Gladstone Land Valuation
Is 3L4 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
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 3L4 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 3L4 (€12.43) is trading below our estimate of fair value (€13.08)
Significantly Below Fair Value: 3L4 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 3L4?
Key metric: As 3L4 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is 3L4's PS Ratio? | |
|---|---|
| PS Ratio | 4.9x |
| Sales | US$88.45m |
| Market Cap | US$436.75m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 11.4x |
| Enterprise Value/EBITDA | 14.5x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does 3L4's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 4.3x | ||
HABA Hamborner REIT | 5x | 1.7% | €525.5m |
DKG Deutsche Konsum REIT-AG | 1.3x | -12.7% | €141.7m |
AOX alstria office REIT-AG | 5.1x | -1.5% | €1.2b |
APR.UN Automotive Properties Real Estate Investment Trust | 5.9x | 4.0% | CA$556.7m |
3L4 Gladstone Land | 4.9x | 2.5% | €436.7m |
Price-To-Sales vs Peers: 3L4 is expensive based on its Price-To-Sales Ratio (4.9x) compared to the peer average (4.3x).
Price to Sales Ratio vs Industry
How does 3L4's PS Ratio compare vs other companies in the Global Specialized REITs Industry?
| 2 Companies | Price / Sales | Estimated Growth | Market Cap |
|---|---|---|---|
| 2 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Sales vs Industry: 3L4 is good value based on its Price-To-Sales Ratio (4.9x) compared to the Global Specialized REITs industry average (8.3x).
Price to Sales Ratio vs Fair Ratio
What is 3L4'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.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 4.9x |
| Fair PS Ratio | n/a |
Price-To-Sales vs Fair Ratio: Insufficient data to calculate 3L4's Price-To-Sales 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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