Lar España Real Estate SOCIMI, S.A.

BME:LRE Stock Report

Market Cap: €684.1m

Lar España Real Estate SOCIMI Valuation

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

Below Fair Value: LRE (€8.18) is trading above our estimate of fair value (€6.16)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for LRE. This is calculated by dividing LRE's market cap by their current earnings.
What is LRE's PE Ratio?
PE Ratio28.5x
Earnings€23.98m
Market Cap€684.12m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for LRE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.8x
YORE Olimpo Real Estate SOCIMI
27.7xn/a€194.6m
YTRI Trivium Real Estate SOCIMI
17.3xn/a€210.7m
GGC General de Galerías Comerciales SOCIMI
30.1xn/a€3.7b
YMEI Mercal Inmuebles Socimi
24.2xn/a€45.8m
LRE Lar España Real Estate SOCIMI
28.5x20.9%€684.1m

Price-To-Earnings vs Peers: LRE is expensive based on its Price-To-Earnings Ratio (28.5x) compared to the peer average (24.8x).

Price to Earnings Ratio vs Industry

How does LRE's PE Ratio compare vs other companies in the European Retail REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
LRE 28.5xIndustry Avg. 22.5xNo. of Companies4PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: LRE is expensive based on its Price-To-Earnings Ratio (28.5x) compared to the European Retail REITs industry average (22.5x).

Price to Earnings Ratio vs Fair Ratio

What is LRE'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.

LRE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.5x
Fair PE Ratio41.9x

Price-To-Earnings vs Fair Ratio: LRE is good value based on its Price-To-Earnings Ratio (28.5x) compared to the estimated Fair Price-To-Earnings Ratio (41.9x).

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 LRE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€8.18
€8.15
-0.4%
7.1%€8.70€6.90n/a6
Nov ’25€8.23
€8.21
-0.2%
6.8%€8.70€6.90n/a7
Oct ’25€8.10
€8.30
+2.5%
7.0%€8.90€6.90n/a8
Sep ’25€8.02
€8.30
+3.5%
7.0%€8.90€6.90n/a8
Aug ’25€8.10
€8.30
+2.5%
7.0%€8.90€6.90n/a8
Jul ’25€6.90
€8.09
+17.2%
8.4%€8.90€6.90n/a8
Jun ’25€7.04
€7.80
+10.8%
9.8%€8.70€6.58n/a8
May ’25€6.83
€7.75
+13.4%
9.5%€8.70€6.58n/a8
Apr ’25€7.22
€7.56
+4.7%
8.9%€8.70€6.58n/a8
Mar ’25€6.45
€7.56
+17.2%
8.9%€8.70€6.58n/a8
Feb ’25€6.19
€7.56
+22.2%
8.9%€8.70€6.58n/a8
Jan ’25€6.15
€7.56
+22.9%
8.9%€8.70€6.58n/a8
Dec ’24€6.14
€7.56
+23.1%
8.9%€8.70€6.58n/a8
Nov ’24€5.40
€7.60
+40.8%
9.3%€8.60€6.58€8.237
Oct ’24€5.54
€7.74
+39.7%
9.9%€8.80€6.58€8.106
Sep ’24€5.83
€7.74
+32.7%
9.9%€8.80€6.58€8.026
Aug ’24€5.91
€7.74
+30.9%
9.9%€8.80€6.58€8.106
Jul ’24€5.46
€7.59
+38.9%
8.0%€8.20€6.58€6.905
Jun ’24€5.06
€7.55
+49.1%
8.9%€8.20€6.38€7.045
May ’24€5.13
€7.65
+49.0%
10.9%€8.65€6.38€6.835
Apr ’24€4.93
€7.65
+55.2%
10.9%€8.65€6.38€7.225
Mar ’24€5.30
€7.65
+44.3%
10.9%€8.65€6.38€6.455
Feb ’24€4.60
€7.61
+65.4%
9.9%€8.65€6.84€6.194
Jan ’24€4.23
€7.55
+78.6%
10.9%€8.65€6.60€6.154
Dec ’23€4.41
€7.55
+71.3%
10.9%€8.65€6.60€6.144
Nov ’23€3.96
€7.55
+90.6%
10.9%€8.65€6.60€5.404

Analyst Forecast: Target price is lower than the current share price.

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