Intershop Holding Valuation

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

ISN (CHF122.6) is trading above our estimate of [[fair value]] (CHF98.97)

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

Below Fair Value: ISN (CHF122.6) is trading above our estimate of fair value (CHF98.97)

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

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for ISN. This is calculated by dividing ISN's market cap by their current preferred multiple.
What is ISN's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	CHF 1.13b

ISN 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	8.7x
Enterprise Value/EBITDA	16x
PEG Ratio	-1x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ISN 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	33.4x
HIAG HIAG Immobilien Holding	16.9x	14.0%	CHF 792.5m
EPIC EPIC Suisse	25.7x	n/a	CHF 754.1m
FREN Fundamenta Real Estate	58.1x	n/a	CHF 482.5m
WARN Warteck Invest	32.8x	13.4%	CHF 525.9m
ISN Intershop Holding	13.7x	-13.1%	CHF 1.1b

Price-To-Earnings vs Peers: ISN is good value based on its Price-To-Earnings Ratio (13.7x) compared to the peer average (33.4x).

Price to Earnings Ratio vs Industry

How does ISN's PE Ratio compare vs other companies in the European Real Estate Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	10.6%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	10.6%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: ISN is good value based on its Price-To-Earnings Ratio (13.7x) compared to the European Real Estate industry average (18.2x).

Price to Earnings Ratio vs Fair Ratio

What is ISN'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.

ISN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	13.7x
Fair PE Ratio	18.4x

Price-To-Earnings vs Fair Ratio: ISN is good value based on its Price-To-Earnings Ratio (13.7x) compared to the estimated Fair Price-To-Earnings Ratio (18.4x).

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 ISN forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	CHF 122.60	CHF 124.50 +1.5%	6.0%	CHF 132.00	CHF 117.00	n/a	2
Aug ’25	CHF 117.20	CHF 124.50 +6.2%	6.0%	CHF 132.00	CHF 117.00	n/a	2
Jul ’25	CHF 117.60	CHF 124.50 +5.9%	6.0%	CHF 132.00	CHF 117.00	n/a	2
Jun ’25	CHF 120.00	CHF 124.50 +3.8%	6.0%	CHF 132.00	CHF 117.00	n/a	2
May ’25	CHF 123.40	CHF 124.50 +0.9%	6.0%	CHF 132.00	CHF 117.00	n/a	2

Analyst Forecast: Target price is less than 20% higher than the current share price.