Grand City Properties S.A.

XTRA:GYC Stock Report

Market Cap: €2.0b

Grand City Properties Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: GYC (€11.46) is trading below our estimate of fair value (€12.3)

Significantly Below Fair Value: GYC is trading below fair value, but not by a significant amount.


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

GYC 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/Revenue9.3x
Enterprise Value/EBITDA17.6x
PEG Ration/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for GYC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.6x
AT1 Aroundtown
1.6x2.9%€2.3b
DEQ Deutsche EuroShop
5.2x0.2%€1.4b
TEG TAG Immobilien
1.8x-41.5%€2.5b
GWK3 GAG Immobilien
2xn/a€888.5m
GYC Grand City Properties
3.3x1.0%€2.0b

Price-To-Sales vs Peers: GYC is expensive based on its Price-To-Sales Ratio (3.3x) compared to the peer average (2.6x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a95.5%
n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a95.5%
n/an/an/a
No more companies

Price-To-Sales vs Industry: GYC is expensive based on its Price-To-Sales Ratio (3.3x) compared to the German Real Estate industry average (2.8x).


Price to Sales Ratio vs Fair Ratio

What is GYC'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.

GYC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.3x
Fair PS Ratio2.6x

Price-To-Sales vs Fair Ratio: GYC is expensive based on its Price-To-Sales Ratio (3.3x) compared to the estimated Fair Price-To-Sales Ratio (2.6x).


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 GYC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€11.46
€11.36
-0.9%
25.3%€19.20€8.20n/a12
May ’25€10.45
€11.19
+7.1%
25.4%€19.20€8.20n/a12
Apr ’25€10.60
€10.85
+2.4%
26.5%€19.20€8.20n/a12
Mar ’25€8.67
€10.72
+23.7%
27.9%€19.20€7.00n/a12
Feb ’25€8.91
€10.72
+20.3%
27.9%€19.20€7.00n/a12
Jan ’25€10.18
€9.97
-2.1%
32.1%€19.20€7.00n/a12
Dec ’24€9.46
€10.00
+5.7%
31.9%€19.20€7.00n/a12
Nov ’24€8.49
€10.09
+18.9%
33.0%€19.20€7.00n/a11
Oct ’24€8.95
€10.06
+12.5%
33.1%€19.20€7.00n/a11
Sep ’24€8.09
€10.70
+32.3%
48.4%€26.20€7.00n/a11
Aug ’24€7.35
€10.58
+44.1%
49.4%€26.20€7.00n/a11
Jul ’24€7.20
€11.45
+59.1%
44.7%€26.20€7.00n/a11
Jun ’24€7.00
€11.49
+64.2%
42.5%€26.20€7.00n/a12
May ’24€7.56
€11.75
+55.5%
42.2%€26.20€7.00€10.4512
Apr ’24€6.54
€12.11
+85.3%
39.6%€26.20€7.00€10.6012
Mar ’24€9.37
€12.81
+36.7%
36.3%€26.20€8.00€8.6712
Feb ’24€9.81
€12.81
+30.6%
36.3%€26.20€8.00€8.9112
Jan ’24€9.19
€14.72
+60.2%
34.3%€26.20€9.10€10.1812
Dec ’23€9.35
€16.17
+72.9%
29.2%€26.20€9.10€9.4612
Nov ’23€10.11
€16.47
+62.9%
28.0%€26.20€10.90€8.4912
Oct ’23€10.18
€17.69
+73.8%
25.8%€26.20€11.20€8.9512
Sep ’23€11.53
€19.09
+65.6%
20.6%€26.20€13.00€8.0912
Aug ’23€13.25
€20.47
+54.5%
28.3%€34.70€13.00€7.3512
Jul ’23€13.01
€21.69
+66.7%
22.7%€34.70€16.70€7.2012
Jun ’23€16.44
€23.26
+41.5%
18.3%€34.70€17.30€7.0013
May ’23€16.80
€24.05
+43.1%
16.1%€34.70€20.60€7.5613

Analyst Forecast: Target price is lower than the current share price.


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