Iguatemi Valuation

Is IGTI4 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 IGTI4 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IGTI4 (R$8.73) is trading below our estimate of fair value (R$15.32)

Significantly Below Fair Value: IGTI4 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for IGTI4?

Key metric: As IGTI4 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for IGTI4. This is calculated by dividing IGTI4's market cap by their current earnings.
What is IGTI4's PE Ratio?
PE Ratio7.4x
EarningsR$378.37m
Market CapR$5.68b

Price to Earnings Ratio vs Peers

How does IGTI4's PE Ratio compare to its peers?

The above table shows the PE ratio for IGTI4 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.2x
MULT3 Multiplan Empreendimentos Imobiliários
11.7x5.7%R$13.4b
LOGG3 LOG Commercial Properties e Participações
6x-21.0%R$2.0b
JHSF3 JHSF Participações
12.5x72.3%R$3.0b
ALOS3 Allos
14.5x8.5%R$11.4b
IGTI4 Iguatemi
7.4x22.2%R$5.7b

Price-To-Earnings vs Peers: IGTI4 is good value based on its Price-To-Earnings Ratio (7.4x) compared to the peer average (11.2x).


Price to Earnings Ratio vs Industry

How does IGTI4's PE Ratio compare vs other companies in the South American Real Estate Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
IGTI4 7.4xIndustry Avg. 8.7xNo. of Companies5PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: IGTI4 is good value based on its Price-To-Earnings Ratio (7.4x) compared to the South American Real Estate industry average (8.8x).


Price to Earnings Ratio vs Fair Ratio

What is IGTI4'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.

IGTI4 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.4x
Fair PE Ratio10.7x

Price-To-Earnings vs Fair Ratio: IGTI4 is good value based on its Price-To-Earnings Ratio (7.4x) compared to the estimated Fair Price-To-Earnings Ratio (10.7x).


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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