Shui On Land Valuation

Is OL5 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

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 OL5 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: OL5 (€0.07) is trading above our estimate of fair value (€0.03)

Significantly Below Fair Value: OL5 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OL5?

Key metric: As OL5 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for OL5. This is calculated by dividing OL5's market cap by their current earnings.
What is OL5's PE Ratio?
PE Ratio	19.2x
Earnings	CN¥264.00m
Market Cap	CN¥5.08b

OL5 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	7.9x
Enterprise Value/EBITDA	16.6x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does OL5's PE Ratio compare to its peers?

The above table shows the PE ratio for OL5 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	31.3x
INS Instone Real Estate Group	25.9x	37.9%	€365.6m
CRZK CR Energy	9.8x	39.8%	€121.8m
GWK3 GAG Immobilien	24x	n/a	€848.5m
SPB Sedlmayr Grund und Immobilien	65.6x	n/a	€903.2m
OL5 Shui On Land	19.2x	n/a	€5.5b

Price-To-Earnings vs Peers: OL5 is good value based on its Price-To-Earnings Ratio (19.2x) compared to the peer average (31.3x).

Price to Earnings Ratio vs Industry

How does OL5'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: OL5 is expensive based on its Price-To-Earnings Ratio (19.2x) compared to the European Real Estate industry average (18.2x).

Price to Earnings Ratio vs Fair Ratio

What is OL5'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.

OL5 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	19.2x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate OL5'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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