First Industrial Realty Trust Valuation
Is F5W 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-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 F5W when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: F5W (€43) is trading below our estimate of fair value (€86.19)
Significantly Below Fair Value: F5W is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for F5W?
Other financial metrics that can be useful for relative valuation.
| What is F5W's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | US$6.32b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 13.5x |
| Enterprise Value/EBITDA | 20.2x |
| PEG Ratio | -10.3x |
Price to Earnings Ratio vs Peers
How does F5W's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 19.3x | ||
GIB GSW Immobilien | 8.4x | n/a | €5.0b |
STAG STAG Industrial | 32.5x | -10.6% | US$6.4b |
WDP Warehouses De Pauw | 31.9x | 30.2% | €5.5b |
FIBRAPL 14 FIBRA Prologis | 4.4x | -63.1% | Mex$94.1b |
F5W First Industrial Realty Trust | 21.4x | -2.1% | €6.3b |
Price-To-Earnings vs Peers: F5W is good value based on its Price-To-Earnings Ratio (21.4x) compared to the peer average (23x).
Price to Earnings Ratio vs Industry
How does F5W's PE Ratio compare vs other companies in the Global Industrial REITs Industry?
Price-To-Earnings vs Industry: F5W is good value based on its Price-To-Earnings Ratio (21.4x) compared to the Global Industrial REITs industry average (22.7x).
Price to Earnings Ratio vs Fair Ratio
What is F5W'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 21.4x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate F5W'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?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | €42.80 | €50.63 +18.3% | 10.8% | €57.83 | €39.17 | n/a | 14 |
| Apr ’25 | €48.00 | €51.64 +7.6% | 9.9% | €57.24 | €38.78 | n/a | 14 |
| Mar ’25 | €48.80 | €52.11 +6.8% | 10.6% | €58.47 | €38.98 | n/a | 14 |
| Feb ’25 | €48.40 | €50.32 +4.0% | 10.7% | €58.17 | €38.78 | n/a | 14 |
| Jan ’25 | €47.40 | €46.75 -1.4% | 12.1% | €57.03 | €37.12 | n/a | 14 |
| Dec ’24 | €42.60 | €47.42 +11.3% | 11.6% | €58.75 | €38.24 | n/a | 13 |
| Nov ’24 | €39.80 | €48.77 +22.5% | 13.5% | €61.42 | €38.74 | n/a | 13 |
| Oct ’24 | €44.80 | €53.49 +19.4% | 7.7% | €59.20 | €42.81 | n/a | 11 |
| Sep ’24 | €47.60 | €53.49 +12.4% | 7.7% | €59.20 | €42.81 | n/a | 11 |
| Aug ’24 | €46.80 | €53.22 +13.7% | 8.3% | €59.27 | €41.94 | n/a | 11 |
| Jul ’24 | €47.60 | €53.82 +13.1% | 7.5% | €59.70 | €46.13 | n/a | 10 |
| Jun ’24 | €47.80 | €53.82 +12.6% | 7.5% | €59.70 | €46.13 | n/a | 10 |
| May ’24 | €47.00 | €53.91 +14.7% | 7.3% | €58.99 | €46.28 | n/a | 10 |
| Apr ’24 | €48.20 | €52.95 +9.9% | 8.0% | €59.96 | €44.28 | €48.00 | 10 |
| Mar ’24 | €48.80 | €55.24 +13.2% | 5.1% | €60.96 | €51.58 | €48.80 | 10 |
| Feb ’24 | €48.80 | €52.63 +7.9% | 8.5% | €60.23 | €45.40 | €48.40 | 10 |
| Jan ’24 | €45.20 | €52.74 +16.7% | 9.4% | €61.32 | €45.28 | €47.40 | 10 |
| Dec ’23 | €47.60 | €53.68 +12.8% | 9.6% | €62.75 | €46.34 | €42.60 | 10 |
| Nov ’23 | €47.20 | €57.61 +22.0% | 8.6% | €65.81 | €48.60 | €39.80 | 10 |
| Oct ’23 | €45.60 | €62.76 +37.6% | 10.7% | €74.25 | €55.19 | €44.80 | 11 |
| Sep ’23 | €50.50 | €62.76 +24.3% | 10.7% | €74.25 | €55.19 | €47.60 | 11 |
| Aug ’23 | €50.50 | €60.83 +20.5% | 11.9% | €73.48 | €53.88 | €46.80 | 11 |
| Jul ’23 | €46.20 | €61.25 +32.6% | 12.1% | €77.31 | €52.50 | €47.60 | 12 |
| Jun ’23 | €49.40 | €62.23 +26.0% | 11.7% | €77.72 | €51.50 | €47.80 | 13 |
| May ’23 | €55.00 | €66.16 +20.3% | 8.2% | €78.63 | €58.74 | €47.00 | 12 |
| Apr ’23 | €57.00 | €60.87 +6.8% | 6.2% | €68.49 | €55.87 | €48.20 | 13 |
Analyst Forecast: Target price is less than 20% higher than the current share price.