IMMOFINANZ Valuation
Is IIA undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
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 IIA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: IIA (PLN99.7) is trading below our estimate of fair value (PLN345.31)
Significantly Below Fair Value: IIA is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for IIA?
Other financial metrics that can be useful for relative valuation.
| What is IIA's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | €3.15b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 10.5x |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does IIA's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 2.9x | ||
GTC Globe Trade Centre | 4.1x | 2.2% | zł3.2b |
ECH Echo Investment | 1.2x | 3.5% | zł2.0b |
PHN Polski Holding Nieruchomosci | 0.9x | -5.0% | zł601.8m |
MLG MLP Group | 5.3x | 20.1% | zł1.9b |
IIA IMMOFINANZ | 4.3x | n/a | zł3.1b |
Price-To-Sales vs Peers: IIA is expensive based on its Price-To-Sales Ratio (4.3x) compared to the peer average (2.9x).
Price to Earnings Ratio vs Industry
How does IIA's PE Ratio compare vs other companies in the PL Real Estate Industry?
Price-To-Sales vs Industry: IIA is expensive based on its Price-To-Sales Ratio (4.3x) compared to the Polish Real Estate industry average (1.8x).
Price to Sales Ratio vs Fair Ratio
What is IIA'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.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 4.3x |
| Fair PS Ratio | n/a |
Price-To-Sales vs Fair Ratio: Insufficient data to calculate IIA'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?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | zł99.70 | zł88.34 -11.4% | 9.3% | zł96.53 | zł80.15 | n/a | 2 |
| Apr ’25 | zł94.80 | zł88.34 -6.8% | 9.3% | zł96.53 | zł80.15 | n/a | 2 |
| Nov ’24 | zł83.20 | zł77.22 -7.2% | 7.5% | zł83.02 | zł71.41 | n/a | 2 |
| Oct ’24 | zł83.70 | zł78.19 -6.6% | 7.3% | zł86.22 | zł74.17 | n/a | 3 |
| Sep ’24 | zł78.80 | zł68.21 -13.4% | 6.1% | zł71.18 | zł62.28 | n/a | 3 |
| Aug ’24 | n/a | zł68.21 0% | 6.1% | zł71.18 | zł62.28 | n/a | 3 |
| Jul ’24 | zł74.80 | zł63.29 -15.4% | 20.2% | zł72.33 | zł45.20 | n/a | 3 |
| Jun ’24 | zł70.00 | zł63.29 -9.6% | 20.2% | zł72.33 | zł45.20 | n/a | 3 |
| May ’24 | n/a | zł80.73 0% | 35.6% | zł126.37 | zł46.80 | n/a | 4 |
| Apr ’24 | zł54.45 | zł80.73 +48.3% | 35.6% | zł126.37 | zł46.80 | zł94.80 | 4 |
| Mar ’24 | n/a | zł80.99 0% | 32.6% | zł128.93 | zł47.75 | zł90.00 | 5 |
| Feb ’24 | zł58.30 | zł81.01 +39.0% | 35.8% | zł127.17 | zł47.10 | n/a | 4 |
| Jan ’24 | zł53.75 | zł87.07 +62.0% | 26.5% | zł127.35 | zł61.32 | zł90.80 | 5 |
| Dec ’23 | zł58.55 | zł87.07 +48.7% | 26.5% | zł127.35 | zł61.32 | zł82.30 | 5 |
| Nov ’23 | n/a | zł87.07 0% | 26.5% | zł127.35 | zł61.32 | zł83.20 | 5 |
| Oct ’23 | n/a | zł87.07 0% | 26.5% | zł127.35 | zł61.32 | zł83.70 | 5 |
| Sep ’23 | n/a | zł93.98 0% | 25.1% | zł128.02 | zł61.64 | zł78.80 | 5 |
| Aug ’23 | zł71.40 | zł94.38 +32.2% | 25.1% | zł128.57 | zł61.90 | n/a | 5 |
| Jul ’23 | n/a | zł102.25 0% | 16.8% | zł126.52 | zł74.04 | zł74.80 | 5 |
| Jun ’23 | zł98.55 | zł102.20 +3.7% | 15.9% | zł123.96 | zł73.46 | zł70.00 | 5 |
| May ’23 | zł105.70 | zł103.83 -1.8% | 17.1% | zł127.33 | zł67.91 | n/a | 6 |
| Apr ’23 | zł105.80 | zł106.05 +0.2% | 18.4% | zł123.78 | zł66.02 | zł54.45 | 6 |
Analyst Forecast: Target price is lower than the current share price.