Novavest Real Estate Valuation

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

Below Fair Value: NREN (CHF34.6) is trading above our estimate of fair value (CHF18.68)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for NREN. This is calculated by dividing NREN's market cap by their current earnings.
What is NREN's PE Ratio?
PE Ratio	135x
Earnings	CHF 2.61m
Market Cap	CHF 351.91m

NREN 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	30.6x
Enterprise Value/EBITDA	33.4x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for NREN 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	27.2x
FREN Fundamenta Real Estate	30.1x	n/a	CHF 466.0m
WARN Warteck Invest	40.5x	15.3%	CHF 544.5m
EPIC EPIC Suisse	26x	n/a	CHF 762.4m
SEGN Procimmo Group	12.3x	n/a	CHF 176.6m
NREN Novavest Real Estate	135x	n/a	CHF 351.9m

Price-To-Earnings vs Peers: NREN is expensive based on its Price-To-Earnings Ratio (135x) compared to the peer average (27.2x).

Price to Earnings Ratio vs Industry

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

24 Companies	Price / Earnings	Estimated Growth	Market Cap

24 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: NREN is expensive based on its Price-To-Earnings Ratio (135x) compared to the European Real Estate industry average (18x).

Price to Earnings Ratio vs Fair Ratio

What is NREN'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.

NREN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	135x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NREN's Price-To-Earnings 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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