SEGRO Valuation
Is S4VC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation 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.
Below Fair Value: S4VC (€9.15) is trading above our estimate of fair value (€6.07)
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.
| What is S4VC's PS Ratio? | |
|---|---|
| PS Ratio | 14.2x |
| Sales | UK£734.00m |
| Market Cap | UK£10.45b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 20.3x |
| Enterprise Value/EBITDA | 27.3x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does S4VC's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 8.5x | ||
LINE Lineage | 2.7x | 5.5% | US$16.1b |
EGP EastGroup Properties | 13.5x | 11.2% | US$8.5b |
A17U CapitaLand Ascendas REIT | 7.3x | 2.6% | S$11.3b |
REXR Rexford Industrial Realty | 10.3x | 12.8% | US$9.7b |
S4VC SEGRO | 14.2x | 5.2% | €10.4b |
Price-To-Sales vs Peers: S4VC is expensive based on its Price-To-Sales Ratio (14.2x) compared to the peer average (8.5x).
Price to Sales Ratio vs Industry
How does S4VC's PS Ratio compare vs other companies in the Global Industrial REITs Industry?
| 1 Company | Price / Sales | Estimated Growth | Market Cap |
|---|---|---|---|
| 1 Company | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Sales vs Industry: S4VC is expensive based on its Price-To-Sales Ratio (14.2x) compared to the Global Industrial REITs industry average (8.4x).
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.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 14.2x |
| Fair PS Ratio | 18.5x |
Price-To-Sales vs Fair Ratio: S4VC is good value based on its Price-To-Sales Ratio (14.2x) compared to the estimated Fair Price-To-Sales Ratio (18.5x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | €9.15 | €11.78 +28.7% | 8.7% | €13.81 | €9.66 | n/a | 14 |
| Nov ’25 | €9.25 | €11.88 +28.4% | 7.9% | €13.82 | €10.34 | n/a | 12 |
| Oct ’25 | €10.50 | €11.79 +12.3% | 8.1% | €13.79 | €10.32 | n/a | 12 |
| Sep ’25 | €10.20 | €11.49 +12.7% | 7.8% | €13.49 | €9.96 | n/a | 17 |
| Aug ’25 | €10.90 | €11.59 +6.3% | 7.9% | €13.62 | €10.07 | n/a | 17 |
| Jul ’25 | €10.50 | €11.61 +10.5% | 7.6% | €13.53 | €10.00 | n/a | 17 |
| Jun ’25 | €10.60 | €11.46 +8.1% | 7.7% | €12.56 | €9.52 | n/a | 18 |
| May ’25 | €9.85 | €11.39 +15.6% | 7.8% | €12.60 | €9.45 | n/a | 18 |
| Apr ’25 | €10.40 | €11.18 +7.5% | 9.1% | €12.62 | €9.05 | n/a | 18 |
| Mar ’25 | €9.90 | €10.97 +10.8% | 9.9% | €12.49 | €9.05 | n/a | 18 |
| Feb ’25 | €10.10 | €10.69 +5.8% | 12.4% | €12.53 | €7.54 | n/a | 17 |
| Jan ’25 | €10.00 | €10.03 +0.3% | 12.2% | €12.17 | €7.45 | n/a | 16 |
| Dec ’24 | €9.35 | €9.89 +5.8% | 13.7% | €12.27 | €6.78 | n/a | 16 |
| Nov ’24 | €7.85 | €9.83 +25.3% | 13.9% | €12.06 | €6.66 | €9.25 | 17 |
| Oct ’24 | €8.20 | €9.98 +21.7% | 11.7% | €12.11 | €7.41 | €10.50 | 18 |
| Sep ’24 | €8.45 | €10.22 +21.0% | 12.9% | €12.20 | €7.06 | €10.20 | 18 |
| Aug ’24 | €8.80 | €10.46 +18.9% | 11.9% | €12.25 | €7.09 | €10.90 | 18 |
| Jul ’24 | €8.25 | €10.66 +29.2% | 11.7% | €12.33 | €7.60 | €10.50 | 18 |
| Jun ’24 | €9.15 | €10.62 +16.1% | 11.9% | €12.90 | €7.49 | €10.60 | 18 |
| May ’24 | €9.10 | €10.38 +14.0% | 15.6% | €12.76 | €5.96 | €9.85 | 20 |
| Apr ’24 | €8.50 | €10.39 +22.2% | 15.4% | €12.74 | €5.95 | €10.40 | 20 |
| Mar ’24 | €9.15 | €10.34 +13.0% | 14.2% | €12.70 | €5.93 | €9.90 | 21 |
| Feb ’24 | €9.90 | €10.63 +7.4% | 18.2% | €15.80 | €5.96 | €10.10 | 21 |
| Jan ’24 | €9.05 | €10.76 +18.9% | 19.7% | €16.14 | €6.08 | €10.00 | 21 |
| Dec ’23 | €9.35 | €10.82 +15.7% | 19.6% | €16.16 | €6.09 | €9.35 | 21 |
| Nov ’23 | €9.25 | €11.17 +20.7% | 22.5% | €16.28 | €6.08 | €7.85 | 20 |
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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