| Valuation method | Value, € | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 1350.94 | 5931 |
| Intrinsic value (DCF) | n/a | |
| Graham-Dodd Method | n/a | |
| Graham Formula | n/a |
Societe Nationale de Propriete d'Immeubles (MLPRI.PA) is a French real estate company specializing in mixed-use buildings, offices, and business premises primarily in the Rhône-Alpes region, with its headquarters in Lyon. Operating in the Real Estate - Services sector, the company focuses on property investments that cater to commercial and business needs. With a market capitalization of approximately €19.9 million, MLPRI.PA plays a niche role in France's regional real estate market. The company’s portfolio is strategically concentrated in a dynamic economic region, offering potential for steady rental income and capital appreciation. Despite its small size, Societe Nationale de Propriete d'Immeubles maintains a conservative financial profile, as reflected in its low beta (0.26), indicating lower volatility compared to the broader market. Investors looking for exposure to French regional real estate with moderate risk may find MLPRI.PA an interesting option.
Societe Nationale de Propriete d'Immeubles presents a mixed investment profile. On the positive side, the company operates in a stable real estate segment with a focus on the economically active Rhône-Alpes region, which could provide resilience against broader market downturns. The company reported net income of €1.43 million in FY 2023, with diluted EPS of €1.6, suggesting profitability. However, the lack of dividends (€0 per share) may deter income-focused investors. The company’s low beta indicates lower market risk, but its small market cap and regional concentration could limit growth opportunities. Additionally, the absence of operating cash flow and capital expenditure data raises questions about liquidity and reinvestment strategies. Investors should weigh the stability of regional real estate against limited scalability and transparency.
Societe Nationale de Propriete d'Immeubles operates in a competitive French real estate market dominated by larger players with national or international portfolios. The company’s competitive advantage lies in its deep regional expertise in the Rhône-Alpes area, allowing it to identify undervalued properties and maintain strong tenant relationships. However, its small scale limits its ability to compete with major real estate investment trusts (REITs) in terms of diversification and access to capital. The company’s conservative leverage (total debt of €4.96 million against cash reserves of €0.81 million) suggests a low-risk approach, but this may also constrain aggressive expansion. Unlike larger competitors, MLPRI.PA does not appear to engage in significant development projects, focusing instead on existing income-generating assets. This strategy provides stability but may result in slower growth compared to peers investing in high-growth urban developments. The lack of a dividend policy further differentiates it from income-oriented REITs, potentially narrowing its investor appeal.