Grit Real Estate Income Group Limited

MUSE:DEL.C0000 Stock Report

Market Cap: MU₨2.9b

Grit Real Estate Income Group Valuation

Is DEL.C0000 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-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 DEL.C0000 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DEL.C0000 (MUR7.5) is trading below our estimate of fair value (MUR7.69)

Significantly Below Fair Value: DEL.C0000 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 DEL.C0000?

Key metric: As DEL.C0000 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for DEL.C0000. This is calculated by dividing DEL.C0000's market cap by their current revenue.
What is DEL.C0000's PS Ratio?
PS Ratio0.9x
SalesUS$71.12m
Market CapUS$60.89m

Price to Sales Ratio vs Peers

How does DEL.C0000's PS Ratio compare to its peers?

The above table shows the PS ratio for DEL.C0000 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.6x
ASCE.N0000 Ascencia
4.8xn/aMU₨9.1b
LAVA.I0000 Lavastone
2.4xn/aMU₨932.3m
COVI.I0000 Compagnie des Villages de Vacances de L'Isle de France Limitée
4.8xn/aMU₨2.0b
CIMO.I0000 Compagnie Immobilière Limitée
6.5xn/aMU₨1.1b
DEL.C0000 Grit Real Estate Income Group
0.9xn/aMU₨48.5m

Price-To-Sales vs Peers: DEL.C0000 is good value based on its Price-To-Sales Ratio (0.9x) compared to the peer average (4.6x).

Price to Sales Ratio vs Industry

How does DEL.C0000's PS Ratio compare vs other companies in the African Real Estate Industry?

8 CompaniesPrice / SalesEstimated GrowthMarket Cap
DEL.C0000 0.9xIndustry Avg. 3.9xNo. of Companies8PS02.85.68.411.214+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: DEL.C0000 is good value based on its Price-To-Sales Ratio (0.9x) compared to the African Real Estate industry average (3.9x).

Price to Sales Ratio vs Fair Ratio

What is DEL.C0000'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.

DEL.C0000 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.9x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate DEL.C0000'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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