Urban Logistics REIT plc

BATS-CHIXE:SHEDL Stock Report

Market Cap: UK£495.6m

Urban Logistics REIT Valuation

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

Valuation Score

2/6

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

Below Fair Value: SHEDL (£1.05) is trading below our estimate of fair value (£1.13)

Significantly Below Fair Value: SHEDL is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SHEDL. This is calculated by dividing SHEDL's market cap by their current earnings.
What is SHEDL's PE Ratio?
PE Ratio27.3x
EarningsUK£18.12m
Market CapUK£495.57m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SHEDL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.1x
WHR Warehouse REIT
10.5x11.0%UK£359.9m
BBOX Tritax Big Box REIT
21.1x25.4%UK£3.3b
PRSR PRS REIT
6.1x0.8%UK£567.9m
ESP Empiric Student Property
10.6x22.6%UK£566.3m
SHEDL Urban Logistics REIT
27.3x54.6%UK£495.6m

Price-To-Earnings vs Peers: SHEDL is expensive based on its Price-To-Earnings Ratio (27.3x) compared to the peer average (12.1x).

Price to Earnings Ratio vs Industry

How does SHEDL's PE Ratio compare vs other companies in the Global Industrial REITs Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies10PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SHEDL is expensive based on its Price-To-Earnings Ratio (27.3x) compared to the Global Industrial REITs industry average (20.1x).

Price to Earnings Ratio vs Fair Ratio

What is SHEDL'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.

SHEDL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.3x
Fair PE Ratio25.6x

Price-To-Earnings vs Fair Ratio: SHEDL is expensive based on its Price-To-Earnings Ratio (27.3x) compared to the estimated Fair Price-To-Earnings Ratio (25.6x).

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 SHEDL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£1.05
UK£1.52
+45.0%
9.0%UK£1.70UK£1.36n/a4
Nov ’25UK£1.17
UK£1.53
+31.2%
8.0%UK£1.70UK£1.41n/a4
Oct ’25UK£1.26
UK£1.53
+21.4%
8.0%UK£1.70UK£1.41n/a4
Sep ’25UK£1.19
UK£1.53
+28.5%
8.0%UK£1.70UK£1.41n/a4
Aug ’25UK£1.25
UK£1.53
+22.6%
8.0%UK£1.70UK£1.41n/a4
Jul ’25UK£1.18
UK£1.53
+29.8%
8.0%UK£1.70UK£1.41n/a4
Jun ’25UK£1.19
UK£1.48
+24.5%
5.9%UK£1.60UK£1.41n/a3
May ’25UK£1.16
UK£1.48
+27.5%
5.9%UK£1.60UK£1.41n/a3
Apr ’25UK£1.15
UK£1.59
+38.8%
5.6%UK£1.70UK£1.48n/a3
Mar ’25UK£1.17
UK£1.59
+36.5%
5.6%UK£1.70UK£1.48n/a3
Feb ’25UK£1.24
UK£1.55
+24.8%
7.0%UK£1.70UK£1.42n/a4
Jan ’25UK£1.28
UK£1.56
+21.5%
7.2%UK£1.70UK£1.42n/a4
Dec ’24UK£1.19
UK£1.56
+31.3%
7.2%UK£1.70UK£1.42n/a4
Nov ’24UK£1.07
UK£1.65
+53.2%
5.7%UK£1.75UK£1.50UK£1.174
Oct ’24UK£1.10
UK£1.65
+49.5%
5.7%UK£1.75UK£1.50UK£1.264
Sep ’24UK£1.16
UK£1.65
+42.1%
5.7%UK£1.75UK£1.50UK£1.194
Aug ’24UK£1.21
UK£1.68
+39.3%
7.8%UK£1.85UK£1.50UK£1.254
Jul ’24UK£1.13
UK£1.65
+46.5%
9.3%UK£1.85UK£1.50UK£1.184
Jun ’24UK£1.36
UK£1.68
+23.8%
8.5%UK£1.85UK£1.50UK£1.193
May ’24UK£1.41
UK£1.68
+19.6%
8.5%UK£1.85UK£1.50UK£1.163
Apr ’24UK£1.28
UK£1.68
+32.0%
8.5%UK£1.85UK£1.50UK£1.153
Mar ’24UK£1.41
UK£1.68
+19.2%
8.5%UK£1.85UK£1.50UK£1.173
Feb ’24UK£1.42
UK£1.68
+18.5%
8.5%UK£1.85UK£1.50UK£1.243
Jan ’24UK£1.35
UK£1.82
+35.0%
9.7%UK£2.10UK£1.64UK£1.284
Dec ’23UK£1.40
UK£1.82
+30.2%
9.7%UK£2.10UK£1.64UK£1.194
Nov ’23UK£1.35
UK£1.85
+36.9%
8.9%UK£2.10UK£1.64UK£1.074

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

Discover undervalued companies

Big Yellow Group

UK£2.1b

Big Yellow is the UK's brand leader in self storage.

BYGL

UK£10.66

7D

-9.7%

1Y

-2.7%

Cofinimmo

€2.1b

Cofinimmo has been acquiring, developing and managing rental properties for 40 years.

0J3X

€55.07

7D

-3.1%

1Y

-14.8%

Xior Student Housing

€1.3b

Xior Student Housing NV is the first Belgian public regulated real estate company (RREC) specialising in the student housing segment in Belgium, the Netherlands, Spain, Portugal, Germany, Poland, Denmark and Sweden.

0RD8

€29.80

7D

-0.5%

1Y

-3.0%