Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Realites SA is a French real estate development company primarily focused on designing, constructing, and managing various property projects. The company's core mission is to create sustainable and innovative urban spaces that cater to the evolving needs of modern living. Realites SA engages in the development of residential, commercial, and mixed-use properties, playing a vital role in transforming city landscapes and improving urban infrastructure. With a forward-thinking approach, Realites SA employs advanced architectural techniques and prioritizes environmentally friendly building practices to align with global sustainability trends. Their projects often incorporate smart technology solutions that enhance the quality of life for residents and tenants. The company's strategic focus on adaptive reuse and urban renewal highlights its commitment to preserving historical sites while enhancing the economic value of communities. Realites SA is significant in the real estate market for its innovative developments that balance modern requirements with sustainable practices. By partnering with local governments and stakeholders, it strengthens its position in competitive regions, making a profound impact on the real estate industry and contributing to urban development across France and beyond.
The business is unprofitable at the operating level (-4.60% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 15.0%, still solid. Margins contracted 12.2pp, which offsets some of the top-line progress.
ROIC dropped from 4.17% to -2.64%, capital efficiency is deteriorating. Negative free cash flow of -€95M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
€402M
▲ +15.0% YoY
Net Income (TTM)
€2M
▼ -83.6% YoY
Op. Margin
-4.60%
▼ -12.2pp YoY
ROIC
-2.64%
▼ -6.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€95M
▼ -50.0% YoY
Op. Cash Flow (TTM)
-€69M
▼ -24.8% YoY
Net Debt
€327M
Cash & Equiv.
€47M
3Y CAGR: +25.2%
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