Land and Houses Public Company Limited

DB:LHOG Stock Report

Market Cap: €1.8b

Land and Houses Valuation

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

Below Fair Value: LHOG (€0.13) is trading above our estimate of fair value (€0.02)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for LHOG. This is calculated by dividing LHOG's market cap by their current earnings.
What is LHOG's PE Ratio?
PE Ratio10.1x
Earnings฿6.39b
Market Cap฿64.53b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for LHOG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.3x
INS Instone Real Estate Group
25.4x43.0%€355.7m
CRZK CR Energy
10x39.8%€123.7m
SPB Sedlmayr Grund und Immobilien
66.7xn/a€903.2m
GWK3 GAG Immobilien
23.3xn/a€816.4m
LHOG Land and Houses
10.1x4.0%€64.5b

Price-To-Earnings vs Peers: LHOG is good value based on its Price-To-Earnings Ratio (10.1x) compared to the peer average (31.3x).


Price to Earnings Ratio vs Industry

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

24 CompaniesPrice / EarningsEstimated GrowthMarket Cap
LHOG 10.1xIndustry Avg. 18.0xNo. of Companies32PE01224364860+
24 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: LHOG is good value based on its Price-To-Earnings Ratio (10.1x) compared to the European Real Estate industry average (17.8x).


Price to Earnings Ratio vs Fair Ratio

What is LHOG'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.

LHOG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.1x
Fair PE Ratio11.8x

Price-To-Earnings vs Fair Ratio: LHOG is good value based on its Price-To-Earnings Ratio (10.1x) compared to the estimated Fair Price-To-Earnings Ratio (11.8x).


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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