1. France Stocks

  2. •

    Finance

  3. •

    Real estate development
Frey SA

Frey SA

34.40
EUR
0.00
(0.00%)
1.15BMarket Cap
Frey SA
EURONEXT:FREY
(Euronext)

Recent

price

34.40

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
EUR
6.73
3.62
5.35
3.12
4.29
4.86
2.88
2.53
3.4
3.46
4.23
3.86
4.27
4.69
6
7.26
- -
Revenue per Share
1.86
2.55
2.44
3.05
1.83
2.51
3.55
5.26
2.71
2.48
0.09
2.56
4.46
0.6
1.25
2.43
- -
Basic EPS, GAAP
-3.06
-5.74
-6.3
-4.15
-0.97
-3.54
-6.67
-5.24
-4.2
1.43
1.49
2.02
1.85
1.82
1.9
3.15
- -
Free Cash Flow per Basic Share
0.28
0.42
0.71
0.71
0.71
0.71
0.65
0.8
0.73
1.19
1.01
1.04
1.56
1.51
1.79
1.95
- -
Dividend per Share
9.79
12.36
13.94
16.3
17.43
20.58
23.48
28.34
29.82
31.56
30.16
31.33
34.24
33.05
32.86
33.25
32.73
Book Value per Share
9.78
12.32
13.89
16.25
17.37
20.54
23.46
28.32
29.8
31.09
29.69
31.09
34
32.84
32.31
32.94
32.39
Tangible Book Value per Share
7
7
8
8
8
8
9
12
17
20
25
26
29
32
32
32
32
Basic Weighted Avg Shares
48
26
42
24
33
39
27
29
57
69
107
99
124
149
191
231
- -
Sales/Revenue/Turnover
35.87
9.64
18.45
63.65
31.66
29.68
64.25
45.15
30.72
37.9
38.2
50.51
45.95
57.66
56.72
52.72
- -
Operating Margin (%)
- -
- -
- -
- -
1
1
- -
1
1
1
2
1
2
3
2
4
- -
Depreciation Expense
13
19
19
24
14
20
33
61
45
50
2
65
129
19
40
77
- -
Net Income, GAAP
8.91
- -
- -
- -
- -
2.29
8.64
1.11
5.75
14.98
- -
4.91
6.96
18.79
25.8
28.84
- -
Effective Tax Rate (%)
27.63
70.55
45.57
97.7
42.58
51.79
123.27
208.08
79.56
71.69
2.21
66.3
104.26
12.7
20.91
33.46
- -
Profit Margin (%)
8
1
9
9
26
37
10
82
81
60
29
119
126
64
319
141
276
Working Capital
61
108
160
158
195
214
261
339
280
428
549
658
774
1,000
1,217
1,343
1,600
LT Debt
71
104
116
135
143
189
216
367
601
789
822
966
1,053
1,116
1,100
1,146
1,099
Total Equity
13.1
- -
- -
- -
- -
5.41
8.35
10.58
6.05
5.96
- -
4.73
5.04
3.75
3.56
3.5
- -
Return on Invested Capital (%)
12.62
- -
- -
- -
- -
7.05
8.58
11.28
6.47
4.38
- -
4.37
7.76
2.54
3.61
5.07
- -
Return on Capital (%)
20.58
22.48
18.55
20.15
10.85
12.62
16.17
20.97
9.32
7.21
0.31
7.81
13.64
1.85
3.82
7.36
- -
Return on Common Equity (%)

Capital Structure

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
28
103
81
LT Borrowings
1,237
1,340
1,599
LT Finance Leases
1
3
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
32
32
32
Market Capitalization
963
928
1,154

Working Capital

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
245
392
575
Cash, Cash Equivalents & STI
123
245
428
Accounts Receivable, Net
21
28
22
Inventories
65
54
56
Total Current Liabilities
230
251
299
Payables & Accruals
- -
- -
- -
ST Debt
28
103
81
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
21.86%
7.03%
4.18%
Free Cash Flow
13.65%
23.71%
65.52%
Net Income, GAAP
291.55%
575.99%
93.5%
Sales/Revenue/Turnover
23.5%
17.44%
20.93%
Total Cash Common Dividend
30.13%
21.57%
8.7%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
191
2025
- -
- -
231
2026
- -
- -
- -

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1.25
2025
- -
- -
2.43
2026
- -
- -
- -

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1.79
2025
- -
- -
1.95
2026
- -
- -
- -
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Business
Frey SA (FREY.PA) develops, owns, finances and manages over 40 open-air shopping destinations across Europe, including full-price retail parks such as the Shopping Promenade and Greencenter concepts, premium outlets through its subsidiary ROS (Retail Outlet Shopping), and large mixed-use urban developments; it provides third-party development, property management, leasing and marketing services to retailers featuring over 1,000 brands, with a gross leasable area under operation of 1.2 million square meters and a development pipeline valued at 628 million euros, primarily targeting consumers in high-performing retail environments with low occupancy cost ratios. The company operates in 10 European countries including France, Spain, Portugal, Poland, Germany, Italy, Sweden and Austria, serving major international and local brands in sectors like fashion, sportswear and lifestyle. Founded in 1983 and headquartered in Bezannes near Reims, France, Frey SA, formerly Immobiliere Frey SA, pursues an asset rotation strategy and recently strengthened its position with the July 2024 acquisition of ROS, a third-party manager of 13 outlets across eight countries; the agreement to develop Malmo Designer Village in Sweden for around 100 million euros; the February 2025 commitment to acquire Designer Outlet Berlin for 230 million euros; the August 2025 purchase of three major Italian outlet sites for 410 million euros; asset disposals totaling 224 million euros including a 169 million euro portfolio to Batipart Europe; and 550 million euros in new financing arrangements to extend debt maturity to 4.7 years.