Home Invest Belgium S.A.

LSE:0NGP Stock Report

Market Cap: €314.5m

Home Invest Belgium Valuation

Is 0NGP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 0NGP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0NGP (€15.98) is trading below our estimate of fair value (€17.82)

Significantly Below Fair Value: 0NGP 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 0NGP?

Key metric: As 0NGP is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0NGP. This is calculated by dividing 0NGP's market cap by their current earnings.
What is 0NGP's PE Ratio?
PE Ratio5x
Earnings€62.59m
Market Cap€314.55m

Price to Earnings Ratio vs Peers

How does 0NGP's PE Ratio compare to its peers?

The above table shows the PE ratio for 0NGP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.5x
SOHO Triple Point Social Housing REIT
9.5x27.0%UK£244.3m
HOME Home Reit
6.3xn/aUK£300.8m
ESP Empiric Student Property
10.9x22.6%UK£582.9m
UTG Unite Group
15.2x16.8%UK£4.1b
0NGP Home Invest Belgium
5x-42.7%€314.5m

Price-To-Earnings vs Peers: 0NGP is good value based on its Price-To-Earnings Ratio (5x) compared to the peer average (11.9x).

Price to Earnings Ratio vs Industry

How does 0NGP's PE Ratio compare vs other companies in the European Residential REITs Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
0NGP 5.0xIndustry Avg. 26.5xNo. of Companies5PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0NGP is good value based on its Price-To-Earnings Ratio (5x) compared to the Global Residential REITs industry average (26.5x).

Price to Earnings Ratio vs Fair Ratio

What is 0NGP'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.

0NGP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 0NGP'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?

The above table shows the analyst 0NGP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€15.98
€19.50
+22.0%
7.7%€21.00€18.00n/a2
Nov ’25€17.02
€19.50
+14.6%
7.7%€21.00€18.00n/a2
Oct ’25€18.92
€19.25
+1.7%
6.5%€20.50€18.00n/a2
Sep ’25n/a
€19.25
0%
6.5%€20.50€18.00n/a2
Aug ’25n/a
€19.25
0%
6.5%€20.50€18.00n/a2
Jul ’25€17.20
€19.25
+11.9%
6.5%€20.50€18.00n/a2
Jun ’25€18.26
€19.25
+5.4%
6.5%€20.50€18.00n/a2
May ’25€16.54
€17.75
+7.3%
1.4%€18.00€17.50n/a2
Apr ’25€16.44
€17.75
+8.0%
1.4%€18.00€17.50n/a2
Mar ’25€14.82
€17.75
+19.8%
1.4%€18.00€17.50n/a2
Feb ’25€14.98
€17.75
+18.5%
1.4%€18.00€17.50n/a2
Jan ’25€15.50
€17.75
+14.5%
1.4%€18.00€17.50n/a2

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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