PSP Swiss Property Valuation
Is PSPN undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
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 PSPN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: PSPN (CHF115.2) is trading above our estimate of fair value (CHF64.4)
Significantly Below Fair Value: PSPN is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for PSPN?
Other financial metrics that can be useful for relative valuation.
| What is PSPN's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | CHF 5.28b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 22.7x |
| Enterprise Value/EBITDA | 28.2x |
| PEG Ratio | 2.8x |
Price to Earnings Ratio vs Peers
How does PSPN's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 42.7x | ||
SPSN Swiss Prime Site | 75.8x | 27.6% | CHF 6.6b |
MOBN Mobimo Holding | 39.5x | 23.2% | CHF 1.8b |
EPIC EPIC Suisse | 42.5x | n/a | CHF 750.0m |
ISN Intershop Holding | 13.1x | -13.1% | CHF 1.1b |
PSPN PSP Swiss Property | 22.8x | 8.2% | CHF 5.3b |
Price-To-Earnings vs Peers: PSPN is good value based on its Price-To-Earnings Ratio (22.8x) compared to the peer average (42.7x).
Price to Earnings Ratio vs Industry
How does PSPN's PE Ratio compare vs other companies in the European Real Estate Industry?
Price-To-Earnings vs Industry: PSPN is expensive based on its Price-To-Earnings Ratio (22.8x) compared to the European Real Estate industry average (20x).
Price to Earnings Ratio vs Fair Ratio
What is PSPN'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 22.8x |
| Fair PE Ratio | 33x |
Price-To-Earnings vs Fair Ratio: PSPN is good value based on its Price-To-Earnings Ratio (22.8x) compared to the estimated Fair Price-To-Earnings Ratio (33x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | CHF 115.20 | CHF 123.44 +7.2% | 4.2% | CHF 130.00 | CHF 115.00 | n/a | 9 |
| Jun ’25 | CHF 113.30 | CHF 124.25 +9.7% | 4.0% | CHF 130.00 | CHF 115.00 | n/a | 8 |
| May ’25 | CHF 113.90 | CHF 123.63 +8.5% | 3.9% | CHF 130.00 | CHF 115.00 | n/a | 8 |
| Apr ’25 | CHF 118.20 | CHF 122.38 +3.5% | 3.4% | CHF 128.00 | CHF 115.00 | n/a | 8 |
| Mar ’25 | CHF 113.50 | CHF 121.25 +6.8% | 5.9% | CHF 130.00 | CHF 105.00 | n/a | 8 |
| Feb ’25 | CHF 115.20 | CHF 120.63 +4.7% | 7.1% | CHF 130.00 | CHF 100.00 | n/a | 8 |
| Jan ’25 | CHF 117.60 | CHF 119.25 +1.4% | 7.1% | CHF 130.00 | CHF 100.00 | n/a | 8 |
| Dec ’24 | CHF 115.10 | CHF 116.57 +1.3% | 6.7% | CHF 128.00 | CHF 100.00 | n/a | 7 |
| Nov ’24 | CHF 110.60 | CHF 115.71 +4.6% | 7.1% | CHF 128.00 | CHF 100.00 | n/a | 7 |
| Oct ’24 | CHF 108.20 | CHF 115.71 +6.9% | 7.1% | CHF 128.00 | CHF 100.00 | n/a | 7 |
| Sep ’24 | CHF 107.00 | CHF 113.75 +6.3% | 7.5% | CHF 128.00 | CHF 100.00 | n/a | 8 |
| Aug ’24 | CHF 102.80 | CHF 114.33 +11.2% | 7.0% | CHF 128.00 | CHF 100.00 | n/a | 9 |
| Jul ’24 | CHF 99.90 | CHF 114.33 +14.4% | 7.0% | CHF 128.00 | CHF 100.00 | CHF 115.20 | 9 |
| Jun ’24 | CHF 97.30 | CHF 114.89 +18.1% | 7.4% | CHF 128.00 | CHF 100.00 | CHF 113.30 | 9 |
| May ’24 | CHF 105.10 | CHF 118.00 +12.3% | 7.8% | CHF 128.00 | CHF 100.00 | CHF 113.90 | 9 |
| Apr ’24 | CHF 104.00 | CHF 119.22 +14.6% | 6.7% | CHF 128.00 | CHF 100.00 | CHF 118.20 | 9 |
| Mar ’24 | CHF 105.00 | CHF 119.22 +13.5% | 6.7% | CHF 128.00 | CHF 100.00 | CHF 113.50 | 9 |
| Feb ’24 | CHF 113.80 | CHF 119.33 +4.9% | 6.7% | CHF 128.00 | CHF 100.00 | CHF 115.20 | 9 |
| Jan ’24 | CHF 108.50 | CHF 118.22 +9.0% | 6.6% | CHF 128.00 | CHF 100.00 | CHF 117.60 | 9 |
| Dec ’23 | CHF 106.00 | CHF 118.78 +12.1% | 6.5% | CHF 128.00 | CHF 100.00 | CHF 115.10 | 9 |
| Nov ’23 | CHF 106.30 | CHF 121.00 +13.8% | 8.0% | CHF 135.00 | CHF 100.00 | CHF 110.60 | 9 |
| Oct ’23 | CHF 99.00 | CHF 122.67 +23.9% | 8.7% | CHF 135.00 | CHF 100.00 | CHF 108.20 | 9 |
| Sep ’23 | CHF 108.30 | CHF 124.89 +15.3% | 9.5% | CHF 140.00 | CHF 100.00 | CHF 107.00 | 9 |
| Aug ’23 | CHF 113.60 | CHF 126.67 +11.5% | 7.3% | CHF 140.00 | CHF 110.00 | CHF 102.80 | 9 |
| Jul ’23 | CHF 106.60 | CHF 126.78 +18.9% | 7.2% | CHF 140.00 | CHF 110.00 | CHF 99.90 | 9 |
Analyst Forecast: Target price is less than 20% higher than the current share price.