Home Invest Belgium S.A.

ENXTBR:HOMI Stock Report

Market Cap: €314.5m

Home Invest Belgium Valuation

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

Below Fair Value: HOMI (€15.64) is trading below our estimate of fair value (€17.76)

Significantly Below Fair Value: HOMI is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for HOMI. This is calculated by dividing HOMI's market cap by their current earnings.
What is HOMI's PE Ratio?
PE Ratio5x
Earnings€62.59m
Market Cap€314.55m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for HOMI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average48x
CPINV Care Property Invest
152.7x50.2%€449.0m
ASCE Ascencio
14.1x18.1%€303.7m
WEHB Wereldhave Belgium
5.5xn/a€412.3m
NEXTA Nextensa/SA
19.8x35.9%€424.5m
HOMI Home Invest Belgium
5x-42.7%€314.5m

Price-To-Earnings vs Peers: HOMI is good value based on its Price-To-Earnings Ratio (5x) compared to the peer average (48x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
HOMI 5.0xIndustry Avg. 26.5xNo. of Companies5PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HOMI is good value based on its Price-To-Earnings Ratio (5x) compared to the Global Residential REITs industry average (26.1x).

Price to Earnings Ratio vs Fair Ratio

What is HOMI'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.

HOMI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5x
Fair PE Ratio7.5x

Price-To-Earnings vs Fair Ratio: HOMI is good value based on its Price-To-Earnings Ratio (5x) compared to the estimated Fair Price-To-Earnings Ratio (7.5x).

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 HOMI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€15.64
€19.50
+24.7%
7.7%€21.00€18.00n/a2
Nov ’25€17.14
€19.50
+13.8%
7.7%€21.00€18.00n/a2
Oct ’25€18.66
€19.25
+3.2%
6.5%€20.50€18.00n/a2
Sep ’25€18.54
€19.25
+3.8%
6.5%€20.50€18.00n/a2
Aug ’25€17.32
€19.25
+11.1%
6.5%€20.50€18.00n/a2
Jul ’25€17.46
€19.25
+10.3%
6.5%€20.50€18.00n/a2
Jun ’25€18.80
€19.25
+2.4%
6.5%€20.50€18.00n/a2
May ’25€16.54
€17.75
+7.3%
1.4%€18.00€17.50n/a2
Apr ’25€16.54
€17.75
+7.3%
1.4%€18.00€17.50n/a2
Mar ’25€14.82
€17.75
+19.8%
1.4%€18.00€17.50n/a2
Feb ’25€14.98
€17.75
+18.5%
1.4%€18.00€17.50n/a2
Jan ’25€15.50
€17.75
+14.5%
1.4%€18.00€17.50n/a2

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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