CBo Territoria Valuation

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

CBOT (€3.55) is trading above our estimate of [[fair value]] (€0.22)

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: CBOT (€3.55) is trading above our estimate of fair value (€0.22)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CBOT. This is calculated by dividing CBOT's market cap by their current earnings.
What is CBOT's PE Ratio?
PE Ratio	9.9x
Earnings	€12.82m
Market Cap	€126.71m

CBOT 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	3.5x
Enterprise Value/EBITDA	10.8x
PEG Ratio	0.9x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CBOT 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	24x
CROS Crosswood	61.7x	n/a	€93.6m
ORIA Fiducial Real Estate	13.4x	n/a	€424.9m
NXI Nexity	12.1x	15.0%	€675.1m
ALSAS Stradim Espace Finances	8.7x	n/a	€20.3m
CBOT CBo Territoria	9.9x	10.4%	€126.7m

Price-To-Earnings vs Peers: CBOT is good value based on its Price-To-Earnings Ratio (9.9x) compared to the peer average (24.1x).

Price to Earnings Ratio vs Industry

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

24 Companies	Price / Earnings	Estimated Growth	Market Cap

24 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: CBOT is good value based on its Price-To-Earnings Ratio (9.9x) compared to the European Real Estate industry average (18x).

Price to Earnings Ratio vs Fair Ratio

What is CBOT'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.

CBOT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	9.9x
Fair PE Ratio	10.7x

Price-To-Earnings vs Fair Ratio: CBOT is good value based on its Price-To-Earnings Ratio (9.9x) compared to the estimated Fair Price-To-Earnings Ratio (10.7x).

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.