Paref SA (PAR) AI Stock Analysis

• Market Cap: €55.60M
• Dividend Yield: 4.09%
• Average Volume (3M): 195.00
• Price to Earnings (P/E): ―
• Beta (1Y): 0.11
• Revenue Growth: -5.49%
• EPS Growth: 64.41%
• Country: FR
• Employees: 79
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Diversified
• EPS (TTM): -3.05
• Shares Outstanding: 1,516,949
• 10 Day Avg. Volume: 178
• 30 Day Avg. Volume: 195
• PEG Ratio: 0.16
• Price to Book (P/B): 0.53
• Price to Sales (P/S): 2.25
• P/FCF Ratio: 7.85
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 49 Neutral
• Price Target: ―

Paref SA faces significant financial challenges with declining revenue and profitability, impacting its overall financial health. Technical analysis provides a mixed outlook, with some positive momentum indicators, but caution is advised due to the stock trading below its long-term moving average. Valuation is weak due to negative earnings, though the dividend yield offers some appeal. Overall, the stock's challenges dominate its potential, leading to a below-average score.

Paref SA Business Overview & Revenue Model

Company 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.

How the Company Makes Money

Paref SA generates revenue primarily through rental income from its portfolio of commercial and residential properties under the Property Investment segment. This includes leasing office spaces, retail outlets, and residential units to tenants. Additionally, the company earns management fees through its Management on behalf of third parties segment by providing asset management and real estate management services to external clients, which include institutional investors and private individuals. Significant partnerships with financial institutions and real estate developers also contribute to its business operations and earnings.

Paref SA Financial Statement Overview

Summary

Overall, Paref SA is facing substantial financial challenges, particularly in its income statement with declining revenue and profitability. While the balance sheet shows reasonable leverage, ongoing losses could impact financial health. Cash flow improvements are a positive sign, but sustainability is uncertain given recent losses.

Income Statement

Paref SA has faced declining revenues over the past years, with a significant drop of 7.6% from 2023 to 2024. The company also experienced negative EBIT and net income in the latest year, indicating profitability challenges. Despite previous profitability in 2020 and 2021, recent performance shows a downturn in operational efficiency.

Balance Sheet

The company's debt-to-equity ratio remains moderate, indicating a balanced leverage position, but there has been a decrease in equity from 2023 to 2024. Despite this, the equity ratio remains stable. The company's ability to manage debt appears to be adequate, though recent losses could strain future financial stability.

Cash Flow

Paref SA has shown improvement in operating cash flow from 2023 to 2024, with a significant increase in free cash flow, suggesting better cash generation. However, the free cash flow to net income ratio is unreliable due to net losses, raising concerns about cash flow sustainability amidst profitability challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	25.65M	26.16M	28.33M	43.91M	32.74M	36.37M
Gross Profit	25.65M	22.19M	28.33M	40.99M	29.29M	32.67M
EBITDA	3.29M	5.05M	-11.19M	6.75M	13.29M	9.99M
Net Income	-5.37M	-5.39M	-16.43M	4.04M	11.03M	8.15M
Balance Sheet
Total Assets	206.25M	214.33M	211.92M	228.17M	220.87M	221.83M
Cash, Cash Equivalents and Short-Term Investments	6.83M	10.12M	7.56M	10.28M	8.85M	7.33M
Total Debt	732.00K	79.89M	71.00M	60.67M	61.06M	66.24M
Total Liabilities	101.55M	102.63M	90.72M	83.73M	74.78M	84.03M
Stockholders Equity	104.70M	111.71M	121.20M	144.44M	146.08M	137.81M
Cash Flow
Free Cash Flow	3.24M	7.49M	3.23M	7.05M	4.13M	9.15M
Operating Cash Flow	3.40M	7.76M	3.38M	7.29M	4.57M	9.69M
Investing Cash Flow	303.00K	-5.98M	-8.12M	2.76M	6.66M	-1.92M
Financing Cash Flow	-1.41M	790.00K	2.02M	-8.62M	-9.71M	-16.80M

Paref SA Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 36.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:PAR, the sentiment is Negative. The current price of 36.1 is below the 20-day moving average (MA) of 36.78, below the 50-day MA of 37.81, and below the 200-day MA of 37.74, indicating a bearish trend. The MACD of -0.10 indicates Negative momentum. The RSI at 46.49 is Neutral, neither overbought nor oversold. The STOCH value of 69.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:PAR.

Paref SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CARM	78 Outperform	€2.45B	7.04	9.19%	7.18%	16.69%	574.43%
NEX	74 Outperform	€5.64B	11.51	15.39%	2.01%	12.65%	81.77%
GFC	66 Neutral	€6.38B	12.39	2.95%	5.90%	3.84%	―
URW	62 Neutral	€12.77B	16.52	0.83%	3.92%	4.09%	―
PAR	49 Neutral	€55.60M	―	-4.90%	4.09%	-5.49%	64.41%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

Paref SA Corporate Events

PAREF Releases Semester Report on Liquidity Contract

PAREF has released its semester report on the liquidity contract managed by Invest Securities, covering ordinary shares. As of December 31, 2024, the liquidity account held 1,260 shares and €32,638.14. During the second half of 2024, 2,360 shares were purchased and 2,575 were sold, with a total capital amount of €95,724.80 for purchases and €105,272.60 for sales. This activity reflects PAREF’s ongoing efforts to maintain liquidity and stability in its share transactions, which is crucial for its market positioning and investor confidence.

Paref SA Reports 2024 Results and Outlines Future Strategy

Paref SA has reported its 2024 full-year results, highlighting a slight increase in owned asset value and a decrease in financial occupancy rates. The company has shown resilience in third-party asset management, with a 4% increase in assets under management and a 17% rise in management fee revenues. Strategic developments include a lease renewal in La Défense, assistance to Parkway Life REIT in its European portfolio acquisition, and the initiation of fund management activities in Italy. Paref has launched a property management subsidiary, SOLIA Paref, and renewed its fund range to enhance distribution rates. The company proposes maintaining a dividend of €1.5 per share for 2024, with a focus on sustainable portfolio management and expanding its ‘ONE-STOP-SHOP’ offering for 2025.