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 Ratio	3.8x
Sales	RON 17.05m
Market Cap	RON 65.54m

COEC 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	7.5x
Enterprise Value/EBITDA	15.8x
PEG Ratio	n/a

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.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	9.2x
UNVR S.C. Univers	13.2x	n/a	RON 59.7m
MECE Mecanica Fina	3.8x	n/a	RON 80.8m
FLAO S.C. Flaros	17.7x	n/a	RON 115.7m
COCR S.C. Cocor	2.1x	n/a	RON 34.1m
COEC Conect Business Park	3.8x	n/a	RON 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 Companies	Price / Sales	Estimated Growth	Market Cap
ONE One United Properties	1.1x	11.4%	US$327.89m
IMP Impact Developer & Contractor	2.2x	n/a	US$95.53m
COCR S.C. Cocor	2.1x	n/a	US$7.24m

No more companies available in this PS range

3 Companies		Estimated Growth	Market 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 Ratio	3.8x
Fair PS Ratio	n/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.