Sirius Real Estate Limited

BATS-CHIXE:SREL Stock Report

Market Cap: UK£1.3b

Sirius Real Estate Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: SREL (£0.86) is trading above our estimate of fair value (£0.45)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SREL. This is calculated by dividing SREL's market cap by their current earnings.
What is SREL's PE Ratio?
PE Ratio11.8x
Earnings€131.60m
Market Cap€1.55b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SREL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average50.1x
GRI Grainger
55.3x40.8%UK£1.7b
TPFG Property Franchise Group
35.2x54.9%UK£273.5m
PNS Panther Securities
77xn/aUK£55.8m
SVS Savills
33.1x33.3%UK£1.5b
SREL Sirius Real Estate
11.8x9.6%UK£1.3b

Price-To-Earnings vs Peers: SREL is good value based on its Price-To-Earnings Ratio (11.8x) compared to the peer average (50.1x).

Price to Earnings Ratio vs Industry

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

22 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies30PE01224364860+
22 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SREL is good value based on its Price-To-Earnings Ratio (11.8x) compared to the European Real Estate industry average (18.2x).

Price to Earnings Ratio vs Fair Ratio

What is SREL'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.

SREL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.8x
Fair PE Ratio22.4x

Price-To-Earnings vs Fair Ratio: SREL is good value based on its Price-To-Earnings Ratio (11.8x) compared to the estimated Fair Price-To-Earnings Ratio (22.4x).

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 SREL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£0.86
UK£1.17
+36.1%
3.4%UK£1.25UK£1.14n/a5
Nov ’25UK£0.89
UK£1.19
+33.8%
3.2%UK£1.25UK£1.15n/a5
Oct ’25UK£0.97
UK£1.18
+22.0%
2.5%UK£1.22UK£1.15n/a5
Sep ’25UK£0.97
UK£1.19
+21.9%
2.5%UK£1.22UK£1.15n/a5
Aug ’25UK£0.95
UK£1.18
+23.5%
2.0%UK£1.20UK£1.15n/a5
Jul ’25UK£0.94
UK£1.19
+26.9%
3.5%UK£1.26UK£1.15n/a4
Jun ’25UK£0.97
UK£1.15
+17.9%
7.6%UK£1.25UK£1.01n/a4
May ’25UK£0.98
UK£1.16
+18.6%
7.5%UK£1.25UK£1.02n/a4
Apr ’25UK£0.98
UK£1.15
+18.2%
7.7%UK£1.25UK£1.01n/a4
Mar ’25UK£0.89
UK£1.15
+30.1%
7.7%UK£1.25UK£1.01n/a4
Feb ’25UK£0.89
UK£1.15
+29.4%
7.7%UK£1.25UK£1.01n/a4
Jan ’25UK£0.94
UK£1.14
+20.6%
9.0%UK£1.29UK£1.01n/a4
Dec ’24UK£0.89
UK£1.14
+28.5%
9.0%UK£1.30UK£1.02n/a4
Nov ’24UK£0.81
UK£1.18
+45.3%
6.1%UK£1.24UK£1.06UK£0.894
Oct ’24UK£0.86
UK£1.17
+35.9%
6.3%UK£1.24UK£1.05UK£0.974
Sep ’24UK£0.87
UK£1.17
+34.1%
6.2%UK£1.23UK£1.05UK£0.974
Aug ’24UK£0.82
UK£1.17
+42.7%
6.2%UK£1.23UK£1.05UK£0.954
Jul ’24UK£0.85
UK£1.10
+28.6%
9.5%UK£1.22UK£0.95UK£0.944
Jun ’24UK£0.83
UK£1.11
+33.6%
9.1%UK£1.20UK£0.95UK£0.974
May ’24UK£0.80
UK£1.12
+39.9%
9.7%UK£1.22UK£0.96UK£0.984
Apr ’24UK£0.77
UK£1.13
+47.2%
9.8%UK£1.23UK£0.96UK£0.984
Mar ’24UK£0.82
UK£1.14
+39.0%
10.2%UK£1.25UK£0.96UK£0.894
Feb ’24UK£0.84
UK£1.14
+34.9%
10.4%UK£1.24UK£0.96UK£0.894
Jan ’24UK£0.74
UK£1.15
+53.7%
11.2%UK£1.24UK£0.93UK£0.944
Dec ’23UK£0.81
UK£1.12
+38.4%
12.8%UK£1.23UK£0.88UK£0.894
Nov ’23UK£0.71
UK£1.10
+54.7%
12.2%UK£1.22UK£0.88UK£0.814

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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