InCity Immobilien Valuation

Is IC8 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 IC8 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate IC8's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate IC8's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IC8?

Key metric: As IC8 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for IC8. This is calculated by dividing IC8's market cap by their current revenue.
What is IC8's PS Ratio?
PS Ratio	1.6x
Sales	€36.54m
Market Cap	€59.74m

IC8 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	3.4x
Enterprise Value/EBITDA	-125.1x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does IC8's PS Ratio compare to its peers?

The above table shows the PS ratio for IC8 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	3.5x
GTY Gateway Real Estate	1.9x	n/a	€112.1m
ABHA Hasen-Immobilien	6.7x	n/a	€73.4m
DEF DEFAMA Deutsche Fachmarkt	5x	8.0%	€141.1m
DMRE DEMIRE Deutsche Mittelstand Real Estate	0.5x	-42.0%	€83.9m
IC8 InCity Immobilien	1.6x	n/a	€59.7m

Price-To-Sales vs Peers: IC8 is good value based on its Price-To-Sales Ratio (1.6x) compared to the peer average (3.5x).

Price to Sales Ratio vs Industry

How does IC8's PS Ratio compare vs other companies in the DE Real Estate Industry?

9 Companies	Price / Sales	Estimated Growth	Market Cap
DMRE DEMIRE Deutsche Mittelstand Real Estate	0.5x	-42.0%	US$88.62m
ADJ Adler Group	0.1x	n/a	US$56.82m
NUVA Noratis	0.3x	16.6%	US$15.79m
A4Y ACCENTRO Real Estate	0.1x	5.2%	US$10.91m

9 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: IC8 is good value based on its Price-To-Sales Ratio (1.6x) compared to the German Real Estate industry average (3.8x).

Price to Sales Ratio vs Fair Ratio

What is IC8'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.

IC8 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.6x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate IC8'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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