HIAG Immobilien Holding AG

BATS-CHIXE:HIAGZ Stock Report

Market Cap: CHF 854.6m

HIAG Immobilien Holding Valuation

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

Below Fair Value: HIAGZ (CHF84.4) is trading above our estimate of fair value (CHF61.52)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for HIAGZ. This is calculated by dividing HIAGZ's market cap by their current earnings.
What is HIAGZ's PE Ratio?
PE Ratio14x
EarningsCHF 61.02m
Market CapCHF 854.60m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for HIAGZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average43.7x
SRE Sirius Real Estate
10.8x18.0%UK£1.2b
TPFG Property Franchise Group
33x54.9%UK£256.1m
GRI Grainger
53x39.0%UK£1.7b
PNS Panther Securities
78.2xn/aUK£56.7m
HIAGZ HIAG Immobilien Holding
14x7.1%CHF 854.6m

Price-To-Earnings vs Peers: HIAGZ is good value based on its Price-To-Earnings Ratio (14x) compared to the peer average (43.7x).

Price to Earnings Ratio vs Industry

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

31 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies31PE01632486480+
31 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HIAGZ is good value based on its Price-To-Earnings Ratio (14x) compared to the European Real Estate industry average (18.1x).

Price to Earnings Ratio vs Fair Ratio

What is HIAGZ'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.

HIAGZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14x
Fair PE Ratio20.7x

Price-To-Earnings vs Fair Ratio: HIAGZ is good value based on its Price-To-Earnings Ratio (14x) compared to the estimated Fair Price-To-Earnings Ratio (20.7x).

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 HIAGZ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 84.40
CHF 104.50
+23.8%
9.1%CHF 114.00CHF 95.00n/a2
Dec ’25CHF 82.20
CHF 104.50
+27.1%
9.1%CHF 114.00CHF 95.00n/a2
Nov ’25CHF 81.80
CHF 104.50
+27.8%
9.1%CHF 114.00CHF 95.00n/a2
Oct ’25CHF 82.70
CHF 104.50
+26.4%
9.1%CHF 114.00CHF 95.00n/a2
Sep ’25CHF 78.40
CHF 101.00
+28.8%
12.9%CHF 114.00CHF 88.00n/a2
Aug ’25CHF 74.80
CHF 101.00
+35.0%
12.9%CHF 114.00CHF 88.00n/a2
Jul ’25CHF 73.40
CHF 101.00
+37.6%
12.9%CHF 114.00CHF 88.00n/a2
Jun ’25CHF 73.60
CHF 101.00
+37.2%
12.9%CHF 114.00CHF 88.00n/a2
May ’25CHF 74.40
CHF 101.00
+35.8%
12.9%CHF 114.00CHF 88.00n/a2
Apr ’25CHF 79.00
CHF 101.00
+27.8%
12.9%CHF 114.00CHF 88.00n/a2
Mar ’25CHF 71.60
CHF 100.00
+39.7%
14.0%CHF 114.00CHF 86.00n/a2
Feb ’25CHF 75.00
CHF 100.00
+33.3%
14.0%CHF 114.00CHF 86.00n/a2
Jan ’25CHF 79.20
CHF 102.00
+28.8%
11.8%CHF 114.00CHF 90.00n/a2
Dec ’24CHF 78.50
CHF 102.00
+29.9%
11.8%CHF 114.00CHF 90.00CHF 82.202
Nov ’24CHF 77.20
CHF 102.00
+32.1%
11.8%CHF 114.00CHF 90.00CHF 81.802
Oct ’24CHF 78.80
CHF 102.00
+29.4%
11.8%CHF 114.00CHF 90.00CHF 82.702
Sep ’24CHF 76.00
CHF 96.67
+27.2%
13.1%CHF 114.00CHF 84.00CHF 78.403
Aug ’24CHF 75.40
CHF 96.67
+28.2%
13.1%CHF 114.00CHF 84.00CHF 74.803
Jul ’24CHF 75.20
CHF 96.67
+28.5%
13.1%CHF 114.00CHF 84.00CHF 73.403
Jun ’24CHF 78.20
CHF 96.67
+23.6%
13.1%CHF 114.00CHF 84.00CHF 73.603
May ’24CHF 82.60
CHF 96.67
+17.0%
13.1%CHF 114.00CHF 84.00CHF 74.403
Apr ’24CHF 79.80
CHF 94.67
+18.6%
15.7%CHF 114.00CHF 78.00CHF 79.003
Mar ’24CHF 80.40
CHF 96.00
+19.4%
15.3%CHF 114.00CHF 78.00CHF 71.603
Feb ’24CHF 83.40
CHF 96.00
+15.1%
15.3%CHF 114.00CHF 78.00CHF 75.003
Jan ’24CHF 81.80
CHF 96.00
+17.4%
15.3%CHF 114.00CHF 78.00CHF 79.203
Dec ’23CHF 81.40
CHF 96.00
+17.9%
15.3%CHF 114.00CHF 78.00CHF 78.503

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/24 01:37
End of Day Share Price 2024/12/23 00:00
Earnings2024/06/30
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

HIAG Immobilien Holding AG is covered by 7 analysts. 3 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
Andreas von ArxBaader Helvea Equity Research
Serge RotzerCredit Suisse