Yuexiu Real Estate Investment Trust

DB:D3N Stock Report

Market Cap: €572.3m

Yuexiu Real Estate Investment Trust Valuation

Is D3N undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation 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 D3N when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€0.029
Fair Value
179.2% overvalued intrinsic discount
2
Number of Analysts

Below Fair Value: D3N (€0.08) is trading above our estimate of fair value (€0.03)

Significantly Below Fair Value: D3N is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for D3N?

Key metric: As D3N is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for D3N. This is calculated by dividing D3N's market cap by their current revenue.
What is D3N's PS Ratio?
PS Ratio2.1x
SalesCN¥2.06b
Market CapCN¥4.34b

Price to Sales Ratio vs Peers

How does D3N's PS Ratio compare to its peers?

The above table shows the PS ratio for D3N vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3x
FVI Fair Value REIT-AG
2.1xn/a€51.9m
HABA Hamborner REIT
5x-0.4%€527.1m
AOX alstria office REIT-AG
4.1x-1.5%€992.8m
DKG Deutsche Konsum REIT-AG
0.8x-53.8%€141.3m
D3N Yuexiu Real Estate Investment Trust
2.1x0.2%€4.6b

Price-To-Sales vs Peers: D3N is good value based on its Price-To-Sales Ratio (2.1x) compared to the peer average (3x).

Price to Sales Ratio vs Industry

How does D3N's PS Ratio compare vs other companies in the European REITs Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
D3N 2.1xIndustry Avg. 8.1xNo. of Companies13PS0612182430+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: D3N is good value based on its Price-To-Sales Ratio (2.1x) compared to the European REITs industry average (8.1x).

Price to Sales Ratio vs Fair Ratio

What is D3N'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.

D3N PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.1x
Fair PS Ratio0.9x

Price-To-Sales vs Fair Ratio: D3N is expensive based on its Price-To-Sales Ratio (2.1x) compared to the estimated Fair Price-To-Sales Ratio (0.9x).

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 D3N forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.08
€0.14
+81.2%
16.5%€0.17€0.12n/a2
Feb ’26€0.08
€0.16
+100.8%
20.3%€0.20€0.12n/a3
Jan ’26€0.11
€0.16
+44.7%
20.3%€0.20€0.12n/a3
Dec ’25€0.089
€0.16
+80.5%
20.3%€0.20€0.12n/a3
Nov ’25€0.12
€0.16
+37.3%
20.3%€0.20€0.12n/a3
Oct ’25€0.11
€0.15
+40.8%
21.6%€0.20€0.12n/a4
Sep ’25€0.05
€0.15
+197.0%
21.2%€0.19€0.12n/a4
Aug ’25€0.085
€0.15
+80.4%
19.1%€0.19€0.12n/a4
Jul ’25€0.083
€0.15
+84.8%
19.1%€0.19€0.12n/a4
Jun ’25€0.088
€0.15
+74.3%
19.1%€0.19€0.12n/a4
May ’25€0.074
€0.15
+107.3%
19.1%€0.19€0.12n/a4
Apr ’25€0.12
€0.15
+33.4%
19.1%€0.19€0.12n/a4
Mar ’25€0.11
€0.17
+58.5%
11.3%€0.20€0.14n/a4
Feb ’25€0.11
€0.19
+73.3%
17.5%€0.24€0.14€0.084
Jan ’25€0.13
€0.19
+46.1%
17.6%€0.24€0.14€0.114
Dec ’24€0.13
€0.19
+47.5%
17.6%€0.24€0.14€0.0894
Nov ’24€0.12
€0.19
+62.5%
17.6%€0.24€0.14€0.124
Oct ’24€0.14
€0.20
+41.4%
10.0%€0.24€0.18€0.114
Sep ’24€0.16
€0.20
+28.8%
10.0%€0.24€0.18€0.054
Aug ’24€0.17
€0.22
+32.9%
7.4%€0.24€0.20€0.0854
Jul ’24€0.18
€0.26
+44.9%
10.0%€0.30€0.24€0.0834
Jun ’24€0.20
€0.26
+29.7%
10.0%€0.30€0.24€0.0884
May ’24€0.22
€0.26
+16.8%
10.0%€0.30€0.24€0.0744
Apr ’24€0.22
€0.26
+18.9%
10.0%€0.30€0.24€0.124
Mar ’24€0.28
€0.32
+12.5%
26.8%€0.41€0.19€0.114
Feb ’24€0.29
€0.32
+10.4%
25.4%€0.40€0.19€0.114
Analyst Price Target
Consensus Narrative from 2 Analysts
€0.10
Fair Value
22.5% undervalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/19 04:36
End of Day Share Price 2025/02/19 00:00
Earnings2024/06/30
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.

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 Github.

Analyst Sources

Yuexiu Real Estate Investment Trust is covered by 16 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Alvin WongBarclays
Jianping ChenBarclays
Griffin ChanCitigroup Inc