Adler Group Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: Insufficient data to calculate ADJ's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate ADJ's fair value for valuation analysis.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for ADJ. This is calculated by dividing ADJ's market cap by their current revenue.
What is ADJ's PS Ratio?
PS Ratio	0.1x
Sales	€414.15m
Market Cap	€47.87m

ADJ 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	14.7x
Enterprise Value/EBITDA	-50.7x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for ADJ 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	4x
FFM1 Franconofurt	2.1x	n/a	€37.5m
DMRE DEMIRE Deutsche Mittelstand Real Estate	0.5x	-42.0%	€82.3m
RCMN RCM Beteiligungs	6.5x	n/a	€16.9m
ABHA Hasen-Immobilien	6.7x	n/a	€73.4m
ADJ Adler Group	0.1x	n/a	€47.9m

Price-To-Sales vs Peers: ADJ is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (4x).

Price to Sales Ratio vs Industry

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

10 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	3.7x	-10.9%
ADJ Adler Group	0.1x	n/a	US$50.33m
DMRE DEMIRE Deutsche Mittelstand Real Estate	0.5x	-42.0%	US$86.52m
NUVA Noratis	0.3x	16.6%	US$16.17m

10 Companies		Estimated Growth	Market Cap
Industry Avg.	3.7x	97.6%
ADJ Adler Group	0.1x	n/a	US$50.33m

No more companies

Price-To-Sales vs Industry: ADJ is good value based on its Price-To-Sales Ratio (0.1x) compared to the German Real Estate industry average (3.7x).

Price to Sales Ratio vs Fair Ratio

What is ADJ'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.

ADJ PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.1x
Fair PS Ratio	n/a

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