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Paref SA
(PAR)
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Rating:49Neutral
Price Target:
€24.00
▼(-25.93% Downside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by weak and volatile financial performance, including repeated net losses and a sharp deterioration in operating/free cash flow in 2025. Technicals also lean soft with the stock below key longer-term moving averages and slightly negative MACD. A high dividend yield provides some support, but the negative P/E reflects ongoing losses and limits the valuation uplift.
Positive Factors
Diversified revenue model
Paref generates recurring rental income from owned commercial properties plus fee income from managing third‑party assets. This dual model provides stable cash flow diversity, scales with assets under management, and reduces sole dependence on property disposals for long‑term revenue.
Negative Factors
Repeated net losses
Three consecutive years of net losses and a deeply negative 2025 margin indicate persistent profitability issues. Continued losses erode retained earnings and can force strategic tradeoffs—dividend cuts, asset sales, or higher leverage—reducing long‑term shareholder value and operational flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified revenue model
Paref generates recurring rental income from owned commercial properties plus fee income from managing third‑party assets. This dual model provides stable cash flow diversity, scales with assets under management, and reduces sole dependence on property disposals for long‑term revenue.
Read all positive factors
Paref SA (PAR) vs. iShares MSCI France ETF (EWQ)
Market Cap
€37.87M
Dividend Yield6%
Average Volume (3M)166.00
Price to Earnings (P/E)―
Beta (1Y)-0.02
Revenue Growth-9.21%
EPS Growth-119.44%
CountryFR
Employees72
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 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...
How the Company Makes Money
Paref SA primarily generates earnings through two main sources. (1) Real estate investment income: it owns (directly or through subsidiaries/vehicles) income-producing real estate and earns recurring rental income from tenants; profitability is in...
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
Positive
32.40
Price Trends
24.25
Positive
24.77
Positive
28.34
Negative
Market Momentum
0.23
Negative
67.60
Neutral
90.28
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:PAR, the sentiment is Positive. The current price of 32.4 is above the 20-day moving average (MA) of 24.27, above the 50-day MA of 24.25, and above the 200-day MA of 28.34, indicating a neutral trend. The MACD of 0.23 indicates Negative momentum. The RSI at 67.60 is Neutral, neither overbought nor oversold. The STOCH value of 90.28 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | €428.86M | 10.32 | ― | 5.92% | -6.71% | 4.10% | |
62 Neutral | €356.50M | -3.14 | ― | 3.91% | 13.57% | -380.92% | |
59 Neutral | €350.16M | 125.64 | ― | 8.06% | -1.09% | -46.04% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | €37.87M | -3.19 | -11.70% | 4.59% | -9.21% | -119.44% |
* General Sector Average
FR:PAR
Paref SA
25.00
-14.00
-35.90%
FR:ATLD
Fonciere Atland
36.40
-6.61
-15.37%
FR:INEA
Fonciere INEA
31.90
0.43
1.36%
FR:IMDA
Immobiliere Dassault SA
46.50
-3.97
-7.87%
FR:PAT
Patrimoine et Commerce
26.10
2.66
11.36%
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.