Allied Properties Real Estate Investment Trust Valuation
Is 5G8 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
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 5G8 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 5G8 (€12.3) is trading below our estimate of fair value (€20.61)
Significantly Below Fair Value: 5G8 is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 5G8?
Key metric: As 5G8 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is 5G8's PS Ratio? | |
|---|---|
| PS Ratio | 4.4x |
| Sales | CA$590.25m |
| Market Cap | CA$2.57b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 11.7x |
| Enterprise Value/EBITDA | 22.9x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does 5G8's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 7.9x | ||
AOX alstria office REIT-AG | 5.1x | -1.5% | €1.2b |
HABA Hamborner REIT | 4.9x | 1.7% | €521.4m |
3234 Mori Hills REIT Investment | 10.8x | -2.0% | JP¥240.5b |
8976 Daiwa Office Investment | 10.6x | 3.2% | JP¥289.7b |
5G8 Allied Properties Real Estate Investment Trust | 4.4x | 12.1% | €2.6b |
Price-To-Sales vs Peers: 5G8 is good value based on its Price-To-Sales Ratio (4.4x) compared to the peer average (7.8x).
Price to Sales Ratio vs Industry
How does 5G8'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: 5G8 is good value based on its Price-To-Sales Ratio (4.4x) compared to the European Office REITs industry average (8.3x).
Price to Sales Ratio vs Fair Ratio
What is 5G8'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 | 4.4x |
| Fair PS Ratio | 6.2x |
Price-To-Sales vs Fair Ratio: 5G8 is good value based on its Price-To-Sales Ratio (4.4x) compared to the estimated Fair Price-To-Sales Ratio (6.2x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | €12.30 | €13.28 +7.9% | 6.7% | €15.21 | €12.23 | n/a | 9 |
| Nov ’25 | €11.62 | €13.28 +14.3% | 6.7% | €15.21 | €12.23 | n/a | 9 |
| Oct ’25 | €13.43 | €12.88 -4.1% | 8.4% | €15.32 | €11.99 | n/a | 9 |
| Sep ’25 | €11.56 | €12.88 +11.4% | 7.9% | €15.03 | €11.69 | n/a | 9 |
| Aug ’25 | €10.83 | €12.88 +18.9% | 7.9% | €15.03 | €11.69 | n/a | 9 |
| Jul ’25 | €10.13 | €13.35 +31.9% | 6.5% | €15.28 | €12.56 | n/a | 9 |
| Jun ’25 | €11.29 | €13.35 +18.3% | 6.5% | €15.28 | €12.56 | n/a | 9 |
| May ’25 | €11.39 | €13.52 +18.7% | 6.4% | €15.30 | €12.75 | n/a | 9 |
| Apr ’25 | €11.84 | €13.92 +17.6% | 7.4% | €16.32 | €12.92 | n/a | 9 |
| Mar ’25 | €11.66 | €14.33 +22.9% | 7.6% | €16.43 | €13.35 | n/a | 9 |
| Feb ’25 | €12.11 | €14.74 +21.7% | 6.5% | €16.15 | €13.40 | n/a | 10 |
| Jan ’25 | €13.51 | €14.64 +8.3% | 9.3% | €17.10 | €13.00 | n/a | 10 |
| Dec ’24 | €12.51 | €14.17 +13.3% | 7.9% | €17.03 | €12.95 | n/a | 10 |
| Nov ’24 | €11.14 | €14.17 +27.2% | 7.9% | €17.03 | €12.95 | €11.62 | 10 |
| Oct ’24 | €12.41 | €18.06 +45.6% | 7.1% | €21.04 | €16.55 | €13.43 | 11 |
| Sep ’24 | €14.12 | €18.06 +27.8% | 7.1% | €21.04 | €16.55 | €11.56 | 11 |
| Aug ’24 | €14.90 | €18.06 +21.2% | 7.1% | €21.04 | €16.55 | €10.83 | 11 |
| Jul ’24 | €14.92 | €20.47 +37.2% | 10.5% | €24.99 | €17.18 | €10.13 | 11 |
| Jun ’24 | €15.31 | €20.19 +31.8% | 10.7% | €24.01 | €16.51 | €11.29 | 11 |
| May ’24 | €14.97 | €20.74 +38.5% | 11.8% | €24.45 | €16.58 | €11.39 | 11 |
| Apr ’24 | €16.33 | €24.64 +50.9% | 5.1% | €27.30 | €22.29 | €11.84 | 10 |
| Mar ’24 | €19.06 | €24.64 +29.3% | 5.1% | €27.30 | €22.29 | €11.66 | 10 |
| Feb ’24 | €20.22 | €24.63 +21.8% | 5.5% | €27.06 | €22.09 | €12.11 | 10 |
| Jan ’24 | €17.50 | €25.83 +47.6% | 14.0% | €36.01 | €21.47 | €13.51 | 11 |
| Dec ’23 | €18.37 | €28.05 +52.7% | 12.3% | €38.36 | €24.89 | €12.51 | 11 |
| Nov ’23 | €19.34 | €28.05 +45.0% | 12.3% | €38.36 | €24.89 | €11.14 | 11 |
Analyst Forecast: Target price is less than 20% higher than the current share price.
Discover undervalued companies
Safestore Holdings
UK£1.7b
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£9.25
7D
-3.1%
1Y
5.1%
Mercialys
€991.5m
Mercialys is one of France’s leading real estate companies.
M8Y
€10.47
7D
1.4%
1Y
25.5%
Independence Realty Trust
US$4.8b
Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S.
5O2
US$19.10
7D
2.1%
1Y
59.2%