Inbest Prime II Inmuebles SOCIMI Valuation

Q: What is the Fair Price of YINB2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

YINB2 (€0.92) is trading above our estimate of [[fair value]] (€0.03)

Is YINB2 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of YINB2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: YINB2 (€0.92) is trading above our estimate of fair value (€0.03)

Significantly Below Fair Value: YINB2 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for YINB2?

Key metric: As YINB2 barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for YINB2. This is calculated by dividing YINB2's market cap by their current book value.
What is YINB2's PB Ratio?
PB Ratio	1x
Book	€22.57m
Market Cap	€22.79m

YINB2 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	7571.5x
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does YINB2's PB Ratio compare to its peers?

The above table shows the PB ratio for YINB2 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	1.4x
YPARK Inmobiliaria Park Rose Iberoamericana SOCIMI	1.5x	n/a	€26.8m
YNUM Numulae Gestión de Servicios SOCIMI	1.5x	n/a	€27.8m
YGCS Galil Capital RE Spain SOCIMI	0.7x	n/a	€27.4m
YINM Inmofam 99 SOCIMI	1.9x	n/a	€28.1m
YINB2 Inbest Prime II Inmuebles SOCIMI	1x	n/a	€22.8m

Price-To-Book vs Peers: YINB2 is good value based on its Price-To-Book Ratio (1x) compared to the peer average (1.4x).

Price to Book Ratio vs Industry

How does YINB2's PB Ratio compare vs other companies in the ES Real Estate Industry?

1 Company	Price / Book	Estimated Growth	Market Cap
MON Mobiliaria Monesa	0.1x	n/a	US$1.87m

No more companies available in this PB range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: YINB2 is expensive based on its Price-To-Book Ratio (1x) compared to the Spanish Real Estate industry average (1x).

Price to Book Ratio vs Fair Ratio

What is YINB2's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

YINB2 PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	1x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate YINB2's Price-To-Book 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.

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