Paref SA (FR:PAR)
:PAR
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Paref SA
(PAR)
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Rating:46Neutral
Price Target:
€24.50
▼(-24.38% Downside)
Action:Reiterated
Date:03/03/26
The score is primarily held back by weak financial performance: repeated net losses since 2023 and a sharp deterioration in 2025 operating/free cash flow despite revenue recovery. Technicals add further pressure with a clear downtrend and negative momentum indicators. Valuation is a partial offset via the ~5.17% dividend yield, but the negative P/E underscores ongoing profitability risk.
Positive Factors
Recurring asset-management fee model
Paref’s business earns recurring management fees from running real estate vehicles plus rental income from owned properties. This fee-based, asset-management backbone provides predictable, repeatable revenue streams and diversification versus pure-property sales, supporting mid-term cash flow stability.
Negative Factors
Sustained net losses since 2023
Three consecutive years of losses with a deeply negative 2025 margin signal structural profitability issues. Persistent negative earnings erode reserves and limit retained capital for reinvestment, increasing the need for asset sales or external capital to restore balance-sheet health over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring asset-management fee model
Paref’s business earns recurring management fees from running real estate vehicles plus rental income from owned properties. This fee-based, asset-management backbone provides predictable, repeatable revenue streams and diversification versus pure-property sales, supporting mid-term cash flow stability.
Read all positive factors
Paref SA (PAR) vs. iShares MSCI France ETF (EWQ)
Market Cap
€37.87M
Dividend Yield4.59%
Average Volume (3M)166.00
Price to Earnings (P/E)―
Beta (1Y)0.05
Revenue Growth-9.21%
EPS Growth-119.44%
CountryFR
Employees79
SectorGeneral
Sector StrengthN/A
IndustryREIT - Diversified
Share Statistics
EPS (TTM)-7.83
Shares Outstanding1,516,949
10 Day Avg. Volume267
30 Day Avg. Volume166
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)0.50
Price to Sales (P/S)1.63
P/FCF Ratio-111.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Paref SA Business Overview & Revenue Model
Company Description
Paref S.A. primarily focuses on the ownership and administration of commercial properties, predominantly situated in the Greater Paris region. Its extensive activities involve the management and leasing of various asset types, such as office space...
How the Company Makes Money
Paref SA generates earnings primarily through two pillars: (1) asset management and fund-related fees and (2) income and value creation from real estate held on its own balance sheet. On the asset management side, the company earns recurring reven...
Paref SA Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
58
Neutral
Cash Flow
41
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 29.93M | 26.16M | 28.33M | 43.91M | 32.74M |
| Gross Profit | 16.63M | 22.19M | 28.33M | 40.99M | 29.29M |
| EBITDA | -5.72M | 5.05M | -11.19M | 6.75M | 13.29M |
| Net Income | -11.86M | -5.39M | -16.43M | 4.04M | 11.03M |
Balance Sheet | |||||
| Total Assets | 198.79M | 214.33M | 211.92M | 228.17M | 220.87M |
| Cash, Cash Equivalents and Short-Term Investments | 8.07M | 10.12M | 7.56M | 10.28M | 8.85M |
| Total Debt | 78.16M | 79.89M | 71.61M | 62.80M | 61.65M |
| Total Liabilities | 100.64M | 102.63M | 90.72M | 83.73M | 74.78M |
| Stockholders Equity | 98.15M | 111.71M | 121.20M | 144.44M | 146.08M |
Cash Flow | |||||
| Free Cash Flow | -437.00K | 7.49M | 3.23M | 7.05M | 4.13M |
| Operating Cash Flow | 1.71M | 7.76M | 3.38M | 7.29M | 4.57M |
| Investing Cash Flow | 1.82M | -5.98M | -8.12M | 2.76M | 6.66M |
| Financing Cash Flow | -5.59M | 790.00K | 2.02M | -8.62M | -9.71M |
Paref SA Technical Analysis
Neutral
32.40
Price Trends
25.27
Negative
27.44
Negative
31.54
Negative
Market Momentum
-0.21
Negative
45.76
Neutral
19.05
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:PAR, the sentiment is Neutral. The current price of 32.4 is above the 20-day moving average (MA) of 25.09, above the 50-day MA of 25.27, and above the 200-day MA of 31.54, indicating a bearish trend. The MACD of -0.21 indicates Negative momentum. The RSI at 45.76 is Neutral, neither overbought nor oversold. The STOCH value of 19.05 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FR:PAR.
Paref SA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | €391.78M | 9.43 | ― | 5.92% | -6.19% | -0.61% | |
63 Neutral | €369.31M | 16.98 | ― | 3.91% | 15.72% | 2.19% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | €357.74M | 94.02 | ― | 8.06% | 4.97% | ― | |
48 Neutral | €1.08B | -18.49 | -10.94% | ― | -6.74% | 85.60% | |
46 Neutral | €37.87M | -3.19 | -11.70% | 4.59% | -9.21% | -119.44% |
* General Sector Average
FR:PAR
Paref SA
25.00
-14.30
-36.39%
FR:EIFF
Societe de la Tour Eiffel
8.14
3.10
61.51%
FR:ATLD
Fonciere Atland
39.00
-6.70
-14.66%
FR:INEA
Fonciere INEA
33.00
0.79
2.45%
FR:IMDA
Immobiliere Dassault SA
49.00
0.01
0.02%
FR:PAT
Patrimoine et Commerce
24.90
1.87
8.12%
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.