Frey (CHIX:FREYP) Intrinsic Value: Projected FCF: €34.39 (As of Aug. 09, 2026) — 1720% Above Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CHIX:FREYP Frey SA CHIX:FREYP
79 GF Score
Price €28.00
GF Value €33.44
! 5 Warning Signs
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What is Frey Intrinsic Value: Projected FCF?

Frey CHIX:FREYP 79 Intrinsic Value: Projected FCF is €34.39 as of Aug. 09, 2026, which is 100% below its 10-year median of 1.89. GuruFocus rates CHIX:FREYP with a GF Score™ of 79/100 and a GF Value™ of €33.44. The stock has 5 warning signs investors should review. Among 427 REITs companies, Frey ranks worse than 234191.8% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-08-09), Frey's Intrinsic Value: Projected FCF is €34.39. The stock price of Frey is €28.00. Therefore, Frey's Price-to-Intrinsic-Value-Projected-FCF of today is 0.8.

The historical rank and industry rank for Frey's Intrinsic Value: Projected FCF or its related term are showing as below:

CHIX:FREYp' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.67   Med: 1.89   Max: 7.96
Current: 0.81

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Frey was 7.96. The lowest was 0.67. And the median was 1.89.

CHIX:FREYp's Price-to-Projected-FCF is not ranked
in the REITs industry.
Industry Median: 0.63 vs CHIX:FREYp: 0.81

Frey  (CHIX:FREYp) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Frey's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=28.00/43.723777119097
=0.64

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Frey Intrinsic Value: Projected FCF Related Terms


Frey Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Frey's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frey Intrinsic Value: Projected FCF Chart

Frey Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.88 16.04 29.82 30.65 41.92

Frey Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 30.65 0.00 41.92 0.00

CHIX:FREYP vs SPG, O, KIM: Intrinsic Value: Projected FCF Comparison

For the REIT - Retail subindustry, Frey's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Frey Price-to-Projected-FCF vs REITs Industry

For the REITs industry and Real Estate sector, Frey's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Frey's Price-to-Projected-FCF falls into.


CHIX:FREYP
79GF Score
Frey SA CHIX:FREYP
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Frey Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Frey's Free Cash Flow(6 year avg) = €36.88.

Frey's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec25)*0.8)/Shares Outstanding (Diluted Average)
=(14.862653310476*36.880285714286+1056.727*0.8)/31.871
=43.72

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: Projected FCF of €34.39 mean?
Frey (CHIX:FREYP) has a Intrinsic Value: Projected FCF of €34.39 as of Aug. 09, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Frey and its competitors. This is 1720% above median its historical median of 1.89. Over the past decade, Frey's Intrinsic Value: Projected FCF has ranged from 0.67 to 7.96. According to the industry distribution chart, Frey ranks #999999 out of 427 companies in the REITs industry.
Is Frey's Intrinsic Value: Projected FCF too high?
Frey's current Intrinsic Value: Projected FCF of €34.39 is 1720% above median its 10-year median of 1.89. Over the past 10 years, this metric has ranged from a low of 0.67 to a high of 7.96. Based on the distribution chart, Frey ranks #999999 out of 427 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Frey has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Frey's Intrinsic Value: Projected FCF compare to SPG and O?
According to the REITs industry distribution chart, Frey ranks #999999 out of 427 companies for Intrinsic Value: Projected FCF. This places Frey in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 0.63. Historically, Frey's own Intrinsic Value: Projected FCF has ranged from 0.67 to 7.96 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a REITs company?
The median Intrinsic Value: Projected FCF among REITs companies is 0.63, based on 427 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Frey and its competitors. For the REITs industry, the median Intrinsic Value: Projected FCF is 0.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frey's current Intrinsic Value: Projected FCF is €34.39, which is 1720% above median its own 10-year median of 1.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frey stock overvalued right now?
Frey (CHIX:FREYP) has a current Intrinsic Value: Projected FCF of €34.39. The stock's GF Value™ is €33.44, compared to a current price of €28.00 — trading 16.3% below its estimated fair value. The current Intrinsic Value: Projected FCF is €34.39, which is 1720% above median its 10-year median of 1.89. Frey's overall GF Score™ is 79/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Frey (CHIX:FREYP), the current Intrinsic Value: Projected FCF is €34.39 as of Aug. 09, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Frey (CHIX:FREYP) Overvalued in 2026?

Based on GuruFocus' analysis, Frey stock appears to be undervalued. The current stock price of €28.00 is trading 16.3% below its estimated GF Value™ of €33.44.

Key valuation signals for CHIX:FREYP:

  • Intrinsic Value: Projected FCF: €34.39 (1720% above median its 10-year median of 1.89)
  • GF Value™: €33.44 vs. price of €28.00 (16.3% below fair value)
  • GF Score™: 79/100 with 5 warning signs

No single metric tells the full story. See the CHIX:FREYP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Frey Business Description

Industry Real EstateREITs
Other Exchanges FREY:France
Address 1 rue Rene Cassin, Bezannes, FRA, 51430
Frey SA develops, owns and manages commercial real estate assets mainly located in France. The company is a participant in the new-generation Retail Parks. Its business activities include the development of new or regenerated assets, acquisition of assets and urban renewal. FREY has created and designed SHOPPING PROMENADE, an outdoor shopping mall concept.
79GF Score

Get the complete analysis for CHIX:FREYP

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€28.00
Price
€33.44
GF Value