Ying Li International Real Estate Valuation

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

SIB (€0.02) is trading below our estimate of [[fair value]] (€0.05)

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

Below Fair Value: SIB (€0.02) is trading below our estimate of fair value (€0.05)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for SIB. This is calculated by dividing SIB's market cap by their current revenue.
What is SIB's PS Ratio?
PS Ratio	2.3x
Sales	CN¥212.89m
Market Cap	CN¥494.48m

SIB 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	12.4x
Enterprise Value/EBITDA	60.3x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for SIB 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	3.1x
ZYW China Properties Group	3.1x	n/a	€66.9m
CRZK CR Energy	8x	39.0%	€121.8m
NUVA Noratis	0.3x	16.6%	€15.2m
2GI GIEAG Immobilien	0.9x	n/a	€14.0m
SIB Ying Li International Real Estate	2.3x	n/a	€92.1m

Price-To-Sales vs Peers: SIB is good value based on its Price-To-Sales Ratio (2.3x) compared to the peer average (3.1x).

Price to Sales Ratio vs Industry

How does SIB'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$88.43m
ADJ Adler Group	0.1x	n/a	US$50.23m
NUVA Noratis	0.3x	16.6%	US$15.96m
A4Y ACCENTRO Real Estate	0.1x	5.2%	US$11.21m

10 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: SIB is good value based on its Price-To-Sales Ratio (2.3x) compared to the German Real Estate industry average (3.8x).

Price to Sales Ratio vs Fair Ratio

What is SIB'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.

SIB PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	2.3x
Fair PS Ratio	n/a

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