AGROB Immobilien Valuation

Q: What is the Fair Price of AGR3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

AGR3 (€44) is trading above our estimate of [[fair value]] (€18.69)

Is AGR3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

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 AGR3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AGR3 (€44) is trading above our estimate of fair value (€18.69)

Significantly Below Fair Value: AGR3 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AGR3?

Key metric: As AGR3 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for AGR3. This is calculated by dividing AGR3's market cap by their current revenue.
What is AGR3's PS Ratio?
PS Ratio	14.1x
Sales	€12.37m
Market Cap	€173.29m

AGR3 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	23.2x
Enterprise Value/EBITDA	48.3x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does AGR3's PS Ratio compare to its peers?

The above table shows the PS ratio for AGR3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	7x
STG STINAG Stuttgart Invest	6.6x	3.2%	€183.1m
DRE2 Deutsche Real Estate	4.5x	n/a	€156.4m
DEF DEFAMA Deutsche Fachmarkt	5x	8.0%	€143.0m
DWB Dinkelacker	11.9x	n/a	€297.0m
AGR3 AGROB Immobilien	14.1x	n/a	€173.3m

Price-To-Sales vs Peers: AGR3 is expensive based on its Price-To-Sales Ratio (14.1x) compared to the peer average (7x).

Price to Sales Ratio vs Industry

How does AGR3's PS Ratio compare vs other companies in the DE Real Estate Industry?

9 Companies	Price / Sales	Estimated Growth	Market Cap
DMRE DEMIRE Deutsche Mittelstand Real Estate	0.5x	-42.0%	US$87.93m
ADJ Adler Group	0.1x	n/a	US$50.54m
NUVA Noratis	0.3x	16.6%	US$15.93m
A4Y ACCENTRO Real Estate	0.1x	5.2%	US$9.90m

9 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: AGR3 is expensive based on its Price-To-Sales Ratio (14.1x) compared to the German Real Estate industry average (3.8x).

Price to Sales Ratio vs Fair Ratio

What is AGR3'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.

AGR3 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	14.1x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate AGR3's Price-To-Sales 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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