Halmont Properties Valuation

Q: What is the Fair Price of MD0 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

MD0 (€0.38) is trading below our estimate of [[fair value]] (€0.42)

Is MD0 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 MD0 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MD0 (€0.38) is trading below our estimate of fair value (€0.42)

Significantly Below Fair Value: MD0 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MD0?

Key metric: As MD0 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MD0. This is calculated by dividing MD0's market cap by their current earnings.
What is MD0's PE Ratio?
PE Ratio	5.6x
Earnings	CA$18.66m
Market Cap	CA$105.35m

MD0 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	17.8x
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does MD0's PE Ratio compare to its peers?

The above table shows the PE ratio for MD0 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	15.9x
DEF DEFAMA Deutsche Fachmarkt	28.5x	0.2%	€148.8m
STG STINAG Stuttgart Invest	30.3x	n/a	€184.6m
GTY Gateway Real Estate	0.7x	n/a	€88.5m
BENH BENO Holding	3.8x	n/a	€20.3m
MD0 Halmont Properties	5.6x	n/a	€105.3m

Price-To-Earnings vs Peers: MD0 is good value based on its Price-To-Earnings Ratio (5.6x) compared to the peer average (15.9x).

Price to Earnings Ratio vs Industry

How does MD0's PE Ratio compare vs other companies in the European Real Estate Industry?

22 Companies	Price / Earnings	Estimated Growth	Market Cap

22 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: MD0 is good value based on its Price-To-Earnings Ratio (5.6x) compared to the European Real Estate industry average (18.2x).

Price to Earnings Ratio vs Fair Ratio

What is MD0'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.

MD0 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	5.6x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MD0'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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