Zug Estates Holding Valuation

Q: What is the Fair Price of ZUGNZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

ZUGNZ (CHF1935) is trading above our estimate of [[fair value]] (CHF13.44)

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

Below Fair Value: ZUGNZ (CHF1935) is trading above our estimate of fair value (CHF13.44)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ZUGNZ. This is calculated by dividing ZUGNZ's market cap by their current earnings.
What is ZUGNZ's PE Ratio?
PE Ratio	19.6x
Earnings	CHF 50.42m
Market Cap	CHF 989.40m

ZUGNZ 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	19.4x
Enterprise Value/EBITDA	31.6x
PEG Ratio	-7.8x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ZUGNZ 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	18.5x
WINK M Winkworth	13.5x	11.5%	UK£25.2m
DAR Dar Global	16.4x	37.1%	US$811.9m
SVS Savills	32.7x	33.3%	UK£1.4b
SRE Sirius Real Estate	11.6x	18.0%	UK£1.3b
ZUGNZ Zug Estates Holding	19.6x	-2.5%	CHF 989.4m

Price-To-Earnings vs Peers: ZUGNZ is expensive based on its Price-To-Earnings Ratio (19.6x) compared to the peer average (18.5x).

Price to Earnings Ratio vs Industry

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

29 Companies	Price / Earnings	Estimated Growth	Market Cap

29 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: ZUGNZ is expensive based on its Price-To-Earnings Ratio (19.6x) compared to the European Real Estate industry average (18x).

Price to Earnings Ratio vs Fair Ratio

What is ZUGNZ'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.

ZUGNZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	19.6x
Fair PE Ratio	17.9x

Price-To-Earnings vs Fair Ratio: ZUGNZ is expensive based on its Price-To-Earnings Ratio (19.6x) compared to the estimated Fair Price-To-Earnings Ratio (17.9x).

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.

Discover undervalued companies

Aroundtown

€3.2b

Operates as a real estate company in Germany, the Netherlands, the United Kingdom, Belgium, and internationally.

0RUH

€2.86

4.8%

25.8%

UBM Development

€131.9m

Focuses on the development, management, and sale of real estate properties in Germany, Austria, Poland, and internationally.

0GD5

€17.90

-12.2%

VIB Vermögen

€229.4m

A real estate holding company, develops, buys, holds, rents, and manages commercial real estate properties in Germany.

VIH1D

€9.92

n/a