Trade Estates REIC

ATSE:TRESTATES Stock Report

Market Cap: €195.3m

Trade Estates REIC Valuation

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

Below Fair Value: TRESTATES (€1.61) is trading below our estimate of fair value (€2.91)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TRESTATES. This is calculated by dividing TRESTATES's market cap by their current earnings.
What is TRESTATES's PE Ratio?
PE Ratio5.2x
Earnings€37.28m
Market Cap€195.26m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TRESTATES vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.4x
INTERCO Intercontinental International Real Estate Investment
22.7xn/a€26.0m
TRASTOR Trastor Real Estate Investment Company
6.8xn/a€163.0m
NOVAL Noval Property Real Estate Investment
4.5xn/a€287.0m
ORILINA Orilina Properties REIC
15.5xn/a€121.6m
TRESTATES Trade Estates REIC
5.2xn/a€194.1m

Price-To-Earnings vs Peers: TRESTATES is good value based on its Price-To-Earnings Ratio (5.2x) compared to the peer average (12.4x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TRESTATES 5.2xIndustry Avg. 22.5xNo. of Companies4PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TRESTATES is good value based on its Price-To-Earnings Ratio (5.2x) compared to the European Retail REITs industry average (22.5x).

Price to Earnings Ratio vs Fair Ratio

What is TRESTATES'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.

TRESTATES PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.2x
Fair PE Ration/a

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

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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