IMMOFINANZ AG

WSE:IIA Stock Report

Market Cap: zł9.1b

IMMOFINANZ Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • 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 (PLN66.1) is trading above our estimate of fair value (PLN59.07)

Significantly Below Fair Value: IIA is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for IIA. This is calculated by dividing IIA's market cap by their current revenue.
What is IIA's PS Ratio?
PS Ratio2.8x
Sales€754.45m
Market Cap€2.11b

Price to Sales Ratio vs Peers

How does IIA's PS Ratio compare to its peers?

The above table shows the PS ratio for IIA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.6x
GTC Globe Trade Centre
3.2x3.2%zł2.6b
ECH Echo Investment
1.1x12.2%zł1.9b
PHN Polski Holding Nieruchomosci
0.8x6.1%zł481.4m
DVL Develia
1.5x8.6%zł2.8b
IIA IMMOFINANZ
2.8x3.9%zł2.1b

Price-To-Sales vs Peers: IIA is expensive based on its Price-To-Sales Ratio (2.8x) compared to the peer average (1.6x).

Price to Sales Ratio vs Industry

How does IIA's PS Ratio compare vs other companies in the PL Real Estate Industry?

0 CompaniesPrice / SalesEstimated GrowthMarket Cap
No more companies available in this PS range
IIA 2.8xIndustry Avg. 1.5xNo. of Companies7PS01.63.24.86.48+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: IIA is expensive based on its Price-To-Sales Ratio (2.8x) compared to the Polish Real Estate industry average (1.5x).

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.

IIA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.8x
Fair PS Ration/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?

The above table shows the analyst IIA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
zł96.47
0%
0.2%zł96.69zł96.26n/a2
Nov ’25zł65.00
zł96.47
+48.4%
0.2%zł96.69zł96.26n/a2
Oct ’25zł76.40
zł96.47
+26.3%
0.2%zł96.69zł96.26n/a2
Sep ’25zł134.40
zł96.47
-28.2%
0.2%zł96.69zł96.26n/a2
Aug ’25zł117.00
zł97.14
-17.0%
0.2%zł97.36zł96.93n/a2
Jul ’25zł113.00
zł97.14
-14.0%
0.2%zł97.36zł96.93n/a2
Jun ’25zł100.40
zł88.34
-12.0%
9.3%zł96.53zł80.15n/a2
May ’25zł99.00
zł88.34
-10.8%
9.3%zł96.53zł80.15n/a2
Apr ’25zł94.80
zł88.34
-6.8%
9.3%zł96.53zł80.15n/a2
Nov ’24zł83.20
zł77.22
-7.2%
7.5%zł83.02zł71.41zł65.002
Oct ’24zł83.70
zł78.19
-6.6%
7.3%zł86.22zł74.17zł76.403
Sep ’24zł78.80
zł68.21
-13.4%
6.1%zł71.18zł62.28zł134.403
Aug ’24n/a
zł68.21
0%
6.1%zł71.18zł62.28zł117.003
Jul ’24zł74.80
zł63.29
-15.4%
20.2%zł72.33zł45.20zł113.003
Jun ’24zł70.00
zł63.29
-9.6%
20.2%zł72.33zł45.20zł100.403
May ’24n/a
zł80.73
0%
35.6%zł126.37zł46.80zł99.004
Apr ’24zł54.45
zł80.73
+48.3%
35.6%zł126.37zł46.80zł94.804
Mar ’24n/a
zł80.99
0%
32.6%zł128.93zł47.75zł90.005
Feb ’24zł58.30
zł81.01
+39.0%
35.8%zł127.17zł47.10n/a4
Jan ’24zł53.75
zł87.07
+62.0%
26.5%zł127.35zł61.32zł90.805
Dec ’23zł58.55
zł87.07
+48.7%
26.5%zł127.35zł61.32zł82.305
Nov ’23n/a
zł87.07
0%
26.5%zł127.35zł61.32zł83.205

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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