Special Closed-Ended Type Real Estate Investment Company INVL BALTIC REAL ESTATE Valuation

Q: What is the Fair Price of INR1L when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

INR1L (€2.3) is trading below our estimate of [[fair value]] (€4.08)

Is INR1L undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

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 INR1L when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: INR1L (€2.3) is trading below our estimate of fair value (€4.08)

Significantly Below Fair Value: INR1L is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for INR1L?

Key metric: As INR1L is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for INR1L. This is calculated by dividing INR1L's market cap by their current earnings.
What is INR1L's PE Ratio?
PE Ratio	14.9x
Earnings	€1.25m
Market Cap	€18.70m

INR1L 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	9x
Enterprise Value/EBITDA	16.3x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does INR1L's PE Ratio compare to its peers?

The above table shows the PE ratio for INR1L vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	8.7x
INL1L AB INVL Baltic Farmland	7.4x	n/a	€19.9m
9916 Xingye Wulian Service Group	3.1x	n/a	HK$144.0m
LINKAB Link Prop Investment	20.4x	n/a	SEK 226.4m
LPLI Star Pacific	3.9x	n/a	Rp304.3b
INR1L Special Closed-Ended Type Real Estate Investment Company INVL BALTIC REAL ESTATE	14.9x	n/a	€18.7m

Price-To-Earnings vs Peers: INR1L is expensive based on its Price-To-Earnings Ratio (14.9x) compared to the peer average (8.7x).

Price to Earnings Ratio vs Industry

How does INR1L's PE Ratio compare vs other companies in the European Real Estate Industry?

24 Companies	Price / Earnings	Estimated Growth	Market Cap

24 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: INR1L is good value based on its Price-To-Earnings Ratio (14.9x) compared to the European Real Estate industry average (17.8x).

Price to Earnings Ratio vs Fair Ratio

What is INR1L'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.

INR1L PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	14.9x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate INR1L'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.