Lar España Real Estate SOCIMI, S.A.

LSE:0QRL Stock Report

Market Cap: €684.1m

Lar España Real Estate SOCIMI Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: 0QRL (€8.17) is trading above our estimate of fair value (€6.09)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for 0QRL. This is calculated by dividing 0QRL's market cap by their current earnings.
What is 0QRL's PE Ratio?
PE Ratio28.5x
Earnings€23.98m
Market Cap€684.12m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for 0QRL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average60.1x
NRR NewRiver REIT
97.7x33.0%UK£292.7m
CAL Capital & Regional
69x47.8%UK£144.2m
SHC Shaftesbury Capital
66.7x30.4%UK£2.5b
THRL Target Healthcare REIT
7.1x3.4%UK£527.8m
0QRL Lar España Real Estate SOCIMI
28.5x20.9%€684.1m

Price-To-Earnings vs Peers: 0QRL is good value based on its Price-To-Earnings Ratio (28.5x) compared to the peer average (60.1x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0QRL 28.5xIndustry Avg. 22.7xNo. of Companies4PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0QRL is expensive based on its Price-To-Earnings Ratio (28.5x) compared to the European Retail REITs industry average (22.7x).

Price to Earnings Ratio vs Fair Ratio

What is 0QRL'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.

0QRL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.5x
Fair PE Ratio18.1x

Price-To-Earnings vs Fair Ratio: 0QRL is expensive based on its Price-To-Earnings Ratio (28.5x) compared to the estimated Fair Price-To-Earnings Ratio (18.1x).

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 0QRL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€8.18
€8.15
-0.4%
7.1%€8.70€6.90n/a6
Nov ’25€8.24
€8.21
-0.3%
6.8%€8.70€6.90n/a7
Oct ’25€8.10
€8.30
+2.5%
7.0%€8.90€6.90n/a8
Sep ’25€8.02
€8.30
+3.5%
7.0%€8.90€6.90n/a8
Aug ’25€8.10
€8.30
+2.5%
7.0%€8.90€6.90n/a8
Jul ’25€6.88
€8.09
+17.6%
8.4%€8.90€6.90n/a8
Jun ’25€7.04
€7.80
+10.8%
9.8%€8.70€6.58n/a8
May ’25€6.83
€7.75
+13.4%
9.5%€8.70€6.58n/a8
Apr ’25€7.22
€7.56
+4.7%
8.9%€8.70€6.58n/a8
Mar ’25€6.45
€7.56
+17.2%
8.9%€8.70€6.58n/a8
Feb ’25€6.15
€7.56
+23.0%
8.9%€8.70€6.58n/a8
Jan ’25€6.15
€7.56
+23.0%
8.9%€8.70€6.58n/a8
Dec ’24€6.14
€7.56
+23.1%
8.9%€8.70€6.58n/a8
Nov ’24€5.45
€7.60
+39.5%
9.3%€8.60€6.58€8.247
Oct ’24€5.54
€7.74
+39.7%
9.9%€8.80€6.58€8.106
Sep ’24€5.80
€7.74
+33.5%
9.9%€8.80€6.58€8.026
Aug ’24€5.89
€7.74
+31.4%
9.9%€8.80€6.58€8.106
Jul ’24€5.44
€7.59
+39.4%
8.0%€8.20€6.58€6.885
Jun ’24€5.06
€7.55
+49.1%
8.9%€8.20€6.38€7.045
May ’24€5.17
€7.65
+47.9%
10.9%€8.65€6.38€6.835
Apr ’24€4.88
€7.65
+56.7%
10.9%€8.65€6.38€7.225
Mar ’24€5.45
€7.65
+40.2%
10.9%€8.65€6.38€6.455
Feb ’24€4.61
€7.61
+65.0%
9.9%€8.65€6.84€6.154
Jan ’24€4.35
€7.55
+73.5%
10.9%€8.65€6.60€6.154
Dec ’23€4.54
€7.55
+66.1%
10.9%€8.65€6.60€6.144
Nov ’23€3.97
€7.55
+90.4%
10.9%€8.65€6.60€5.454

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

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