Impact Developer & Contractor Valuation

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

Below Fair Value: IMP (RON0.2) is trading below our estimate of fair value (RON1.07)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for IMP. This is calculated by dividing IMP's market cap by their current revenue.
What is IMP's PS Ratio?
PS Ratio	2.3x
Sales	RON 202.22m
Market Cap	RON 472.99m

IMP 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	4.1x
Enterprise Value/EBITDA	-331x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for IMP 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	8.6x
ONE One United Properties	1.3x	2.0%	RON 1.9b
PRBU Practic	12.3x	n/a	RON 623.7m
SCDM S.C. Unirea Shopping Center	3.2x	n/a	RON 187.0m
FLAO S.C. Flaros	17.7x	n/a	RON 115.7m
IMP Impact Developer & Contractor	2.3x	n/a	RON 473.0m

Price-To-Sales vs Peers: IMP is good value based on its Price-To-Sales Ratio (2.3x) compared to the peer average (8.6x).

Price to Sales Ratio vs Industry

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

1 Company	Price / Sales	Estimated Growth	Market Cap
ONE One United Properties	1.3x	2.0%	US$398.89m

No more companies available in this PS range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: IMP is good value based on its Price-To-Sales Ratio (2.3x) compared to the RO Real Estate industry average (10.3x).

Price to Sales Ratio vs Fair Ratio

What is IMP'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.

IMP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	2.3x
Fair PS Ratio	n/a

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