TAG Immobilien Valuation

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

Below Fair Value: TEG (€12.12) is trading above our estimate of fair value (€8.81)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

TEG 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/Revenue4x
Enterprise Value/EBITDA18.7x
PEG Ration/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for TEG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3x
AT1 Aroundtown
1.4x2.9%€2.1b
GYC Grand City Properties
3x0.8%€1.8b
DEQ Deutsche EuroShop
5.6x2.8%€1.4b
ADL Adler Real Estate
2.1xn/a€980.4m
TEG TAG Immobilien
1.6x-32.9%€2.1b

Price-To-Sales vs Peers: TEG is good value based on its Price-To-Sales Ratio (1.6x) compared to the peer average (3.3x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a105.3%
n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a105.3%
n/an/an/a
No more companies

Price-To-Sales vs Industry: TEG is good value based on its Price-To-Sales Ratio (1.6x) compared to the German Real Estate industry average (3.3x).


Price to Sales Ratio vs Fair Ratio

What is TEG'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.

TEG PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.6x
Fair PS Ratio0.7x

Price-To-Sales vs Fair Ratio: TEG is expensive based on its Price-To-Sales Ratio (1.6x) compared to the estimated Fair Price-To-Sales Ratio (0.7x).


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 TEG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€12.21
€12.97
+6.2%
12.3%€15.00€10.50n/a11
Apr ’25€12.68
€12.97
+2.3%
12.3%€15.00€10.50n/a11
Mar ’25€11.52
€12.41
+7.8%
17.2%€15.00€8.00n/a11
Feb ’25€12.54
€12.41
-1.0%
17.2%€15.00€8.00n/a11
Jan ’25€13.20
€10.67
-19.1%
17.3%€14.00€8.00n/a11
Dec ’24€12.96
€10.48
-19.1%
17.9%€14.00€8.00n/a12
Nov ’24€10.50
€10.15
-3.4%
17.2%€14.00€8.00n/a11
Oct ’24€9.93
€9.96
+0.3%
20.5%€14.00€6.00n/a11
Sep ’24€10.40
€9.55
-8.1%
23.1%€14.00€6.00n/a11
Aug ’24€10.11
€9.70
-4.0%
26.0%€15.60€6.00n/a11
Jul ’24€8.66
€9.85
+13.7%
28.3%€15.60€6.00n/a11
Jun ’24€7.55
€9.89
+30.9%
28.4%€15.60€6.00n/a11
May ’24€7.75
€10.09
+30.2%
28.6%€15.60€6.00n/a11
Apr ’24€6.38
€10.09
+58.3%
28.6%€15.60€6.00€12.6811
Mar ’24€7.31
€10.18
+39.3%
27.8%€15.60€6.00€11.5211
Feb ’24€8.14
€10.23
+25.7%
27.6%€15.60€6.00€12.5411
Jan ’24€6.05
€11.75
+94.5%
40.9%€23.00€5.50€13.2011
Dec ’23€5.93
€11.75
+98.4%
40.9%€23.00€5.50€12.9611
Nov ’23€6.53
€13.31
+103.8%
32.7%€23.00€6.00€10.5011
Oct ’23€8.22
€14.13
+72.0%
26.5%€23.00€9.30€9.9311
Sep ’23€8.85
€16.76
+89.5%
33.8%€29.70€9.50€10.4011
Aug ’23€10.37
€18.27
+76.2%
29.9%€29.70€12.00€10.1111
Jul ’23€11.07
€22.78
+105.8%
23.9%€31.10€14.00€8.6611
Jun ’23€16.18
€26.67
+64.8%
11.2%€31.10€22.00€7.5512
May ’23€19.06
€27.01
+41.7%
12.5%€32.50€22.00€7.7512
Apr ’23€20.74
€26.93
+29.8%
12.1%€32.50€22.00€6.3813

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


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