Grand City Properties S.A (GRDDY) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Grand City Properties S.A $27.75, price $11.10, upside +150.0%, quality 66 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $7.20 – $27.51 · fair‑value band $9.52 – $50.82 · the $11.10 price screens below the $27.75 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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Grand City Properties S.A. engages in the residential real estate business in Germany, the United Kingdom, and internationally. It invests in, manages, and rents real estate properties in North Rhine-Westphalia and Berlin; and metropolitan regions of Dresden, Leipzig, and Halle. The company also engages in financing activities.
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Grand City Properties S.A. engages in the residential real estate business in Germany, the United Kingdom, and internationally. It invests in, manages, and rents real estate properties in North Rhine-Westphalia and Berlin; and metropolitan regions of Dresden, Leipzig, and Halle. The company also engages in financing activities. The company was founded in 2004 and is based in Luxembourg, Luxembourg. Grand City Properties S.A. is a subsidiary of Aroundtown SA.
Stock analysis
Grand City Properties S.A (GRDDY) currently trades at $11.10, while our model-based Fair Value estimate is $27.75, implying the stock looks roughly 60.0% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $51.26 per share, and 13 of the 14 models we run sit above the $11.10 price.
Bear case: the Growth DCF group reads lowest at $13.27, and 1 of the 14 models stay below the price. Evidence for this calculation is medium.
Scenario range: $9.52 (bear) to $50.82 (bull), the price of $11.10 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 66/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Grand City Properties S.A reported revenue of €429M in FY2025 versus €375M in FY2021, a compound +3.4%/yr. Reported net income was €512M in FY2025, compounding −1.7%/yr from FY2021.
Key figures
Market cap $2.3B · P/E ratio 3.1 · P/S ratio 3.67 · EPS (TTM) $3.61 · Net margin 119% · Return on equity 9.5% · Return on assets (EBIT) 3.1% · Operating margin 54.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −10% fair-value upside, at 150%, GRDDY screens cheaper than that median.
Fair Value models
Bear $9.52Fair Value $27.75Bull $50.82
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($2.73 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.60/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+1.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.9%
Start year 2020 (pandemic). Over 10 years: +2.5% a year
Revenue growth 17 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+39.0%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+2.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.4%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.3.3% vs 1.7%, steady
Profit margin 2010 to 2024 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.226% → 88%
2025 sits 154% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes about as much growth as the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+5.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+10.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in EUR, euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +3.6% a year for the price and +8.1% for the forecasts.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Real Estate Services · 530 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside+111.4% · Top 25%
Profitability
Return on equity (TTM)9.5% · Above median
Return on assets1.8% · Below median
Net margin (TTM)79.4% · Top 25%
Operating margin (TTM)54.4% · Top 25%
Growth and dividend
Revenue growth1.5% · Below median
Balance sheet
Debt / equity0.73× · Above median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Grand City Properties S.A Fair Value". https://www.fairvalue-calculator.com/stock/GRDDY
Frequently asked questions
Is Grand City Properties S.A (GRDDY) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $27.75 versus the last price from Sep 25, 2026 of $11.10, about +150% upside (undervalued).
What is the fair value of GRDDY?
Our model-based fair value for Grand City Properties S.A is $27.75 (as of Sep 24, 2026), built from audited fundamentals. Last price (from Sep 25, 2026): $11.10.
What is the quality score of GRDDY?
Grand City Properties S.A has a Quality Score of 66/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Grand City Properties S.A (GRDDY)?
Our model-based price target is the fair value of $27.75 (as of Sep 24, 2026) from 14 valuation models. Cautious scenario $9.52, optimistic scenario $50.82. It is a calculation from audited fundamentals, not an analyst target.
What is the Grand City Properties S.A stock forecast for 2026?
Our models put fair value at $27.75, about +150% upside versus the last price from Sep 25, 2026 of $11.10 (undervalued). Cautious scenario $9.52, optimistic scenario $50.82. The calculation is refreshed regularly with new filings.
What is the revenue of Grand City Properties S.A (GRDDY)?
Grand City Properties S.A reported trailing-twelve-month revenue of about €604M (latest available figure, as of Sep 24, 2026).
What growth is priced into Grand City Properties S.A (GRDDY)?
For today's price to be fair in a discounted-cash-flow model, Grand City Properties S.A would have to grow free cash flow by +5.8 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of GRDDY use?
Our models discount Grand City Properties S.A at 9.7 %: a base by market capitalisation (mid), damped by beta 1.00, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Grand City Properties S.A that is +5.8 % per year a year over ten years, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has Grand City Properties S.A (GRDDY) delivered so far?
Over the past 5 years revenue at Grand City Properties S.A grew +2.9 % a year. The price currently implies +5.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Grand City Properties S.A (GRDDY) growing?
The median revenue growth in the sector is +1.7 % a year. That is the yardstick for the growth priced into Grand City Properties S.A (+5.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Grand City Properties S.A (GRDDY)?
The free-cash-flow yield on the price is 15.96 %: that much free cash flow Grand City Properties S.A produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Grand City Properties S.A (GRDDY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Grand City Properties S.A it is $27.75 per share (as of Sep 24, 2026), against a price of $11.10. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Grand City Properties S.A stock overvalued or undervalued in 2026?
As of Sep 24, 2026, GRDDY trades below its calculated fair value: price $11.10, fair value $27.75, a gap of about +150% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of GRDDY?
No. The price is what the market pays today ($11.10); the fair value is what the company's own numbers justify ($27.75). For Grand City Properties S.A the two are $16.65 per share apart. That gap is exactly why we show both numbers side by side.
How much is Grand City Properties S.A worth?
The market values Grand City Properties S.A at about $2.3B (market capitalisation, as of Sep 24, 2026). Per share that is $11.10; our models calculate a fair value of $27.75 per share.
What do the bullish and bearish scenarios say about GRDDY?
Our models span a range for Grand City Properties S.A: cautious scenario $9.52, base $27.75, optimistic $50.82 per share (as of Sep 24, 2026, price $11.10). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GRDDY?
Grand City Properties S.A trades at a price-to-earnings ratio of 3.1 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $27.75 is built from several models across several years. Other multiples: P/B 0.4, P/S 3.4, EV/EBITDA 13.0.
How solid is the balance sheet of Grand City Properties S.A (GRDDY)?
Balance-sheet figures for Grand City Properties S.A (as of Sep 24, 2026): return on equity 9.5%, debt of 0.73 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is GRDDY from its 52-week high?
Grand City Properties S.A trades at $11.10, about 16% below its 52-week high of $13.23 and 7% above the low of $10.35 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of $27.75 is for.
Which stocks are comparable to Grand City Properties S.A?
From the same area (Real Estate) we also value Vingroup Joint Stock Company, CBRE Group, KE Holdings, Swire Properties Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Grand City Properties S.A stock attractive at the current price?
The data as of Sep 24, 2026: price $11.10, calculated fair value $27.75 (+150%), Quality Score 66/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of GRDDY calculated?
We run Grand City Properties S.A through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $27.75, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Grand City Properties S.A currently trades 60 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Grand City Properties S.A (GRDDY)?
The latest price we hold is from Sep 25, 2026 and stands at $11.10. Our model-based fair value is $27.75, about +150% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Grand City Properties S.A right now?
The model range is unusually wide ($9.52 to $50.82). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Grand City Properties S.A
How large is the market capitalisation of Grand City Properties S.A (GRDDY)?
The market capitalisation of Grand City Properties S.A is $2.3B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Grand City Properties S.A (GRDDY)?
The price-to-sales ratio of Grand City Properties S.A is 3.67 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Grand City Properties S.A (GRDDY)?
Earnings per share at Grand City Properties S.A are $3.61 (price ÷ EPS = P/E 3.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Grand City Properties S.A (GRDDY)?
The net margin of Grand City Properties S.A is 119% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Grand City Properties S.A (GRDDY)?
The return on equity (ROE) of Grand City Properties S.A is 9.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Grand City Properties S.A (GRDDY)?
On an EBIT basis the return on assets of Grand City Properties S.A is 3.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Grand City Properties S.A (GRDDY)?
The operating margin of Grand City Properties S.A is 54.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Grand City Properties S.A (GRDDY)?
Revenue at Grand City Properties S.A is growing +1.5% versus a year earlier (3y avg +2.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Grand City Properties S.A (GRDDY)?
Earnings per share at Grand City Properties S.A are growing −51.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Grand City Properties S.A (GRDDY) carry?
The net debt of Grand City Properties S.A is €3.0B (fiscal year 2025, ≈ 10.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Sep 24, 2026