Relo Group, Inc.

DB:665 Stock Report

Market Cap: €1.6b

Relo Group Valuation

Is 665 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-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 665 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 665 (€10.5) is trading below our estimate of fair value (€14.38)

Significantly Below Fair Value: 665 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 665?

Key metric: As 665 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 665. This is calculated by dividing 665's market cap by their current revenue.
What is 665's PS Ratio?
PS Ratio1.9x
SalesJP¥139.46b
Market CapJP¥259.56b

Price to Sales Ratio vs Peers

How does 665's PS Ratio compare to its peers?

The above table shows the PS ratio for 665 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.4x
DEQ Deutsche EuroShop
5.4x1.1%€1.5b
GYC Grand City Properties
3.5x1.5%€2.1b
AT1 Aroundtown
2.2x2.8%€3.1b
SPB Sedlmayr Grund und Immobilien
6.7xn/a€903.2m
665 Relo Group
1.9x6.1%€259.6b

Price-To-Sales vs Peers: 665 is good value based on its Price-To-Sales Ratio (1.9x) compared to the peer average (4.4x).

Price to Sales Ratio vs Industry

How does 665's PS Ratio compare vs other companies in the DE Real Estate Industry?

10 CompaniesPrice / SalesEstimated GrowthMarket Cap
DIC Branicks Group
0.7x-21.8%US$193.71m
DMRE DEMIRE Deutsche Mittelstand Real Estate
0.5x-42.0%US$85.55m
ADJ Adler Group
0.1xn/aUS$48.74m
NUVA Noratis
0.3x16.6%US$16.01m
665 1.9xIndustry Avg. 3.7xNo. of Companies10PS02.85.68.411.214+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 665 is good value based on its Price-To-Sales Ratio (1.9x) compared to the German Real Estate industry average (3.6x).

Price to Sales Ratio vs Fair Ratio

What is 665'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.

665 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.9x
Fair PS Ratio2x

Price-To-Sales vs Fair Ratio: 665 is good value based on its Price-To-Sales Ratio (1.9x) compared to the estimated Fair Price-To-Sales Ratio (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 665 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€10.50
€13.54
+29.0%
8.8%€15.15€12.12n/a4
Nov ’25€10.80
€14.04
+30.0%
8.8%€15.70€12.56n/a4
Oct ’25€11.80
€14.04
+19.0%
8.8%€15.70€12.56n/a4
Sep ’25€11.60
€13.96
+20.3%
8.8%€15.61€12.49n/a4
Aug ’25€10.20
€12.99
+27.3%
8.8%€14.53€11.62n/a4
Jul ’25€9.75
€12.99
+33.2%
8.8%€14.53€11.62n/a4
Jun ’25€9.10
€12.75
+40.1%
23.4%€17.79€10.08n/a4
May ’25€8.00
€12.69
+58.6%
27.3%€18.57€9.90n/a4
Apr ’25€7.35
€12.69
+72.6%
27.3%€18.57€9.90n/a4
Mar ’25€7.40
€12.69
+71.5%
27.3%€18.57€9.90n/a4
Feb ’25€9.10
€15.78
+73.5%
19.3%€19.17€12.14n/a4
Jan ’25€10.60
€15.78
+48.9%
19.3%€19.17€12.14n/a4
Dec ’24€9.20
€16.49
+79.2%
13.0%€18.36€12.85n/a4
Nov ’24€8.95
€18.03
+101.5%
3.9%€19.02€17.12€10.804
Oct ’24€10.00
€18.32
+83.2%
5.9%€20.10€16.96€11.805
Sep ’24€10.70
€18.32
+71.2%
5.9%€20.10€16.96€11.605
Aug ’24€12.00
€19.88
+65.7%
6.4%€21.47€18.11€10.206
Jul ’24€12.10
€19.88
+64.3%
6.4%€21.47€18.11€9.756
Jun ’24€13.10
€19.88
+51.8%
6.4%€21.47€18.11€9.106
May ’24€13.70
€20.32
+48.3%
7.1%€22.50€18.41€8.006
Apr ’24€14.10
€20.73
+47.0%
6.8%€23.10€18.90€7.357
Mar ’24€14.70
€20.73
+41.0%
6.8%€23.10€18.90€7.407
Feb ’24€15.00
€20.94
+39.6%
4.7%€22.74€19.90€9.106
Jan ’24€14.70
€20.77
+41.3%
5.5%€22.68€19.14€10.606
Dec ’23€15.10
€20.13
+33.3%
5.8%€22.23€18.76€9.207
Nov ’23€13.70
€20.99
+53.2%
6.2%€23.35€19.70€8.957

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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