First Rock Real Estate Investments Limited

JMSE:FIRSTROCKJMD Stock Report

Market Cap: JA$2.9b

First Rock Real Estate Investments Valuation

Is FIRSTROCKJMD 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-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

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

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

Key Valuation Metric

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

Key metric: As FIRSTROCKJMD is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for FIRSTROCKJMD. This is calculated by dividing FIRSTROCKJMD's market cap by their current book value.
What is FIRSTROCKJMD's PB Ratio?
PB Ratio0.5x
BookUS$34.08m
Market CapUS$18.15m

Price to Book Ratio vs Peers

How does FIRSTROCKJMD's PB Ratio compare to its peers?

The above table shows the PB ratio for FIRSTROCKJMD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average0.9x
SML Stanley Motta
0.6xn/aJA$4.9b
PJAM Pan Jamaica Group
1xn/aJA$74.6b
SMWN SM Wirtschaftsberatungs
1.6xn/a€23.5m
TPLP TPL Properties
0.6xn/aPK₨4.7b
FIRSTROCKJMD First Rock Real Estate Investments
0.5xn/aJA$2.9b

Price-To-Book vs Peers: FIRSTROCKJMD is good value based on its Price-To-Book Ratio (0.5x) compared to the peer average (0.9x).

Price to Book Ratio vs Industry

How does FIRSTROCKJMD's PB Ratio compare vs other companies in the South American Real Estate Industry?

3 CompaniesPrice / BookEstimated GrowthMarket Cap
FIRSTROCKJMD 0.5xIndustry Avg. 0.8xNo. of Companies7PB00.61.21.82.43+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: FIRSTROCKJMD is good value based on its Price-To-Book Ratio (0.5x) compared to the South American Real Estate industry average (0.8x).

Price to Book Ratio vs Fair Ratio

What is FIRSTROCKJMD's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FIRSTROCKJMD PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.5x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate FIRSTROCKJMD's Price-To-Book 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