KMC Properties Valuation

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

KMCP (NOK0.06) is trading below our estimate of [[fair value]] (NOK17.03)

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

Below Fair Value: KMCP (NOK0.06) is trading below our estimate of fair value (NOK17.03)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for KMCP. This is calculated by dividing KMCP's market cap by their current earnings.
What is KMCP's PE Ratio?
PE Ratio	0.9x
Earnings	NOK 26.20m
Market Cap	NOK 23.34m

KMCP 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	8.3x
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for KMCP 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	39x
ROM RomReal	20x	n/a	NOK 114.2m
BALT Baltic Sea Properties	10.5x	n/a	NOK 425.7m
VIEI Victoria Eiendom	69.1x	n/a	NOK 8.9b
EISP Eiendomsspar	56.4x	n/a	NOK 13.3b
KMCP KMC Properties	0.9x	n/a	NOK 23.3m

Price-To-Earnings vs Peers: KMCP is good value based on its Price-To-Earnings Ratio (0.9x) compared to the peer average (39x).

Price to Earnings Ratio vs Industry

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

24 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	18.0x	63.4%
KMCP KMC Properties	0.9x	n/a	US$2.11m

24 Companies		Estimated Growth	Market Cap
Industry Avg.	18.0x	63.4%
KMCP KMC Properties	0.9x	n/a	US$2.11m

No more companies

Price-To-Earnings vs Industry: KMCP is good value based on its Price-To-Earnings Ratio (0.9x) compared to the European Real Estate industry average (18x).

Price to Earnings Ratio vs Fair Ratio

What is KMCP'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.

KMCP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	0.9x
Fair PE Ratio	n/a

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