Foncière Volta Valuation

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

SPEL (€7.3) is trading below our estimate of [[fair value]] (€14.25)

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: SPEL (€7.3) is trading below our estimate of fair value (€14.25)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SPEL. This is calculated by dividing SPEL's market cap by their current earnings.
What is SPEL's PE Ratio?
PE Ratio	72.9x
Earnings	€1.06m
Market Cap	€76.98m

SPEL 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	25.5x
Enterprise Value/EBITDA	-57.8x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SPEL 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	14.3x
ALEUA Eurasia Groupe	2.8x	n/a	€15.0m
MLPRI Societe Nationale de Propriete d'Immeubles	14.1x	n/a	€20.1m
MLAGP AGP Málaga Socimi	27x	n/a	€37.9m
ORIA Fiducial Real Estate	13.4x	n/a	€424.9m
SPEL Foncière Volta	72.9x	n/a	€77.0m

Price-To-Earnings vs Peers: SPEL is expensive based on its Price-To-Earnings Ratio (72.9x) compared to the peer average (14.3x).

Price to Earnings Ratio vs Industry

How does SPEL'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: SPEL is expensive based on its Price-To-Earnings Ratio (72.9x) compared to the European Real Estate industry average (18.1x).

Price to Earnings Ratio vs Fair Ratio

What is SPEL'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.

SPEL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	72.9x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SPEL'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.