Urban Edge Properties Valuation
Is 3UE 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-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 3UE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 3UE (€22) is trading above our estimate of fair value (€18.97)
Significantly Below Fair Value: 3UE is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 3UE?
Key metric: As 3UE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is 3UE's PE Ratio? | |
|---|---|
| PE Ratio | 10.9x |
| Earnings | US$263.46m |
| Market Cap | US$2.87b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 10.2x |
| Enterprise Value/EBITDA | 19.1x |
| PEG Ratio | -0.2x |
Price to Earnings Ratio vs Peers
How does 3UE's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 30.4x | ||
HABA Hamborner REIT | 63.7x | 11.0% | €521.4m |
SRU.UN SmartCentres Real Estate Investment Trust | 27.4x | n/a | CA$3.6b |
J69U Frasers Centrepoint Trust | 19.6x | 4.5% | S$3.9b |
FCR.UN First Capital Real Estate Investment Trust | 10.9x | n/a | CA$3.8b |
3UE Urban Edge Properties | 11x | -56.5% | €2.9b |
Price-To-Earnings vs Peers: 3UE is good value based on its Price-To-Earnings Ratio (11x) compared to the peer average (30.4x).
Price to Earnings Ratio vs Industry
How does 3UE's PE Ratio compare vs other companies in the European Retail REITs Industry?
| 0 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 0 Companies | Estimated Growth | Market Cap |
|---|
Price-To-Earnings vs Industry: 3UE is good value based on its Price-To-Earnings Ratio (11x) compared to the European Retail REITs industry average (22.5x).
Price to Earnings Ratio vs Fair Ratio
What is 3UE'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 10.9x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 3UE'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?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | €22.00 | €21.68 -1.5% | 7.8% | €23.82 | €19.06 | n/a | 4 |
| Nov ’25 | €20.40 | €20.99 +2.9% | 7.8% | €23.07 | €18.46 | n/a | 4 |
| Oct ’25 | €19.10 | €19.93 +4.4% | 9.7% | €22.40 | €17.02 | n/a | 4 |
| Sep ’25 | €18.90 | €19.01 +0.6% | 7.6% | €21.14 | €17.09 | n/a | 4 |
| Aug ’25 | €18.60 | €19.34 +4.0% | 8.0% | €21.78 | €17.61 | n/a | 4 |
| Jul ’25 | €17.00 | €18.38 +8.1% | 6.6% | €19.54 | €16.75 | n/a | 4 |
| Jun ’25 | €15.70 | €18.38 +17.1% | 6.6% | €19.54 | €16.75 | n/a | 4 |
| May ’25 | €16.00 | €18.23 +13.9% | 6.6% | €19.38 | €16.61 | n/a | 4 |
| Apr ’25 | €16.00 | €18.04 +12.7% | 6.6% | €19.18 | €16.44 | n/a | 4 |
| Mar ’25 | €16.00 | €18.04 +12.7% | 6.6% | €19.18 | €16.44 | n/a | 4 |
| Feb ’25 | €16.00 | €18.04 +12.7% | 6.6% | €19.18 | €16.44 | n/a | 4 |
| Jan ’25 | €14.50 | €18.86 +30.1% | 12.9% | €22.72 | €16.36 | n/a | 4 |
| Dec ’24 | €14.50 | €18.43 +27.1% | 20.7% | €23.62 | €13.23 | n/a | 4 |
| Nov ’24 | €14.50 | €18.43 +27.1% | 20.7% | €23.62 | €13.23 | €20.40 | 4 |
| Oct ’24 | €14.50 | €18.20 +25.5% | 20.1% | €23.04 | €12.90 | €19.10 | 4 |
| Sep ’24 | €14.50 | €18.20 +25.5% | 20.1% | €23.04 | €12.90 | €18.90 | 4 |
| Aug ’24 | €14.60 | €17.37 +19.0% | 20.7% | €22.27 | €12.47 | €18.60 | 4 |
| Jul ’24 | €13.70 | €17.64 +28.8% | 21.5% | €22.91 | €12.83 | €17.00 | 4 |
| Jun ’24 | €12.00 | €17.94 +49.5% | 21.5% | €23.31 | €13.05 | €15.70 | 4 |
| May ’24 | €12.50 | €17.55 +40.4% | 21.5% | €22.79 | €12.76 | €16.00 | 4 |
| Apr ’24 | €12.80 | €17.87 +39.6% | 21.5% | €23.21 | €13.00 | €16.00 | 4 |
| Mar ’24 | €14.20 | €18.25 +28.5% | 21.5% | €23.70 | €13.27 | €16.00 | 4 |
| Feb ’24 | €14.00 | €17.85 +27.5% | 19.7% | €23.49 | €13.15 | €16.00 | 5 |
| Jan ’24 | €12.70 | €18.07 +42.3% | 20.1% | €23.53 | €13.18 | €14.50 | 5 |
| Dec ’23 | €14.60 | €19.37 +32.7% | 17.9% | €24.22 | €14.53 | €14.50 | 5 |
| Nov ’23 | €13.70 | €20.07 +46.5% | 17.9% | €25.09 | €15.05 | €14.50 | 5 |
Analyst Forecast: Target price is lower than the current share price.
Discover undervalued companies
Safestore Holdings
UK£1.6b
Safestore is the UK's largest self storage group with 190 stores on 31 October 2023, comprising 133 wholly owned stores in the UK (including 73 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool, Sheffield, Leeds, Newcastle, and Bristol), 29 wholly owned stores in the Paris region, 11 stores in Spain, 11 stores in the Netherlands and 6 stores in Belgium.
IHF
UK£8.85
7D
-5.3%
1Y
0.6%
Allied Properties Real Estate Investment Trust
CA$2.5b
Allied is a leading owner-operator of distinctive urban workspace in Canada's major cities.
5G8
CA$12.43
7D
2.6%
1Y
6.4%
Office Properties Income Trust
US$63.6m
OPI is a national REIT focused on owning and leasing high quality office and mixed-use properties in select growth-oriented U.S.
GOKA
US$1.05
7D
8.4%
1Y
-77.6%