CTP N.V.

BATS-CHIXE:CTPNVA Stock Report

Market Cap: €7.2b

CTP Valuation

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

Below Fair Value: CTPNVA (€15.19) is trading above our estimate of fair value (€11.63)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CTPNVA. This is calculated by dividing CTPNVA's market cap by their current earnings.
What is CTPNVA's PE Ratio?
PE Ratio7.7x
Earnings€926.80m
Market Cap€7.18b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CTPNVA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average45x
SRE Sirius Real Estate
11.8x18.0%UK£1.3b
GRI Grainger
56x40.8%UK£1.7b
TPFG Property Franchise Group
35.2x54.9%UK£273.5m
PNS Panther Securities
77xn/aUK£55.8m
CTPNVA CTP
7.7x4.4%€7.2b

Price-To-Earnings vs Peers: CTPNVA is good value based on its Price-To-Earnings Ratio (7.7x) compared to the peer average (45x).

Price to Earnings Ratio vs Industry

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

29 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies33PE01632486480+
29 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CTPNVA is good value based on its Price-To-Earnings Ratio (7.7x) compared to the European Real Estate industry average (18.2x).

Price to Earnings Ratio vs Fair Ratio

What is CTPNVA'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.

CTPNVA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CTPNVA'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?

The above table shows the analyst CTPNVA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
€20.13
0%
10.3%€24.00€15.00n/a16
Nov ’25n/a
€20.55
0%
8.2%€24.00€18.50n/a15
Oct ’25€16.25
€20.29
+24.8%
8.7%€24.00€17.00n/a15
Sep ’25n/a
€19.53
0%
7.0%€21.30€17.00n/a15
Aug ’25n/a
€19.42
0%
6.5%€21.00€17.00n/a15
Jul ’25n/a
€19.42
0%
6.5%€21.00€17.00n/a15
Jun ’25n/a
€19.39
0%
6.3%€21.00€17.00n/a15
May ’25n/a
€18.63
0%
10.2%€21.00€14.30n/a15
Apr ’25€16.34
€18.29
+12.0%
9.1%€21.00€14.30n/a15
Mar ’25n/a
€16.95
0%
7.5%€19.00€14.30n/a15
Feb ’25n/a
€16.75
0%
8.7%€19.00€14.00n/a15
Jan ’25€15.38
€15.71
+2.1%
7.3%€17.60€13.80n/a15
Dec ’24n/a
€15.50
0%
8.1%€17.58€12.30n/a15
Nov ’24n/a
€15.21
0%
8.2%€17.58€12.00n/a15
Oct ’24n/a
€15.34
0%
6.4%€17.58€14.00€16.2515
Sep ’24n/a
€15.23
0%
6.5%€17.58€14.00n/a14
Aug ’24n/a
€15.20
0%
6.3%€17.58€14.00n/a13
Jul ’24€11.90
€15.28
+28.4%
6.6%€17.58€14.00n/a11
Jun ’24€12.14
€15.38
+26.7%
6.5%€17.58€14.00n/a11
May ’24€11.80
€15.21
+28.9%
7.6%€17.58€13.30n/a11
Apr ’24€11.88
€15.16
+27.6%
8.9%€17.60€12.50€16.3410
Mar ’24€12.78
€15.59
+22.0%
15.0%€20.00€12.50n/a11
Feb ’24€13.25
€15.57
+17.5%
15.6%€20.00€12.50n/a10
Jan ’24€11.08
€15.81
+42.7%
18.1%€20.39€11.00€15.3810
Dec ’23€10.44
€15.74
+50.8%
19.0%€20.39€11.00n/a9
Nov ’23€10.78
€16.89
+56.7%
12.8%€20.00€13.00n/a8

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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