KMC Properties Valuation

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

Below Fair Value: KMCPO (NOK5.31) is trading above our estimate of fair value (NOK2.06)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for KMCPO. This is calculated by dividing KMCPO's market cap by their current revenue.
What is KMCPO's PS Ratio?
PS Ratio	5.5x
Sales	NOK 382.70m
Market Cap	NOK 2.10b

KMCPO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	14.3x
Enterprise Value/EBITDA	25x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for KMCPO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	6.9x
ASLI abrdn European Logistics Income	7.2x	n/a	UK£236.6m
PSDL Phoenix Spree Deutschland	6.9x	-13.0%	UK£159.8m
TPFG Property Franchise Group	6.7x	42.4%	UK£273.5m
CIC Conygar Investment	7x	n/a	UK£34.6m
KMCPO KMC Properties	5.5x	14.7%	NOK 2.1b

Price-To-Sales vs Peers: KMCPO is expensive based on its Price-To-Sales Ratio (5.5x) compared to the peer average (4.9x).

Price to Sales Ratio vs Industry

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

10 Companies	Price / Sales	Estimated Growth	Market Cap
IWG International Workplace Group	0.6x	6.1%	US$2.12b
ETLN Etalon Group	0.3x	10.5%	US$210.89m
WJG Watkin Jones	0.1x	1.6%	US$67.22m
RAV Raven Property Group	0.1x	-0.2%	US$23.74m

10 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: KMCPO is expensive based on its Price-To-Sales Ratio (5.5x) compared to the UK Real Estate industry average (2.9x).

Price to Sales Ratio vs Fair Ratio

What is KMCPO'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.

KMCPO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	5.5x
Fair PS Ratio	n/a

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