BASSAC Société anonyme Valuation

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

BASS (€46.3) is trading below our estimate of [[fair value]] (€84.43)

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: BASS (€46.3) is trading below our estimate of fair value (€84.43)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BASS. This is calculated by dividing BASS's market cap by their current earnings.
What is BASS's PE Ratio?
PE Ratio	15x
Earnings	€51.48m
Market Cap	€770.24m

BASS 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	1x
Enterprise Value/EBITDA	9.7x
PEG Ratio	0.5x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BASS 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	24.1x
NXI Nexity	12.5x	15.0%	€696.7m
CROS Crosswood	61.7x	n/a	€93.6m
ALSAS Stradim Espace Finances	8.7x	n/a	€20.3m
ORIA Fiducial Real Estate	13.5x	n/a	€427.3m
BASS BASSAC Société anonyme	15x	30.6%	€770.2m

Price-To-Earnings vs Peers: BASS is good value based on its Price-To-Earnings Ratio (15x) compared to the peer average (24.1x).

Price to Earnings Ratio vs Industry

How does BASS'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: BASS is good value based on its Price-To-Earnings Ratio (15x) compared to the European Real Estate industry average (17.8x).

Price to Earnings Ratio vs Fair Ratio

What is BASS'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.

BASS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	15x
Fair PE Ratio	16.6x

Price-To-Earnings vs Fair Ratio: BASS is good value based on its Price-To-Earnings Ratio (15x) compared to the estimated Fair Price-To-Earnings Ratio (16.6x).

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.