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GMP Property SOCIMI SA
MAD:YGMP

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GMP Property SOCIMI SA
MAD:YGMP
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Price: 64.5 EUR Market Closed
Market Cap: €1.2B

P/FCFE

17.6
Current
44%
Cheaper
vs 3-y average of 31.5

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.

P/FCFE
17.6
=
Market Cap
€1.2B
/
Free Cash Flow to Equity
€70.1m

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.

P/FCFE
17.6
=
Market Cap
€1.2B
/
Free Cash Flow to Equity
€70.1m

Valuation Scenarios

GMP Property SOCIMI SA is trading below its 3-year average

If P/FCFE returns to its 3-Year Average (31.5), the stock would be worth €115.29 (79% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-11%
Maximum Upside
+82%
Average Upside
39%
Scenario P/FCFE Value Implied Price Upside/Downside
Current Multiple 17.6 €64.5
0%
3-Year Average 31.5 €115.29
+79%
5-Year Average 31.9 €117.1
+82%
Industry Average 18.5 €67.8
+5%
Country Average 15.6 €57.22
-11%

Forward P/FCFE
Today’s price vs future free cash flow to equity

Not enough data available to calculate forward P/FCFE

Peer Comparison

All Multiples
P/FCFE
P/E
All Countries
Close

Market Distribution

In line with most companies in Spain
Percentile
56th
Based on 497 companies
56th percentile
17.6
Low
1.4 — 10.4
Typical Range
10.4 — 26.3
High
26.3 —
Distribution Statistics
Spain
Min 1.4
30th Percentile 10.4
Median 15.6
70th Percentile 26.3
Max 531.1

GMP Property SOCIMI SA
Glance View

Market Cap
1.2B EUR
Industry
Real Estate

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.

YGMP Intrinsic Value
67.53 EUR
Undervaluation 4%
Intrinsic Value
Price €64.5
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