(GYC) Grand City Properties - Overview
Sector: Real Estate | Industry: Real Estate Services | Exchange: XETRA (Germany) | Market Cap: 1.728m EUR | Total Return: -12.8% in 12m
Avg Turnover: 1.09M
Rev. Trend: 46.6%
Qual. Beats: 0
Warnings
Earnings expected to drop: P/E 3.9 → Forward 9.6
Choppy
Tailwinds
No distinct edge detected
Grand City Properties S.A. is a Luxembourg-based real estate operating company specializing in the acquisition, management, and rental of residential properties. The firm focuses primarily on densely populated urban centers in Germany, including Berlin and North Rhine-Westphalia, while maintaining a presence in the United Kingdom.
The business model centers on long-term value creation by optimizing property yields and occupancy rates within stable metropolitan rental markets. As a subsidiary of Aroundtown SA, the company leverages scale to manage financing activities and property portfolios across diverse geographic regions. For a deeper analysis of the companys financial health, consider reviewing the latest metrics on ValueRay.
In the German residential sector, companies often benefit from high demand in urban hubs, though they must navigate complex local rent regulations and interest rate environments. Grand City Properties mitigates regional risk by diversifying its holdings across multiple high-growth metropolitan areas.
- German rental income growth driven by high demand and low vacancy rates
- Higher interest rates impact property valuations and increase refinancing costs
- German rent control legislation limits potential revenue growth in key urban hubs
- Strategic asset disposals at book value provide liquidity for debt reduction
- Population growth in Berlin and North Rhine-Westphalia sustains long-term occupancy levels
| Net Income: 499.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -0.64 > 1.0 |
| NWC/Revenue: 114.8% < 20% (prev 292.7%; Δ -177.9% < -1%) |
| CFO/TA 0.02 > 3% & CFO 207.0m > Net Income 499.9m |
| Net Debt (4.16b) to EBITDA (513.0m): 8.12 < 3 |
| Current Ratio: 1.74 > 1.5 & < 3 |
| Outstanding Shares: last quarter (176.5m) vs 12m ago 0.04% < -2% |
| Gross Margin: 64.35% > 18% (prev 0.50%; Δ 6.39k% > 0.5%) |
| Asset Turnover: 6.42% > 50% (prev 4.49%; Δ 1.92% > 0%) |
| Interest Coverage Ratio: 7.46 > 6 (EBITDA TTM 513.0m / Interest Expense TTM 67.9m) |
| A: 0.07 (Total Current Assets 1.98b - Total Current Liabilities 1.13b) / Total Assets 11.6b |
| B: 0.34 (Retained Earnings 3.94b / Total Assets 11.6b) |
| C: 0.04 (EBIT TTM 506.3m / Avg Total Assets 11.5b) |
| D: 0.55 (Book Value of Equity 3.78b / Total Liabilities 6.83b) |
| Altman-Z'' = 2.47 = A |
| DSRI: 0.61 (Receivables 382.8m/435.8m, Revenue 735.3m/509.9m) |
| GMI: 0.78 (GM 64.35% / 50.28%) |
| AQI: 1.03 (AQ_t 0.82 / AQ_t-1 0.80) |
| SGI: 1.44 (Revenue 735.3m / 509.9m) |
| TATA: 0.03 (NI 499.9m - CFO 207.0m) / TA 11.6b) |
| Beneish M = -3.19 (Cap -4..+1) = AA |
As of May 29, 2026, the stock is trading at EUR 9.70 with a total of 154,634 shares traded.
Over the past week, the price has changed by -0.72%,
over one month by +0.10%,
over three months by -12.45% and
over the past year by -12.77%.
Grand City Properties has no consensus analysts rating.
P/E Trailing = 3.9398
P/E Forward = 9.6154
P/S = 2.8622
P/B = 0.3259
Revenue TTM = 735.3m EUR
EBIT TTM = 506.3m EUR
EBITDA TTM = 513.0m EUR
Long Term Debt = 3.32b EUR (from longTermDebt, last quarter)
Short Term Debt = 1.13b EUR (from shortTermDebt, last quarter)
Debt = 5.76b EUR (from shortLongTermDebtTotal, last quarter) + Leases 118.4m
Net Debt = 4.16b EUR (calculated: Debt 5.76b - CCE 1.60b)
Enterprise Value = 5.89b EUR (1.73b + Debt 5.76b - CCE 1.60b)
Interest Coverage Ratio = 7.46 (Ebit TTM 506.3m / Interest Expense TTM 67.9m)
EV/FCF = 28.85x (Enterprise Value 5.89b / FCF TTM 204.3m)
FCF Yield = 3.47% (FCF TTM 204.3m / Enterprise Value 5.89b)
FCF Margin = 27.78% (FCF TTM 204.3m / Revenue TTM 735.3m)
Net Margin = 67.99% (Net Income TTM 499.9m / Revenue TTM 735.3m)
Gross Margin = 64.35% ((Revenue TTM 735.3m - Cost of Revenue TTM 262.1m) / Revenue TTM)
Gross Margin QoQ = 55.26% (prev 76.51%)
Tobins Q-Ratio = 0.51 (Enterprise Value 5.89b / Total Assets 11.6b)
Interest Expense / Debt = 1.18% (Interest Expense 67.9m / Debt 5.76b)
Taxrate = 21.76% (11.7m / 54.0m)
NOPAT = 396.1m (EBIT 506.3m * (1 - 21.76%))
Current Ratio = 1.74 (Total Current Assets 1.98b / Total Current Liabilities 1.13b)
Debt / Equity = 1.40 (Debt 5.76b / totalStockholderEquity, last quarter 4.11b)
Debt / EBITDA = 8.12 (Net Debt 4.16b / EBITDA 513.0m)
Debt / FCF = 20.39 (Net Debt 4.16b / FCF TTM 204.3m)
Total Stockholder Equity = 4.29b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.36% (Net Income 499.9m / Total Assets 11.6b)
RoE = 11.65% (Net Income TTM 499.9m / Total Stockholder Equity 4.29b)
RoCE = 6.66% (EBIT 506.3m / Capital Employed (Equity 4.29b + L.T.Debt 3.32b))
RoIC = 3.64% (NOPAT 396.1m / Invested Capital 10.9b)
WACC = 2.17% (E(1.73b)/V(7.49b) * Re(6.32%) + D(5.76b)/V(7.49b) * Rd(1.18%) * (1-Tc(0.22)))
Discount Rate = 6.32% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 73.33 | Cagr: 1.05%
[DCF] Terminal Value 73.10% ; FCFF base≈232.0m ; Y1≈203.4m ; Y5≈164.3m
[DCF] Fair Price = N/A (negative equity: EV 2.64b - Net Debt 4.16b = -1.53b; debt exceeds intrinsic value)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 46.60 | Revenue CAGR: 6.65% | SUE: -0.05 | # QB: 0
EPS current Year (2026-12-31): EPS=1.24 | Chg30d=+18.46% | Revisions=-20% | GrowthEPS=+2.3% | GrowthRev=+3.4%
EPS next Year (2027-12-31): EPS=1.21 | Chg30d=+12.21% | Revisions=-20% | GrowthEPS=-2.4% | GrowthRev=+3.7%
[Analyst] Revisions Ratio: -20%