Fonciere Lyonnaise (FLY) - Net Assets
Based on the latest financial reports, Fonciere Lyonnaise (FLY) has net assets worth €4.57 Billion EUR (≈ $5.34 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€7.76 Billion ≈ $9.08 Billion USD) and total liabilities (€3.19 Billion ≈ $3.73 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset resilience ratio of Fonciere Lyonnaise to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €4.57 Billion |
| % of Total Assets | 58.87% |
| Annual Growth Rate | 8.19% |
| 5-Year Change | -10.94% |
| 10-Year Change | 52.7% |
| Growth Volatility | 194.94 |
Fonciere Lyonnaise - Net Assets Trend (2002–2024)
This chart illustrates how Fonciere Lyonnaise's net assets have evolved over time, based on quarterly financial data. Also explore Fonciere Lyonnaise total assets for the complete picture of this company's asset base.
Annual Net Assets for Fonciere Lyonnaise (2002–2024)
The table below shows the annual net assets of Fonciere Lyonnaise from 2002 to 2024. For live valuation and market cap data, see FLY stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €4.63 Billion ≈ $5.41 Billion |
+3.27% |
| 2023-12-31 | €4.48 Billion ≈ $5.24 Billion |
-18.16% |
| 2022-12-31 | €5.48 Billion ≈ $6.40 Billion |
-0.14% |
| 2021-12-31 | €5.48 Billion ≈ $6.41 Billion |
+5.52% |
| 2020-12-31 | €5.20 Billion ≈ $6.08 Billion |
+3.18% |
| 2019-12-31 | €5.04 Billion ≈ $5.89 Billion |
+11.64% |
| 2018-12-31 | €4.51 Billion ≈ $5.27 Billion |
+6.44% |
| 2017-12-31 | €4.24 Billion ≈ $4.96 Billion |
+21.33% |
| 2016-12-31 | €3.49 Billion ≈ $4.08 Billion |
+15.26% |
| 2015-12-31 | €3.03 Billion ≈ $3.54 Billion |
+16.88% |
| 2014-12-31 | €2.59 Billion ≈ $3.03 Billion |
+6.04% |
| 2013-12-31 | €2.45 Billion ≈ $2.86 Billion |
+4.75% |
| 2012-12-31 | €2.33 Billion ≈ $2.73 Billion |
+14.59% |
| 2011-12-31 | €2.04 Billion ≈ $2.38 Billion |
+4.79% |
| 2010-12-31 | €1.94 Billion ≈ $2.27 Billion |
+2.81% |
| 2009-12-31 | €1.89 Billion ≈ $2.21 Billion |
-16.15% |
| 2008-12-31 | €2.26 Billion ≈ $2.64 Billion |
-19.03% |
| 2007-12-31 | €2.79 Billion ≈ $3.26 Billion |
+19.68% |
| 2006-12-31 | €2.33 Billion ≈ $2.72 Billion |
+32.13% |
| 2005-12-31 | €1.76 Billion ≈ $2.06 Billion |
-86.52% |
| 2004-12-31 | €13.07 Billion ≈ $15.28 Billion |
+931.91% |
| 2003-12-31 | €1.27 Billion ≈ $1.48 Billion |
+54.67% |
| 2002-12-31 | €818.87 Million ≈ $957.35 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Fonciere Lyonnaise's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 501.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €206.93 Million | 5.68% |
| Common Stock | €85.90 Million | 2.36% |
| Other Comprehensive Income | €3.21 Billion | 88.06% |
| Other Components | €141.85 Million | 3.90% |
| Total Equity | €3.64 Billion | 100.00% |
Fonciere Lyonnaise Competitors by Market Cap
The table below lists competitors of Fonciere Lyonnaise ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bank of Guiyang Co Ltd
SHG:601997
|
$3.18 Billion |
|
Anhui Conch Cement Company Limited
F:AQE
|
$3.18 Billion |
|
USA Compression Partners LP
NYSE:USAC
|
$3.18 Billion |
|
Sigurd Microelectronics Corp
TW:6257
|
$3.18 Billion |
|
Mandatum Oyj
HE:MANTA
|
$3.17 Billion |
|
Kunshan Kinglai Hygienic Materials Co Ltd
SHE:300260
|
$3.17 Billion |
|
Sinopharm Group Co. Ltd
F:X2S
|
$3.17 Billion |
|
Betta Pharmaceuticals Co Ltd
SHE:300558
|
$3.17 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fonciere Lyonnaise's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,540,164,000 to 3,641,652,000, a change of 101,488,000 (2.9%).
- Net income of 206,925,000 contributed positively to equity growth.
- Dividend payments of 103,076,000 reduced retained earnings.
- Share repurchases of 201,000 reduced equity.
- Other comprehensive income decreased equity by 744,405,000.
- Other factors increased equity by 742,245,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €206.93 Million | +5.68% |
| Dividends Paid | €103.08 Million | -2.83% |
| Share Repurchases | €201.00K | -0.01% |
| Other Comprehensive Income | €-744.40 Million | -20.44% |
| Other Changes | €742.25 Million | +20.38% |
| Total Change | €- | 2.87% |
Book Value vs Market Value Analysis
This analysis compares Fonciere Lyonnaise's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.87x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.60x to 0.87x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | €20.53 | €73.80 | x |
| 2003-12-31 | €32.88 | €73.80 | x |
| 2004-12-31 | €213.93 | €73.80 | x |
| 2005-12-31 | €39.38 | €73.80 | x |
| 2006-12-31 | €51.89 | €73.80 | x |
| 2007-12-31 | €58.32 | €73.80 | x |
| 2008-12-31 | €46.47 | €73.80 | x |
| 2009-12-31 | €39.04 | €73.80 | x |
| 2010-12-31 | €40.50 | €73.80 | x |
| 2011-12-31 | €42.33 | €73.80 | x |
| 2012-12-31 | €46.36 | €73.80 | x |
| 2013-12-31 | €48.05 | €73.80 | x |
| 2014-12-31 | €50.43 | €73.80 | x |
| 2015-12-31 | €58.79 | €73.80 | x |
| 2016-12-31 | €67.65 | €73.80 | x |
| 2017-12-31 | €81.41 | €73.80 | x |
| 2018-12-31 | €86.55 | €73.80 | x |
| 2019-12-31 | €96.69 | €73.80 | x |
| 2020-12-31 | €100.04 | €73.80 | x |
| 2021-12-31 | €97.54 | €73.80 | x |
| 2022-12-31 | €102.07 | €73.80 | x |
| 2023-12-31 | €82.59 | €73.80 | x |
| 2024-12-31 | €84.79 | €73.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fonciere Lyonnaise utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.68%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 83.16%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 2.11x
- Recent ROE (5.68%) is below the historical average (7.86%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 4.69% | 19.69% | 0.08x | 2.93x | €-38.91 Million |
| 2003 | 4.66% | 25.33% | 0.09x | 2.13x | €-62.85 Million |
| 2004 | 21.30% | 4.46% | 0.60x | 7.91x | €899.82 Million |
| 2005 | 14.18% | 87.17% | 0.10x | 1.65x | €70.81 Million |
| 2006 | 27.12% | 375.51% | 0.05x | 1.54x | €382.92 Million |
| 2007 | 16.95% | 85.46% | 0.13x | 1.55x | €185.03 Million |
| 2008 | -19.24% | -229.02% | 0.05x | 1.70x | €-631.77 Million |
| 2009 | -14.70% | -145.87% | 0.06x | 1.80x | €-448.53 Million |
| 2010 | 9.38% | 100.08% | 0.05x | 1.82x | €-11.48 Million |
| 2011 | 9.91% | 127.40% | 0.04x | 1.82x | €-1.69 Million |
| 2012 | 13.25% | 188.54% | 0.04x | 1.97x | €69.53 Million |
| 2013 | 6.65% | 98.62% | 0.04x | 1.91x | €-74.21 Million |
| 2014 | 8.51% | 130.72% | 0.03x | 1.94x | €-34.74 Million |
| 2015 | 18.16% | 287.95% | 0.03x | 1.92x | €221.53 Million |
| 2016 | 16.14% | 250.80% | 0.03x | 1.85x | €191.76 Million |
| 2017 | 18.21% | 346.21% | 0.03x | 1.66x | €308.99 Million |
| 2018 | 8.77% | 152.83% | 0.03x | 1.64x | €-49.35 Million |
| 2019 | 13.15% | 246.53% | 0.03x | 1.61x | €141.24 Million |
| 2020 | 6.17% | 131.33% | 0.03x | 1.61x | €-177.77 Million |
| 2021 | 6.66% | 140.55% | 0.03x | 1.76x | €-146.64 Million |
| 2022 | 3.28% | 58.65% | 0.03x | 1.90x | €-294.47 Million |
| 2023 | -18.04% | -272.49% | 0.03x | 2.10x | €-992.78 Million |
| 2024 | 5.68% | 83.16% | 0.03x | 2.11x | €-157.24 Million |
Industry Comparison
This section compares Fonciere Lyonnaise's net assets metrics with peer companies in the REIT - Office industry.
Industry Context
- Industry: REIT - Office
- Average net assets among peers: $1,154,586,001
- Average return on equity (ROE) among peers: 7.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fonciere Lyonnaise (FLY) | €4.57 Billion | 4.69% | 0.70x | $3.17 Billion |
| Acanthe Développement (ACAN) | $172.72 Million | 5.24% | 0.28x | $39.19 Million |
| Societe de la Tour Eiffel SA (EIFF) | $370.69 Million | -1.64% | 1.58x | $532.82 Million |
| Gecina SA (GFC) | $4.63 Billion | 14.30% | 0.81x | $5.25 Billion |
| Maison Antoine Baud Société Anonyme (MLMAB) | $28.70 Million | 5.12% | 1.08x | $48.77 Million |
| Vitura S.A. (VTR) | $568.31 Million | 14.25% | 0.76x | $65.81 Million |
About Fonciere Lyonnaise
A benchmark player in the prime segment of the Parisian commercial real estate market, Société Foncière Lyonnaise stands out for the quality of its property portfolio, which is valued at "7.7 billion and is focused on the Central Business District of Paris (#cloud.paris, Edouard VII, Washington Plaza, etc.), and for the quality of its client portfolio, which is composed of prestigious companies. … Read more