S IMMO AG

XTRA:T1L Stock Report

Market Cap: €1.6b

S IMMO Valuation

Is T1L 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 T1L when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: T1L (€22.3) is trading below our estimate of fair value (€28.48)

Significantly Below Fair Value: T1L is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for T1L?

Key metric: As T1L is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for T1L. This is calculated by dividing T1L's market cap by their current revenue.
What is T1L's PS Ratio?
PS Ratio4x
Sales€386.38m
Market Cap€1.55b

Price to Sales Ratio vs Peers

How does T1L's PS Ratio compare to its peers?

The above table shows the PS ratio for T1L vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.2x
DEQ Deutsche EuroShop
5.4x1.1%€1.5b
TEG TAG Immobilien
1.9x-36.9%€2.7b
ADL Adler Real Estate
2.1xn/a€980.4m
GYC Grand City Properties
3.5x1.5%€2.1b
T1L S IMMO
4x0.4%€1.6b

Price-To-Sales vs Peers: T1L is expensive based on its Price-To-Sales Ratio (4x) compared to the peer average (3.6x).

Price to Sales Ratio vs Industry

How does T1L's PS Ratio compare vs other companies in the DE Real Estate Industry?

10 CompaniesPrice / SalesEstimated GrowthMarket Cap
DIC Branicks Group
0.7x-21.8%US$193.71m
DMRE DEMIRE Deutsche Mittelstand Real Estate
0.5x-42.0%US$85.55m
ADJ Adler Group
0.1xn/aUS$48.74m
NUVA Noratis
0.3x16.6%US$16.01m
T1L 4.0xIndustry Avg. 3.7xNo. of Companies10PS02.85.68.411.214+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: T1L is expensive based on its Price-To-Sales Ratio (4x) compared to the German Real Estate industry average (3.6x).

Price to Sales Ratio vs Fair Ratio

What is T1L'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.

T1L PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4x
Fair PS Ratio2.3x

Price-To-Sales vs Fair Ratio: T1L is expensive based on its Price-To-Sales Ratio (4x) compared to the estimated Fair Price-To-Sales Ratio (2.3x).

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 T1L forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€22.30
€24.50
+9.9%
2.0%€25.00€24.00n/a2
Nov ’25€22.30
€24.50
+9.9%
2.0%€25.00€24.00n/a2
Oct ’25€22.30
€24.50
+9.9%
2.0%€25.00€24.00n/a2
Sep ’25€22.80
€24.50
+7.5%
2.0%€25.00€24.00n/a2
Aug ’25€22.40
€20.50
-8.5%
17.1%€24.00€17.00n/a2
Jul ’25€22.20
€20.50
-7.7%
17.1%€24.00€17.00n/a2
Jun ’25€21.80
€20.50
-6.0%
17.1%€24.00€17.00n/a2
May ’25€17.25
€18.50
+7.2%
8.1%€20.00€17.00n/a2
Apr ’25€17.62
€18.50
+5.0%
8.1%€20.00€17.00n/a2
Mar ’25€15.26
€17.50
+14.7%
2.9%€18.00€17.00n/a2
Feb ’25€14.82
€17.50
+18.1%
2.9%€18.00€17.00n/a2
Jan ’25€12.64
€17.50
+38.4%
2.9%€18.00€17.00n/a2
Dec ’24€12.76
€17.50
+37.1%
2.9%€18.00€17.00n/a2
Nov ’24€12.80
€17.50
+36.7%
2.9%€18.00€17.00€22.302
Oct ’24€11.78
€17.50
+48.6%
2.9%€18.00€17.00€22.302
Sep ’24€12.12
€16.25
+34.1%
10.8%€18.00€14.50€22.802
Aug ’24€12.36
€16.25
+31.5%
10.8%€18.00€14.50€22.402
Jul ’24€12.36
€15.63
+26.5%
10.7%€18.00€14.40€22.203
Jun ’24€11.54
€15.73
+36.3%
9.3%€18.00€14.40€21.804
May ’24€12.76
€15.73
+23.2%
9.3%€18.00€14.40€17.254
Apr ’24€13.22
€15.73
+18.9%
9.3%€18.00€14.40€17.624
Mar ’24€15.28
€15.73
+2.9%
9.3%€18.00€14.40€15.264
Feb ’24€13.26
€15.73
+18.6%
9.3%€18.00€14.40€14.824
Jan ’24€12.18
€16.94
+39.1%
16.3%€21.80€14.40€12.645
Dec ’23€13.74
€18.36
+33.6%
16.1%€21.80€14.40€12.765
Nov ’23€22.70
€20.86
-8.1%
15.9%€23.50€14.40€12.805

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

Discover undervalued companies

Tokyu Fudosan Holdings

JP¥688.6b

Engages in the real estate business in Japan and internationally.

T8F

JP¥5.90

7D

2.6%

1Y

1.7%

Sino Land

HK$67.0b

An investment holding company, invests in, develops, manages, and trades in properties.

SNO

HK$0.94

7D

-0.5%

1Y

0.5%

Relo Group

JP¥259.6b

Engages in the provision of property management services in Japan.

665

JP¥10.50

7D

2.9%

1Y

13.5%