Stockland

DB:LN1 Stock Report

Market Cap: €7.0b

Stockland Valuation

Is LN1 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-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 LN1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: LN1 (€2.78) is trading below our estimate of fair value (€4.45)

Significantly Below Fair Value: LN1 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LN1?

Key metric: As LN1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for LN1. This is calculated by dividing LN1's market cap by their current earnings.
What is LN1's PE Ratio?
PE Ratio37.7x
EarningsAU$305.00m
Market CapAU$11.50b

Price to Earnings Ratio vs Peers

How does LN1's PE Ratio compare to its peers?

The above table shows the PE ratio for LN1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.8x
MRL MERLIN Properties SOCIMI
44.3x33.0%€5.7b
LAND Land Securities Group
40.7x26.7%UK£4.3b
3462 Nomura Real Estate Master Fund
20.9x-3.8%JP¥641.5b
BLND British Land
21.2x22.3%UK£3.6b
LN1 Stockland
37.7x17.1%€11.5b

Price-To-Earnings vs Peers: LN1 is expensive based on its Price-To-Earnings Ratio (37.7x) compared to the peer average (31.8x).

Price to Earnings Ratio vs Industry

How does LN1's PE Ratio compare vs other companies in the European REITs Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
LN1 37.7xIndustry Avg. 21.2xNo. of Companies8PE01632486480+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: LN1 is expensive based on its Price-To-Earnings Ratio (37.7x) compared to the European REITs industry average (21.4x).

Price to Earnings Ratio vs Fair Ratio

What is LN1'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.

LN1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio37.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate LN1'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 LN1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€2.78
€3.29
+18.4%
8.6%€3.86€2.77n/a10
Dec ’25€3.12
€3.38
+8.4%
9.4%€3.92€2.81n/a9
Nov ’25€3.02
€3.36
+11.3%
9.5%€3.91€2.80n/a9
Oct ’25€3.19
€3.21
+0.5%
7.2%€3.63€2.83n/a9
Sep ’25€2.96
€3.02
+2.1%
6.6%€3.32€2.70n/a10
Aug ’25€2.69
€2.89
+7.6%
7.5%€3.29€2.68n/a10
Jul ’25€2.53
€2.99
+18.6%
8.0%€3.39€2.76n/a10
Jun ’25€2.65
€2.93
+10.6%
7.0%€3.25€2.71n/a10
May ’25€2.61
€2.92
+11.8%
6.3%€3.25€2.71n/a11
Apr ’25€2.78
€2.84
+2.3%
6.0%€3.12€2.62n/a11
Mar ’25€2.63
€2.84
+8.1%
6.0%€3.12€2.62n/a11
Feb ’25€2.65
€2.78
+5.0%
6.5%€3.08€2.52n/a10
Jan ’25€2.71
€2.76
+1.7%
7.4%€3.14€2.52€2.8010
Dec ’24€2.42
€2.60
+7.6%
7.8%€3.01€2.31€3.1211
Nov ’24€2.12
€2.57
+21.0%
7.3%€3.01€2.30€3.0210
Oct ’24€2.37
€2.65
+11.8%
5.5%€3.01€2.47€3.1910
Sep ’24€2.48
€2.59
+4.4%
5.9%€2.97€2.40€2.9611
Aug ’24€2.55
€2.54
-0.4%
5.2%€2.78€2.30€2.6911
Jul ’24€2.42
€2.61
+7.9%
6.2%€2.90€2.28€2.5311
Jun ’24€2.60
€2.63
+1.3%
6.5%€2.89€2.28€2.6511
May ’24€2.62
€2.55
-2.4%
6.5%€2.82€2.22€2.6112
Apr ’24€2.40
€2.49
+4.0%
4.9%€2.69€2.29€2.7812
Mar ’24€2.37
€2.58
+8.7%
6.3%€2.92€2.35€2.6313
Feb ’24€2.59
€2.54
-2.1%
8.0%€2.93€2.30€2.6513
Jan ’24€2.29
€2.51
+9.8%
9.5%€2.90€2.10€2.7114

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 11:20
End of Day Share Price 2025/01/02 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

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 here.

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 .

Analyst Sources

Stockland is covered by 25 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Russell WrightAPP Securities Pty Ltd.
Russell WrightBarclay Pearce Capital Pty Limited
Nicholas McGarrigleBarrenjoey Markets Pty Limited