Unibail-Rodamco-Westfield SE

LSE:0YO9 Stock Report

Market Cap: €11.6b

Unibail-Rodamco-Westfield Valuation

Is 0YO9 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 0YO9 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€84.83
Fair Value
4.0% undervalued intrinsic discount
14
Number of Analysts

Below Fair Value: 0YO9 (€81.4) is trading below our estimate of fair value (€84.83)

Significantly Below Fair Value: 0YO9 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 0YO9?

Key metric: As 0YO9 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0YO9. This is calculated by dividing 0YO9's market cap by their current earnings.
What is 0YO9's PE Ratio?
PE Ratio79.4x
Earnings€146.20m
Market Cap€11.61b

Price to Earnings Ratio vs Peers

How does 0YO9's PE Ratio compare to its peers?

The above table shows the PE ratio for 0YO9 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average35.7x
SHC Shaftesbury Capital
61.7x28.4%UK£2.3b
NRR NewRiver REIT
24.8x48.2%UK£342.3m
SGRO SEGRO
16.1x19.7%UK£9.6b
LAND Land Securities Group
40.2x26.9%UK£4.3b
0YO9 Unibail-Rodamco-Westfield
79.4x46.6%€11.6b

Price-To-Earnings vs Peers: 0YO9 is expensive based on its Price-To-Earnings Ratio (79.4x) compared to the peer average (35.7x).

Price to Earnings Ratio vs Industry

How does 0YO9's PE Ratio compare vs other companies in the European Retail REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0YO9 79.4xIndustry Avg. 19.2xNo. of Companies6PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0YO9 is expensive based on its Price-To-Earnings Ratio (79.4x) compared to the European Retail REITs industry average (19.2x).

Price to Earnings Ratio vs Fair Ratio

What is 0YO9'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.

0YO9 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio79.4x
Fair PE Ratio24x

Price-To-Earnings vs Fair Ratio: 0YO9 is expensive based on its Price-To-Earnings Ratio (79.4x) compared to the estimated Fair Price-To-Earnings Ratio (24x).

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 0YO9 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€81.40
€90.09
+10.7%
14.9%€128.00€77.00n/a14
Feb ’26€80.60
€86.80
+7.7%
14.3%€117.00€65.00n/a14
Jan ’26€72.23
€85.73
+18.7%
14.7%€117.00€65.00n/a14
Dec ’25€77.67
€84.01
+8.2%
14.1%€117.00€65.00n/a14
Nov ’25€75.54
€83.51
+10.6%
14.1%€113.00€65.00n/a15
Oct ’25€78.40
€81.65
+4.1%
15.6%€113.00€55.00n/a15
Sep ’25€72.42
€79.12
+9.3%
21.5%€117.00€40.00n/a14
Aug ’25€69.35
€78.98
+13.9%
20.8%€117.00€40.00n/a15
Jul ’25€74.53
€79.25
+6.3%
20.7%€117.00€40.00n/a15
Jun ’25€80.28
€77.38
-3.6%
20.2%€111.00€40.00n/a15
May ’25€78.48
€77.38
-1.4%
20.2%€111.00€40.00n/a15
Apr ’25€74.51
€72.80
-2.3%
22.8%€107.00€40.00n/a15
Mar ’25€68.16
€69.07
+1.3%
24.3%€101.00€40.00n/a15
Feb ’25€65.27
€66.54
+2.0%
23.1%€95.50€40.00€80.6015
Jan ’25€67.06
€61.30
-8.6%
23.0%€95.50€40.00€72.2315
Dec ’24€58.90
€59.03
+0.2%
22.3%€95.50€40.00€77.6715
Nov ’24€46.53
€57.03
+22.6%
23.6%€95.50€40.00€75.5415
Oct ’24€46.55
€55.67
+19.6%
24.5%€95.50€40.00€78.4015
Sep ’24€48.75
€55.67
+14.2%
24.7%€95.50€40.00€72.4215
Aug ’24€51.16
€56.40
+10.3%
25.7%€95.50€40.00€69.3515
Jul ’24€48.10
€55.67
+15.7%
24.6%€95.50€40.00€74.5315
Jun ’24€42.44
€55.53
+30.8%
24.5%€95.50€40.00€80.2815
May ’24€47.24
€55.53
+17.5%
24.5%€95.50€40.00€78.4815
Apr ’24€49.17
€57.67
+17.3%
24.3%€95.50€40.00€74.5115
Mar ’24€58.24
€57.69
-1.0%
23.8%€95.50€40.00€68.1616
Feb ’24€58.39
€55.69
-4.6%
23.5%€93.50€40.00€65.2716
Analyst Price Target
Consensus Narrative from 14 Analysts
€90.09
Fair Value
9.6% undervalued intrinsic discount
14
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/21 16:51
End of Day Share Price 2025/02/20 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Unibail-Rodamco-Westfield SE is covered by 43 analysts. 9 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.
Pierre-Yves GauthierAlphaValue
Aaron GuyBarclays