Union Properties Valuation

Q: What is the Fair Price of UPP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

UPP (AED0.35) is trading below our estimate of [[fair value]] (AED4.81)

Is UPP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of UPP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: UPP (AED0.35) is trading below our estimate of fair value (AED4.81)

Significantly Below Fair Value: UPP is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for UPP?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for UPP. This is calculated by dividing UPP's market cap by their current preferred multiple.
What is UPP's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	د.إ1.49b

UPP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	4x
Enterprise Value/EBITDA	64.2x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does UPP's PE Ratio compare to its peers?

The above table shows the PE ratio for UPP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	23.4x
ALDAR Aldar Properties PJSC	11.9x	13.5%	د.إ60.3b
DEYAAR Deyaar Development PJSC	6.1x	n/a	د.إ3.1b
RAKPROP RAK Properties PJSC	17.4x	n/a	د.إ3.5b
KICO Al Khaleej Investment P.J.S.C	58.3x	n/a	د.إ472.5m
UPP Union Properties	1.7x	n/a	د.إ1.5b

Price-To-Earnings vs Peers: UPP is good value based on its Price-To-Earnings Ratio (1.7x) compared to the peer average (23.4x).

Price to Earnings Ratio vs Industry

How does UPP's PE Ratio compare vs other companies in the Asian Real Estate Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	20.7%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	20.7%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: UPP is good value based on its Price-To-Earnings Ratio (1.7x) compared to the Asian Real Estate industry average (14.8x).

Price to Earnings Ratio vs Fair Ratio

What is UPP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

UPP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	1.7x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate UPP's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.