Conect Business Park S.A.

BVB:COEC Stock Report

Market Cap: RON 65.5m

Conect Business Park Valuation

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

Valuation Score

2/6

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

Below Fair Value: COEC (RON54) is trading above our estimate of fair value (RON3.74)

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


Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for COEC. This is calculated by dividing COEC's market cap by their current revenue.
What is COEC's PS Ratio?
PS Ratio3.8x
SalesRON 17.05m
Market CapRON 65.54m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for COEC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average9.2x
UNVR S.C. Univers
13.2xn/aRON 59.7m
MECE Mecanica Fina
3.8xn/aRON 80.8m
FLAO S.C. Flaros
17.7xn/aRON 115.7m
COCR S.C. Cocor
2.1xn/aRON 34.1m
COEC Conect Business Park
3.8xn/aRON 65.5m

Price-To-Sales vs Peers: COEC is good value based on its Price-To-Sales Ratio (3.8x) compared to the peer average (9.2x).


Price to Sales Ratio vs Industry

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

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
ONE One United Properties
1.1x11.4%US$327.89m
IMP Impact Developer & Contractor
2.2xn/aUS$95.53m
COCR S.C. Cocor
2.1xn/aUS$7.24m
No more companies available in this PS range
COEC 3.8xIndustry Avg. 10.5xNo. of Companies6PS01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: COEC is good value based on its Price-To-Sales Ratio (3.8x) compared to the RO Real Estate industry average (10.5x).


Price to Sales Ratio vs Fair Ratio

What is COEC'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.

COEC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.8x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate COEC'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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