Dream Unlimited Corp.

DB:50DA Stock Report

Market Cap: €732.3m

Dream Unlimited Valuation

Is 50DA 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 50DA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 50DA (€17.1) is trading above our estimate of fair value (€2.8)

Significantly Below Fair Value: 50DA is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 50DA?

Key metric: As 50DA is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 50DA. This is calculated by dividing 50DA's market cap by their current revenue.
What is 50DA's PS Ratio?
PS Ratio2x
SalesCA$540.11m
Market CapCA$1.07b

Price to Sales Ratio vs Peers

How does 50DA's PS Ratio compare to its peers?

The above table shows the PS ratio for 50DA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.4x
INS Instone Real Estate Group
0.8x17.3%€365.6m
CRZK CR Energy
8x39.0%€121.8m
ZYW China Properties Group
3.1xn/a€66.9m
GWK3 GAG Immobilien
1.8xn/a€848.5m
50DA Dream Unlimited
2x-18.1%€1.1b

Price-To-Sales vs Peers: 50DA is good value based on its Price-To-Sales Ratio (2x) compared to the peer average (3.6x).

Price to Sales Ratio vs Industry

How does 50DA's PS Ratio compare vs other companies in the DE Real Estate Industry?

10 CompaniesPrice / SalesEstimated GrowthMarket Cap
DMRE DEMIRE Deutsche Mittelstand Real Estate
0.5x-42.0%US$86.23m
ADJ Adler Group
0.1xn/aUS$50.23m
NUVA Noratis
0.3x16.6%US$15.84m
AMMN Grounds Real Estate Development
0.6xn/aUS$9.98m
50DA 2.0xIndustry Avg. 3.7xNo. of Companies10PS02.85.68.411.214+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 50DA is good value based on its Price-To-Sales Ratio (2x) compared to the German Real Estate industry average (3.7x).

Price to Sales Ratio vs Fair Ratio

What is 50DA'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.

50DA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2x
Fair PS Ratio0.8x

Price-To-Sales vs Fair Ratio: 50DA is expensive based on its Price-To-Sales Ratio (2x) compared to the estimated Fair Price-To-Sales Ratio (0.8x).

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 50DA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€17.10
€25.35
+48.2%
6.7%€27.04€23.66n/a2
Nov ’25€18.40
€25.04
+36.1%
6.7%€26.71€23.37n/a2
Oct ’25€21.80
€25.04
+14.9%
6.7%€26.71€23.37n/a2
Sep ’25€17.10
€24.15
+41.2%
9.6%€26.46€21.83n/a2
Aug ’25€13.90
€23.49
+69.0%
14.3%€26.84€20.13n/a2
Jul ’25€13.00
€23.65
+81.9%
14.3%€27.03€20.27n/a2
Jun ’25€12.60
€23.65
+87.7%
14.3%€27.03€20.27n/a2
May ’25€11.90
€23.82
+100.1%
14.3%€27.22€20.41n/a2
Apr ’25€13.00
€22.73
+74.8%
19.4%€27.14€18.32n/a2
Mar ’25€13.60
€22.96
+68.8%
19.4%€27.41€18.50n/a2
Feb ’25€15.90
€23.06
+45.1%
19.4%€27.54€18.59n/a2
Jan ’25€15.30
€22.91
+49.8%
19.4%€27.36€18.47n/a2
Dec ’24€13.30
€21.90
+64.7%
23.1%€26.96€16.85n/a2
Nov ’24€11.40
€22.15
+94.3%
23.1%€27.26€17.03€18.402
Oct ’24€13.10
€24.77
+89.1%
23.3%€30.54€19.00€21.802
Sep ’24€14.10
€24.77
+75.7%
23.3%€30.54€19.00€17.102
Aug ’24€13.70
€26.97
+96.9%
25.0%€33.71€20.23€13.902
Jul ’24€13.80
€29.23
+111.8%
17.6%€34.39€24.07€13.002
Jun ’24€14.10
€29.23
+107.3%
17.6%€34.39€24.07€12.602
May ’24€14.80
€31.10
+110.2%
7.5%€33.44€28.76€11.902
Apr ’24€15.50
€31.75
+104.8%
7.5%€34.14€29.36€13.002
Mar ’24€18.40
€32.35
+75.8%
7.5%€34.79€29.92€13.602
Nov ’23€18.10
€32.18
+77.8%
13.6%€36.57€27.79€11.402

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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