Aroundtown Valuation

Is AT1D undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 AT1D when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AT1D (€2.99) is trading below our estimate of fair value (€6.35)

Significantly Below Fair Value: AT1D is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for AT1D?

Key metric: As AT1D is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for AT1D. This is calculated by dividing AT1D's market cap by their current revenue.
What is AT1D's PS Ratio?
PS Ratio2.1x
Sales€1.48b
Market Cap€3.14b

Price to Sales Ratio vs Peers

How does AT1D's PS Ratio compare to its peers?

The above table shows the PS ratio for AT1D vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.3x
GRI Grainger
5.7x-23.5%UK£1.6b
IWG International Workplace Group
0.5x3.2%UK£1.6b
SRE Sirius Real Estate
4.6x-4.0%UK£1.2b
TPFG Property Franchise Group
6.3x42.4%UK£256.1m
AT1D Aroundtown
2.1x2.3%€3.1b

Price-To-Sales vs Peers: AT1D is good value based on its Price-To-Sales Ratio (2.1x) compared to the peer average (4.3x).


Price to Sales Ratio vs Industry

How does AT1D'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$63.49m
RAV Raven Property Group
0.1x-0.2%US$23.74m
No. of Companies10PS02.44.87.29.612+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: AT1D is good value based on its Price-To-Sales Ratio (2.1x) compared to the UK Real Estate industry average (4.3x).


Price to Sales Ratio vs Fair Ratio

What is AT1D'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.

AT1D PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.1x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate AT1D'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?

The above table shows the analyst AT1D forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
€2.98
0%
23.4%€4.20€1.70n/a16
Dec ’25€3.12
€2.72
-12.6%
23.8%€4.00€1.70n/a16
Nov ’25n/a
€2.65
0%
26.5%€4.00€1.60n/a16
Oct ’25€2.82
€2.49
-11.7%
28.9%€4.00€1.20n/a16
Sep ’25n/a
€2.31
0%
31.2%€3.60€1.20n/a16
Aug ’25€1.98
€2.30
+16.2%
30.8%€3.50€1.20n/a16
Jul ’25€1.93
€2.30
+19.5%
30.8%€3.50€1.20n/a16
Jun ’25n/a
€2.29
0%
31.1%€3.50€1.20n/a16
May ’25n/a
€2.33
0%
29.8%€3.50€1.20n/a15
Apr ’25€1.76
€2.37
+34.4%
28.6%€3.50€1.20n/a15
Mar ’25€1.70
€2.42
+42.3%
25.8%€3.50€1.20n/a16
Feb ’25n/a
€2.42
0%
25.8%€3.50€1.20n/a16
Jan ’25€2.46
€2.24
-8.8%
30.8%€3.50€1.20n/a16
Dec ’24n/a
€2.25
0%
31.8%€3.50€1.20€3.1216
Nov ’24n/a
€2.19
0%
36.9%€3.50€1.15n/a15
Oct ’24n/a
€2.11
0%
41.2%€3.50€1.00€2.8215
Sep ’24n/a
€2.17
0%
47.8%€4.50€1.00n/a15
Aug ’24n/a
€2.25
0%
45.4%€4.50€1.00€1.9815
Jul ’24n/a
€2.32
0%
41.9%€4.50€1.00€1.9316
Jun ’24€0.94
€2.59
+176.0%
42.4%€5.20€1.00n/a17
May ’24n/a
€2.74
0%
37.7%€5.20€1.00n/a16
Apr ’24€1.44
€3.13
+117.7%
50.4%€7.70€1.00€1.7616
Mar ’24€2.45
€3.42
+39.8%
42.8%€7.70€2.00€1.7017
Feb ’24€2.60
€3.42
+31.5%
42.8%€7.70€2.00n/a17
Jan ’24n/a
€3.63
0%
39.2%€7.70€2.00€2.4617
Dec ’23€2.64
€4.01
+51.6%
42.6%€7.90€2.00n/a17

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 11:03
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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

Aroundtown SA is covered by 26 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andre RemkeBaader Helvea Equity Research
Georg KandersBankhaus Lampe KG
Paul MayBarclays