Company	Price	Valuation					Profitability					Cash & leverage					Quality				Rating
		P/E	P/B	P/S	EV / EBITDA	DCF upside	Gross margin	Operating margin	Net margin	ROE	ROIC	FCF yield	Debt / equity	Net debt / EBITDA	Interest coverage	Current ratio	Dividend yield	Piotroski (0-9)	Altman Z	Rating score (1-5)
LI.PAthis companyKlépierre S.A.	€36.82	7.43×	1.04×	5.84×	9.18×	-18.6%	72.2%	62.0%	78.5%	13.9%	4.2%	7.5%	0.94×	4.14×	3.59×	0.69×	5.5%	6	1.14	4	A
CARM.PACarmila S.A.	€15.22	12.88×	0.7×	4.16×	14.9×	198.5%	74.5%	59.0%	32.3%	5.5%	4.6%	9.0%	0.8×	7.77×	2.65×	2.34×	7.4%	7	0.9	4	A+
FREY.PAFrey S.A.	€34.20	12.17×	0.89×	4.06×	14.05×	1784.1%	62.6%	47.7%	33.4%	7.3%	2.4%	-21.6%	1.37×	7.87×	2.48×	2.37×	6.6%	6	0.72	3	B
MERY.PAMercialys	€10.00	30.67×	1.74×	4.38×	18.04×	176.2%	45.7%	33.3%	14.4%	5.7%	3.1%	2.0%	2.94×	10.09×	1.47×	1.26×	9.0%	4	1	4	A-
PAT.PAPatrimoine et Commerce S.A.	€20.50	8.79×	0.74×	5.12×	14.19×	-10.9%	73.6%	64.3%	58.3%	8.4%	4.7%	3.9%	0.86×	7.47×	3.4×	1.13×	5.9%	5	0.62	3	B+
Peer median	—	12.52×	0.82×	4.27×	14.55×	187.4%	68.1%	53.3%	32.8%	6.5%	3.9%	3.0%	1.12×	7.82×	2.57×	1.8×	7.0%	6	0.81	4	—