Greentown Service Group Co. Ltd.

DB:GR1 Stock Report

Market Cap: €1.4b

Greentown Service Group Valuation

Is GR1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 GR1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GR1 (€0.4) is trading below our estimate of fair value (€1.19)

Significantly Below Fair Value: GR1 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GR1?

Key metric: As GR1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for GR1. This is calculated by dividing GR1's market cap by their current earnings.
What is GR1's PE Ratio?
PE Ratio15.7x
EarningsCN¥694.67m
Market CapCN¥10.92b

Price to Earnings Ratio vs Peers

How does GR1's PE Ratio compare to its peers?

The above table shows the PE ratio for GR1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.2x
SPB Sedlmayr Grund und Immobilien
65.6xn/a€903.2m
GWK3 GAG Immobilien
25.4xn/a€848.5m
DWB Dinkelacker
29.9xn/a€305.7m
VIH1 VIB Vermögen
3.8x-19.3%€338.5m
GR1 Greentown Service Group
15.7x13.8%€11.7b

Price-To-Earnings vs Peers: GR1 is good value based on its Price-To-Earnings Ratio (15.7x) compared to the peer average (31.2x).

Price to Earnings Ratio vs Industry

How does GR1's PE Ratio compare vs other companies in the European Real Estate Industry?

22 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GR1 15.7xIndustry Avg. 18.2xNo. of Companies30PE01224364860+
22 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GR1 is good value based on its Price-To-Earnings Ratio (15.7x) compared to the European Real Estate industry average (18.2x).

Price to Earnings Ratio vs Fair Ratio

What is GR1'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.

GR1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.7x
Fair PE Ratio11.2x

Price-To-Earnings vs Fair Ratio: GR1 is expensive based on its Price-To-Earnings Ratio (15.7x) compared to the estimated Fair Price-To-Earnings Ratio (11.2x).

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 GR1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.40
€0.56
+39.9%
18.7%€0.76€0.39n/a17
Nov ’25€0.46
€0.55
+18.7%
18.4%€0.74€0.38n/a17
Oct ’25€0.48
€0.52
+6.8%
19.1%€0.73€0.36n/a18
Sep ’25€0.38
€0.50
+32.1%
18.4%€0.72€0.35n/a19
Aug ’25€0.35
€0.46
+31.1%
18.9%€0.72€0.34n/a18
Jul ’25€0.35
€0.45
+27.4%
13.1%€0.55€0.34n/a17
Jun ’25€0.42
€0.44
+5.2%
12.9%€0.54€0.33n/a17
May ’25€0.37
€0.43
+15.5%
12.1%€0.52€0.34n/a16
Apr ’25€0.31
€0.44
+41.0%
19.0%€0.70€0.33n/a17
Mar ’25€0.29
€0.50
+69.2%
20.5%€0.70€0.33n/a18
Feb ’25€0.25
€0.52
+109.6%
19.6%€0.70€0.37n/a19
Jan ’25€0.30
€0.56
+87.5%
18.1%€0.71€0.40n/a19
Dec ’24€0.32
€0.58
+82.1%
17.3%€0.73€0.41n/a18
Nov ’24€0.34
€0.58
+67.3%
17.3%€0.73€0.41€0.4618
Oct ’24€0.38
€0.59
+53.4%
16.8%€0.74€0.41€0.4819
Sep ’24€0.39
€0.60
+52.1%
14.5%€0.72€0.40€0.3818
Aug ’24€0.43
€0.63
+45.3%
15.7%€0.83€0.47€0.3519
Jul ’24€0.41
€0.65
+60.3%
13.1%€0.82€0.49€0.3519
Jun ’24€0.47
€0.65
+39.3%
13.0%€0.82€0.50€0.4219
May ’24€0.53
€0.65
+23.5%
13.0%€0.82€0.50€0.3719
Apr ’24€0.56
€0.66
+19.8%
13.2%€0.84€0.51€0.3119
Mar ’24€0.65
€0.84
+30.2%
22.3%€1.26€0.57€0.2917
Feb ’24€0.65
€0.86
+33.2%
22.8%€1.25€0.57€0.2517
Jan ’24€0.62
€0.90
+45.2%
23.3%€1.25€0.57€0.3016
Dec ’23€0.61
€0.91
+49.7%
20.7%€1.25€0.56€0.3217
Nov ’23€0.41
€0.95
+133.3%
20.9%€1.28€0.57€0.3418

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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