US Student Housing REIT Valuation

Is USQ 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 USQ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: USQ (A$1.05) is trading below our estimate of fair value (A$2.03)

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

Key Valuation Metric

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

Key metric: As USQ is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for USQ. This is calculated by dividing USQ's market cap by their current earnings.
What is USQ's PE Ratio?
PE Ratio	8.8x
Earnings	US$4.37m
Market Cap	US$38.58m

USQ 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	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for USQ 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	102.5x
INA Ingenia Communities Group	145.4x	25.6%	AU$2.0b
APW Aims Property Securities Fund	3.2x	n/a	AU$75.7m
WOT WOTSO Property	140.7x	n/a	AU$123.3m
GDI GDI Property Group	120.8x	55.8%	AU$317.1m
USQ US Student Housing REIT	8.8x	n/a	AU$58.3m

Price-To-Earnings vs Peers: USQ is good value based on its Price-To-Earnings Ratio (8.8x) compared to the peer average (24.7x).

Price to Earnings Ratio vs Industry

How does USQ's PE Ratio compare vs other companies in the Global Residential REITs Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: USQ is good value based on its Price-To-Earnings Ratio (8.8x) compared to the Global Residential REITs industry average (26.4x).

Price to Earnings Ratio vs Fair Ratio

What is USQ'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.

USQ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	8.8x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate USQ'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.

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