Lar España Real Estate SOCIMI, S.A.

DB:L8E Stock Report

Market Cap: €684.1m

Lar España Real Estate SOCIMI Valuation

Is L8E undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 L8E when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: L8E (€8.06) is trading above our estimate of fair value (€6.23)

Significantly Below Fair Value: L8E is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for L8E?

Key metric: As L8E is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for L8E. This is calculated by dividing L8E's market cap by their current earnings.
What is L8E's PE Ratio?
PE Ratio28.5x
Earnings€23.98m
Market Cap€684.12m

Price to Earnings Ratio vs Peers

How does L8E's PE Ratio compare to its peers?

The above table shows the PE ratio for L8E vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average35.6x
HABA Hamborner REIT
64.5x10.8%€525.5m
WSR Whitestone REIT
35.7x10.7%US$761.2m
8968 Fukuoka REIT
21x6.2%JP¥126.2b
SGR.UN Slate Grocery REIT
21.4xn/aCA$885.5m
L8E Lar España Real Estate SOCIMI
28.5x20.9%€684.1m

Price-To-Earnings vs Peers: L8E is good value based on its Price-To-Earnings Ratio (28.5x) compared to the peer average (35.5x).

Price to Earnings Ratio vs Industry

How does L8E's PE Ratio compare vs other companies in the European Retail REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
L8E 28.5xIndustry Avg. 22.7xNo. of Companies4PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: L8E is expensive based on its Price-To-Earnings Ratio (28.5x) compared to the European Retail REITs industry average (22.7x).

Price to Earnings Ratio vs Fair Ratio

What is L8E'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.

L8E PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate L8E'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?

The above table shows the analyst L8E forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€8.06
€8.15
+1.1%
7.1%€8.70€6.90n/a6
Nov ’25€8.12
€8.21
+1.2%
6.8%€8.70€6.90n/a7
Oct ’25€7.97
€8.30
+4.1%
7.0%€8.90€6.90n/a8
Sep ’25€7.94
€8.30
+4.5%
7.0%€8.90€6.90n/a8
Aug ’25€7.99
€8.30
+3.9%
7.0%€8.90€6.90n/a8
Jul ’25€6.77
€8.09
+19.5%
8.4%€8.90€6.90n/a8
Jun ’25€6.87
€7.80
+13.5%
9.8%€8.70€6.58n/a8
May ’25€6.71
€7.75
+15.5%
9.5%€8.70€6.58n/a8
Apr ’25€7.13
€7.56
+6.0%
8.9%€8.70€6.58n/a8
Mar ’25€6.36
€7.56
+18.9%
8.9%€8.70€6.58n/a8
Feb ’25€6.13
€7.56
+23.3%
8.9%€8.70€6.58n/a8
Jan ’25€6.04
€7.56
+25.2%
8.9%€8.70€6.58n/a8
Dec ’24€6.05
€7.56
+25.0%
8.9%€8.70€6.58n/a8
Nov ’24€5.37
€7.60
+41.6%
9.3%€8.60€6.58€8.127
Oct ’24€5.45
€7.74
+42.0%
9.9%€8.80€6.58€7.976
Sep ’24€5.67
€7.74
+36.5%
9.9%€8.80€6.58€7.946
Aug ’24€5.80
€7.74
+33.4%
9.9%€8.80€6.58€7.996
Jul ’24€5.33
€7.59
+42.3%
8.0%€8.20€6.58€6.775
Jun ’24€4.88
€7.55
+54.8%
8.9%€8.20€6.38€6.875
May ’24€5.25
€7.65
+45.6%
10.9%€8.65€6.38€6.715
Apr ’24€4.89
€7.65
+56.5%
10.9%€8.65€6.38€7.135
Mar ’24€5.33
€7.65
+43.5%
10.9%€8.65€6.38€6.365
Feb ’24€4.60
€7.61
+65.6%
9.9%€8.65€6.84€6.134
Jan ’24€4.30
€7.55
+75.5%
10.9%€8.65€6.60€6.044
Dec ’23€4.55
€7.55
+66.1%
10.9%€8.65€6.60€6.054
Nov ’23€3.92
€7.55
+92.8%
10.9%€8.65€6.60€5.374

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

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