Altarea Valuation
Is XAL undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
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 XAL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: XAL (€97.7) is trading above our estimate of fair value (€51)
Significantly Below Fair Value: XAL is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for XAL?
Key metric: As XAL is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is XAL's PS Ratio? | |
|---|---|
| PS Ratio | 0.8x |
| Sales | €2.53b |
| Market Cap | €2.15b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 2.3x |
| Enterprise Value/EBITDA | -70.1x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does XAL's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 8.3x | ||
AOX alstria office REIT-AG | 5.2x | -1.5% | €1.2b |
HABA Hamborner REIT | 4.9x | 1.7% | €515.7m |
3226 Nippon Accommodations Fund | 11.7x | 1.0% | JP¥295.5b |
3269 Advance Residence Investment | 11.4x | -0.4% | JP¥425.2b |
XAL Altarea | 0.8x | 2.1% | €2.1b |
Price-To-Sales vs Peers: XAL is good value based on its Price-To-Sales Ratio (0.8x) compared to the peer average (8.3x).
Price to Sales Ratio vs Industry
How does XAL's PS Ratio compare vs other companies in the European Residential REITs Industry?
Price-To-Sales vs Industry: XAL is good value based on its Price-To-Sales Ratio (0.8x) compared to the European Residential REITs industry average (8.9x).
Price to Sales Ratio vs Fair Ratio
What is XAL'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 | 0.8x |
| Fair PS Ratio | 3.1x |
Price-To-Sales vs Fair Ratio: XAL is good value based on its Price-To-Sales Ratio (0.8x) compared to the estimated Fair Price-To-Sales Ratio (3.1x).
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.
Discover undervalued companies
Safestore Holdings
UK£1.6b
Safestore is the UK's largest self storage group with 190 stores on 31 October 2023, comprising 133 wholly owned stores in the UK (including 73 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool, Sheffield, Leeds, Newcastle, and Bristol), 29 wholly owned stores in the Paris region, 11 stores in Spain, 11 stores in the Netherlands and 6 stores in Belgium.
IHF
UK£8.85
7D
-4.3%
1Y
1.1%
Argan
€1.7b
Engages in designing, building, developing, owning, leasing, and managing logistical platforms in France.
871
€64.80
7D
-3.1%
1Y
-11.8%
Care Property Invest
€455.0m
Care Property Invest NV/SA is a Public Regulated Real Estate Company (public RREC) under Belgian law.
8OM
€12.34
7D
0.3%
1Y
-1.8%