RPT Realty

DB:R4F Stock Report

Market Cap: €1.0b

RPT Realty Valuation

Is R4F 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 R4F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: R4F (€11.65) is trading below our estimate of fair value (€11.75)

Significantly Below Fair Value: R4F is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for R4F?

Key metric: As R4F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for R4F. This is calculated by dividing R4F's market cap by their current earnings.
What is R4F's PE Ratio?
PE Ratio24.1x
EarningsUS$46.21m
Market CapUS$1.13b

Price to Earnings Ratio vs Peers

How does R4F's PE Ratio compare to its peers?

The above table shows the PE ratio for R4F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29.6x
HABA Hamborner REIT
64.5x10.8%€527.9m
ALX Alexander's
24.2x-48.0%US$1.1b
MERY Mercialys
16.5x13.5%€975.6m
VKE Vukile Property Fund
13.3xn/aR22.0b
R4F RPT Realty
24.1x-115.2%€1.1b

Price-To-Earnings vs Peers: R4F is good value based on its Price-To-Earnings Ratio (24.1x) compared to the peer average (29.9x).

Price to Earnings Ratio vs Industry

How does R4F's PE Ratio compare vs other companies in the European Retail REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
R4F 24.1xIndustry Avg. 22.7xNo. of Companies4PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: R4F is expensive based on its Price-To-Earnings Ratio (24.1x) compared to the European Retail REITs industry average (23.6x).

Price to Earnings Ratio vs Fair Ratio

What is R4F'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.

R4F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate R4F'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 R4F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
€10.20
0%
2.1%€10.50€10.05n/a3
Nov ’25n/a
€10.20
0%
2.1%€10.50€10.05n/a3
Oct ’25n/a
€10.20
0%
2.1%€10.50€10.05n/a3
Sep ’25n/a
€10.20
0%
2.1%€10.50€10.05n/a3
Aug ’25n/a
€10.20
0%
2.1%€10.50€10.05n/a3
Jul ’25n/a
€10.20
0%
2.1%€10.50€10.05n/a3
Jun ’25n/a
€10.20
0%
2.1%€10.50€10.05n/a3
May ’25n/a
€10.20
0%
2.1%€10.50€10.05n/a3
Apr ’25n/a
€10.20
0%
2.1%€10.50€10.05n/a3
Mar ’25n/a
€10.20
0%
2.1%€10.50€10.05n/a3
Feb ’25n/a
€10.20
0%
2.1%€10.50€10.05n/a3
Jan ’25€11.65
€10.58
-9.2%
1.9%€10.94€10.46n/a4
Dec ’24€10.89
€10.58
-2.8%
1.9%€10.94€10.46n/a4
Nov ’24€10.07
€10.58
+5.0%
1.9%€10.94€10.46n/a4
Oct ’24€9.81
€9.99
+1.8%
5.0%€10.56€9.19n/a4
Sep ’24€10.32
€9.99
-3.2%
5.0%€10.56€9.19n/a4
Aug ’24€9.65
€10.27
+6.4%
11.3%€12.58€8.99n/a7
Jun ’24€8.43
€9.98
+18.5%
13.7%€13.06€8.40n/a10
May ’24€8.26
€9.69
+17.3%
13.9%€12.68€8.15n/a10
Apr ’24€8.55
€9.96
+16.4%
13.6%€12.91€8.30n/a10
Mar ’24€9.90
€10.29
+4.0%
12.9%€13.04€8.38n/a10
Feb ’24€9.47
€10.29
+8.6%
12.9%€13.04€8.38n/a10
Jan ’24€9.18
€10.80
+17.6%
14.2%€13.56€8.72€11.6510
Dec ’23€10.40
€10.80
+3.9%
14.2%€13.56€8.72€10.8910
Nov ’23€9.25
€11.29
+22.0%
14.2%€14.17€9.11€10.0710

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

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