DEFAMA Deutsche Fachmarkt Valuation

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

DEF (€28.8) is trading below our estimate of [[fair value]] (€36.12)

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

Below Fair Value: DEF (€28.8) is trading below our estimate of fair value (€36.12)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for DEF. This is calculated by dividing DEF's market cap by their current earnings.
What is DEF's PE Ratio?
PE Ratio	26.1x
Earnings	€5.29m
Market Cap	€138.24m

DEF 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	11.8x
Enterprise Value/EBITDA	19.3x
PEG Ratio	-47.1x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for DEF 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	16x
STG STINAG Stuttgart Invest	30.3x	n/a	€187.6m
DWB Dinkelacker	29.3x	n/a	€299.9m
GTY Gateway Real Estate	0.7x	n/a	€113.9m
VIH1 VIB Vermögen	3.8x	-19.3%	€331.2m
DEF DEFAMA Deutsche Fachmarkt	26.1x	-0.6%	€138.2m

Price-To-Earnings vs Peers: DEF is expensive based on its Price-To-Earnings Ratio (26.1x) compared to the peer average (16x).

Price to Earnings Ratio vs Industry

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

24 Companies	Price / Earnings	Estimated Growth	Market Cap

24 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: DEF is expensive based on its Price-To-Earnings Ratio (26.1x) compared to the European Real Estate industry average (18x).

Price to Earnings Ratio vs Fair Ratio

What is DEF'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.

DEF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	26.1x
Fair PE Ratio	10.4x

Price-To-Earnings vs Fair Ratio: DEF is expensive based on its Price-To-Earnings Ratio (26.1x) compared to the estimated Fair Price-To-Earnings Ratio (10.4x).

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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