Fonciere Inea Valuation
Is 37P undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation Score 4/6
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 37P when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 37P (€30.9) is trading below our estimate of fair value (€61.64)
Significantly Below Fair Value: 37P is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 37P?
Key metric: As 37P is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is 37P's PS Ratio? | |
|---|---|
| PS Ratio | 4.5x |
| Sales | €75.08m |
| Market Cap | €334.13m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 12.2x |
| Enterprise Value/EBITDA | 20x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does 37P's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 3.7x | ||
AOX alstria office REIT-AG | 5.1x | -1.5% | €1.2b |
HABA Hamborner REIT | 4.9x | 1.7% | €514.1m |
DKG Deutsche Konsum REIT-AG | 1.4x | -7.4% | €142.7m |
1426 Spring Real Estate Investment Trust | 3.5x | n/a | HK$2.8b |
37P Fonciere Inea | 4.5x | 10.8% | €334.1m |
Price-To-Sales vs Peers: 37P is expensive based on its Price-To-Sales Ratio (4.5x) compared to the peer average (3.7x).
Price to Sales Ratio vs Industry
How does 37P's PS Ratio compare vs other companies in the European Office REITs Industry?
| 3 Companies | Price / Sales | Estimated Growth | Market Cap |
|---|---|---|---|
| 3 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Sales vs Industry: 37P is good value based on its Price-To-Sales Ratio (4.5x) compared to the European Office REITs industry average (8.2x).
Price to Sales Ratio vs Fair Ratio
What is 37P'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 | 4.5x |
| Fair PS Ratio | 7.2x |
Price-To-Sales vs Fair Ratio: 37P is good value based on its Price-To-Sales Ratio (4.5x) compared to the estimated Fair Price-To-Sales Ratio (7.2x).
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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