CTP Valuation

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

CTPNV (CZK395) is trading below our estimate of [[fair value]] (CZK673.85)

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: CTPNV (CZK395) is trading below our estimate of fair value (CZK673.85)

Significantly Below Fair Value: CTPNV is trading below fair value by more than 20%.

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for CTPNV. This is calculated by dividing CTPNV's market cap by their current preferred multiple.
What is CTPNV's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	€7.35b

CTPNV 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	18.9x
Enterprise Value/EBITDA	28.2x
PEG Ratio	1.9x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CTPNV 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	21.1x
CPN Central Pattana	16.8x	5.5%	฿283.9b
AZRG Azrieli Group	16.9x	36.7%	₪34.6b
1209 China Resources Mixc Lifestyle Services	19.5x	14.7%	HK$72.8b
SAGA A AB Sagax	31.4x	6.6%	SEK 91.3b
CTPNV CTP	7.5x	4.0%	Kč7.4b

Price-To-Earnings vs Peers: CTPNV is good value based on its Price-To-Earnings Ratio (7.5x) compared to the peer average (21.1x).

Price to Earnings Ratio vs Industry

How does CTPNV'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	60.6%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	60.6%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: CTPNV is good value based on its Price-To-Earnings Ratio (7.5x) compared to the European Real Estate industry average (19.2x).

Price to Earnings Ratio vs Fair Ratio

What is CTPNV'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.

CTPNV PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	7.5x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CTPNV'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?

The above table shows the analyst CTPNV 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	Kč390.00	Kč519.36 +33.2%	8.2%	Kč606.45	Kč467.48	n/a	15
Oct ’25	Kč423.40	Kč511.58 +20.8%	8.7%	Kč605.22	Kč428.70	n/a	15
Sep ’25	Kč437.00	Kč489.68 +12.1%	7.0%	Kč533.97	Kč426.18	n/a	15
Aug ’25	Kč417.80	Kč491.61 +17.7%	6.5%	Kč531.60	Kč430.35	n/a	15
Jul ’25	Kč400.00	Kč479.18 +19.8%	6.5%	Kč518.16	Kč419.47	n/a	15
Jun ’25	Kč410.00	Kč478.69 +16.8%	6.3%	Kč518.53	Kč419.76	n/a	15
May ’25	Kč400.00	Kč470.11 +17.5%	10.2%	Kč530.01	Kč360.91	n/a	15
Apr ’25	Kč418.00	Kč462.44 +10.6%	9.1%	Kč530.86	Kč361.49	n/a	15
Mar ’25	Kč395.00	Kč428.45 +8.5%	7.5%	Kč480.22	Kč361.43	n/a	15
Feb ’25	Kč400.00	Kč416.18 +4.0%	8.7%	Kč472.03	Kč347.81	n/a	15
Jan ’25	Kč384.00	Kč383.51 -0.1%	7.3%	Kč429.77	Kč336.98	n/a	15
Dec ’24	Kč358.80	Kč378.86 +5.6%	8.1%	Kč429.73	Kč300.67	n/a	15
Nov ’24	Kč339.00	Kč375.63 +10.8%	8.2%	Kč434.11	Kč296.32	n/a	15
Oct ’24	Kč325.40	Kč373.28 +14.7%	6.4%	Kč427.82	Kč340.70	Kč423.40	15
Sep ’24	Kč316.40	Kč366.84 +15.9%	6.5%	Kč423.52	Kč337.28	Kč437.00	14
Aug ’24	Kč297.00	Kč363.39 +22.4%	6.3%	Kč420.33	Kč334.73	Kč417.80	13
Jul ’24	Kč283.00	Kč363.61 +28.5%	6.6%	Kč418.34	Kč333.15	Kč400.00	11
Jun ’24	Kč284.20	Kč364.22 +28.2%	6.5%	Kč416.32	Kč331.54	Kč410.00	11
May ’24	Kč280.80	Kč357.57 +27.3%	7.6%	Kč413.36	Kč312.73	Kč400.00	11
Apr ’24	Kč283.00	Kč358.99 +26.9%	8.9%	Kč416.76	Kč296.00	Kč418.00	10
Mar ’24	Kč300.00	Kč370.88 +23.6%	15.0%	Kč475.76	Kč297.35	Kč395.00	11
Feb ’24	Kč317.50	Kč371.55 +17.0%	15.6%	Kč477.26	Kč298.29	Kč400.00	10
Jan ’24	Kč262.50	Kč383.94 +46.3%	18.1%	Kč495.19	Kč267.14	Kč384.00	10
Dec ’23	Kč256.00	Kč384.17 +50.1%	19.0%	Kč497.56	Kč268.43	Kč358.80	9
Nov ’23	Kč265.00	Kč415.25 +56.7%	12.8%	Kč491.78	Kč319.66	Kč339.00	8
Oct ’23	Kč259.00	Kč417.82 +61.3%	12.5%	Kč492.48	Kč319.95	Kč325.40	8

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