Real Bulland AD Valuation

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

RBL (BGN1.3) is trading below our estimate of [[fair value]] (BGN1.33)

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: RBL (BGN1.3) is trading below our estimate of fair value (BGN1.33)

Significantly Below Fair Value: RBL 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 RBL?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for RBL. This is calculated by dividing RBL's market cap by their current preferred multiple.
What is RBL's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	лв10.47m

RBL 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	43.4x
Enterprise Value/EBITDA	381.1x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for RBL 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	12x
IMP ImPulse I AD	4.6x	n/a	лв9.6m
NIS Immovable Properties Sofia REIT Sofia	4.7x	n/a	лв5.3m
11C Eleven Capital AD	11.8x	n/a	лв39.4m
CHL Chernomorski Holding AD	27x	n/a	лв50.3m
RBL Real Bulland AD	12.5x	n/a	лв10.5m

Price-To-Earnings vs Peers: RBL is expensive based on its Price-To-Earnings Ratio (12.5x) compared to the peer average (12x).

Price to Earnings Ratio vs Industry

How does RBL's PE Ratio compare vs other companies in the European Capital Markets Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	19.3%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	19.3%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: RBL is good value based on its Price-To-Earnings Ratio (12.5x) compared to the European Capital Markets industry average (14.7x).

Price to Earnings Ratio vs Fair Ratio

What is RBL'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.

RBL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	12.5x
Fair PE Ratio	n/a

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