Hasen-Immobilien Valuation

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

Below Fair Value: ABHA (€153) is trading below our estimate of fair value (€185.63)

Significantly Below Fair Value: ABHA is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for ABHA. This is calculated by dividing ABHA's market cap by their current revenue.
What is ABHA's PS Ratio?
PS Ratio	6.7x
Sales	€10.97m
Market Cap	€73.44m

ABHA 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	10.1x
Enterprise Value/EBITDA	13.7x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does ABHA's PS Ratio compare to its peers?

The above table shows the PS ratio for ABHA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	6.1x
DMRE DEMIRE Deutsche Mittelstand Real Estate	0.5x	-42.0%	€85.5m
DEF DEFAMA Deutsche Fachmarkt	5.4x	10.0%	€137.3m
DRE2 Deutsche Real Estate	4.5x	n/a	€156.4m
AGR AGROB Immobilien	14.1x	n/a	€173.0m
ABHA Hasen-Immobilien	6.7x	n/a	€73.4m

Price-To-Sales vs Peers: ABHA is expensive based on its Price-To-Sales Ratio (6.7x) compared to the peer average (6.1x).

Price to Sales Ratio vs Industry

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

10 Companies	Price / Sales	Estimated Growth	Market Cap
DMRE DEMIRE Deutsche Mittelstand Real Estate	0.5x	-42.0%	US$89.97m
ADJ Adler Group	0.1x	n/a	US$50.47m
NUVA Noratis	0.3x	16.6%	US$16.46m
AMMN Grounds Real Estate Development	0.6x	n/a	US$10.03m

10 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: ABHA is expensive based on its Price-To-Sales Ratio (6.7x) compared to the German Real Estate industry average (3.7x).

Price to Sales Ratio vs Fair Ratio

What is ABHA'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.

ABHA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	6.7x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate ABHA'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.

Discover undervalued companies

Tokyu Fudosan Holdings

JP¥679.1b

Engages in the real estate business in Japan and internationally.

T8F

JP¥5.80

-0.9%

Murapol

zł1.3b

Engages in the residential real estate development in Poland.

44L

zł7.50

-0.7%

n/a

CTP

€6.8b

Develops, owns, operates, and leases commercial real estate properties in Central, Western, and Eastern Europe.

3YZ

€14.20

-2.9%

-3.0%