Digital Realty Trust, Inc.

DB:FQI Stock Report

Market Cap: €62.5b

Digital Realty Trust Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: FQI (€187.24) is trading below our estimate of fair value (€275.04)

Significantly Below Fair Value: FQI is trading below fair value by more than 20%.

Key Valuation Metric

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

Key metric: As FQI is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for FQI. This is calculated by dividing FQI's market cap by their current revenue.
What is FQI's PS Ratio?
PS Ratio12.1x
SalesUS$5.37b
Market CapUS$66.16b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for FQI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average8.7x
EQIX Equinix
11.6x9.5%US$94.7b
AOX alstria office REIT-AG
5.2x-1.5%€1.2b
AJBU Keppel DC REIT
13.1x8.1%S$3.8b
HABA Hamborner REIT
5x1.7%€526.3m
FQI Digital Realty Trust
12.1x10.0%€66.2b

Price-To-Sales vs Peers: FQI is expensive based on its Price-To-Sales Ratio (12.1x) compared to the peer average (8.7x).

Price to Sales Ratio vs Industry

How does FQI's PS Ratio compare vs other companies in the Global Specialized REITs Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
FQI 12.1xIndustry Avg. 8.3xNo. of Companies8PS048121620+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: FQI is expensive based on its Price-To-Sales Ratio (12.1x) compared to the Global Specialized REITs industry average (8.3x).

Price to Sales Ratio vs Fair Ratio

What is FQI'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.

FQI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio12.1x
Fair PS Ratio17.5x

Price-To-Sales vs Fair Ratio: FQI is good value based on its Price-To-Sales Ratio (12.1x) compared to the estimated Fair Price-To-Sales Ratio (17.5x).

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 FQI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€187.24
€170.97
-8.7%
14.7%€202.25€108.76n/a23
Nov ’25€162.80
€159.06
-2.3%
14.6%€194.91€104.81n/a22
Oct ’25€144.60
€143.19
-1.0%
13.0%€169.84€102.99n/a22
Sep ’25€137.14
€141.11
+2.9%
12.6%€168.09€101.93n/a22
Aug ’25€140.68
€144.51
+2.7%
12.9%€173.15€102.23n/a22
Jul ’25€141.38
€142.98
+1.1%
13.1%€172.29€103.37n/a21
Jun ’25€131.48
€137.72
+4.7%
12.2%€161.32€102.32n/a20
May ’25€130.68
€134.48
+2.9%
12.7%€156.59€99.48n/a20
Apr ’25€133.00
€133.05
+0.03%
13.5%€156.42€92.01n/a20
Mar ’25€138.50
€131.23
-5.2%
13.8%€157.28€92.52n/a19
Feb ’25€131.70
€124.56
-5.4%
12.9%€156.21€91.89n/a20
Jan ’25€122.60
€120.70
-1.6%
13.2%€153.99€87.86n/a20
Dec ’24€127.35
€118.25
-7.1%
11.8%€133.23€89.12n/a20
Nov ’24€119.35
€121.44
+1.7%
11.6%€136.28€88.96€162.8019
Oct ’24€114.50
€119.97
+4.8%
12.0%€136.21€88.91€144.6018
Sep ’24€122.25
€116.48
-4.7%
11.5%€133.30€87.02€137.1418
Aug ’24€112.35
€111.28
-0.9%
11.6%€131.11€85.59€140.6818
Jul ’24€104.25
€111.40
+6.9%
16.9%€162.61€74.34€141.3818
Jun ’24€95.98
€111.71
+16.4%
17.3%€163.75€74.86€131.4818
May ’24€89.78
€108.20
+20.5%
18.3%€159.51€72.92€130.6820
Apr ’24€87.63
€112.43
+28.3%
17.5%€162.14€74.12€133.0020
Mar ’24€94.27
€114.80
+21.8%
16.9%€164.13€75.03€138.5020
Feb ’24€105.38
€112.57
+6.8%
17.4%€159.30€73.73€131.7021
Jan ’24€94.11
€118.39
+25.8%
16.2%€164.99€76.37€122.6021
Dec ’23€107.26
€120.97
+12.8%
16.0%€168.28€84.62€127.3520
Nov ’23€97.74
€130.78
+33.8%
18.9%€192.32€89.07€119.3520

Analyst Forecast: Target price is lower than the current share price.

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