Stendörren Fastigheter Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: STEFBS (SEK176.8) is trading above our estimate of fair value (SEK90.79)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for STEFBS. This is calculated by dividing STEFBS's market cap by their current revenue.
What is STEFBS's PS Ratio?
PS Ratio	5.9x
Sales	SEK 854.00m
Market Cap	SEK 5.06b

STEFBS 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	13.9x
Enterprise Value/EBITDA	20.1x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for STEFBS 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	6.5x
TPFG Property Franchise Group	6.7x	42.4%	UK£273.5m
ASLI abrdn European Logistics Income	7.2x	n/a	UK£239.1m
PSDL Phoenix Spree Deutschland	6.9x	-13.0%	UK£159.3m
SRE Sirius Real Estate	5.1x	-4.4%	UK£1.3b
STEFBS Stendörren Fastigheter	5.9x	6.2%	SEK 5.1b

Price-To-Sales vs Peers: STEFBS is good value based on its Price-To-Sales Ratio (5.9x) compared to the peer average (10.1x).

Price to Sales Ratio vs Industry

How does STEFBS'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$2.11b
ETLN Etalon Group	0.3x	10.5%	US$210.89m
WJG Watkin Jones	0.1x	1.6%	US$67.97m
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: STEFBS is expensive based on its Price-To-Sales Ratio (5.9x) compared to the UK Real Estate industry average (3.8x).

Price to Sales Ratio vs Fair Ratio

What is STEFBS'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.

STEFBS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	5.9x
Fair PS Ratio	n/a

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