LEG Immobilien SE

XTRA:LEG Stock Report

Market Cap: €6.2b

LEG Immobilien Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: LEG (€83.26) is trading above our estimate of fair value (€57.96)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for LEG. This is calculated by dividing LEG's market cap by their current revenue.
What is LEG's PS Ratio?
PS Ratio4.4x
Sales€1.41b
Market Cap€6.20b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for LEG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.8x
O5G CPI Property Group
4xn/a€6.8b
AT1 Aroundtown
2.1x2.8%€2.9b
GYC Grand City Properties
3.3x1.5%€2.0b
TEG TAG Immobilien
1.9x-36.9%€2.6b
LEG LEG Immobilien
4.4x-14.2%€6.2b

Price-To-Sales vs Peers: LEG is expensive based on its Price-To-Sales Ratio (4.4x) compared to the peer average (2.8x).

Price to Sales Ratio vs Industry

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

10 CompaniesPrice / SalesEstimated GrowthMarket Cap
DMRE DEMIRE Deutsche Mittelstand Real Estate
0.5x-42.0%US$89.97m
ADJ Adler Group
0.1xn/aUS$50.47m
NUVA Noratis
0.3x16.6%US$16.46m
AMMN Grounds Real Estate Development
0.6xn/aUS$10.03m
LEG 4.4xIndustry Avg. 3.6xNo. of Companies10PS02.85.68.411.214+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: LEG is expensive based on its Price-To-Sales Ratio (4.4x) compared to the German Real Estate industry average (3.6x).

Price to Sales Ratio vs Fair Ratio

What is LEG'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.

LEG PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.4x
Fair PS Ratio2x

Price-To-Sales vs Fair Ratio: LEG is expensive based on its Price-To-Sales Ratio (4.4x) compared to the estimated Fair Price-To-Sales Ratio (2x).

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 LEG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€83.26
€96.98
+16.5%
14.1%€135.30€80.00n/a17
Nov ’25€87.32
€96.78
+10.8%
13.9%€135.30€80.00n/a17
Oct ’25€96.10
€94.48
-1.7%
13.7%€135.30€80.00n/a17
Sep ’25€87.06
€91.07
+4.6%
14.6%€135.30€78.00n/a15
Aug ’25€83.24
€89.82
+7.9%
14.0%€134.70€77.90n/a17
Jul ’25€76.10
€89.18
+17.2%
14.3%€134.70€73.00n/a17
Jun ’25€81.24
€88.11
+8.5%
15.2%€134.70€73.00n/a17
May ’25€79.92
€87.09
+9.0%
15.7%€134.70€70.30n/a17
Apr ’25€79.58
€86.44
+8.6%
15.9%€134.70€70.30n/a17
Mar ’25€70.20
€83.85
+19.4%
19.3%€134.70€55.00n/a17
Feb ’25€76.04
€83.85
+10.3%
19.3%€134.70€55.00n/a17
Jan ’25€79.32
€79.89
+0.7%
20.9%€134.70€53.70n/a17
Dec ’24€72.92
€77.23
+5.9%
23.7%€134.70€50.50n/a17
Nov ’24€60.54
€76.76
+26.8%
24.3%€134.70€51.00€87.3216
Oct ’24€65.34
€75.85
+16.1%
24.8%€134.70€51.00€96.1016
Sep ’24€66.46
€75.91
+14.2%
25.1%€134.70€51.00€87.0616
Aug ’24€63.12
€78.32
+24.1%
32.5%€162.30€51.00€83.2416
Jul ’24€52.64
€79.34
+50.7%
31.0%€162.30€54.80€76.1016
Jun ’24€47.98
€79.66
+66.0%
30.9%€162.30€55.00€81.2416
May ’24€56.38
€82.70
+46.7%
29.1%€162.30€55.00€79.9216
Apr ’24€50.48
€83.46
+65.3%
28.7%€162.30€55.00€79.5816
Mar ’24€66.94
€86.25
+28.9%
25.2%€162.30€62.00€70.2017
Feb ’24€71.58
€86.25
+20.5%
25.2%€162.30€62.00€76.0417
Jan ’24€60.86
€87.52
+43.8%
26.9%€162.30€57.00€79.3217
Dec ’23€61.06
€92.74
+51.9%
26.1%€162.30€57.00€72.9217
Nov ’23€68.50
€97.44
+42.2%
22.4%€162.30€70.00€60.5417

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

Tokyu Fudosan Holdings

JP¥679.1b

Engages in the real estate business in Japan and internationally.

T8F

JP¥5.80

7D

0%

1Y

-0.9%

Murapol

zł1.3b

Engages in the residential real estate development in Poland.

44L

zł7.50

7D

-0.7%

1Y

n/a

CTP

€6.8b

Develops, owns, operates, and leases commercial real estate properties in Central, Western, and Eastern Europe.

3YZ

€14.20

7D

-2.9%

1Y

-3.0%