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Financial Analysis

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v0.1
PAT.PA$24.60+0.00%
Fair $24.60+0.0%

PAT.PA

Patrimoine et Commerce SA

Real Estate / REIT - RetailParis

$24.60

+0.00 (+0.00%)

Fairly Valued+0.0%Fair Value $24.60Fund rank 28/100 · Data gapFallback financials|
SA 40/C
F-Score: 7/9

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 100% · confianza 20%

FCF escenarios

weak_data · normalized FCF n/d · quality 34.0/100

Data gap 28/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 39/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

40/100

C

Piotroski

7/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 0unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Sector-specific NAV/AFFO model required: REIT/real-estate targets are disabled until FFO/AFFO/NAV/cap-rate data exists. REIT NAV/AFFO valuation requires positive AFFO/share history or TTM AFFO/share; generic FCF remains disabled.
Thesis & Journal · PAT.PALocal privado en este navegador · Patrimoine et Commerce SA
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$400M

P/E

9.3x

↓

EV/EBITDA

14.5x

↑

ROE

8.4%

↑

Gross Margin

73.6%

↑

Debt/Equity

0.86

↑
52-Week Range$25
$22$25

TradingView lightweight chart

PAT.PA price, volumen y niveles de valoración

Último $24.60Periodo -71.1%
Fair value: $24.60

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

+7.6%

FCF CAGR

—

FCF margin

38.7%

FCF / Net income

0.66x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $71.9M · net income $41.9M · FCF $27.8M

2022-FY → 2025-FY

Gross margin

73.6%-3.0% pts

Operating margin

64.5%-1.4% pts

Net margin

58.4%-24.6% pts

FCF margin

38.7%+73.2% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$71.9M$71.9M$69.2M$61.6M$57.6M
Net Income$41.9M$41.9M$41.0M$29.0M$47.8M
EBITDA$55.3M$55.3M$54.7M$40.3M$57.0M
EPS2.642.64—1.913.17
Gross Margin73.6%73.6%73.6%75.8%76.6%
Operating Margin64.5%64.5%63.3%66.2%65.9%
Net Margin58.4%58.4%59.2%47.1%82.9%
Balance Sheet
Debt/Equity0.860.860.890.951.00
Current Ratio0.710.71———
Cash Flow
Free Cash Flow$27.8M$27.8M$29.1M$21.9M$-19.9M
Returns
ROE8.4%8.4%8.6%6.6%11.1%
Valuation
P/E9.329.32—9.324.87
EV/EBITDA14.4614.4613.1316.3310.66
P/B0.780.780.650.610.54
Growth & Yield
Revenue Growth3.9%3.9%12.3%6.8%—
EPS Growth———-39.7%—
Dividend Yield5.7%5.7%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

-6.1%

fácil

EPS terminal req.

$2.18

Spread vs growth

10.1%

5Y implied EPS CAGR

0.0%

fácil

EPS terminal req.

$2.64

Spread vs growth

3.9%

10Y implied EPS CAGR

4.9%

fácil

EPS terminal req.

$4.25

Spread vs growth

-1.0%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +7.3%

Total return

+7.3%

Start / end P/E

n/dx → n/dx

EPS bridge

n/d → 2.64

Residual

+1.7%

EPS growthn/d
Multiple reratingn/d
Dividend+5.7%
Residual / FX / buybacks / cross-term+1.7%

EPS/multiple decomposition requires positive EPS at both endpoints; residual absorbs price move not explained by dividends.

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.