Frey SA (FR:FREY)
:FREY
Want to see FR:FREY full AI Analyst Report?
Top Page
Frey SA
(FREY)
Select Model
Select Model
Rating:65Neutral
Price Target:
€39.00
▲(30.87% Upside)
Action:Reiterated
Date:03/07/26
The score is anchored by strong operating performance but is pulled down by higher leverage and sharply negative 2025 free cash flow. Valuation is a key support (low P/E and high dividend yield), while technicals are constructive but appear overbought, limiting near-term upside confidence.
Positive Factors
Revenue Growth Trend
Sustained high revenue growth across 2023–2025 indicates rising tenant demand and successful asset or leasing activity. Over a 2–6 month horizon this durable top-line momentum supports recurring rent rolls, strengthens negotiating position with tenants, and underpins future cash generation from owned retail destinations.
Negative Factors
Rising Financial Leverage
Material increase in leverage reduces financial flexibility and amplifies sensitivity to interest-rate moves and refinancing cycles. Over the medium term higher debt levels make the company more vulnerable to property value swings or tighter lending terms, raising funding and solvency risk if market conditions shift.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Trend
Sustained high revenue growth across 2023–2025 indicates rising tenant demand and successful asset or leasing activity. Over a 2–6 month horizon this durable top-line momentum supports recurring rent rolls, strengthens negotiating position with tenants, and underpins future cash generation from owned retail destinations.
Read all positive factors
Frey SA (FREY) vs. iShares MSCI France ETF (EWQ)
Market Cap
€1.17B
Dividend Yield6.51%
Average Volume (3M)644.00
Price to Earnings (P/E)15.2
Beta (1Y)0.07
Revenue Growth21.16%
EPS Growth92.51%
CountryFR
Employees103
SectorReal Estate
Sector Strength53
IndustryREIT - Retail
Share Statistics
EPS (TTM)2.41
Shares Outstanding32,250,100
10 Day Avg. Volume408
30 Day Avg. Volume644
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)0.89
Price to Sales (P/S)4.06
P/FCF Ratio-4.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€35.00Price Target Upside17.45% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)2.33
Revenue Forecast (FY)€183.10M
Frey SA Business Overview & Revenue Model
Company Description
Frey S.A. specializes in the development, ownership, and management of commercial property assets, primarily situated in France. The company's operations are largely centered on eco-friendly retail parks. By the close of 2010, its property portfol...
How the Company Makes Money
Frey SA primarily makes money through (1) recurring rental income from commercial properties it owns and operates, where tenants (retailers and other commercial occupants) pay base rent and, depending on lease terms, additional charges such as ser...
Frey SA Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
57
Neutral
Cash Flow
45
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 231.70M | 191.31M | 149.69M | 127.34M | 101.22M |
| Gross Profit | 145.00M | 124.38M | 99.20M | 79.12M | 65.31M |
| EBITDA | 152.60M | 124.79M | 79.02M | 57.97M | 50.47M |
| Net Income | 77.40M | 40.00M | 18.86M | 129.38M | 65.43M |
Balance Sheet | |||||
| Total Assets | 3.22B | 2.52B | 2.40B | 2.05B | 1.76B |
| Cash, Cash Equivalents and Short-Term Investments | 244.75M | 321.29M | 72.98M | 72.06M | 84.47M |
| Total Debt | 1.45B | 1.24B | 1.00B | 807.66M | 615.36M |
| Total Liabilities | 2.07B | 1.42B | 1.28B | 997.47M | 789.17M |
| Stockholders Equity | 1.06B | 1.05B | 1.05B | 990.08M | 907.17M |
Cash Flow | |||||
| Free Cash Flow | -203.20M | 60.69M | 57.53M | 27.09M | 15.40M |
| Operating Cash Flow | 105.30M | 110.72M | 61.04M | 44.88M | 40.98M |
| Investing Cash Flow | -409.00M | 66.02M | -267.08M | -209.86M | -148.88M |
| Financing Cash Flow | 226.90M | 71.52M | 206.85M | 138.91M | 136.23M |
Frey SA Technical Analysis
Positive
29.80
Price Trends
34.27
Positive
32.73
Positive
30.90
Positive
Market Momentum
0.44
Negative
91.48
Negative
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:FREY, the sentiment is Positive. The current price of 29.8 is below the 20-day moving average (MA) of 34.99, below the 50-day MA of 34.27, and below the 200-day MA of 30.90, indicating a bullish trend. The MACD of 0.44 indicates Negative momentum. The RSI at 91.48 is Negative, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:FREY.
Frey SA Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | €10.06B | 11.72 | 11.02% | 5.04% | 4.50% | 18.25% | |
71 Outperform | €2.30B | 12.37 | ― | 7.42% | 7.56% | -40.58% | |
68 Neutral | €401.45M | 9.39 | ― | 5.92% | -6.19% | -0.61% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | €1.17B | 15.17 | 0.61% | 6.51% | 21.16% | 92.51% | |
60 Neutral | €14.25B | 11.24 | ― | 3.80% | -6.07% | 745.49% | |
52 Neutral | €1.09B | 32.28 | 5.80% | 9.24% | 5.37% | -36.81% |
* Real Estate Sector Average
FR:FREY
Frey SA
36.40
9.22
33.95%
FR:LI
Klepierre (ex Compagnie Fonciere Klepierre)
35.68
3.74
11.71%
FR:MERY
MERCIALYS
11.66
1.82
18.48%
FR:URW
Unibail Rodamco Westfield
98.70
21.67
28.14%
FR:CARM
Carmila SAS
16.48
1.13
7.39%
FR:PAT
Patrimoine et Commerce
24.90
2.25
9.93%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.