Baltic Sea Properties Valuation

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

BALT (NOK49) is trading below our estimate of [[fair value]] (NOK265.79)

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: BALT (NOK49) is trading below our estimate of fair value (NOK265.79)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BALT. This is calculated by dividing BALT's market cap by their current earnings.
What is BALT's PE Ratio?
PE Ratio	10.5x
Earnings	NOK 40.48m
Market Cap	NOK 425.69m

BALT 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	10.8x
Enterprise Value/EBITDA	15.3x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BALT 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	36.6x
ROM RomReal	19.9x	n/a	NOK 114.2m
KMCP KMC Properties	0.9x	n/a	NOK 25.3m
VIEI Victoria Eiendom	69.1x	n/a	NOK 8.9b
EISP Eiendomsspar	56.4x	n/a	NOK 13.3b
BALT Baltic Sea Properties	10.5x	n/a	NOK 425.7m

Price-To-Earnings vs Peers: BALT is good value based on its Price-To-Earnings Ratio (10.5x) compared to the peer average (36.6x).

Price to Earnings Ratio vs Industry

How does BALT'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: BALT is good value based on its Price-To-Earnings Ratio (10.5x) compared to the European Real Estate industry average (18x).

Price to Earnings Ratio vs Fair Ratio

What is BALT'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.

BALT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	10.5x
Fair PE Ratio	n/a

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