First Property Group plc

AIM:FPO Stock Report

Market Cap: UK£21.8m

First Property Group Valuation

Is FPO 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: FPO (£0.15) is trading above our estimate of fair value (£0)

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


Key Valuation Metric

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

Key metric: As FPO is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for FPO. This is calculated by dividing FPO's market cap by their current revenue.
What is FPO's PS Ratio?
PS Ratio2.8x
SalesUK£7.82m
Market CapUK£21.81m

Price to Sales Ratio vs Peers

How does FPO's PS Ratio compare to its peers?

The above table shows the PS ratio for FPO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average11.6x
WINK M Winkworth
2.5x7.4%UK£25.2m
CDFF Cardiff Property
30.9xn/aUK£25.4m
WSP Wynnstay Properties
6.9xn/aUK£19.1m
ALSP Ace Liberty & Stone
6xn/aUK£33.7m
FPO First Property Group
2.8xn/aUK£21.8m

Price-To-Sales vs Peers: FPO is good value based on its Price-To-Sales Ratio (2.8x) compared to the peer average (11.6x).


Price to Sales Ratio vs Industry

How does FPO's PS Ratio compare vs other companies in the GB Real Estate Industry?

10 CompaniesPrice / SalesEstimated GrowthMarket Cap
IWG International Workplace Group
0.5x3.2%US$1.98b
ETLN Etalon Group
0.3x10.5%US$210.89m
WJG Watkin Jones
0.1x1.6%US$62.17m
RAV Raven Property Group
0.1x-0.2%US$23.74m
FPO 2.8xIndustry Avg. 4.3xNo. of Companies10PS02.44.87.29.612+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: FPO is good value based on its Price-To-Sales Ratio (2.8x) compared to the UK Real Estate industry average (4.3x).


Price to Sales Ratio vs Fair Ratio

What is FPO's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FPO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.8x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate FPO's Price-To-Sales 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.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/25 19:56
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

First Property Group plc is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David Paul St. JohnsonAllenby Capital Limited
Alison WatsonArden Partners Plc.