Patrimoine et Commerce (PAT) AI Stock Analysis

• Market Cap: €390.51M
• Dividend Yield: 5.62%
• Average Volume (3M): 1.01K
• Price to Earnings (P/E): 10.2
• Beta (1Y): 0.38
• Revenue Growth: 15.61%
• EPS Growth: 17.82%
• Country: FR
• Employees: 6
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Retail
• EPS (TTM): 0.76
• Shares Outstanding: 15,972,458
• 10 Day Avg. Volume: 385
• 30 Day Avg. Volume: 1,014
• PEG Ratio: 0.19
• Price to Book (P/B): 0.65
• Price to Sales (P/S): 4.38
• P/FCF Ratio: 18.08
• 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: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: €27.00 ▲(12.50% Upside)

Patrimoine et Commerce's overall stock score is driven by its strong financial performance and attractive valuation, offset by neutral technical analysis. The company's robust revenue growth and profitability, along with a low P/E ratio and high dividend yield, suggest significant strengths. However, the neutral technical indicators indicate the stock is currently not in a clear trend, which tempers the overall score.

Positive Factors

Revenue Growth

Consistent revenue growth of 14.77% indicates strong demand for commercial properties and effective leasing strategies, enhancing long-term business stability.

Profitability

A high net profit margin demonstrates efficient operations and strong pricing power, ensuring sustainable profitability and competitive advantage.

Balance Sheet Health

A manageable debt-to-equity ratio indicates financial stability, allowing the company to invest in growth opportunities without excessive leverage.

Negative Factors

Free Cash Flow Decline

Declining free cash flow growth may limit the company's ability to fund new investments and maintain operational flexibility, impacting future growth.

Competitive Market

Operating in a competitive market may pressure margins and growth, requiring strategic initiatives to sustain market position and financial performance.

Cash Flow Stability

Ensuring stable cash flow is essential for ongoing operations and investment capacity, with current volatility posing a risk to long-term growth potential.

Patrimoine et Commerce Business Overview & Revenue Model

Company Description

Patrimoine et Commerce (PAT) is a French company specializing in the acquisition, management, and development of commercial real estate assets. The company primarily focuses on retail properties, shopping centers, and mixed-use developments, catering to both investors and tenants. PAT aims to enhance the value of its real estate portfolio through strategic asset management, redevelopment projects, and a commitment to sustainability.

How the Company Makes Money

Patrimoine et Commerce generates revenue through several key streams, primarily from leasing commercial spaces to retail tenants, which provides a steady income from rental payments. Additionally, the company profits from property sales and capital appreciation as the value of its real estate assets increases over time. Significant partnerships with retail brands and other stakeholders in the commercial real estate sector enhance PAT's market position and profitability. Furthermore, the company may engage in redevelopment projects that increase the value of existing properties, contributing to higher returns on investment.

Patrimoine et Commerce Financial Statement Overview

Summary

Patrimoine et Commerce exhibits a strong financial profile. The income statement shows robust revenue growth and profitability, with a remarkable net profit margin of 57.95%. The balance sheet is stable, with a manageable debt-to-equity ratio of 0.89. Cash flow is positive, but a decline in free cash flow growth requires attention to maintain financial health.

Income Statement

Patrimoine et Commerce has demonstrated a strong income statement profile with consistent revenue growth and solid profitability. The company achieved a revenue growth rate of 14.77% in the latest period, supported by a robust gross profit margin of 74.09% and a net profit margin of 57.95%. EBIT and EBITDA margins are also healthy, reflecting efficient operations. However, attention should be given to maintaining these growth rates in a competitive market.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.89, indicating manageable leverage levels. The equity ratio stands at 49.88%, showcasing a solid equity foundation. While return on equity is impressive at 8.56%, indicating effective use of shareholder capital, the company should monitor its total debt levels to mitigate potential risks.

Cash Flow

Cash flow analysis reveals a positive trajectory with a free cash flow growth rate of -21.63%, which requires attention despite strong operating cash flow to net income ratio of 0.78. The free cash flow to net income ratio is 0.42, suggesting sufficient cash generation to support operations and potential investments. Maintaining cash flow stability is crucial for future growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	73.88M	70.67M	61.57M	57.65M	54.82M	54.36M
Gross Profit	27.75M	52.38M	46.66M	44.60M	41.71M	42.41M
EBITDA	45.09M	43.86M	40.29M	38.10M	36.18M	37.06M
Net Income	38.19M	40.97M	29.03M	47.81M	31.52M	17.79M
Balance Sheet
Total Assets	969.56M	959.11M	906.55M	920.64M	882.13M	902.94M
Cash, Cash Equivalents and Short-Term Investments	25.86M	18.88M	27.94M	55.21M	50.79M	66.36M
Total Debt	420.51M	426.26M	415.64M	430.73M	420.12M	453.55M
Total Liabilities	490.80M	469.58M	455.83M	476.60M	467.39M	503.69M
Stockholders Equity	468.24M	478.49M	439.25M	431.23M	400.17M	381.55M
Cash Flow
Free Cash Flow	17.69M	17.14M	21.87M	-29.15M	20.07M	26.16M
Operating Cash Flow	30.58M	44.00M	41.08M	32.30M	36.08M	33.25M
Investing Cash Flow	-23.68M	-28.60M	-17.66M	-22.23M	3.17M	-20.00K
Financing Cash Flow	-6.68M	-24.53M	-50.68M	-5.60M	-54.62M	-5.22M

Patrimoine et Commerce Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 24.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:PAT, the sentiment is Negative. The current price of 24 is below the 20-day moving average (MA) of 24.38, below the 50-day MA of 24.63, and above the 200-day MA of 22.99, indicating a neutral trend. The MACD of -0.21 indicates Positive momentum. The RSI at 35.89 is Neutral, neither overbought nor oversold. The STOCH value of 36.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:PAT.

Patrimoine et Commerce Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IMDA	73 Outperform	€376.85M	9.65	―	4.11%	-2.53%	―
PAT	72 Outperform	€390.51M	10.16	―	5.62%	15.61%	17.82%
SELER	70 Outperform	€360.49M	10.60	―	4.91%	-6.93%	58.90%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
FREY	65 Neutral	€927.74M	146.49	0.61%	6.60%	8.81%	-78.28%
INEA	63 Neutral	€345.82M	68.88	―	8.39%	10.30%	―