Anywhere Real Estate Inc.

DB:04M Stock Report

Market Cap: €465.8m

Anywhere Real Estate Valuation

Is 04M undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 04M when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 04M (€4.02) is trading below our estimate of fair value (€44.5)

Significantly Below Fair Value: 04M is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 04M?

Key metric: As 04M is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 04M. This is calculated by dividing 04M's market cap by their current revenue.
What is 04M's PS Ratio?
PS Ratio0.09x
SalesUS$5.58b
Market CapUS$485.10m

Price to Sales Ratio vs Peers

How does 04M's PS Ratio compare to its peers?

The above table shows the PS ratio for 04M vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.4x
DGR Deutsche Grundstücksauktionen
5.2xn/a€14.2m
INS Instone Real Estate Group
0.8x17.3%€365.6m
A4Y ACCENTRO Real Estate
0.1x5.2%€8.6m
VIH1 VIB Vermögen
3.5x2.8%€338.5m
04M Anywhere Real Estate
0.09x6.9%€485.1m

Price-To-Sales vs Peers: 04M is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (2.4x).

Price to Sales Ratio vs Industry

How does 04M's PS Ratio compare vs other companies in the DE Real Estate Industry?

11 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.3.7x-11.0%
04M Anywhere Real Estate
 0.09x6.9%US$485.10m
DIC Branicks Group
0.7x-21.8%US$193.71m
DMRE DEMIRE Deutsche Mittelstand Real Estate
0.5x-42.0%US$85.55m
04M 0.1xIndustry Avg. 3.7xNo. of Companies10PS02.85.68.411.214+
11 CompaniesEstimated GrowthMarket Cap
Industry Avg.3.7x97.9%
04M Anywhere Real Estate
 0.09x122.4%US$485.10m
No more companies

Price-To-Sales vs Industry: 04M is good value based on its Price-To-Sales Ratio (0.1x) compared to the German Real Estate industry average (3.6x).

Price to Sales Ratio vs Fair Ratio

What is 04M'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.

04M PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.09x
Fair PS Ratio1x

Price-To-Sales vs Fair Ratio: 04M is good value based on its Price-To-Sales Ratio (0.1x) compared to the estimated Fair Price-To-Sales Ratio (1x).

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 04M forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€4.02
€4.01
-0.2%
14.4%€4.63€3.24n/a3
Nov ’25€3.48
€4.17
+19.8%
15.7%€4.63€3.24n/a3
Oct ’25€4.50
€4.17
-7.3%
15.7%€4.63€3.24n/a3
Sep ’25€4.44
€4.17
-6.1%
15.7%€4.63€3.24n/a3
Aug ’25€4.22
€4.17
-1.2%
15.7%€4.63€3.24n/a3
Jul ’25€3.04
€5.49
+80.7%
15.2%€6.54€4.21n/a4
Jun ’25€3.74
€5.49
+46.8%
15.2%€6.54€4.21n/a4
May ’25€4.52
€5.49
+21.5%
15.2%€6.54€4.21n/a4
Apr ’25€5.50
€6.24
+13.5%
19.2%€7.40€4.63n/a4
Mar ’25€5.70
€6.24
+9.5%
19.2%€7.40€4.63n/a4
Feb ’25€6.50
€5.43
-16.4%
21.2%€7.25€4.08n/a4
Jan ’25€7.45
€5.43
-27.0%
21.2%€7.25€4.08n/a4
Dec ’24€4.86
€5.44
+11.9%
15.7%€6.62€4.26n/a4
Nov ’24€4.50
€5.44
+20.9%
15.7%€6.62€4.26€3.484
Oct ’24€6.35
€5.99
-5.7%
14.9%€6.62€4.73€4.503
Sep ’24€6.20
€6.42
+3.6%
22.4%€8.56€4.51€4.444
Aug ’24€7.55
€6.42
-14.9%
22.4%€8.56€4.51€4.224
Jul ’24€6.10
€5.27
-13.6%
15.7%€6.41€4.12€3.044
Jun ’24€5.60
€6.08
+8.6%
30.8%€9.53€4.09€3.745
May ’24€5.60
€7.26
+29.6%
19.2%€9.68€6.45€4.524
Apr ’24€4.58
€7.26
+58.5%
19.2%€9.68€6.45€5.504
Mar ’24€5.30
€8.01
+51.2%
21.7%€10.37€6.60€5.705
Feb ’24€7.70
€10.01
+30.0%
21.7%€11.96€6.44€6.504
Jan ’24€5.90
€9.81
+66.3%
19.7%€12.25€6.59€7.456
Dec ’23€7.45
€11.56
+55.1%
28.2%€17.21€7.09€4.866
Nov ’23€7.30
€11.56
+58.3%
28.2%€17.21€7.09€4.506

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

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