SEGRO Plc

DB:S4VC Stock Report

Market Cap: €10.9b

SEGRO Valuation

Is S4VC 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-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 S4VC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€6.14
Fair Value
27.8% overvalued intrinsic discount
16
Number of Analysts

Below Fair Value: S4VC (€7.85) is trading above our estimate of fair value (€6.14)

Significantly Below Fair Value: S4VC is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for S4VC?

Key metric: As S4VC is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for S4VC. This is calculated by dividing S4VC's market cap by their current revenue.
What is S4VC's PS Ratio?
PS Ratio12.4x
SalesUK£734.00m
Market CapUK£9.07b

Price to Sales Ratio vs Peers

How does S4VC's PS Ratio compare to its peers?

The above table shows the PS ratio for S4VC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average7.9x
LINE Lineage
2.4x5.4%US$14.4b
A17U CapitaLand Ascendas REIT
7.5x2.4%S$11.4b
EGP EastGroup Properties
12.5x11.2%US$7.9b
REXR Rexford Industrial Realty
9.4x11.7%US$8.9b
S4VC SEGRO
12.4x3.5%€9.1b

Price-To-Sales vs Peers: S4VC is expensive based on its Price-To-Sales Ratio (12.4x) compared to the peer average (7.9x).

Price to Sales Ratio vs Industry

How does S4VC's PS Ratio compare vs other companies in the Global Industrial REITs Industry?

1 CompanyPrice / SalesEstimated GrowthMarket Cap
S4VC 12.4xIndustry Avg. 8.7xNo. of Companies10PS048121620+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: S4VC is expensive based on its Price-To-Sales Ratio (12.4x) compared to the Global Industrial REITs industry average (8.6x).

Price to Sales Ratio vs Fair Ratio

What is S4VC'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.

S4VC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio12.4x
Fair PS Ratio17.2x

Price-To-Sales vs Fair Ratio: S4VC is good value based on its Price-To-Sales Ratio (12.4x) compared to the estimated Fair Price-To-Sales Ratio (17.2x).

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 S4VC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€7.85
€11.31
+44.1%
9.1%€13.28€9.64n/a16
Jan ’26€8.20
€11.31
+37.9%
9.1%€13.28€9.64n/a16
Dec ’25€9.20
€11.64
+26.6%
9.4%€13.79€9.60n/a16
Nov ’25€9.25
€11.88
+28.4%
7.9%€13.82€10.34n/a12
Oct ’25€10.50
€11.79
+12.3%
8.1%€13.79€10.32n/a12
Sep ’25€10.20
€11.49
+12.7%
7.8%€13.49€9.96n/a17
Aug ’25€10.90
€11.59
+6.3%
7.9%€13.62€10.07n/a17
Jul ’25€10.50
€11.61
+10.5%
7.6%€13.53€10.00n/a17
Jun ’25€10.60
€11.46
+8.1%
7.7%€12.56€9.52n/a18
May ’25€9.85
€11.39
+15.6%
7.8%€12.60€9.45n/a18
Apr ’25€10.40
€11.18
+7.5%
9.1%€12.62€9.05n/a18
Mar ’25€9.90
€10.97
+10.8%
9.9%€12.49€9.05n/a18
Feb ’25€10.10
€10.69
+5.8%
12.4%€12.53€7.54n/a17
Jan ’25€10.00
€10.03
+0.3%
12.2%€12.17€7.45€8.2016
Dec ’24€9.35
€9.89
+5.8%
13.7%€12.27€6.78€9.2016
Nov ’24€7.85
€9.83
+25.3%
13.9%€12.06€6.66€9.2517
Oct ’24€8.20
€9.98
+21.7%
11.7%€12.11€7.41€10.5018
Sep ’24€8.45
€10.22
+21.0%
12.9%€12.20€7.06€10.2018
Aug ’24€8.80
€10.46
+18.9%
11.9%€12.25€7.09€10.9018
Jul ’24€8.25
€10.66
+29.2%
11.7%€12.33€7.60€10.5018
Jun ’24€9.15
€10.62
+16.1%
11.9%€12.90€7.49€10.6018
May ’24€9.10
€10.38
+14.0%
15.6%€12.76€5.96€9.8520
Apr ’24€8.50
€10.39
+22.2%
15.4%€12.74€5.95€10.4020
Mar ’24€9.15
€10.34
+13.0%
14.2%€12.70€5.93€9.9021
Feb ’24€9.90
€10.63
+7.4%
18.2%€15.80€5.96€10.1021
Jan ’24€9.05
€10.76
+18.9%
19.7%€16.14€6.08€10.0021
Analyst Price Target
Consensus Narrative from 16 Analysts
€10.99
Fair Value
28.6% undervalued intrinsic discount
16
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/08 08:46
End of Day Share Price 2025/01/08 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

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

SEGRO Plc is covered by 41 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
Pierre-Yves GauthierAlphaValue
Aaron GuyBarclays
Paul MayBarclays