Société Foncière Lyonnaise (FLY.PA)

Société Foncière Lyonnaise (FLY.PA) — VMCI valuation read

Société Foncière Lyonnaise (FLY.PA) carries a VMCI composite of 50/100, 0 points below the Real Estate sector median of 50. Among mid-cap names, that gap places FLY.PA in the bottom third on the five-pillar weighting (Value 35%, Quality 30%, Integrity 15%, Growth 12%, Risk 8%).

The FLY.PA insider tape has been silent for the past 30 days on Form 4. Where executives neither buy nor sell, the bull and bear cases lean harder on filings cadence and the next earnings line.

**Investor frame.** Value reads FLY.PA trades at 24.0x earnings, 33% above the Real Estate median of 18.0x, which compresses or extends through the 11.0x EV/EBITDA versus a Real Estate 12.0x. Quality: ROIC of 18.0% sits 8.0pp above the Real Estate median (10.0%). Risk: net debt to EBITDA of -0.5x leaves covenant headroom, the line to track on Société Foncière Lyonnaise's next 10-Q.

FLY.PA rose 2.3% over the trailing 7 days, with a -19.1% read on a 30-day basis.