE:PATP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.02x
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 24 Publicly-Listed REITs Companies 0.94x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 546 Publicly-Listed Companies 1.36x

*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 Patrimoine et Commerce, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Patrimoine et Commerce's assets?
Raw Data
BATS-CHIXE:PATP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €26.71
ENXTPA:PAT Share Price * ENXTPA (2019-12-10) in EUR €18.6
United Kingdom of Great Britain and Northern Ireland REITs Industry PB Ratio Median Figure of 53 Publicly-Listed REITs Companies 0.94x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,318 Publicly-Listed Companies 1.41x
BATS-CHIXE:PATP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 18.6 ÷ 26.71

0.7x

* Primary Listing of Patrimoine et Commerce.

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

  • Patrimoine et Commerce is good value based on assets compared to the GB REITs industry average.
X
Value checks
We assess Patrimoine et Commerce'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. Patrimoine et Commerce has a total score of 5/6, 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.

PATP Future Performance

 How is Patrimoine et Commerce 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 Patrimoine et Commerce 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
26.3%
Expected REITs industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Patrimoine et Commerce expected to grow at an attractive rate?
  • Unable to compare Patrimoine et Commerce's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Patrimoine et Commerce's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Unable to compare Patrimoine et Commerce'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:PATP 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 26.3%
United Kingdom of Great Britain and Northern Ireland REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.9%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 14.6%
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:PATP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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:PATP Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
BATS-CHIXE:PATP Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 44 45 26
2019-09-30 44 44 26
2019-06-30 43 43 26
2019-03-31 42 44 25
2018-12-31 41 45 24
2018-09-30 41 38 26
2018-06-30 41 32 27
2018-03-31 40 28 28
2017-12-31 40 25 29
2017-09-30 40 29 29
2017-06-30 40 32 28
2017-03-31 41 34 27

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Patrimoine et Commerce is high growth as no earnings estimate data is available.
  • Unable to determine if Patrimoine et Commerce 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:PATP 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 0 Analyst Estimates (S&P Global) See Below

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

BATS-CHIXE:PATP Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
BATS-CHIXE:PATP Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 1.86
2019-09-30 1.87
2019-06-30 1.89
2019-03-31 1.83
2018-12-31 1.78
2018-09-30 1.91
2018-06-30 2.04
2018-03-31 2.15
2017-12-31 2.26
2017-09-30 2.24
2017-06-30 2.21
2017-03-31 2.14

*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 Patrimoine et Commerce will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Patrimoine et Commerce is trading at Patrimoine et Commerce'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. Patrimoine et Commerce'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 Patrimoine et Commerce'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.
Patrimoine et Commerce 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.

PATP Past Performance

  How has Patrimoine et Commerce 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 Patrimoine et Commerce'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.
  • Patrimoine et Commerce's year on year earnings growth rate has been positive over the past 5 years.
  • Patrimoine et Commerce's 1-year earnings growth is less than its 5-year average (6.4% vs 8.4%)
  • Patrimoine et Commerce's earnings growth has exceeded the GB REITs industry average in the past year (6.4% vs -20.8%).
Earnings and Revenue History
Patrimoine et Commerce'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 Patrimoine et Commerce Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:PATP 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 43.61 25.69 5.36
2019-09-30 43.53 25.90 5.43
2019-06-30 43.48 26.14 5.57
2019-03-31 42.47 25.16 5.66
2018-12-31 41.43 24.15 5.66
2018-09-30 41.12 25.62 5.63
2018-06-30 40.80 27.09 5.59
2018-03-31 40.23 28.29 5.47
2017-12-31 39.66 29.49 5.35
2017-09-30 39.98 28.87 5.17
2017-06-30 40.31 28.25 4.99
2017-03-31 40.61 27.09 4.97
2016-12-31 40.91 25.93 4.95
2016-09-30 39.43 25.08 4.91
2016-06-30 37.96 24.23 4.87
2016-03-31 36.40 25.43 4.77
2015-12-31 34.85 26.62 4.67
2015-09-30 34.01 21.81 4.89
2015-06-30 33.17 16.99 5.12
2015-03-31 32.17 13.16 5.17
2014-12-31 31.16 9.34 5.22
2014-09-30 34.32 11.77 5.19
2014-06-30 37.47 14.21 5.16
2014-03-31 37.10 16.29 5.63
2013-12-31 36.73 18.37 6.10
2013-09-30 30.28 15.68 5.31
2013-06-30 23.82 13.00 4.51
2013-03-31 21.17 10.50 3.33

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

PATP Health

 How is Patrimoine et Commerce'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 Patrimoine et Commerce's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Patrimoine et Commerce's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Patrimoine et Commerce's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Patrimoine et Commerce'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 0.2x 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 Patrimoine et Commerce Company Filings, last reported 2 months ago.

BATS-CHIXE:PATP Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 388.72 386.29 38.36
2019-09-30 388.72 386.29 38.36
2019-06-30 376.72 345.67 18.31
2019-03-31 376.72 345.67 18.31
2018-12-31 383.86 331.30 28.89
2018-09-30 383.86 331.30 28.89
2018-06-30 360.55 323.14 30.22
2018-03-31 360.55 323.14 30.22
2017-12-31 366.34 319.30 19.17
2017-09-30 366.34 319.30 19.17
2017-06-30 336.84 266.42 21.97
2017-03-31 336.84 266.42 21.97
2016-12-31 338.83 275.11 44.51
2016-09-30 338.83 275.11 44.51
2016-06-30 316.17 269.76 32.24
2016-03-31 316.17 269.76 32.24
2015-12-31 317.40 255.96 45.91
2015-09-30 317.40 255.96 45.91
2015-06-30 287.72 203.36 43.85
2015-03-31 287.72 203.36 43.85
2014-12-31 286.52 208.84 70.77
2014-09-30 286.52 208.84 70.77
2014-06-30 234.24 167.79 6.83
2014-03-31 234.24 167.79 6.83
2013-12-31 237.11 164.58 18.25
2013-09-30 237.11 164.58 18.25
2013-06-30 226.72 171.91 16.65
2013-03-31 226.72 171.91 16.65
  • Patrimoine et Commerce's level of debt (99.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (72.9% vs 99.4% today).
  • Debt is not well covered by operating cash flow (11.5%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.8x coverage).
X
Financial health checks
We assess Patrimoine et Commerce'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. Patrimoine et Commerce has a total score of 1/6, 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.

PATP Dividends

 What is Patrimoine et Commerce'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
6.72%
Current annual income from Patrimoine et Commerce dividends.
If you bought €2,000 of Patrimoine et Commerce shares you are expected to receive €134 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?
  • Patrimoine et Commerce's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.12%).
  • Patrimoine et Commerce's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.76%).
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:PATP 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 49 Stocks 4.3%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 679 Stocks 5.1%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.2%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.1%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:PATP Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
BATS-CHIXE:PATP Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-03 1.250 6.610
2019-02-28 1.200 6.725
2018-09-26 1.150 7.280
2018-03-13 1.150 5.866
2017-09-28 1.080 4.986
2017-03-09 1.080 4.506
2016-09-28 1.000 4.263
2016-03-08 1.000 4.562
2015-09-30 0.850 4.165
2015-03-23 0.850 4.177
2014-09-30 0.800 3.749
2014-03-28 0.630 3.004
2013-09-26 0.630 3.404
2013-04-24 0.630 3.570

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

  • Whilst dividend payments have been stable, Patrimoine et Commerce has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Patrimoine et Commerce only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Patrimoine et Commerce's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x 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 Patrimoine et Commerce's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Patrimoine et Commerce afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Patrimoine et Commerce 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.

PATP Management

 What is the CEO of Patrimoine et Commerce'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.
  • Patrimoine et Commerce has no CEO, or we have no data on them.
Management Team

Eric Duval

TITLE
Manager of Duval Gestion & MD

Pauline Duval

TITLE
Manager of Duval Gestion
Board of Directors Tenure

Average tenure and age of the Patrimoine et Commerce board of directors in years:

5.3
Average Tenure
53
Average Age
  • The tenure for the Patrimoine et Commerce board of directors is about average.
Board of Directors

Christian Louis-Victor

TITLE
Chairman of the Supervisory Board
COMPENSATION
€12K
TENURE
5 yrs

Eric Ranjard

TITLE
Independent Member of Supervisory Board
COMPENSATION
€31K
AGE
72

Lydia Le Clair

TITLE
Member of Supervisory Board
COMPENSATION
€12K

Jean-Hubert Moitry

TITLE
Independent Member of Supervisory Board
COMPENSATION
€6K

Jean-Michel Boukhers

TITLE
Independent Member of Supervisory Board
COMPENSATION
€18K

Marie Tournier

TITLE
Independent Member of the Supervisory Board
COMPENSATION
€8K
TENURE
5.7 yrs

Chantal Du Rivau

TITLE
Member of Supervisory Board
COMPENSATION
€18K
AGE
63
TENURE
5.7 yrs

Pierre-André Perissol

TITLE
Independent Member of the Supervisory Board
COMPENSATION
€8K
TENURE
5 yrs

Margaux Graff

TITLE
Member of Supervisory Board
COMPENSATION
€8K
AGE
25

Emmanuel Chabas

TITLE
Member of Supervisory Board
COMPENSATION
€8K
AGE
43
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 Patrimoine et Commerce'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. Patrimoine et Commerce 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.

PATP News

Simply Wall St News

PATP Company Info

Description

Patrimoine et Commerce SA, a real estate company, engages in the acquisition, development, and operation of commercial real estate properties in France. The company operates a portfolio of 31 real estate assets covering a total area of 129,280 square meters located in high-attraction areas in the suburbs or centers of medium-sized cities. Its property portfolio includes shopping malls, supermarkets, shops, and business parks. The company is based in Boulogne-Billancourt, France.

Details
Name: Patrimoine et Commerce SA
PATP
Exchange: BATS-CHIXE
Founded: 1994
€256,824,224
13,807,754
Website: http://www.patrimoine-commerce.com
Address: Patrimoine et Commerce SA
7/9 rue Nationale,
Boulogne-Billancourt,
Ile-de-France, 92100,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA PAT Common Stock Euronext Paris FR EUR 02. Mar 1998
LSE 0P30 Common Stock London Stock Exchange GB EUR 02. Mar 1998
BATS-CHIXE PATP Common Stock BATS 'Chi-X Europe' GB EUR 02. Mar 1998
Number of employees
Current staff
Staff numbers
9
Patrimoine et Commerce employees.
Industry
Diversified REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/08 19:47
End of day share price update: 2019/12/10 00:00
Last estimates confirmation: 2019/03/01
Last earnings filing: 2020/03/03
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.