PEXA Group (CHIA:PXA) Stock Valuation, Peer Comparison & Price Targets

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

PXA (A$13.6) is trading below our estimate of [[fair value]] (A$41.49)

Share Price vs Fair Value

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

Below Fair Value: PXA (A$13.6) is trading below our estimate of fair value (A$41.49)

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

Key Valuation Metric

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

Key metric: As PXA is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for PXA. This is calculated by dividing PXA's market cap by their current revenue.
What is PXA's PS Ratio?
PS Ratio	7.1x
Sales	AU$340.06m
Market Cap	AU$2.41b

PXA 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	7.9x
Enterprise Value/EBITDA	61.4x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does PXA's PS Ratio compare to its peers?

The above table shows the PS ratio for PXA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	1.9x
LLC Lendlease Group	0.5x	-8.9%	AU$4.7b
LIC Lifestyle Communities	4.4x	18.8%	AU$1.1b
PPC Peet	2.2x	n/a	AU$657.9m
ACU Acumentis Group	0.3x	n/a	AU$17.9m
PXA PEXA Group	7.1x	13.3%	AU$2.4b

Price-To-Sales vs Peers: PXA is expensive based on its Price-To-Sales Ratio (7.1x) compared to the peer average (1.9x).

Price to Sales Ratio vs Industry

How does PXA's PS Ratio compare vs other companies in the AU Real Estate Industry?

6 Companies	Price / Sales	Estimated Growth	Market Cap
LLC Lendlease Group	0.5x	-8.9%	US$3.03b
MPX Mustera Property Group	0.6x	n/a	US$24.55m
ACU Acumentis Group	0.3x	n/a	US$11.58m
AU1 Agency Group Australia	0.1x	n/a	US$6.92m

6 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: PXA is expensive based on its Price-To-Sales Ratio (7.1x) compared to the Oceanic Real Estate industry average (3.2x).

Price to Sales Ratio vs Fair Ratio

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

PXA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	7.1x
Fair PS Ratio	10.3x

Price-To-Sales vs Fair Ratio: PXA is good value based on its Price-To-Sales Ratio (7.1x) compared to the estimated Fair Price-To-Sales Ratio (10.3x).

Analyst Price Targets

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

The above table shows the analyst PXA forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	AU$13.60	AU$15.84 +16.4%	8.0%	AU$17.80	AU$13.40	n/a	11
Nov ’25	AU$13.27	AU$15.73 +18.5%	7.2%	AU$17.70	AU$13.40	n/a	11
Oct ’25	AU$14.73	AU$15.64 +6.2%	6.8%	AU$17.20	AU$13.40	n/a	11
Sep ’25	AU$13.36	AU$15.18 +13.6%	11.5%	AU$17.20	AU$10.57	n/a	12
Aug ’25	AU$14.21	AU$14.90 +4.8%	13.2%	AU$17.25	AU$10.57	n/a	12
Jul ’25	AU$13.77	AU$14.69 +6.7%	13.9%	AU$17.25	AU$10.57	n/a	11
Jun ’25	AU$14.56	AU$14.43 -0.9%	14.1%	AU$17.25	AU$10.57	n/a	11
May ’25	AU$12.23	AU$13.59 +11.1%	12.6%	AU$16.00	AU$10.57	n/a	11
Apr ’25	AU$13.60	AU$13.59 -0.09%	12.6%	AU$16.00	AU$10.57	n/a	11
Mar ’25	AU$12.54	AU$13.59 +8.4%	12.6%	AU$16.00	AU$10.57	n/a	11
Feb ’25	AU$11.34	AU$13.52 +19.2%	10.7%	AU$15.30	AU$11.45	n/a	10
Jan ’25	AU$11.14	AU$13.68 +22.8%	12.0%	AU$15.65	AU$11.30	n/a	9
Dec ’24	AU$11.81	AU$14.46 +22.4%	7.6%	AU$15.75	AU$12.20	n/a	9
Nov ’24	AU$11.19	AU$14.12 +26.2%	10.7%	AU$16.00	AU$10.40	AU$13.27	9
Oct ’24	AU$11.41	AU$14.80 +29.7%	10.5%	AU$17.00	AU$11.40	AU$14.73	9
Sep ’24	AU$11.54	AU$14.30 +23.9%	14.4%	AU$17.00	AU$10.50	AU$13.36	9
Aug ’24	AU$13.35	AU$15.14 +13.4%	15.7%	AU$17.60	AU$10.50	AU$14.21	8
Jul ’24	AU$13.62	AU$15.16 +11.3%	15.5%	AU$17.60	AU$10.50	AU$13.77	8
Jun ’24	AU$13.16	AU$15.29 +16.2%	16.0%	AU$17.60	AU$10.50	AU$14.56	8
May ’24	AU$13.34	AU$15.29 +14.6%	15.9%	AU$18.00	AU$10.50	AU$12.23	8
Apr ’24	AU$13.50	AU$15.29 +13.3%	15.8%	AU$18.00	AU$10.50	AU$13.60	8
Mar ’24	AU$11.81	AU$15.24 +29.0%	16.5%	AU$18.00	AU$10.19	AU$12.54	8
Feb ’24	AU$12.98	AU$15.88 +22.4%	21.4%	AU$19.80	AU$10.19	AU$11.34	6
Jan ’24	n/a	AU$16.03 0%	21.7%	AU$19.80	AU$10.19	AU$11.14	6
Dec ’23	n/a	AU$16.14 0%	22.9%	AU$20.00	AU$10.19	AU$11.81	6
Nov ’23	n/a	AU$16.14 0%	22.9%	AU$20.00	AU$10.19	AU$11.19	6

Analyst Forecast: Target price is less than 20% higher than the current share price.

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PEXA Group Valuation