SEGRO Plc

LSE:SGRO Stock Report

Market Cap: UK£9.3b

SEGRO Valuation

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

Below Fair Value: SGRO (£6.83) is trading above our estimate of fair value (£4.43)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for SGRO. This is calculated by dividing SGRO's market cap by their current revenue.
What is SGRO's PS Ratio?
PS Ratio12.6x
SalesUK£734.00m
Market CapUK£9.34b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for SGRO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average8.2x
BBOX Tritax Big Box REIT
13.5x11.3%UK£3.3b
SHED Urban Logistics REIT
7.8x5.2%UK£481.0m
WHR Warehouse REIT
6.2x2.1%UK£331.0m
LAND Land Securities Group
5.4x-0.5%UK£4.3b
SGRO SEGRO
12.6x3.5%UK£9.3b

Price-To-Sales vs Peers: SGRO is expensive based on its Price-To-Sales Ratio (12.6x) compared to the peer average (8.2x).

Price to Sales Ratio vs Industry

How does SGRO's PS Ratio compare vs other companies in the Global Industrial REITs Industry?

1 CompanyPrice / SalesEstimated GrowthMarket Cap
SGRO 12.6xIndustry Avg. 8.5xNo. of Companies10PS048121620+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: SGRO is expensive based on its Price-To-Sales Ratio (12.6x) compared to the Global Industrial REITs industry average (8.5x).

Price to Sales Ratio vs Fair Ratio

What is SGRO'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.

SGRO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio12.6x
Fair PS Ratio17x

Price-To-Sales vs Fair Ratio: SGRO is good value based on its Price-To-Sales Ratio (12.6x) compared to the estimated Fair Price-To-Sales Ratio (17x).

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 SGRO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£6.83
UK£9.39
+37.4%
9.1%UK£11.02UK£8.00n/a16
Dec ’25UK£7.80
UK£9.70
+24.4%
9.4%UK£11.49UK£8.00n/a16
Nov ’25UK£7.84
UK£9.88
+25.9%
7.9%UK£11.49UK£8.60n/a12
Oct ’25UK£8.77
UK£9.83
+12.1%
8.1%UK£11.49UK£8.60n/a12
Sep ’25UK£8.71
UK£9.79
+12.4%
7.8%UK£11.49UK£8.49n/a17
Aug ’25UK£9.24
UK£9.77
+5.8%
7.9%UK£11.49UK£8.49n/a17
Jul ’25UK£8.91
UK£9.86
+10.6%
7.6%UK£11.49UK£8.49n/a17
Jun ’25UK£9.11
UK£9.75
+7.0%
7.7%UK£10.69UK£8.10n/a18
May ’25UK£8.51
UK£9.76
+14.6%
7.8%UK£10.80UK£8.10n/a18
Apr ’25UK£9.04
UK£9.57
+5.9%
9.1%UK£10.80UK£7.75n/a18
Mar ’25UK£8.63
UK£9.39
+8.8%
9.9%UK£10.69UK£7.75n/a18
Feb ’25UK£8.67
UK£9.12
+5.2%
12.4%UK£10.69UK£6.43n/a17
Jan ’25UK£8.86
UK£8.65
-2.4%
12.2%UK£10.50UK£6.43UK£7.0116
Dec ’24UK£8.23
UK£8.46
+2.8%
13.7%UK£10.50UK£5.80UK£7.8016
Nov ’24UK£7.09
UK£8.56
+20.7%
13.9%UK£10.50UK£5.80UK£7.8417
Oct ’24UK£7.19
UK£8.66
+20.3%
11.7%UK£10.50UK£6.43UK£8.7718
Sep ’24UK£7.26
UK£8.80
+21.2%
12.9%UK£10.50UK£6.08UK£8.7118
Aug ’24UK£7.55
UK£8.97
+18.9%
11.9%UK£10.50UK£6.08UK£9.2418
Jul ’24UK£7.17
UK£9.11
+27.1%
11.7%UK£10.54UK£6.50UK£8.9118
Jun ’24UK£8.06
UK£9.22
+14.4%
11.9%UK£11.20UK£6.50UK£9.1118
May ’24UK£8.35
UK£9.11
+9.1%
15.6%UK£11.20UK£5.23UK£8.5120
Apr ’24UK£7.68
UK£9.13
+19.0%
15.4%UK£11.20UK£5.23UK£9.0420
Mar ’24UK£8.03
UK£9.12
+13.6%
14.2%UK£11.20UK£5.23UK£8.6321
Feb ’24UK£8.50
UK£9.34
+9.8%
18.2%UK£13.88UK£5.23UK£8.6721
Jan ’24UK£7.64
UK£9.25
+21.2%
19.7%UK£13.88UK£5.23UK£8.8621

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/07 20:29
End of Day Share Price 2025/01/07 00:00
Earnings2024/06/30
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

SEGRO Plc is covered by 41 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Pierre-Yves GauthierAlphaValue
Aaron GuyBarclays
Paul MayBarclays