BB Progressivo II Fundo de Investimento Imobiliário - FII

BOVESPA:TVRI11 Stock Report

Market Cap: R$1.4b

BB Progressivo II Fundo de Investimento Imobiliário - FII Valuation

Is TVRI11 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TVRI11 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TVRI11 (R$89.45) is trading above our estimate of fair value (R$63.79)

Significantly Below Fair Value: TVRI11 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TVRI11?

Key metric: As TVRI11 is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for TVRI11. This is calculated by dividing TVRI11's market cap by their current book value.
What is TVRI11's PB Ratio?
PB Ration/a
BookR$1.64b
Market CapR$1.42b

Price to Book Ratio vs Peers

How does TVRI11's PB Ratio compare to its peers?

The above table shows the PB ratio for TVRI11 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average0.5x
BRCR11 Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund
0.4xn/aR$1.1b
TRNT11 Fundo de Investimento Imobiliário - FII Torre Norte
0.6xn/aR$452.6m
EDGA11 Fundo de Investimento Imobiliario - FII Edificio Galeria
0.3xn/aR$68.3m
JSRE11 JS Real Estate multigestão - FII fund
0.5xn/aR$1.2b
TVRI11 BB Progressivo II Fundo de Investimento Imobiliário - FII
n/an/aR$1.4b

Price-To-Book vs Peers: Insufficient data to calculate TVRI11's Price-To-Book Ratio vs. peers for valuation analysis.

Price to Book Ratio vs Industry

How does TVRI11's PB Ratio compare vs other companies in the BR Office REITs Industry?

0 CompaniesPrice / BookEstimated GrowthMarket Cap
TVRI11 is unprofitableIndustry Avg. 0.7xNo. of Companies1PB00.61.21.82.43+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: Insufficient data to calculate TVRI11's Price-To-Book Ratio vs. industry for valuation analysis.

Price to Book Ratio vs Fair Ratio

What is TVRI11's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TVRI11 PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ration/a
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate TVRI11's Price-To-Book 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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