LEG Immobilien SE

BRSE:LEG Stock Report

Market Cap: CHF 5.4b

LEG Immobilien Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Discounted Cash Flow
Simply Wall St
CHF 94.34
Fair Value
46.3% overvalued intrinsic discount
17
Number of Analysts

Below Fair Value: LEG (CHF138) is trading above our estimate of fair value (CHF94.34)

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

Key Valuation Metric

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

Key metric: As LEG is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for LEG. This is calculated by dividing LEG's market cap by their current revenue.
What is LEG's PS Ratio?
PS Ratio4.1x
Sales€1.41b
Market Cap€5.79b

Price to Sales Ratio vs Peers

How does LEG's PS Ratio compare to its peers?

The above table shows the PS ratio for LEG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average12.6x
PSPN PSP Swiss Property
17x1.5%CHF 6.1b
SPSN Swiss Prime Site
11.8x-10.0%CHF 7.9b
MOBN Mobimo Holding
8.7x-13.5%CHF 2.2b
ISN Intershop Holding
13x3.3%CHF 1.2b
LEG LEG Immobilien
4.1x-14.7%CHF 5.8b

Price-To-Sales vs Peers: LEG is good value based on its Price-To-Sales Ratio (4.1x) compared to the peer average (12.6x).

Price to Sales Ratio vs Industry

How does LEG's PS Ratio compare vs other companies in the CH Real Estate Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
ADMI Admicasa Holding
0.6xn/aUS$9.85m
SEAN Swiss Estates
1.2x7.7%US$9.79m
ARON Arundel
0.2xn/aUS$1.61m
AHAN ACRON HELVETIA I Immobilien
0.4xn/aUS$381.73k
No more companies available in this PS range
LEG 4.1xIndustry Avg. 8.7xNo. of Companies6PS0612182430+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: LEG is good value based on its Price-To-Sales Ratio (4.1x) compared to the Swiss Real Estate industry average (8.7x).

Price to Sales Ratio vs Fair Ratio

What is LEG'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.

LEG PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.1x
Fair PS Ratio3.3x

Price-To-Sales vs Fair Ratio: LEG is expensive based on its Price-To-Sales Ratio (4.1x) compared to the estimated Fair Price-To-Sales Ratio (3.3x).

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 LEG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
CHF 92.84
0%
12.5%CHF 126.98CHF 75.08n/a17
Jan ’26CHF 138.00
CHF 91.89
-33.4%
12.9%CHF 125.75CHF 74.36n/a17
Dec ’25CHF 138.00
CHF 91.78
-33.5%
13.3%CHF 126.06CHF 74.54n/a17
Nov ’25CHF 138.00
CHF 91.04
-34.0%
13.9%CHF 127.28CHF 75.26n/a17
Oct ’25CHF 138.00
CHF 88.93
-35.6%
13.7%CHF 127.34CHF 75.30n/a17
Sep ’25CHF 138.00
CHF 85.57
-38.0%
14.6%CHF 127.14CHF 73.29n/a15
Aug ’25CHF 138.00
CHF 86.16
-37.6%
14.0%CHF 129.20CHF 74.72n/a17
Jul ’25CHF 138.00
CHF 85.78
-37.8%
14.3%CHF 129.57CHF 70.22n/a17
Jun ’25CHF 138.00
CHF 87.28
-36.8%
15.2%CHF 133.44CHF 72.32n/a17
May ’25CHF 138.00
CHF 84.57
-38.7%
15.7%CHF 130.81CHF 68.27n/a17
Apr ’25CHF 138.00
CHF 83.98
-39.1%
15.9%CHF 130.87CHF 68.30n/a17
Mar ’25CHF 138.00
CHF 78.78
-42.9%
19.3%CHF 126.56CHF 51.67n/a17
Feb ’25CHF 138.00
CHF 78.78
-42.9%
19.3%CHF 126.56CHF 51.67n/a17
Jan ’25CHF 138.00
CHF 75.48
-45.3%
20.9%CHF 127.27CHF 50.74CHF 138.0017
Dec ’24CHF 138.00
CHF 74.54
-46.0%
23.7%CHF 130.01CHF 48.74CHF 138.0017
Nov ’24CHF 138.00
CHF 72.78
-47.3%
24.3%CHF 127.73CHF 48.36CHF 138.0016
Oct ’24CHF 138.00
CHF 72.31
-47.6%
24.8%CHF 128.42CHF 48.62CHF 138.0016
Sep ’24CHF 138.00
CHF 72.55
-47.4%
25.1%CHF 128.74CHF 48.74CHF 138.0016
Aug ’24CHF 138.00
CHF 75.06
-45.6%
32.5%CHF 155.55CHF 48.88CHF 138.0016
Jul ’24CHF 138.00
CHF 77.55
-43.8%
31.0%CHF 158.63CHF 53.56CHF 138.0016
Jun ’24CHF 138.00
CHF 77.34
-44.0%
30.9%CHF 157.56CHF 53.39CHF 138.0016
May ’24CHF 138.00
CHF 81.50
-40.9%
29.1%CHF 159.94CHF 54.20CHF 138.0016
Apr ’24CHF 138.00
CHF 83.13
-39.8%
28.7%CHF 161.67CHF 54.79CHF 138.0016
Mar ’24CHF 108.45
CHF 86.34
-20.4%
25.2%CHF 162.46CHF 62.06CHF 138.0017
Feb ’24CHF 138.00
CHF 86.34
-37.4%
25.2%CHF 162.46CHF 62.06CHF 138.0017
Jan ’24CHF 138.00
CHF 86.64
-37.2%
26.9%CHF 160.66CHF 56.42CHF 138.0017
Analyst Price Target
Consensus Narrative from 17 Analysts
CHF 175.51
Fair Value
21.4% undervalued intrinsic discount
17
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/20 16:47
End of Day Share Price 2025/01/09 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

LEG Immobilien SE is covered by 37 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ruud Van MaanenABN AMRO Bank N.V.
Andre RemkeBaader Helvea Equity Research
Paul MayBarclays