eXp World Holdings, Inc.

BST:44Y Stock Report

Market Cap: €1.7b

eXp World Holdings Valuation

Is 44Y 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 44Y when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 44Y (€11.95) is trading below our estimate of fair value (€42.61)

Significantly Below Fair Value: 44Y is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 44Y?

Key metric: As 44Y is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 44Y. This is calculated by dividing 44Y's market cap by their current revenue.
What is 44Y's PS Ratio?
PS Ratio0.4x
SalesUS$4.44b
Market CapUS$1.81b

Price to Sales Ratio vs Peers

How does 44Y's PS Ratio compare to its peers?

The above table shows the PS ratio for 44Y vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.4x
DEQ Deutsche EuroShop
5.2x-0.2%€1.5b
GYC Grand City Properties
3.5x1.5%€2.1b
ADL Adler Real Estate
2.1xn/a€980.4m
SPB Sedlmayr Grund und Immobilien
6.7xn/a€903.2m
44Y eXp World Holdings
0.4x6.0%€1.8b

Price-To-Sales vs Peers: 44Y is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (4x).

Price to Sales Ratio vs Industry

How does 44Y's PS Ratio compare vs other companies in the DE Real Estate Industry?

11 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.3.7x-11.1%
44Y eXp World Holdings
 0.4x6.0%US$1.81b
DIC Branicks Group
0.7x-21.8%US$194.06m
DMRE DEMIRE Deutsche Mittelstand Real Estate
0.5x-42.0%US$85.70m
44Y 0.4xIndustry Avg. 3.7xNo. of Companies10PS02.85.68.411.214+
11 CompaniesEstimated GrowthMarket Cap
Industry Avg.3.7x97.9%
44Y eXp World Holdings
 0.4x125.7%US$1.81b
No more companies

Price-To-Sales vs Industry: 44Y is good value based on its Price-To-Sales Ratio (0.4x) compared to the German Real Estate industry average (3.5x).

Price to Sales Ratio vs Fair Ratio

What is 44Y's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

44Y PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 44Y's Price-To-Sales 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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