Lighthouse Properties Valuation

Q: What is the Fair Price of 87O when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

87O (€0.39) is trading above our estimate of [[fair value]] (€0.3)

Is 87O 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-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 87O when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 87O (€0.39) is trading above our estimate of fair value (€0.3)

Significantly Below Fair Value: 87O is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 87O?

Key metric: As 87O is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 87O. This is calculated by dividing 87O's market cap by their current earnings.
What is 87O's PE Ratio?
PE Ratio	1.8x
Earnings	€403.31m
Market Cap	€745.66m

87O key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	10.5x
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 87O's PE Ratio compare to its peers?

The above table shows the PE ratio for 87O vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	29.9x
GWK3 GAG Immobilien	24x	n/a	€800.4m
SPB Sedlmayr Grund und Immobilien	65.6x	n/a	€903.2m
GTY Gateway Real Estate	0.5x	n/a	€94.3m
DWB Dinkelacker	29.3x	n/a	€299.9m
87O Lighthouse Properties	1.8x	n/a	€14.2b

Price-To-Earnings vs Peers: 87O is good value based on its Price-To-Earnings Ratio (1.8x) compared to the peer average (29.9x).

Price to Earnings Ratio vs Industry

How does 87O's PE Ratio compare vs other companies in the European Real Estate Industry?

25 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	17.8x	97.9%
87O Lighthouse Properties	1.8x	n/a	US$781.61m

25 Companies		Estimated Growth	Market Cap
Industry Avg.	17.8x	97.9%
87O Lighthouse Properties	1.8x	n/a	US$781.61m

No more companies

Price-To-Earnings vs Industry: 87O is good value based on its Price-To-Earnings Ratio (1.8x) compared to the European Real Estate industry average (18x).

Price to Earnings Ratio vs Fair Ratio

What is 87O'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.

87O PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	1.8x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 87O's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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