Brack Capital Properties N.V

TASE:BCNV-M Stock Report

Market Cap: ₪2.2b

Brack Capital Properties Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: BCNV-M (₪287.5) is trading below our estimate of fair value (₪357.48)

Significantly Below Fair Value: BCNV-M is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BCNV-M?

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

The above table shows the Price to Sales ratio for BCNV-M. This is calculated by dividing BCNV-M's market cap by their current revenue.
What is BCNV-M's PS Ratio?
PS Ratio7.7x
Sales€73.22m
Market Cap€563.17m

Price to Sales Ratio vs Peers

How does BCNV-M's PS Ratio compare to its peers?

The above table shows the PS ratio for BCNV-M vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average6.8x
GCT G City
1.1xn/a₪2.8b
VILR Villar International
8.8xn/a₪3.0b
MGOR Mega Or Holdings
9xn/a₪3.9b
HRON Hiron-Trade Investments & Industrial Buildings
8.4xn/a₪987.8m
BCNV-M Brack Capital Properties
7.7xn/a₪2.2b

Price-To-Sales vs Peers: BCNV-M is expensive based on its Price-To-Sales Ratio (7.7x) compared to the peer average (6.8x).

Price to Sales Ratio vs Industry

How does BCNV-M's PS Ratio compare vs other companies in the IL Real Estate Industry?

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
NSTR Norstar Holdings
0.3xn/aUS$238.01m
AVIV Mordechai Aviv Taasiot Beniyah (1973)
0.7xn/aUS$68.31m
MSHR Mishorim Real Estate Investments
0.5xn/aUS$66.59m
CILO Cielo-Blu Group
0.5xn/aUS$43.00m
BCNV-M 7.7xIndustry Avg. 4.3xNo. of Companies9PS03.26.49.612.816+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: BCNV-M is expensive based on its Price-To-Sales Ratio (7.7x) compared to the IL Real Estate industry average (4.3x).

Price to Sales Ratio vs Fair Ratio

What is BCNV-M'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.

BCNV-M PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio7.7x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate BCNV-M'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.

Discover undervalued companies

G City

₪2.8b

Through its subsidiaries, owns, develops, manages, and operates supermarket-anchored urban shopping centers and retail-based mixed-use properties in Israel, North America, Brazil, and Northern and Central Europe.

GCT

₪15.30

7D

7.0%

1Y

25.7%

Lodzia Real Estate

₪104.7m

Engages in the acquisition, development, enhancement, operation, rental, and management of real estate properties in Israel and internationally.

LODZ

₪25.68

7D

0%

1Y

9.0%

Polygon Real Estate

₪217.4m

Operates in real estate investment business in Israel.

POLY

₪42.23

7D

2.9%

1Y

34.2%