ENXTBR:NEXTAREITs
Nextensa (ENXTBR:NEXTA) Stock Faces Valuation Scrutiny Despite Stronger H1 Earnings
Nextensa stock closed at €45.6 on Thursday, only slightly ahead over the past week and weaker over one and three months, even as the latest half year release sharpened the focus on valuation strain. The company now sits on trailing earnings per share of €2.99 and a P/E of 15.2x, above Belgian peers at 9x and the wider European real estate investment trust sector at 14.3x. Set that against a discounted cash flow estimate of €21.72 per share and it highlights the valuation questions investors...