Prime Office Valuation

Q: What is the Fair Price of PRIMOF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

PRIMOF (DKK172) is trading below our estimate of [[fair value]] (DKK659.41)

Is PRIMOF undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: PRIMOF (DKK172) is trading below our estimate of fair value (DKK659.41)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for PRIMOF. This is calculated by dividing PRIMOF's market cap by their current earnings.
What is PRIMOF's PE Ratio?
PE Ratio	13.9x
Earnings	DKK 46.65m
Market Cap	DKK 649.32m

PRIMOF key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	15.9x
Enterprise Value/EBITDA	24.9x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PRIMOF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	14.8x
FED Fast Ejendom Danmark	5.2x	n/a	DKK 305.0m
CEMAT Cemat	26.7x	n/a	DKK 262.3m
SWISS Swiss Properties Invest	12.9x	n/a	DKK 192.0m
SIG Scandinavian Investment Group	14.2x	n/a	DKK 152.2m
PRIMOF Prime Office	13.9x	n/a	DKK 649.3m

Price-To-Earnings vs Peers: PRIMOF is good value based on its Price-To-Earnings Ratio (13.9x) compared to the peer average (14.8x).

Price to Earnings Ratio vs Industry

How does PRIMOF's PE Ratio compare vs other companies in the European Real Estate Industry?

23 Companies	Price / Earnings	Estimated Growth	Market Cap

23 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: PRIMOF is good value based on its Price-To-Earnings Ratio (13.9x) compared to the European Real Estate industry average (17.8x).

Price to Earnings Ratio vs Fair Ratio

What is PRIMOF'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.

PRIMOF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	13.9x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate PRIMOF'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?

Analyst Forecast: Insufficient data to show price forecast.