Novavest Real Estate Valuation

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

Below Fair Value: NRENZ (CHF34.4) is trading above our estimate of fair value (CHF18.27)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for NRENZ. This is calculated by dividing NRENZ's market cap by their current earnings.
What is NRENZ's PE Ratio?
PE Ratio	135x
Earnings	CHF 2.61m
Market Cap	CHF 351.91m

NRENZ 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	30.6x
Enterprise Value/EBITDA	33.4x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for NRENZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	44.8x
TPFG Property Franchise Group	35.2x	54.9%	UK£273.5m
SRE Sirius Real Estate	11.8x	9.6%	UK£1.3b
PNS Panther Securities	77x	n/a	UK£55.8m
GRI Grainger	55.3x	40.8%	UK£1.7b
NRENZ Novavest Real Estate	135x	n/a	CHF 351.9m

Price-To-Earnings vs Peers: NRENZ is expensive based on its Price-To-Earnings Ratio (135x) compared to the peer average (44.9x).

Price to Earnings Ratio vs Industry

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

22 Companies	Price / Earnings	Estimated Growth	Market Cap

22 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: NRENZ is expensive based on its Price-To-Earnings Ratio (135x) compared to the European Real Estate industry average (18.2x).

Price to Earnings Ratio vs Fair Ratio

What is NRENZ'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.

NRENZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	135x
Fair PE Ratio	n/a

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

Analyst Forecast: Insufficient data to show price forecast.

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