AEW UK REIT Valuation

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

AEWUL (£0.96) is trading below our estimate of [[fair value]] (£1.43)

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

Below Fair Value: AEWUL (£0.96) is trading below our estimate of fair value (£1.43)

Significantly Below Fair Value: AEWUL is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for AEWUL. This is calculated by dividing AEWUL's market cap by their current earnings.
What is AEWUL's PE Ratio?
PE Ratio	16.7x
Earnings	UK£9.05m
Market Cap	UK£150.66m

AEWUL 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	8.2x
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for AEWUL 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	45.7x
SREI Schroder Real Estate Investment Trust	82.7x	n/a	UK£249.4m
PCTN Picton Property Income	46.6x	40.4%	UK£379.1m
AIRE Alternative Income REIT	23.4x	n/a	UK£55.2m
UKCM UK Commercial Property REIT	29.9x	n/a	UK£947.3m
AEWUL AEW UK REIT	16.7x	n/a	UK£150.7m

Price-To-Earnings vs Peers: AEWUL is good value based on its Price-To-Earnings Ratio (16.7x) compared to the peer average (45.7x).

Price to Earnings Ratio vs Industry

How does AEWUL's PE Ratio compare vs other companies in the European REITs Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: AEWUL is good value based on its Price-To-Earnings Ratio (16.7x) compared to the European REITs industry average (22.8x).

Price to Earnings Ratio vs Fair Ratio

What is AEWUL'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.

AEWUL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	16.7x
Fair PE Ratio	n/a

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