Grand City Properties SA (GYC) AI Stock Analysis

• Market Cap: €1.90B
• Dividend Yield: N/A
• Average Volume (3M): 110.82K
• Price to Earnings (P/E): 8.6
• Beta (1Y): 0.47
• Revenue Growth: -1.22%
• EPS Growth: N/A
• Country: DE
• Employees: 614
• Sector: Real Estate
• Sector Strength: 66
• Industry: Real Estate - Services
• EPS (TTM): 0.35
• Shares Outstanding: 176,187,900
• 10 Day Avg. Volume: 101,783
• 30 Day Avg. Volume: 110,823
• PEG Ratio: -0.62
• Price to Book (P/B): 0.35
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 6.43
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €13.23
• Price Target Upside: 16.87% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 13

• Rating: 71 Outperform
• Price Target: €12.50 ▲(10.42%Upside)

Grand City Properties SA demonstrates strong financial performance with a solid recovery in profitability and cash flow. The technical analysis indicates positive momentum, and the stock is undervalued based on the P/E ratio. These factors contribute to a favorable overall score, despite the absence of earnings call data and notable corporate events.

Positive Factors

Financial Performance

FFO I for FY-24 was up 1.9% year-over-year to €187.5 million, within the guidance range and slightly above estimates.

Market Fundamentals

The underlying market fundamentals for residential landlords in Germany remain supportive for Grand City Properties.

Operational Efficiency

Grand City Properties' high operational efficiency, with an adjusted EBITDA margin of 78-79%, should help mitigate the impact from higher financing costs.

Negative Factors

Credit Rating

The latest review from Standard & Poor’s, which currently has a GCP rating of BBB+ with a negative outlook, is still pending.

Dividend Uncertainty

The dividend payment remains unclear and is subject to market conditions and AGM approval.

Share Price Performance

The performance of Grand City Properties’ share price has recently been weaker relative to its sector peers.

Grand City Properties SA Business Overview & Revenue Model

Company Description

Grand City Properties S.A. engages in the residential real estate business in Germany, the United Kingdom, and internationally. The company invests in, manages, and rents real estate properties in North Rhine-Westphalia and Berlin; metropolitan regions of Dresden, Leipzig, and Halle; and the cities in the north of Germany, Bremen, Hamburg, and Hannover, as well as other urban centers, such as Nuremberg, Munch, Mannheim, Frankfurt, and London. Grand City Properties S.A. was founded in 2004 and is based in Luxembourg.

How the Company Makes Money

Grand City Properties SA primarily generates revenue through rental income from its extensive portfolio of residential properties. The company focuses on acquiring undervalued properties in prime urban locations, upgrading them to improve living standards, and then renting them out at competitive rates. This approach not only maximizes occupancy rates but also enhances rental yields. Additionally, GYC may realize gains from the strategic sale of properties once they have appreciated in value. The company also benefits from economies of scale in property management, reducing operational costs and improving profitability. Key partnerships with local service providers and contractors further optimize property enhancements and maintenance, contributing to the overall financial performance of the company.

Grand City Properties SA Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
598.92M	607.74M	396.04M	374.55M	372.46M	560.30M
	Gross Profit
334.96M	328.69M	129.75M	156.49M	145.98M	304.57M
	EBIT
122.95M	-581.55M	412.80M	985.99M	640.15M	692.87M
	EBITDA
121.32M	317.79M	305.53M	299.38M	301.79M	295.55M
	Net Income Common Stockholders
-203.68M	-513.81M	153.96M	548.56M	395.07M	439.95M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
563.64M	1.23B	427.36M	1.11B	1.69B	1.06B
	Total Assets
8.99B	10.92B	11.13B	11.56B	10.87B	9.85B
	Total Debt
3.24B	4.25B	3.99B	4.51B	4.27B	3.81B
	Net Debt
2.83B	3.12B	3.67B	3.61B	2.86B	2.90B
	Total Liabilities
4.25B	5.69B	5.22B	5.76B	5.31B	4.88B
	Stockholders Equity
4.33B	3.48B	5.25B	5.19B	5.02B	4.52B
Cash Flow		Free Cash Flow
253.56M	246.86M	211.58M	208.69M	234.77M	242.40M
	Operating Cash Flow
255.71M	249.41M	216.12M	217.06M	242.15M	249.49M
	Investing Cash Flow
-22.70M	147.80M	-167.69M	-198.46M	-391.67M	-53.13M
	Financing Cash Flow
74.16M	405.30M	-567.42M	-537.19M	650.62M	114.80M

Grand City Properties SA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.32
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:GYC, the sentiment is Positive. The current price of 11.32 is above the 20-day moving average (MA) of 11.06, above the 50-day MA of 10.58, and below the 200-day MA of 11.37, indicating a neutral trend. The MACD of 0.20 indicates Positive momentum. The RSI at 61.74 is Neutral, neither overbought nor oversold. The STOCH value of 61.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:GYC.

Grand City Properties SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GYC	71 Outperform	€1.90B	8.62	6.27%	―	-1.22%	―
Sector *	61 Neutral	$2.82B	10.88	0.42%	8438.92%	5.74%	-20.95%
0I3Z		€1.52B	12.21	6.26%	13.18%	―	―
0QC9		€5.51B	21.96	3.32%	3.64%	―	―
0FJC		€670.44M	50.39	1.19%	4.35%	―	―
0JK4		€2.62B	24.13	3.56%	2.68%	―	―
AT1	63 Neutral	€3.18B	14.01	2.91%	―	-3.28%	―