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Belvoir Group Valuation

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

BLV (£2.79) is trading below our estimate of [[fair value]] (£3.72)

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

Below Fair Value: BLV (£2.79) is trading below our estimate of fair value (£3.72)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BLV. This is calculated by dividing BLV's market cap by their current earnings.
What is BLV's PE Ratio?
PE Ratio	13.8x
Earnings	UK£7.54m
Market Cap	UK£104.05m

BLV 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	3x
Enterprise Value/EBITDA	10.4x
PEG Ratio	6.7x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BLV 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	22.8x
FOXT Foxtons Group	24.5x	33.2%	UK£177.5m
MTVW Mountview Estates	12.8x	n/a	UK£345.1m
LSL LSL Property Services	20.9x	28.2%	UK£268.5m
SVS Savills	33x	33.3%	UK£1.5b
BLV Belvoir Group	13.8x	2.1%	UK£104.1m

Price-To-Earnings vs Peers: BLV is good value based on its Price-To-Earnings Ratio (13.8x) compared to the peer average (18.9x).

Price to Earnings Ratio vs Industry

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

29 Companies	Price / Earnings	Estimated Growth	Market Cap

29 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: BLV is good value based on its Price-To-Earnings Ratio (13.8x) compared to the European Real Estate industry average (15.8x).

Price to Earnings Ratio vs Fair Ratio

What is BLV'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.

BLV PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	13.8x
Fair PE Ratio	15.9x

Price-To-Earnings vs Fair Ratio: BLV is good value based on its Price-To-Earnings Ratio (13.8x) compared to the estimated Fair Price-To-Earnings Ratio (15.9x).

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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