KMC Properties ASA

BATS-CHIXE:KMCPO Stock Report

Market Cap: NOK 2.1b

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 Ratio5.5x
SalesNOK 382.70m
Market CapNOK 2.10b

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.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average6x
ASLI abrdn European Logistics Income
7.3xn/aUK£240.7m
TPFG Property Franchise Group
6.3x42.4%UK£256.1m
PSDL Phoenix Spree Deutschland
6.6x-13.0%UK£152.9m
PNS Panther Securities
3.7xn/aUK£55.8m
KMCPO KMC Properties
5.5x14.7%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 CompaniesPrice / SalesEstimated GrowthMarket Cap
IWG International Workplace Group
0.5x3.2%US$2.02b
ETLN Etalon Group
0.3x10.5%US$210.89m
WJG Watkin Jones
0.1x1.6%US$64.62m
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: 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 Ratio5.5x
Fair PS Ration/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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/12/27 15:58
End of Day Share Price 2023/09/29 00:00
Earnings2023/09/30
Annual Earnings2022/12/31

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

KMC Properties ASA is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Simen MortensenDNB Markets
Christopher DegePareto Securities