Frasers Property Valuation

Is 1IQ 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-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 1IQ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1IQ (€0.63) is trading below our estimate of fair value (€1.52)

Significantly Below Fair Value: 1IQ is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1IQ?

Key metric: As 1IQ is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1IQ. This is calculated by dividing 1IQ's market cap by their current earnings.
What is 1IQ's PE Ratio?
PE Ratio17.5x
EarningsS$206.33m
Market CapS$3.61b

Price to Earnings Ratio vs Peers

How does 1IQ's PE Ratio compare to its peers?

The above table shows the PE ratio for 1IQ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.6x
INS Instone Real Estate Group
25.8x43.0%€364.3m
CRZK CR Energy
10x39.8%€124.2m
SPB Sedlmayr Grund und Immobilien
65.6xn/a€925.2m
GWK3 GAG Immobilien
24.9xn/a€832.4m
1IQ Frasers Property
17.5x5.7%€3.6b

Price-To-Earnings vs Peers: 1IQ is good value based on its Price-To-Earnings Ratio (17.5x) compared to the peer average (31.6x).


Price to Earnings Ratio vs Industry

How does 1IQ's PE Ratio compare vs other companies in the European Real Estate Industry?

30 CompaniesPrice / EarningsEstimated GrowthMarket Cap
1IQ 17.5xIndustry Avg. 18.1xNo. of Companies37PE01632486480+
30 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1IQ is good value based on its Price-To-Earnings Ratio (17.5x) compared to the European Real Estate industry average (17.9x).


Price to Earnings Ratio vs Fair Ratio

What is 1IQ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1IQ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.5x
Fair PE Ratio16.2x

Price-To-Earnings vs Fair Ratio: 1IQ is expensive based on its Price-To-Earnings Ratio (17.5x) compared to the estimated Fair Price-To-Earnings Ratio (16.2x).


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 1IQ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.63
€0.86
+36.1%
12.1%€0.99€0.74n/a3
Nov ’25€0.60
€0.85
+41.8%
12.1%€0.98€0.73n/a3
Oct ’25€0.59
€0.85
+42.9%
12.1%€0.98€0.73n/a3
Sep ’25€0.55
€0.83
+51.6%
12.1%€0.96€0.72n/a3
Aug ’25€0.55
€0.83
+53.0%
12.1%€0.96€0.72n/a3
Jul ’25€0.53
€0.84
+59.2%
12.1%€0.97€0.72n/a3
Jun ’25€0.54
€0.84
+56.2%
12.1%€0.97€0.72n/a3
May ’25€0.54
€0.84
+56.4%
12.1%€0.97€0.72n/a3
Apr ’25€0.56
€0.84
+48.1%
12.1%€0.97€0.72n/a3
Mar ’25€0.56
€0.84
+51.9%
12.1%€0.97€0.73n/a3
Feb ’25€0.58
€0.83
+43.7%
12.1%€0.96€0.72n/a3
Jan ’25€0.59
€0.83
+41.2%
12.1%€0.96€0.72n/a3
Dec ’24€0.56
€0.83
+48.8%
12.1%€0.96€0.72n/a3
Nov ’24€0.51
€0.89
+73.6%
6.7%€0.97€0.83€0.603
Oct ’24€0.57
€0.89
+55.3%
6.7%€0.97€0.83€0.593
Sep ’24€0.52
€0.83
+61.8%
11.9%€0.95€0.71€0.553
Aug ’24€0.56
€0.83
+47.5%
11.9%€0.95€0.71€0.553
Jul ’24€0.57
€0.85
+49.1%
11.9%€0.97€0.72€0.533
Jun ’24€0.58
€0.85
+46.6%
11.9%€0.97€0.72€0.543
May ’24€0.58
€0.86
+47.4%
11.9%€0.98€0.73€0.543
Apr ’24€0.59
€0.86
+46.2%
11.9%€0.98€0.73€0.563
Mar ’24€0.62
€0.87
+40.6%
10.3%€0.99€0.74€0.564
Feb ’24€0.64
€0.83
+30.4%
8.1%€0.88€0.73€0.583
Jan ’24€0.65
€0.83
+28.9%
8.1%€0.88€0.74€0.593
Dec ’23€0.66
€0.83
+26.0%
8.1%€0.88€0.74€0.563
Nov ’23€0.61
€0.91
+47.4%
6.6%€1.00€0.84€0.514

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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