alstria office REIT-AG

LSE:0O9Q Stock Report

Market Cap: €1.4b

alstria office REIT-AG Valuation

Is 0O9Q 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0O9Q when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0O9Q (€7.66) is trading above our estimate of fair value (€7.5)

Significantly Below Fair Value: 0O9Q is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0O9Q?

Key metric: As 0O9Q is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 0O9Q. This is calculated by dividing 0O9Q's market cap by their current revenue.
What is 0O9Q's PS Ratio?
PS Ratio5.7x
Sales€240.21m
Market Cap€1.37b

Price to Sales Ratio vs Peers

How does 0O9Q's PS Ratio compare to its peers?

The above table shows the PS ratio for 0O9Q vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average6x
GPE Great Portland Estates
7.8x3.2%UK£1.2b
WKP Workspace Group
5.1x-1.9%UK£949.9m
GWI Globalworth Real Estate Investments
3.2xn/a€744.0m
DLN Derwent London
8x-1.4%UK£2.2b
0O9Q alstria office REIT-AG
5.7x-1.5%€1.4b

Price-To-Sales vs Peers: 0O9Q is good value based on its Price-To-Sales Ratio (5.7x) compared to the peer average (6x).

Price to Sales Ratio vs Industry

How does 0O9Q's PS Ratio compare vs other companies in the European Office REITs Industry?

1 CompanyPrice / SalesEstimated GrowthMarket Cap
0O9Q 5.7xIndustry Avg. 7.8xNo. of Companies3PS048121620+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 0O9Q is good value based on its Price-To-Sales Ratio (5.7x) compared to the European Office REITs industry average (7.8x).

Price to Sales Ratio vs Fair Ratio

What is 0O9Q's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0O9Q PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.7x
Fair PS Ratio5x

Price-To-Sales vs Fair Ratio: 0O9Q is expensive based on its Price-To-Sales Ratio (5.7x) compared to the estimated Fair Price-To-Sales Ratio (5x).

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 0O9Q forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€7.66
€7.30
-4.7%
2.7%€7.50€7.10n/a2
Dec ’25€7.08
€7.30
+3.1%
2.7%€7.50€7.10n/a2
Nov ’25€6.74
€5.45
-19.1%
37.6%€7.50€3.40n/a2
Oct ’25€5.96
€5.45
-8.6%
37.6%€7.50€3.40n/a2
Sep ’25€3.52
€5.55
+57.7%
35.1%€7.50€3.60n/a2
Aug ’25€3.52
€5.55
+57.7%
35.1%€7.50€3.60n/a2
Jul ’25€3.38
€5.55
+64.2%
35.1%€7.50€3.60n/a2
Jun ’25€3.57
€5.55
+55.5%
35.1%€7.50€3.60n/a2
May ’25€3.65
€5.55
+52.1%
35.1%€7.50€3.60n/a2
Apr ’25€3.30
€5.55
+68.2%
35.1%€7.50€3.60n/a2
Mar ’25€3.64
€5.55
+52.5%
35.1%€7.50€3.60n/a2
Feb ’25€3.55
€5.55
+56.6%
35.1%€7.50€3.60n/a2
Jan ’25€3.66
€5.55
+51.8%
35.1%€7.50€3.60n/a2
Dec ’24€4.65
€5.55
+19.4%
35.1%€7.50€3.60€7.082
Nov ’24€3.50
€7.45
+112.6%
0.7%€7.50€7.40€6.742
Oct ’24€3.69
€7.45
+101.9%
0.7%€7.50€7.40€5.962
Sep ’24€4.75
€7.45
+56.8%
0.7%€7.50€7.40€3.522
Aug ’24€4.97
€13.70
+175.4%
46.0%€20.00€7.40€3.522
Jul ’24€4.99
€13.70
+174.5%
46.0%€20.00€7.40€3.382
Jun ’24€5.02
€13.70
+172.9%
46.0%€20.00€7.40€3.572
May ’24€5.89
€14.75
+150.4%
35.6%€20.00€9.50€3.652
Apr ’24€6.11
€14.75
+141.5%
35.6%€20.00€9.50€3.302
Mar ’24€7.52
€15.00
+99.6%
28.7%€20.00€9.50€3.643
Feb ’24€7.61
€15.00
+97.2%
28.7%€20.00€9.50€3.553
Jan ’24€7.79
€15.00
+92.6%
28.7%€20.00€9.50€3.663
Dec ’23€7.31
€15.00
+105.3%
28.7%€20.00€9.50€4.653

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 02:36
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

alstria office REIT-AG is covered by 23 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ruud Van MaanenABN AMRO Bank N.V.
Andre RemkeBaader Helvea Equity Research
Aaron GuyBarclays