Supermarket Income REIT plc

LSE:SUPR Stock Report

Market Cap: UK£853.7m

Supermarket Income REIT Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: SUPR (£0.69) is trading below our estimate of fair value (£0.9)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for SUPR. This is calculated by dividing SUPR's market cap by their current revenue.
What is SUPR's PS Ratio?
PS Ratio8x
SalesUK£107.23m
Market CapUK£853.67m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for SUPR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5.8x
HMSO Hammerson
6x2.3%UK£1.4b
NRR NewRiver REIT
4.4x-12.2%UK£286.3m
CAL Capital & Regional
2.3x-28.7%UK£146.5m
SHC Shaftesbury Capital
10.6x1.4%UK£2.4b
SUPR Supermarket Income REIT
8x5.3%UK£853.7m

Price-To-Sales vs Peers: SUPR is expensive based on its Price-To-Sales Ratio (8x) compared to the peer average (5.8x).

Price to Sales Ratio vs Industry

How does SUPR's PS Ratio compare vs other companies in the European Retail REITs Industry?

0 CompaniesPrice / SalesEstimated GrowthMarket Cap
SUPR 8.0xIndustry Avg. 5.7xNo. of Companies7PS03.26.49.612.816+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: SUPR is expensive based on its Price-To-Sales Ratio (8x) compared to the European Retail REITs industry average (5.7x).

Price to Sales Ratio vs Fair Ratio

What is SUPR'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.

SUPR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio8x
Fair PS Ratio13.1x

Price-To-Sales vs Fair Ratio: SUPR is good value based on its Price-To-Sales Ratio (8x) compared to the estimated Fair Price-To-Sales Ratio (13.1x).

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 SUPR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£0.69
UK£0.81
+18.5%
15.4%UK£1.00UK£0.60n/a6
Nov ’25UK£0.70
UK£0.82
+16.5%
13.9%UK£1.00UK£0.63n/a6
Oct ’25UK£0.76
UK£0.82
+8.8%
13.9%UK£1.00UK£0.63n/a6
Sep ’25UK£0.74
UK£0.82
+10.2%
15.1%UK£1.00UK£0.60n/a6
Aug ’25UK£0.76
UK£0.82
+8.2%
15.1%UK£1.00UK£0.60n/a6
Jul ’25UK£0.72
UK£0.82
+14.1%
15.1%UK£1.00UK£0.60n/a6
Jun ’25UK£0.75
UK£0.84
+12.5%
18.5%UK£1.10UK£0.60n/a6
May ’25UK£0.73
UK£0.84
+15.9%
18.5%UK£1.10UK£0.60n/a6
Apr ’25UK£0.78
UK£0.88
+13.8%
13.6%UK£1.10UK£0.75n/a6
Mar ’25UK£0.78
UK£0.91
+16.6%
15.6%UK£1.15UK£0.75n/a6
Feb ’25UK£0.79
UK£0.91
+15.8%
14.1%UK£1.15UK£0.75n/a7
Jan ’25UK£0.87
UK£0.89
+2.9%
15.0%UK£1.15UK£0.75n/a7
Dec ’24UK£0.83
UK£0.89
+7.4%
15.2%UK£1.15UK£0.75n/a7
Nov ’24UK£0.73
UK£0.95
+29.5%
17.1%UK£1.15UK£0.75UK£0.709
Oct ’24UK£0.76
UK£0.95
+25.0%
18.2%UK£1.15UK£0.75UK£0.768
Sep ’24UK£0.76
UK£1.02
+34.4%
21.7%UK£1.35UK£0.75UK£0.748
Aug ’24UK£0.75
UK£1.03
+36.6%
21.0%UK£1.35UK£0.75UK£0.768
Jul ’24UK£0.73
UK£1.04
+42.3%
19.7%UK£1.35UK£0.80UK£0.728
Jun ’24UK£0.80
UK£1.05
+31.3%
18.9%UK£1.35UK£0.83UK£0.758
May ’24UK£0.88
UK£1.07
+22.5%
15.6%UK£1.35UK£0.85UK£0.739
Apr ’24UK£0.87
UK£1.09
+25.6%
14.4%UK£1.35UK£0.85UK£0.789
Mar ’24UK£0.90
UK£1.09
+21.5%
14.3%UK£1.35UK£0.85UK£0.789
Feb ’24UK£0.97
UK£1.15
+18.8%
16.1%UK£1.38UK£0.85UK£0.799
Jan ’24UK£1.03
UK£1.17
+13.7%
14.1%UK£1.38UK£0.96UK£0.879
Dec ’23UK£1.06
UK£1.18
+11.6%
13.0%UK£1.38UK£0.96UK£0.839
Nov ’23UK£1.05
UK£1.20
+15.0%
13.0%UK£1.40UK£0.96UK£0.739

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

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