PT City Retail Developments Tbk

IDX:NIRO Stock Report

Market Cap: Rp2.9t

City Retail Developments Valuation

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

Below Fair Value: Insufficient data to calculate NIRO's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate NIRO's fair value for valuation analysis.


Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for NIRO. This is calculated by dividing NIRO's market cap by their current revenue.
What is NIRO's PS Ratio?
PS Ratio2.3x
SalesRp1.25t
Market CapRp2.89t

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for NIRO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average6.7x
MMLP Mega Manunggal Property
8.8xn/aRp3.3t
RDTX Roda Vivatex
7.4xn/aRp3.9t
POLI Pollux Hotels Group
4.2xn/aRp1.6t
PLIN Plaza Indonesia Realty
6.5xn/aRp8.9t
NIRO City Retail Developments
2.3xn/aRp2.9t

Price-To-Sales vs Peers: NIRO is good value based on its Price-To-Sales Ratio (2.3x) compared to the peer average (6.7x).


Price to Sales Ratio vs Industry

How does NIRO's PS Ratio compare vs other companies in the ID Real Estate Industry?

12 CompaniesPrice / SalesEstimated GrowthMarket Cap
LPKR Lippo Karawaci
0.6x-35.7%US$500.11m
ASRI Alam Sutera Realty
0.8x5.1%US$195.59m
APLN Agung Podomoro Land
0.7xn/aUS$145.87m
DILD Intiland Development
0.7xn/aUS$111.67m
NIRO 2.3xIndustry Avg. 3.0xNo. of Companies13PS03.26.49.612.816+
12 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: NIRO is good value based on its Price-To-Sales Ratio (2.3x) compared to the ID Real Estate industry average (3x).


Price to Sales Ratio vs Fair Ratio

What is NIRO'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.

NIRO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.3x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate NIRO's Price-To-Sales 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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