FCR Immobilien Valuation

Is FC9 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 FC9 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FC9 (€10.7) is trading above our estimate of fair value (€2.81)

Significantly Below Fair Value: FC9 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for FC9?

Key metric: As FC9 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FC9. This is calculated by dividing FC9's market cap by their current earnings.
What is FC9's PE Ratio?
PE Ratio14.3x
Earnings€7.39m
Market Cap€104.63m

Price to Earnings Ratio vs Peers

How does FC9's PE Ratio compare to its peers?

The above table shows the PE ratio for FC9 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.2x
DEF DEFAMA Deutsche Fachmarkt
26.1x0.2%€136.3m
STG STINAG Stuttgart Invest
32.1xn/a€193.5m
CRZK CR Energy
9x39.8%€112.4m
DWB Dinkelacker
29.6xn/a€302.8m
FC9 FCR Immobilien
14.3x8.8%€105.6m

Price-To-Earnings vs Peers: FC9 is good value based on its Price-To-Earnings Ratio (14.3x) compared to the peer average (24.2x).


Price to Earnings Ratio vs Industry

How does FC9's PE Ratio compare vs other companies in the DE Real Estate Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GTY Gateway Real Estate
0.6xn/aUS$141.55m
ADJ Adler Group
0.05xn/aUS$51.44m
AAA A.A.A. Allgemeine Anlageverwaltung
2.6xn/aUS$47.44m
N9H Global Connectivity
0.2xn/aUS$1.90m
No more companies available in this PE range
FC9 14.3xIndustry Avg. 17.3xNo. of Companies4PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FC9 is good value based on its Price-To-Earnings Ratio (14.3x) compared to the European Real Estate industry average (17.3x).


Price to Earnings Ratio vs Fair Ratio

What is FC9'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.

FC9 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.3x
Fair PE Ratio10.3x

Price-To-Earnings vs Fair Ratio: FC9 is expensive based on its Price-To-Earnings Ratio (14.3x) compared to the estimated Fair Price-To-Earnings Ratio (10.3x).


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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