GMP Property SOCIMI SA
MAD:YGMP
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P/FCFE
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Valuation Scenarios
If P/FCFE returns to its 3-Year Average (31.5), the stock would be worth €115.29 (79% upside from current price).
| Scenario | P/FCFE Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 17.6 | €64.5 |
0%
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| 3-Year Average | 31.5 | €115.29 |
+79%
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| 5-Year Average | 31.9 | €117.1 |
+82%
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| Industry Average | 18.5 | €67.8 |
+5%
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| Country Average | 15.6 | €57.22 |
-11%
|
Forward P/FCFE
Today’s price vs future free cash flow to equity
Peer Comparison
| Market Cap | P/FCFE | P/E | ||||
|---|---|---|---|---|---|---|
| ES |
G
|
GMP Property SOCIMI SA
MAD:YGMP
|
1.2B EUR | 17.6 | 7.2 | |
| ZA |
G
|
Growthpoint Properties Ltd
JSE:GRT
|
55.4B ZAR | 15.3 | 10.7 | |
| ZA |
R
|
Redefine Properties Ltd
JSE:RDF
|
44B ZAR | 2 730.8 | 10.7 | |
| US |
|
WP Carey Inc
NYSE:WPC
|
15.9B USD | -20.6 | 34.1 | |
| ZA |
F
|
Fairvest Ltd
JSE:FTA
|
13.7B ZAR | -39.3 | 9.3 | |
| ZA |
A
|
Attacq Ltd
JSE:ATT
|
11.6B ZAR | 26 | 8.1 | |
| ES |
|
MERLIN Properties SOCIMI SA
MAD:MRL
|
8.4B EUR | 26 | 10.9 | |
| JP |
|
KDX Realty Investment Corp
OTC:KDXRF
|
9.5B USD | 25.7 | 44.3 | |
| ZA |
S
|
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
|
9B ZAR | -9.2 | 16 | |
| ZA |
H
|
Heriot REIT Ltd
JSE:HET
|
7.3B ZAR | 5.1 | 5.6 | |
| AU |
|
Stockland Corporation Ltd
ASX:SGP
|
9.8B AUD | 12.8 | 11.2 |
Market Distribution
| Min | 1.4 |
| 30th Percentile | 10.4 |
| Median | 15.6 |
| 70th Percentile | 26.3 |
| Max | 531.1 |
Other Multiples
GMP Property SOCIMI SA
Glance View
GMP Property SOCIMI SA stands as a notable player in Spain's real estate market, seamlessly blending strategic insight with operational prowess to generate value. Founded in the late 20th century, GMP has steadily carved out a distinct niche, particularly in Madrid, where its portfolio of premium office spaces and high-end business parks caters to some of the region's most prestigious corporate tenants. Operating as a SOCIMI, Spain's equivalent of a Real Estate Investment Trust (REIT), GMP enjoys tax efficiencies that come with a mandate to distribute a significant portion of its income back to shareholders. This structure enhances its appeal to investors searching for stable yields and exposure to the vibrant Spanish real estate landscape. GMP's business model revolves around the acquisition, development, and management of high-quality properties. By focusing on prime locations and investing in sustainable and innovative designs, the company ensures long-term tenancies and robust occupancy rates. Its seasoned management team combines an understanding of market dynamics with proactive tenant management, enabling GMP to secure long-term leases and maintain relatively low vacancy levels. Revenue generation stems primarily from rental income, augmented by periodic asset revaluation given the increase in property values in sought-after locations. In essence, GMP Property SOCIMI SA exemplifies a strategic approach to real estate investment, leveraging its assets and industry connections to deliver both immediate income and long-term capital appreciation.