Societe Fonciere Lyonnaise (XPAR:FLY) Intrinsic Value: Projected FCF : €93.46 (As of May. 12, 2024)

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What is Societe Fonciere Lyonnaise Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-05-12), Societe Fonciere Lyonnaise's Intrinsic Value: Projected FCF is €93.46. The stock price of Societe Fonciere Lyonnaise is €67.20. Therefore, Societe Fonciere Lyonnaise's Price-to-Intrinsic-Value-Projected-FCF of today is 0.7.

The historical rank and industry rank for Societe Fonciere Lyonnaise's Intrinsic Value: Projected FCF or its related term are showing as below:

XPAR:FLY' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.64 Med: 0.73 Max: 0.79
Current: 0.72

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Societe Fonciere Lyonnaise was 0.79. The lowest was 0.64. And the median was 0.73.

XPAR:FLY's Price-to-Projected-FCF is ranked worse than
53.93% of 547 companies
in the REITs industry
Industry Median: 0.67 vs XPAR:FLY: 0.72

Societe Fonciere Lyonnaise Intrinsic Value: Projected FCF Historical Data

The historical data trend for Societe Fonciere Lyonnaise's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Societe Fonciere Lyonnaise Intrinsic Value: Projected FCF Chart

Societe Fonciere Lyonnaise Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Intrinsic Value: Projected FCF

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101.48

100.47

100.68

108.13

93.46

Societe Fonciere Lyonnaise Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Intrinsic Value: Projected FCF	Get a 7-Day Free Trial															100.68	-	108.13	-	93.46

Competitive Comparison of Societe Fonciere Lyonnaise's Intrinsic Value: Projected FCF

For the REIT - Office subindustry, Societe Fonciere Lyonnaise's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Societe Fonciere Lyonnaise's Price-to-Projected-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Societe Fonciere Lyonnaise's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Societe Fonciere Lyonnaise's Price-to-Projected-FCF falls into.

Societe Fonciere Lyonnaise Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)

Add all the Free Cash Flow together and divide 6 will get Societe Fonciere Lyonnaise's Free Cash Flow(6 year avg) = €123.29.

Societe Fonciere Lyonnaise's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF	=	(Growth Multiple	*	Free Cash Flow (6 year avg)	+	Total Stockholders Equity (Dec23)	*	0.8)	/	Shares Outstanding (Diluted Average)
	=	(9.5203515959648	*	123.29157142857	+	3540.164	*	0.8)	/	42.862
	=	93.46

Societe Fonciere Lyonnaise (XPAR:FLY) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Societe Fonciere Lyonnaise's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF	=	Share Price	/	Intrinsic Value: Projected FCF
	=	67.20	/	93.460648332299
	=	0.72

Societe Fonciere Lyonnaise Intrinsic Value: Projected FCF Related Terms

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Societe Fonciere Lyonnaise (XPAR:FLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Societe Fonciere Lyonnaise SA (XPAR:FLY) » Definitions » Intrinsic Value: Projected FCF

Comparable Companies

Traded in Other Exchanges

N/A

Address

42, rue Washington, Paris, FRA, 75008

Website

https://www.fonciere-lyonnaise.com

Societe Fonciere Lyonnaise SA, or SFL, is a French real estate company primarily involved in the acquisition, development, renovation, and leasing of large office buildings in the major business districts of central and western Paris. The company's real estate portfolio is mostly composed of modern office buildings. Retail properties also make up a sizable amount of SFL's holdings. The vast majority of the company's assets are located in Paris' central business district. SFL derives nearly all of its income in the form of rental revenue from leasing its properties to companies. Its largest tenants include law firms, consultancies, fashion houses, media companies, and financial services groups.