Picton Property Income Limited

LSE:PCTN Stock Report

Market Cap: UK£398.7m

Picton Property Income Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: PCTN (£0.73) is trading below our estimate of fair value (£0.98)

Significantly Below Fair Value: PCTN is trading below fair value by more than 20%.

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

PCTN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue11.1x
Enterprise Value/EBITDA19.4x
PEG Ration/a

Price to Sales Ratio vs Peers

How does PCTN's PS Ratio compare to its peers?

The above table shows the PS ratio for PCTN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average9x
CREI Custodian Property Income REIT
7.9xn/aUK£365.9m
SREI Schroder Real Estate Investment Trust
9xn/aUK£256.3m
API abrdn Property Income Trust
7.1xn/aUK£233.3m
BCPT Balanced Commercial Property Trust
12x1.3%UK£668.6m
PCTN Picton Property Income
7.3x-10.0%UK£398.7m

Price-To-Sales vs Peers: PCTN is good value based on its Price-To-Sales Ratio (7.3x) compared to the peer average (9x).

Price to Earnings Ratio vs Industry

How does PCTN's PE Ratio compare vs other companies in the GB REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a34.5%
 n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a34.5%
 n/an/an/a
No more companies

Price-To-Sales vs Industry: PCTN is good value based on its Price-To-Sales Ratio (7.3x) compared to the European REITs industry average (8.4x).

Price to Sales Ratio vs Fair Ratio

What is PCTN'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.

PCTN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio7.3x
Fair PS Ratio5.2x

Price-To-Sales vs Fair Ratio: PCTN is expensive based on its Price-To-Sales Ratio (7.3x) compared to the estimated Fair Price-To-Sales Ratio (5.2x).

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 PCTN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£0.73
UK£0.85
+16.1%
5.9%UK£0.90UK£0.80n/a2
Oct ’25UK£0.75
UK£0.85
+13.2%
5.9%UK£0.90UK£0.80n/a2
Sep ’25UK£0.74
UK£0.85
+14.1%
5.9%UK£0.90UK£0.80n/a2
Aug ’25UK£0.74
UK£0.85
+14.1%
5.9%UK£0.90UK£0.80n/a2
Jul ’25UK£0.68
UK£0.85
+24.6%
5.9%UK£0.90UK£0.80n/a2
Jun ’25UK£0.67
UK£0.82
+22.6%
9.1%UK£0.90UK£0.75n/a2
May ’25UK£0.66
UK£0.82
+26.0%
9.1%UK£0.90UK£0.75n/a2
Apr ’25UK£0.65
UK£0.82
+26.5%
9.1%UK£0.90UK£0.75n/a2
Mar ’25UK£0.64
UK£0.82
+28.1%
9.1%UK£0.90UK£0.75n/a2
Feb ’25UK£0.66
UK£0.82
+25.0%
9.1%UK£0.90UK£0.75n/a2
Nov ’24UK£0.65
UK£0.88
+34.0%
14.3%UK£1.00UK£0.75n/a2
Oct ’24UK£0.68
UK£0.88
+28.1%
14.3%UK£1.00UK£0.75UK£0.752
Sep ’24UK£0.68
UK£0.90
+32.7%
11.1%UK£1.00UK£0.80UK£0.742
Aug ’24UK£0.71
UK£0.90
+26.6%
11.1%UK£1.00UK£0.80UK£0.742
Jul ’24UK£0.70
UK£0.90
+28.6%
11.1%UK£1.00UK£0.80UK£0.682
Jun ’24UK£0.76
UK£0.90
+18.7%
11.1%UK£1.00UK£0.80UK£0.672
May ’24UK£0.76
UK£0.90
+18.0%
11.1%UK£1.00UK£0.80UK£0.662
Apr ’24UK£0.69
UK£0.90
+29.9%
11.1%UK£1.00UK£0.80UK£0.652
Mar ’24UK£0.77
UK£0.90
+16.9%
11.1%UK£1.00UK£0.80UK£0.642
Feb ’24UK£0.81
UK£0.90
+11.8%
11.1%UK£1.00UK£0.80UK£0.662
Jan ’24UK£0.80
UK£0.97
+22.0%
2.6%UK£1.00UK£0.95UK£0.692
Dec ’23UK£0.87
UK£0.97
+12.5%
2.6%UK£1.00UK£0.95UK£0.652
Nov ’23UK£0.88
UK£0.97
+11.4%
2.6%UK£1.00UK£0.95UK£0.652
Oct ’23UK£0.85
UK£0.97
+14.2%
2.6%UK£1.00UK£0.95UK£0.682

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

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y