CR Energy Valuation

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

Below Fair Value: CRZK (€5.22) is trading below our estimate of fair value (€27.78)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CRZK. This is calculated by dividing CRZK's market cap by their current earnings.
What is CRZK's PE Ratio?
PE Ratio	9.8x
Earnings	€12.46m
Market Cap	€121.84m

CRZK 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	7.8x
Enterprise Value/EBITDA	9.4x
PEG Ratio	0.2x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CRZK 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	24.2x
INS Instone Real Estate Group	25.5x	37.9%	€360.9m
FC9 FCR Immobilien	13.2x	8.8%	€97.7m
DEF DEFAMA Deutsche Fachmarkt	27.1x	0.2%	€141.1m
STG STINAG Stuttgart Invest	31.1x	n/a	€190.5m
CRZK CR Energy	9.8x	39.8%	€121.8m

Price-To-Earnings vs Peers: CRZK is good value based on its Price-To-Earnings Ratio (9.8x) compared to the peer average (24.2x).

Price to Earnings Ratio vs Industry

How does CRZK's PE Ratio compare vs other companies in the European Real Estate Industry?

29 Companies	Price / Earnings	Estimated Growth	Market Cap

29 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: CRZK is good value based on its Price-To-Earnings Ratio (9.8x) compared to the European Real Estate industry average (18.2x).

Price to Earnings Ratio vs Fair Ratio

What is CRZK'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.

CRZK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	9.8x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CRZK'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 CRZK 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	€5.22	€12.58 +141.1%	6.6%	€13.75	€12.00	n/a	3
Nov ’25	€5.70	€12.58 +120.8%	6.6%	€13.75	€12.00	n/a	3
Oct ’25	n/a	€13.01 0%	7.8%	€14.02	€12.00	n/a	2
Sep ’25	€5.94	€13.01 +119.0%	7.8%	€14.02	€12.00	n/a	2
Aug ’25	€6.62	€13.01 +96.5%	7.8%	€14.02	€12.00	n/a	2
Jul ’25	€6.70	€13.01 +94.2%	7.8%	€14.02	€12.00	n/a	2
May ’25	€6.18	€13.51 +118.8%	11.2%	€15.02	€12.00	n/a	2
Apr ’25	n/a	€13.51 0%	11.2%	€15.02	€12.00	n/a	2
Mar ’25	€6.10	€13.51 +121.5%	11.2%	€15.02	€12.00	n/a	2
Feb ’25	€6.18	€13.51 +118.8%	11.2%	€15.02	€12.00	n/a	2
Jan ’25	€6.78	€13.51 +99.4%	11.2%	€15.02	€12.00	n/a	2
Dec ’24	€6.05	€13.51 +123.3%	11.2%	€15.02	€12.00	n/a	2
Nov ’24	€5.90	€13.51 +129.0%	11.2%	€15.02	€12.00	€5.70	2
Oct ’24	€6.23	€14.01 +125.1%	10.8%	€15.52	€12.50	n/a	2
Sep ’24	€6.15	€14.01 +127.8%	10.8%	€15.52	€12.50	€5.94	2
Aug ’24	€6.95	€14.01 +101.6%	10.8%	€15.52	€12.50	€6.62	2
Jan ’24	n/a	€14.38 0%	7.8%	€15.50	€13.25	€6.78	2
Dec ’23	n/a	€14.38 0%	7.8%	€15.50	€13.25	€6.05	2
Nov ’23	€6.08	€14.49 +138.4%	6.4%	€15.50	€13.25	€5.90	3

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

Discover undervalued companies

Tokyu Fudosan Holdings

JP¥701.0b

Engages in the real estate business in Japan and internationally.

T8F

JP¥6.10

4.3%

8.9%

Murapol

zł1.4b

Engages in the residential real estate development in Poland.

44L

zł7.84

5.0%

n/a

Relo Group

JP¥265.5b

Engages in the provision of property management services in Japan.

665

JP¥10.90

6.9%

16.0%