Canadian Apartment Properties Real Estate Investment Trust

DB:0OJ Stock Report

Market Cap: €4.8b

Canadian Apartment Properties Real Estate Investment Trust Valuation

Is 0OJ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 0OJ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0OJ (€28.16) is trading below our estimate of fair value (€30.98)

Significantly Below Fair Value: 0OJ 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 0OJ?

Key metric: As 0OJ is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0OJ. This is calculated by dividing 0OJ's market cap by their current earnings.
What is 0OJ's PE Ratio?
PE Ratio20.5x
EarningsCA$350.77m
Market CapCA$7.19b

Price to Earnings Ratio vs Peers

How does 0OJ's PE Ratio compare to its peers?

The above table shows the PE ratio for 0OJ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.9x
UTG Unite Group
14.4x15.0%UK£3.9b
3269 Advance Residence Investment
26.2x2.6%JP¥410.7b
HABA Hamborner REIT
62.4x9.5%€510.8m
BEI.UN Boardwalk Real Estate Investment Trust
4.5xn/aCA$3.4b
0OJ Canadian Apartment Properties Real Estate Investment Trust
20.5x21.3%€7.2b

Price-To-Earnings vs Peers: 0OJ is good value based on its Price-To-Earnings Ratio (20.5x) compared to the peer average (26.9x).

Price to Earnings Ratio vs Industry

How does 0OJ's PE Ratio compare vs other companies in the Global Residential REITs Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0OJ 20.5xIndustry Avg. 25.8xNo. of Companies9PE01632486480+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0OJ is good value based on its Price-To-Earnings Ratio (20.5x) compared to the Global Residential REITs industry average (25.8x).

Price to Earnings Ratio vs Fair Ratio

What is 0OJ'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.

0OJ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 0OJ'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?

The above table shows the analyst 0OJ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€28.16
€36.80
+30.7%
5.4%€40.55€32.84n/a14
Dec ’25€30.62
€37.94
+23.9%
3.9%€41.57€35.82n/a14
Nov ’25€29.78
€38.36
+28.8%
4.8%€41.93€35.61n/a14
Oct ’25€36.20
€37.92
+4.8%
5.9%€40.99€32.06n/a14
Sep ’25€35.10
€37.44
+6.7%
5.3%€39.78€32.15n/a14
Aug ’25€32.32
€37.54
+16.1%
4.8%€40.15€32.46n/a15
Jul ’25€29.84
€37.75
+26.5%
4.9%€40.51€32.74n/a14
Jun ’25€30.02
€37.98
+26.5%
5.0%€40.69€32.89n/a13
May ’25€29.03
€38.72
+33.4%
3.7%€40.92€36.49n/a12
Apr ’25€31.52
€39.04
+23.9%
4.7%€42.79€36.33n/a13
Mar ’25€32.72
€39.19
+19.8%
4.5%€42.88€36.41n/a13
Feb ’25€32.94
€38.31
+16.3%
5.1%€42.00€34.42n/a15
Jan ’25€33.01
€37.83
+14.6%
5.4%€41.72€34.20n/a15
Dec ’24€32.19
€36.38
+13.0%
6.5%€40.19€31.15€30.6215
Nov ’24€28.18
€38.39
+36.3%
4.6%€41.84€34.64€29.7814
Oct ’24€31.32
€38.90
+24.2%
4.7%€42.37€34.51€36.2016
Sep ’24€33.46
€38.58
+15.3%
4.8%€42.10€34.29€35.1016
Aug ’24€34.75
€38.24
+10.0%
5.4%€41.80€33.21€32.3216
Jul ’24€35.08
€39.35
+12.2%
5.7%€43.76€34.21€29.8416
Jun ’24€34.10
€38.87
+14.0%
5.9%€43.14€33.73€30.0215
May ’24€32.93
€38.16
+15.9%
5.6%€41.51€33.34€29.0315
Apr ’24€32.00
€38.66
+20.8%
5.4%€42.20€33.90€31.5215
Mar ’24€33.29
€38.94
+17.0%
5.4%€42.50€34.14€32.7215
Feb ’24€34.49
€37.27
+8.0%
6.4%€39.94€30.99€32.9415
Jan ’24€29.35
€36.87
+25.6%
6.6%€39.96€31.00€33.0115
Dec ’23€30.93
€38.34
+24.0%
6.3%€41.34€32.08€32.1915

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 12:29
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Canadian Apartment Properties Real Estate Investment Trust is covered by 28 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Karine MacIndoeBMO Capital Markets Equity Research
Michael MarkidisBMO Capital Markets Equity Research
Mark RothschildCanaccord Genuity