Cofinimmo Valuation
Is COFB undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
6/6Valuation Score 6/6
Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of COFB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: COFB (€56.3) is trading below our estimate of fair value (€87.6)
Significantly Below Fair Value: COFB is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for COFB?
Key metric: As COFB is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is COFB's PS Ratio? | |
|---|---|
| PS Ratio | 5.4x |
| Sales | €394.00m |
| Market Cap | €2.14b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 12.7x |
| Enterprise Value/EBITDA | 17.6x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does COFB's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 9.9x | ||
AED Aedifica/SA | 8x | 3.7% | €2.7b |
MONT Montea Comm. VA | 11.3x | 8.9% | €1.5b |
SHUR Shurgard Self Storage | 10.3x | 10.9% | €3.8b |
WDP Warehouses De Pauw | 10.3x | 3.2% | €4.7b |
COFB Cofinimmo | 5.4x | -0.1% | €2.1b |
Price-To-Sales vs Peers: COFB is good value based on its Price-To-Sales Ratio (5.4x) compared to the peer average (9.9x).
Price to Sales Ratio vs Industry
How does COFB's PS Ratio compare vs other companies in the Global Health Care REITs Industry?
| 4 Companies | Price / Sales | Estimated Growth | Market Cap |
|---|---|---|---|
| 4 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Sales vs Industry: COFB is good value based on its Price-To-Sales Ratio (5.4x) compared to the Global Health Care REITs industry average (6.7x).
Price to Sales Ratio vs Fair Ratio
What is COFB'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.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 5.4x |
| Fair PS Ratio | 7.4x |
Price-To-Sales vs Fair Ratio: COFB is good value based on its Price-To-Sales Ratio (5.4x) compared to the estimated Fair Price-To-Sales Ratio (7.4x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | €56.30 | €71.50 +27.0% | 6.8% | €76.50 | €60.00 | n/a | 14 |
| Nov ’25 | €58.00 | €71.50 +23.3% | 6.8% | €76.50 | €60.00 | n/a | 14 |
| Oct ’25 | €66.70 | €72.07 +8.1% | 6.3% | €77.00 | €60.00 | n/a | 14 |
| Sep ’25 | €61.75 | €70.36 +13.9% | 7.0% | €77.00 | €60.00 | n/a | 14 |
| Aug ’25 | €60.80 | €71.14 +17.0% | 8.1% | €80.00 | €60.00 | n/a | 14 |
| Jul ’25 | €56.65 | €72.44 +27.9% | 6.7% | €80.00 | €60.00 | n/a | 14 |
| Jun ’25 | €60.80 | €72.31 +18.9% | 8.2% | €80.00 | €60.00 | n/a | 14 |
| May ’25 | €62.30 | €72.39 +16.2% | 8.2% | €80.00 | €60.00 | n/a | 14 |
| Apr ’25 | €60.65 | €72.74 +19.9% | 8.2% | €80.00 | €60.00 | n/a | 14 |
| Mar ’25 | €57.65 | €73.53 +27.5% | 7.1% | €80.00 | €60.00 | n/a | 14 |
| Feb ’25 | €65.15 | €74.03 +13.6% | 7.2% | €82.00 | €60.00 | n/a | 14 |
| Jan ’25 | €71.40 | €74.25 +4.0% | 7.7% | €85.00 | €62.00 | n/a | 14 |
| Dec ’24 | €65.45 | €74.89 +14.4% | 8.9% | €87.00 | €62.00 | n/a | 14 |
| Nov ’24 | €59.70 | €75.46 +26.4% | 9.6% | €87.00 | €62.00 | €58.00 | 13 |
| Oct ’24 | €64.90 | €82.27 +26.8% | 12.7% | €102.00 | €68.00 | €66.70 | 13 |
| Sep ’24 | €70.80 | €86.69 +22.4% | 12.9% | €105.00 | €68.00 | €61.75 | 13 |
| Aug ’24 | €70.85 | €89.96 +27.0% | 11.6% | €105.00 | €68.00 | €60.80 | 13 |
| Jul ’24 | €68.80 | €90.86 +32.1% | 9.3% | €105.00 | €75.00 | €56.65 | 11 |
| Jun ’24 | €73.25 | €91.77 +25.3% | 10.1% | €105.00 | €75.00 | €60.80 | 11 |
| May ’24 | €86.65 | €93.05 +7.4% | 11.5% | €110.00 | €75.00 | €62.30 | 11 |
| Apr ’24 | €81.55 | €93.05 +14.1% | 11.5% | €110.00 | €75.00 | €60.65 | 11 |
| Mar ’24 | €84.00 | €95.18 +13.3% | 10.9% | €110.00 | €75.00 | €57.65 | 11 |
| Feb ’24 | €84.70 | €101.09 +19.4% | 20.2% | €155.00 | €75.00 | €65.15 | 11 |
| Jan ’24 | €83.70 | €110.59 +32.1% | 20.4% | €155.00 | €80.00 | €71.40 | 11 |
| Dec ’23 | €83.10 | €110.95 +33.5% | 20.2% | €155.00 | €80.00 | €65.45 | 11 |
| Nov ’23 | €87.10 | €122.50 +40.6% | 16.8% | €155.00 | €87.00 | €59.70 | 11 |
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
Discover undervalued companies
Wereldhave Belgium
€413.2m
A public regulated real estate company with a focus on commercial property in Belgium.
WEHB
€46.50
7D
-0.4%
1Y
-0.9%
Shurgard Self Storage
€3.8b
Engages in the acquisition, development, and operation of self-storage facilities for business and personal use.
SHUR
€38.90
7D
-6.7%
1Y
-0.6%
Warehouses De Pauw
€4.7b
WDP develops and invests in logistics property (warehouses and offices).
WDP
€20.72
7D
0.5%
1Y
-17.9%