Samhällsbyggnadsbolaget i Norden AB (publ)

DB:JSI Stock Report

Market Cap: €602.1m

Samhällsbyggnadsbolaget i Norden Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: JSI (€0.31) is trading above our estimate of fair value (€0.02)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for JSI. This is calculated by dividing JSI's market cap by their current revenue.
What is JSI's PS Ratio?
PS Ratio1x
SalesSEK 6.43b
Market CapSEK 6.97b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for JSI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.3x
WCMK WCM Beteiligungs- und Grundbesitz-AG
5.4xn/a€304.0m
GWK3 GAG Immobilien
1.8xn/a€778.0m
SPB Sedlmayr Grund und Immobilien
6.7xn/a€917.9m
VIH1 VIB Vermögen
3.4x2.8%€331.2m
JSI Samhällsbyggnadsbolaget i Norden
1x-16.7%€7.0b

Price-To-Sales vs Peers: JSI is good value based on its Price-To-Sales Ratio (1x) compared to the peer average (4.3x).

Price to Sales Ratio vs Industry

How does JSI'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$88.88m
ADJ Adler Group
0.1xn/aUS$50.80m
NUVA Noratis
0.3x16.6%US$16.66m
A4Y ACCENTRO Real Estate
0.1x5.2%US$10.52m
JSI 1.0xIndustry Avg. 3.6xNo. of Companies10PS02.85.68.411.214+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: JSI is good value based on its Price-To-Sales Ratio (1x) compared to the German Real Estate industry average (3.6x).

Price to Sales Ratio vs Fair Ratio

What is JSI'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.

JSI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1x
Fair PS Ratio1.8x

Price-To-Sales vs Fair Ratio: JSI is good value based on its Price-To-Sales Ratio (1x) compared to the estimated Fair Price-To-Sales Ratio (1.8x).

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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