Patrimonium Urban Opportunity Valuation

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

PATRI (CHF2.7) is trading above our estimate of [[fair value]] (CHF0.97)

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

Below Fair Value: PATRI (CHF2.7) is trading above our estimate of fair value (CHF0.97)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for PATRI. This is calculated by dividing PATRI's market cap by their current revenue.
What is PATRI's PS Ratio?
PS Ratio	8.4x
Sales	CHF 12.27m
Market Cap	CHF 102.87m

PATRI 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	18.6x
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for PATRI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	10.5x
PEAN Peach Property Group	2x	-2.3%	CHF 242.7m
SFPN SF Urban Properties	5.9x	-14.8%	CHF 307.7m
PLAN Plazza	22.8x	11.9%	CHF 676.9m
ZUGN Zug Estates Holding	11.2x	2.2%	CHF 953.7m
PATRI Patrimonium Urban Opportunity	8.4x	n/a	CHF 102.9m

Price-To-Sales vs Peers: PATRI is good value based on its Price-To-Sales Ratio (8.4x) compared to the peer average (10.3x).

Price to Sales Ratio vs Industry

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

3 Companies	Price / Sales	Estimated Growth	Market Cap
ADMI Admicasa Holding	0.9x	n/a	US$14.90m
ARON Arundel	0.2x	n/a	US$1.61m
AHAN ACRON HELVETIA I Immobilien	0.4x	n/a	US$381.73k

No more companies available in this PS range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: PATRI is good value based on its Price-To-Sales Ratio (8.4x) compared to the Swiss Real Estate industry average (9.2x).

Price to Sales Ratio vs Fair Ratio

What is PATRI'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.

PATRI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	8.4x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate PATRI's Price-To-Sales 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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