PSP Swiss Property Valuation
Is 0QO8 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
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 0QO8 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 0QO8 (CHF125.6) is trading above our estimate of fair value (CHF50.82)
Significantly Below Fair Value: 0QO8 is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 0QO8?
Key metric: As 0QO8 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is 0QO8's PE Ratio? | |
|---|---|
| PE Ratio | 21x |
| Earnings | CHF 278.19m |
| Market Cap | CHF 5.83b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 25.9x |
| Enterprise Value/EBITDA | 30.9x |
| PEG Ratio | -10.5x |
Price to Earnings Ratio vs Peers
How does 0QO8's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 45x | ||
GRI Grainger | 56x | 40.8% | UK£1.7b |
SRE Sirius Real Estate | 11.8x | 18.0% | UK£1.3b |
TPFG Property Franchise Group | 35.2x | 54.9% | UK£273.5m |
PNS Panther Securities | 77x | n/a | UK£55.8m |
0QO8 PSP Swiss Property | 21x | -2.0% | CHF 5.8b |
Price-To-Earnings vs Peers: 0QO8 is good value based on its Price-To-Earnings Ratio (21x) compared to the peer average (45x).
Price to Earnings Ratio vs Industry
How does 0QO8'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 | |
|---|---|---|---|
Price-To-Earnings vs Industry: 0QO8 is expensive based on its Price-To-Earnings Ratio (21x) compared to the European Real Estate industry average (18.1x).
Price to Earnings Ratio vs Fair Ratio
What is 0QO8'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 21x |
| Fair PE Ratio | 24.2x |
Price-To-Earnings vs Fair Ratio: 0QO8 is good value based on its Price-To-Earnings Ratio (21x) compared to the estimated Fair Price-To-Earnings Ratio (24.2x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | CHF 125.60 | CHF 131.70 +4.9% | 4.9% | CHF 148.00 | CHF 125.00 | n/a | 10 |
| Nov ’25 | CHF 123.50 | CHF 130.30 +5.5% | 5.9% | CHF 148.00 | CHF 117.00 | n/a | 10 |
| Oct ’25 | CHF 125.10 | CHF 128.20 +2.5% | 3.8% | CHF 135.00 | CHF 117.00 | n/a | 10 |
| Sep ’25 | CHF 123.50 | CHF 125.56 +1.7% | 4.5% | CHF 133.00 | CHF 115.00 | n/a | 9 |
| Aug ’25 | CHF 117.40 | CHF 123.44 +5.1% | 4.2% | CHF 130.00 | CHF 115.00 | n/a | 9 |
| Jul ’25 | CHF 115.20 | CHF 123.44 +7.2% | 4.2% | CHF 130.00 | CHF 115.00 | n/a | 9 |
| Jun ’25 | CHF 113.30 | CHF 124.25 +9.7% | 4.0% | CHF 130.00 | CHF 115.00 | n/a | 8 |
| May ’25 | CHF 114.05 | CHF 123.63 +8.4% | 3.9% | CHF 130.00 | CHF 115.00 | n/a | 8 |
| Apr ’25 | CHF 118.20 | CHF 122.38 +3.5% | 3.4% | CHF 128.00 | CHF 115.00 | n/a | 8 |
| Mar ’25 | CHF 113.31 | CHF 121.25 +7.0% | 5.9% | CHF 130.00 | CHF 105.00 | n/a | 8 |
| Feb ’25 | CHF 115.11 | CHF 120.63 +4.8% | 7.1% | CHF 130.00 | CHF 100.00 | n/a | 8 |
| Jan ’25 | CHF 117.60 | CHF 119.25 +1.4% | 7.1% | CHF 130.00 | CHF 100.00 | n/a | 8 |
| Dec ’24 | CHF 115.10 | CHF 116.57 +1.3% | 6.7% | CHF 128.00 | CHF 100.00 | n/a | 7 |
| Nov ’24 | CHF 110.85 | CHF 115.71 +4.4% | 7.1% | CHF 128.00 | CHF 100.00 | CHF 123.50 | 7 |
| Oct ’24 | CHF 107.40 | CHF 115.71 +7.7% | 7.1% | CHF 128.00 | CHF 100.00 | CHF 125.10 | 7 |
| Sep ’24 | CHF 107.00 | CHF 113.75 +6.3% | 7.5% | CHF 128.00 | CHF 100.00 | CHF 123.50 | 8 |
| Aug ’24 | CHF 102.95 | CHF 114.33 +11.1% | 7.0% | CHF 128.00 | CHF 100.00 | CHF 117.40 | 9 |
| Jul ’24 | CHF 100.51 | CHF 114.33 +13.8% | 7.0% | CHF 128.00 | CHF 100.00 | CHF 115.20 | 9 |
| Jun ’24 | CHF 97.29 | CHF 114.89 +18.1% | 7.4% | CHF 128.00 | CHF 100.00 | CHF 113.30 | 9 |
| May ’24 | CHF 105.11 | CHF 118.00 +12.3% | 7.8% | CHF 128.00 | CHF 100.00 | CHF 114.05 | 9 |
| Apr ’24 | CHF 103.40 | CHF 119.22 +15.3% | 6.7% | CHF 128.00 | CHF 100.00 | CHF 118.20 | 9 |
| Mar ’24 | CHF 105.02 | CHF 119.22 +13.5% | 6.7% | CHF 128.00 | CHF 100.00 | CHF 113.31 | 9 |
| Feb ’24 | CHF 113.90 | CHF 119.33 +4.8% | 6.7% | CHF 128.00 | CHF 100.00 | CHF 115.11 | 9 |
| Jan ’24 | CHF 108.50 | CHF 118.22 +9.0% | 6.6% | CHF 128.00 | CHF 100.00 | CHF 117.60 | 9 |
| Dec ’23 | CHF 105.50 | CHF 118.78 +12.6% | 6.5% | CHF 128.00 | CHF 100.00 | CHF 115.10 | 9 |
| Nov ’23 | CHF 106.70 | CHF 121.00 +13.4% | 8.0% | CHF 135.00 | CHF 100.00 | CHF 110.85 | 9 |
Analyst Forecast: Target price is less than 20% higher than the current share price.
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