(LI) Klepierre - PA
Sector: Real Estate | Industry: REIT - Retail | Exchange: PA (France) | Market Cap: 10.450m EUR | Total Return: -50.2% in 12m
Avg Turnover: 21.8M
Warnings
Choppy
Tailwinds
No distinct edge detected
Klépierre SA is a French Real Estate Investment Trust (SIIC) and the leading owner and operator of shopping malls in continental Europe. The company maintains a portfolio of large-scale retail centers across more than 10 countries, attracting over 720 million annual visitors. Its business model relies on high-density urban locations and a diverse tenant base to drive rental income and asset appreciation.
As a specialized Retail REIT, Klépierre operates under a tax-transparent structure that requires the distribution of a significant portion of taxable income to shareholders as dividends. The firm integrates Environmental, Social, and Governance (ESG) criteria into its operations, maintaining positions in several major ethical and sustainability indexes, including the MSCI Europe ESG Leaders and FTSE4Good.
Investors can evaluate the underlying valuation metrics and dividend sustainability of this REIT on ValueRay. Established in 2009 and headquartered in France, Klépierre is a constituent of the CAC Next 20 and EPRA Euro Zone indexes, reflecting its scale within the European property market.
- European consumer spending levels impact tenant sales and rental income growth
- Interest rate volatility affects debt refinancing costs and property valuation yields
- Occupancy rates in prime continental European shopping malls drive core revenue
- Retailer expansion strategies influence lease renewal terms and portfolio occupancy levels
- Dividend payout stability remains sensitive to French REIT regulatory compliance requirements
| Net Income: 990.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -0.75 > 1.0 |
| NWC/Revenue: -30.72% < 20% (prev -71.19%; Δ 40.47% < -1%) |
| CFO/TA 0.04 > 3% & CFO 931.4m > Net Income 990.6m |
| Net Debt (8.31b) to EBITDA (1.92b): 4.33 < 3 |
| Current Ratio: 0.69 > 1.5 & < 3 |
| Outstanding Shares: last quarter (323.5m) vs 12m ago 13.01% < -2% |
| Gross Margin: 72.18% > 18% (prev 73.94%; Δ -1.75% > 0.5%) |
| Asset Turnover: 7.66% > 50% (prev 7.87%; Δ -0.21% > 0%) |
| Interest Coverage Ratio: 6.65 > 6 (EBIT TTM 1.90b / Interest Expense TTM 286.3m) |
| A: -0.02 (Total Current Assets 1.11b - Total Current Liabilities 1.62b) / Total Assets 22.3b |
| B: 0.06 (Retained Earnings 1.30b / Total Assets 22.3b) |
| C: 0.09 (EBIT TTM 1.90b / Avg Total Assets 21.6b) |
| D: 0.86 (Book Value of Equity 9.32b / Total Liabilities 10.8b) |
| Altman-Z'' = 1.54 = BB |
| DSRI: 1.34 (Receivables 336.8m/249.8m, Revenue 1.66b/1.65b) |
| GMI: 1.02 (GM 73.94% / 72.18%) |
| AQI: 0.99 (AQ_t 0.95 / AQ_t-1 0.95) |
| SGI: 1.00 (Revenue 1.66b / 1.65b) |
| TATA: 0.00 (NI 990.6m - CFO 931.4m) / TA 22.3b) |
| Beneish M = -2.72 (Cap -4..+1) = A |
As of June 17, 2026, the stock is trading at EUR 36.20 with a total of 598,956 shares traded.
Over the past week, the price has changed by -0.50%,
over one month by -15.88%,
over three months by -23.03% and
over the past year by -50.21%.
Klepierre has no consensus analysts rating.
P/E Trailing = 8.0396
P/E Forward = 13.089
P/S = 5.9947
P/B = 1.1208
P/EG = 9.6715
Revenue TTM = 1.66b EUR
EBIT TTM = 1.90b EUR
EBITDA TTM = 1.92b EUR
Long Term Debt = 6.50b EUR (from longTermDebt, last quarter)
Short Term Debt = 1.62b EUR (from shortTermDebt, last quarter)
Debt = 9.14b EUR (from shortLongTermDebtTotal, last quarter) + Leases 348.0m
Net Debt = 8.31b EUR (calculated: Debt 9.14b - CCE 831.9m)
Enterprise Value = 18.8b EUR (10.4b + Debt 9.14b - CCE 831.9m)
Interest Coverage Ratio = 6.65 (Ebit TTM 1.90b / Interest Expense TTM 286.3m)
EV/FCF = 32.15x (Enterprise Value 18.8b / FCF TTM 583.5m)
FCF Yield = 3.11% (FCF TTM 583.5m / Enterprise Value 18.8b)
FCF Margin = 35.23% (FCF TTM 583.5m / Revenue TTM 1.66b)
Net Margin = 59.81% (Net Income TTM 990.6m / Revenue TTM 1.66b)
Gross Margin = 72.18% ((Revenue TTM 1.66b - Cost of Revenue TTM 460.7m) / Revenue TTM)
Gross Margin QoQ = 70.46% (prev 77.03%)
Tobins Q-Ratio = 0.84 (Enterprise Value 18.8b / Total Assets 22.3b)
Interest Expense / Debt = 3.13% (Interest Expense 286.3m / Debt 9.14b)
Taxrate = 13.01% (159.2m / 1.22b)
NOPAT = 1.66b (EBIT 1.90b * (1 - 13.01%))
Current Ratio = 0.69 (Total Current Assets 1.11b / Total Current Liabilities 1.62b)
Debt / Equity = 0.98 (Debt 9.14b / totalStockholderEquity, last quarter 9.32b)
Debt / EBITDA = 4.33 (Net Debt 8.31b / EBITDA 1.92b)
Debt / FCF = 14.24 (Net Debt 8.31b / FCF TTM 583.5m)
Total Stockholder Equity = 8.65b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.58% (Net Income 990.6m / Total Assets 22.3b)
RoE = 11.45% (Net Income TTM 990.6m / Total Stockholder Equity 8.65b)
RoCE = 12.57% (EBIT 1.90b / Capital Employed (Equity 8.65b + L.T.Debt 6.50b))
RoIC = 7.47% (NOPAT 1.66b / Invested Capital 22.2b)
WACC = 4.34% (E(10.4b)/V(19.6b) * Re(5.76%) + D(9.14b)/V(19.6b) * Rd(3.13%) * (1-Tc(0.13)))
Discount Rate = 5.76% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 55.56 | Cagr: 5.64%
[DCF] Terminal Value 73.10% ; FCFF base≈632.7m ; Y1≈554.8m ; Y5≈448.3m
[DCF] Fair Price = N/A (negative equity: EV 7.20b - Net Debt 8.31b = -1.11b; debt exceeds intrinsic value)
EPS Correlation: 91.90 | EPS CAGR: 145.6% | SUE: N/A | # QB: 0
Revenue Correlation: 50.06 | Revenue CAGR: 9.86% | SUE: 1.58 | # QB: 1
EPS current Year (2026-12-31): EPS=2.79 | Chg30d=+0.00% | Revisions=+11% | GrowthEPS=+2.8% | GrowthRev=+5.1%
EPS next Year (2027-12-31): EPS=2.86 | Chg30d=+0.00% | Revisions=+40% | GrowthEPS=+2.3% | GrowthRev=+2.8%
[Analyst] Revisions Ratio: +40%