Eastnine AB (publ)

BATS-CHIXE:EASTS Stock Report

Market Cap: SEK 4.2b

Eastnine Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: EASTS (SEK44.64) is trading above our estimate of fair value (SEK0.24)

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


Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for EASTS. This is calculated by dividing EASTS's market cap by their current revenue.
What is EASTS's PS Ratio?
PS Ratio10.2x
Sales€36.43m
Market Cap€369.98m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for EASTS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average6.4x
TPFG Property Franchise Group
6.7x42.4%UK£273.5m
ASLI abrdn European Logistics Income
7.1xn/aUK£235.8m
PSDL Phoenix Spree Deutschland
6.8x-13.0%UK£158.9m
SRE Sirius Real Estate
5x-4.0%UK£1.3b
EASTS Eastnine
10.2x7.4%SEK 4.2b

Price-To-Sales vs Peers: EASTS is expensive based on its Price-To-Sales Ratio (10.2x) compared to the peer average (6.7x).


Price to Sales Ratio vs Industry

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

10 CompaniesPrice / SalesEstimated GrowthMarket Cap
IWG International Workplace Group
0.6x6.1%US$2.10b
ETLN Etalon Group
0.3x10.5%US$210.89m
WJG Watkin Jones
0.1x1.6%US$69.36m
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: EASTS is expensive based on its Price-To-Sales Ratio (10.2x) compared to the UK Real Estate industry average (4.1x).


Price to Sales Ratio vs Fair Ratio

What is EASTS'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.

EASTS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio10.2x
Fair PS Ration/a

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