Murapol S.A.

DB:44L Stock Report

Market Cap: €315.4m

Murapol Valuation

Is 44L undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • 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 44L when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 44L (€7.68) is trading below our estimate of fair value (€9.65)

Significantly Below Fair Value: 44L is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 44L?

Key metric: As 44L is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 44L. This is calculated by dividing 44L's market cap by their current earnings.
What is 44L's PE Ratio?
PE Ratio7.8x
Earningszł175.08m
Market Capzł1.36b

Price to Earnings Ratio vs Peers

How does 44L's PE Ratio compare to its peers?

The above table shows the PE ratio for 44L vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.2x
INS Instone Real Estate Group
25.8x43.0%€364.3m
CRZK CR Energy
10x39.8%€124.2m
KBU TAG Colonia-Immobilien
10.5xn/a€310.7m
DWB Dinkelacker
30.7xn/a€299.9m
44L Murapol
7.8x27.1%€1.4b

Price-To-Earnings vs Peers: 44L is good value based on its Price-To-Earnings Ratio (7.8x) compared to the peer average (19.2x).

Price to Earnings Ratio vs Industry

How does 44L's PE Ratio compare vs other companies in the European Real Estate Industry?

29 CompaniesPrice / EarningsEstimated GrowthMarket Cap
44L 7.8xIndustry Avg. 18.1xNo. of Companies37PE01632486480+
29 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 44L is good value based on its Price-To-Earnings Ratio (7.8x) compared to the European Real Estate industry average (17.9x).

Price to Earnings Ratio vs Fair Ratio

What is 44L'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.

44L PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.8x
Fair PE Ratio16.5x

Price-To-Earnings vs Fair Ratio: 44L is good value based on its Price-To-Earnings Ratio (7.8x) compared to the estimated Fair Price-To-Earnings Ratio (16.5x).

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 44L forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€7.68
€11.48
+49.6%
4.3%€12.16€11.03n/a3
Nov ’25€8.51
€11.51
+35.3%
4.3%€12.20€11.05n/a3
Oct ’25€8.39
€11.84
+41.2%
3.4%€12.40€11.46n/a3
Sep ’25€7.66
€11.83
+54.5%
3.4%€12.39€11.46n/a3
Aug ’25€8.28
€11.83
+43.0%
3.4%€12.39€11.46n/a3
Jul ’25€9.00
€11.83
+31.4%
3.4%€12.39€11.45n/a3
Jun ’25€8.71
€11.83
+35.8%
3.4%€12.39€11.45n/a3
May ’25€9.66
€11.74
+21.5%
3.4%€12.30€11.37n/a3
Apr ’25€9.99
€11.56
+15.8%
3.4%€12.11€11.19n/a3
Mar ’25€9.09
€11.56
+27.2%
3.4%€12.11€11.19n/a3
Feb ’25€8.83
€11.56
+31.0%
3.4%€12.11€11.19n/a3

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

Discover undervalued companies

Tokyu Fudosan Holdings

JP¥689.9b

Engages in the real estate business in Japan and internationally.

T8F

JP¥5.85

7D

-0.8%

1Y

1.7%

CTP

€7.0b

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

3YZ

€14.52

7D

1.4%

1Y

-1.6%

Pakuwon Jati

Rp20.8t

Operates as a real estate developer in Indonesia.

P04

Rp0.029

7D

21.3%

1Y

26.7%