Town Centre Securities PLC

LSE:TOWN Stock Report

Mkt Cap: UK£75.7m

We’ve recently updated our valuation analysis.

Town Centre Securities Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

TOWN 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/Revenue8.5x
Enterprise Value/EBITDA22.5x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does TOWN's PE Ratio compare to its peers?

The above table shows the PE ratio for TOWN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average4.7x
AIRE Alternative Income REIT
4.3xn/aUK£57.2m
RLE Real Estate Investors
3.8xn/aUK£50.1m
EPIC Ediston Property Investment
6.6xn/aUK£140.7m
HCFT Highcroft Investments
4xn/aUK£48.6m
TOWN Town Centre Securities
6.9xn/aUK£75.7m

Price-To-Earnings vs Peers: TOWN is expensive based on its Price-To-Earnings Ratio (6.9x) compared to the peer average (4.7x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a24.5%
n/an/an/a

Price-To-Earnings vs Industry: TOWN is expensive based on its Price-To-Earnings Ratio (6.9x) compared to the UK REITs industry average (6.8x)


Price to Earnings Ratio vs Fair Ratio

What is TOWN'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.

TOWN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TOWN's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of TOWN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TOWN (£1.57) is trading above our estimate of fair value (£0.93)

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


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 TOWN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£1.57
UK£1.93
+23.0%
9.1%UK£2.10UK£1.75n/a2
Jan ’24UK£1.50
UK£1.93
+28.3%
9.1%UK£2.10UK£1.75n/a2
Dec ’23UK£1.64
UK£1.93
+17.7%
9.1%UK£2.10UK£1.75n/a2
Nov ’23UK£1.53
UK£2.08
+36.1%
8.4%UK£2.25UK£1.90n/a2
Oct ’23UK£1.52
UK£2.08
+37.0%
8.4%UK£2.25UK£1.90n/a2
Sep ’23UK£1.62
UK£2.08
+28.1%
8.4%UK£2.25UK£1.90n/a2
Aug ’23UK£1.75
UK£1.90
+8.9%
0%UK£1.90UK£1.90n/a1
Jul ’23UK£1.35
UK£2.08
+54.3%
1.2%UK£2.10UK£2.05n/a2
Jun ’23UK£1.50
UK£2.08
+38.8%
1.2%UK£2.10UK£2.05n/a2
May ’23UK£1.55
UK£2.08
+34.3%
1.2%UK£2.10UK£2.05n/a2
Apr ’23UK£1.55
UK£2.08
+34.3%
1.2%UK£2.10UK£2.05n/a2
Mar ’23UK£1.46
UK£1.90
+30.6%
5.3%UK£2.00UK£1.80n/a2
Feb ’23UK£1.62
UK£1.90
+17.3%
5.3%UK£2.00UK£1.80UK£1.652
Jan ’23UK£1.40
UK£1.97
+40.6%
8.4%UK£2.13UK£1.80UK£1.502
Dec ’22UK£1.33
UK£1.70
+27.8%
11.8%UK£1.90UK£1.50UK£1.642
Nov ’22UK£1.28
UK£1.63
+27.0%
7.7%UK£1.75UK£1.50UK£1.532
Oct ’22UK£1.36
UK£1.63
+19.5%
7.7%UK£1.75UK£1.50UK£1.522
Sep ’22UK£1.37
UK£1.63
+18.6%
7.7%UK£1.75UK£1.50UK£1.622
Aug ’22UK£1.40
UK£1.63
+16.5%
7.7%UK£1.75UK£1.50UK£1.752
Jul ’22UK£1.44
UK£1.63
+12.8%
7.7%UK£1.75UK£1.50UK£1.352
Jun ’22UK£1.33
UK£1.63
+22.6%
7.7%UK£1.75UK£1.50UK£1.502
May ’22UK£1.32
UK£1.63
+23.6%
7.7%UK£1.75UK£1.50UK£1.552
Apr ’22UK£1.35
UK£1.63
+20.8%
7.7%UK£1.75UK£1.50UK£1.552
Mar ’22UK£1.21
UK£1.63
+34.9%
7.7%UK£1.75UK£1.50UK£1.462
Feb ’22UK£1.17
UK£1.43
+21.8%
22.8%UK£1.75UK£1.10UK£1.622

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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