Kojamo Oyj

DB:V4OC Stock Report

Market Cap: €2.3b

Kojamo Oyj Valuation

Is V4OC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 V4OC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: V4OC (€9.31) is trading above our estimate of fair value (€3.73)

Significantly Below Fair Value: V4OC is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for V4OC?

Key metric: As V4OC is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for V4OC. This is calculated by dividing V4OC's market cap by their current revenue.
What is V4OC's PS Ratio?
PS Ratio5x
Sales€452.50m
Market Cap€2.26b

Price to Sales Ratio vs Peers

How does V4OC's PS Ratio compare to its peers?

The above table shows the PS ratio for V4OC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.3x
GYC Grand City Properties
3.5x1.5%€2.1b
AT1 Aroundtown
2.2x2.8%€3.1b
DEQ Deutsche EuroShop
5.4x1.1%€1.5b
TEG TAG Immobilien
1.9x-36.9%€2.7b
V4OC Kojamo Oyj
5x2.1%€2.3b

Price-To-Sales vs Peers: V4OC is expensive based on its Price-To-Sales Ratio (5x) compared to the peer average (3.2x).

Price to Sales Ratio vs Industry

How does V4OC's PS Ratio compare vs other companies in the DE Real Estate Industry?

10 CompaniesPrice / SalesEstimated GrowthMarket Cap
DIC Branicks Group
0.7x-21.8%US$193.71m
DMRE DEMIRE Deutsche Mittelstand Real Estate
0.5x-42.0%US$85.55m
ADJ Adler Group
0.1xn/aUS$48.74m
NUVA Noratis
0.3x16.6%US$16.12m
V4OC 5.0xIndustry Avg. 3.6xNo. of Companies10PS02.85.68.411.214+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: V4OC is expensive based on its Price-To-Sales Ratio (5x) compared to the German Real Estate industry average (3.6x).

Price to Sales Ratio vs Fair Ratio

What is V4OC'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.

V4OC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5x
Fair PS Ratio4.2x

Price-To-Sales vs Fair Ratio: V4OC is expensive based on its Price-To-Sales Ratio (5x) compared to the estimated Fair Price-To-Sales Ratio (4.2x).

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 V4OC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€9.08
€10.29
+13.3%
7.8%€11.50€8.70n/a7
Nov ’25€9.01
€10.29
+14.2%
6.6%€11.50€9.20n/a7
Oct ’25€10.24
€10.19
-0.5%
8.4%€11.50€9.00n/a7
Sep ’25€9.12
€10.10
+10.7%
9.6%€11.50€8.60n/a7
Aug ’25€9.10
€10.34
+13.7%
10.3%€11.80€9.00n/a7
Jul ’25€9.85
€10.84
+10.1%
14.0%€13.00€9.00n/a7
Jun ’25€9.88
€11.01
+11.5%
13.1%€13.00€9.00n/a7
May ’25€10.59
€11.31
+6.8%
12.8%€13.00€9.00n/a7
Apr ’25€10.88
€11.24
+3.3%
12.4%€13.00€9.00n/a7
Mar ’25€10.22
€11.39
+11.4%
12.4%€13.00€9.00n/a7
Feb ’25€10.99
€11.31
+3.0%
11.6%€13.20€9.00n/a7
Jan ’25€12.00
€10.13
-15.6%
12.5%€12.00€8.80n/a7
Dec ’24€10.16
€9.93
-2.3%
11.6%€11.60€8.40n/a7
Nov ’24€7.99
€9.33
+16.8%
13.4%€11.00€8.00€9.016
Oct ’24€8.06
€9.40
+16.7%
12.6%€11.00€8.00€10.246
Sep ’24€9.25
€9.40
+1.7%
12.6%€11.00€8.00€9.126
Aug ’24€8.84
€10.55
+19.3%
14.9%€13.50€8.80€9.106
Jul ’24€8.56
€10.72
+25.2%
14.6%€13.50€8.80€9.856
Jun ’24€9.41
€11.87
+26.2%
19.5%€16.00€8.70€9.886
May ’24€11.21
€13.02
+16.1%
19.6%€16.60€9.50€10.596
Apr ’24€10.88
€13.02
+19.6%
19.6%€16.60€9.50€10.886
Mar ’24€12.41
€13.62
+9.7%
14.6%€16.60€11.30€10.226
Feb ’24€14.27
€13.63
-4.5%
12.4%€16.00€11.30€10.996
Jan ’24€14.00
€13.17
-6.0%
17.2%€16.00€10.00€12.006
Dec ’23€14.36
€13.37
-6.9%
18.2%€16.00€10.00€10.166
Nov ’23€13.49
€14.73
+9.2%
25.5%€20.00€9.90€7.996

Analyst Forecast: Target price is less than 20% higher than the current share price.

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