Next Re SIIQ Valuation

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

NR (€3.3) is trading above our estimate of [[fair value]] (€2.95)

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: NR (€3.3) is trading above our estimate of fair value (€2.95)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for NR. This is calculated by dividing NR's market cap by their current revenue.
What is NR's PS Ratio?
PS Ratio	11x
Sales	€6.59m
Market Cap	€72.56m

NR 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/Revenue	19.6x
Enterprise Value/EBITDA	54.7x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for NR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	9.3x
BRI Brioschi Sviluppo Immobiliare	2.7x	n/a	€39.7m
GAB Gabetti Property Solutions	0.2x	n/a	€26.5m
RN Risanamento	13x	n/a	€43.9m
HZY Homizy SIIQ	21.3x	n/a	€42.7m
NR Next Re SIIQ	11x	n/a	€72.6m

Price-To-Sales vs Peers: NR is expensive based on its Price-To-Sales Ratio (11x) compared to the peer average (9.3x).

Price to Sales Ratio vs Industry

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

63 Companies	Price / Sales	Estimated Growth	Market Cap

63 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: NR is expensive based on its Price-To-Sales Ratio (11x) compared to the European Real Estate industry average (4.8x).

Price to Sales Ratio vs Fair Ratio

What is NR'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.

NR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	11x
Fair PS Ratio	n/a

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