Ble Kedros REIC

DB:N67 Stock Report

Market Cap: €150.9m

Ble Kedros REIC Valuation

Is N67 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 N67 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: N67 (€3.49) is trading above our estimate of fair value (€0.29)

Significantly Below Fair Value: N67 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for N67?

Key metric: As N67 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for N67. This is calculated by dividing N67's market cap by their current earnings.
What is N67's PE Ratio?
PE Ratio16.9x
Earnings€8.91m
Market Cap€150.90m

Price to Earnings Ratio vs Peers

How does N67's PE Ratio compare to its peers?

The above table shows the PE ratio for N67 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.5x
QB7 Quirin Privatbank
20.3xn/a€164.1m
BBHK Deutsche Balaton
5.9xn/a€175.4m
MPCK MPC Münchmeyer Petersen Capital
12.2x5.4%€204.4m
HXCK Ernst Russ
3.7x-18.2%€196.1m
N67 Ble Kedros REIC
16.9xn/a€150.9m

Price-To-Earnings vs Peers: N67 is expensive based on its Price-To-Earnings Ratio (16.9x) compared to the peer average (10.5x).

Price to Earnings Ratio vs Industry

How does N67's PE Ratio compare vs other companies in the DE Capital Markets Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AR4 AURELIUS Equity Opportunities SE KGaA
3.9xn/aUS$413.77m
HXCK Ernst Russ
3.7x-18.2%US$205.53m
VG8 Varengold Bank
1.9xn/aUS$24.20m
XE8 Black Sea Property
0.7xn/aUS$7.73m
No more companies available in this PE range
N67 16.9xIndustry Avg. 20.3xNo. of Companies6PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: N67 is good value based on its Price-To-Earnings Ratio (16.9x) compared to the German Capital Markets industry average (20.1x).

Price to Earnings Ratio vs Fair Ratio

What is N67'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.

N67 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate N67'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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