MIRAIT ONE Valuation

Q: What is the Fair Price of 5FO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

5FO (€13.4) is trading below our estimate of [[fair value]] (€32.72)

Is 5FO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

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 5FO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 5FO (€13.4) is trading below our estimate of fair value (€32.72)

Significantly Below Fair Value: 5FO is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 5FO?

Key metric: As 5FO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 5FO. This is calculated by dividing 5FO's market cap by their current earnings.
What is 5FO's PE Ratio?
PE Ratio	14.7x
Earnings	JP¥13.76b
Market Cap	JP¥202.41b

5FO 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	0.5x
Enterprise Value/EBITDA	8x
PEG Ratio	1x

Price to Earnings Ratio vs Peers

How does 5FO's PE Ratio compare to its peers?

The above table shows the PE ratio for 5FO 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	19.4x
B5A0 BAUER	32.3x	38.2%	€176.5m
HOT HOCHTIEF	13.2x	1.9%	€9.5b
KSB KSB SE KGaA	7.8x	7.7%	€1.1b
PFV Pfeiffer Vacuum Technology	24.5x	18.4%	€1.5b
5FO MIRAIT ONE	14.7x	15.4%	€202.4b

Price-To-Earnings vs Peers: 5FO is good value based on its Price-To-Earnings Ratio (14.7x) compared to the peer average (19.4x).

Price to Earnings Ratio vs Industry

How does 5FO's PE Ratio compare vs other companies in the European Construction Industry?

3 Companies	Price / Earnings	Estimated Growth	Market Cap

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 5FO is expensive based on its Price-To-Earnings Ratio (14.7x) compared to the European Construction industry average (13.4x).

Price to Earnings Ratio vs Fair Ratio

What is 5FO'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.

5FO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	14.7x
Fair PE Ratio	14.8x

Price-To-Earnings vs Fair Ratio: 5FO is good value based on its Price-To-Earnings Ratio (14.7x) compared to the estimated Fair Price-To-Earnings Ratio (14.8x).

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.