One United Properties SA

BVB:ONE Stock Report

Market Cap: RON 1.7b

One United Properties Valuation

Is ONE 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-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ONE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ONE (RON0.46) is trading below our estimate of fair value (RON0.99)

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

Key Valuation Metric

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

Key metric: As ONE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ONE. This is calculated by dividing ONE's market cap by their current earnings.
What is ONE's PE Ratio?
PE Ratio4.5x
EarningsRON 383.87m
Market CapRON 1.75b

Price to Earnings Ratio vs Peers

How does ONE's PE Ratio compare to its peers?

The above table shows the PE ratio for ONE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average34.2x
PRBU Practic
20.5xn/aRON 623.7m
LCSI Lcs Imobiliar
20.3xn/aRON 22.9m
SCDM S.C. Unirea Shopping Center
58.7xn/aRON 192.5m
000014 Shahe Industrial
37.3xn/aCN¥2.7b
ONE One United Properties
4.5x15.2%RON 1.7b

Price-To-Earnings vs Peers: ONE is good value based on its Price-To-Earnings Ratio (4.5x) compared to the peer average (34.2x).

Price to Earnings Ratio vs Industry

How does ONE's PE Ratio compare vs other companies in the European Real Estate Industry?

22 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ONE 4.5xIndustry Avg. 18.2xNo. of Companies30PE01224364860+
22 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ONE is good value based on its Price-To-Earnings Ratio (4.5x) compared to the European Real Estate industry average (18.2x).

Price to Earnings Ratio vs Fair Ratio

What is ONE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ONE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ONE's Price-To-Earnings 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 ONE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRON 0.46
RON 1.04
+126.5%
19.4%RON 1.27RON 0.67n/a6
Nov ’25RON 0.49
RON 1.13
+130.1%
10.2%RON 1.27RON 0.97n/a5
Oct ’25RON 0.55
RON 1.13
+104.7%
10.2%RON 1.27RON 0.97n/a5
Sep ’25RON 0.65
RON 1.13
+75.0%
10.2%RON 1.27RON 0.97n/a5
Aug ’25RON 0.85
RON 1.20
+40.2%
8.0%RON 1.29RON 1.08n/a5
Jul ’25RON 0.88
RON 1.18
+33.6%
7.5%RON 1.29RON 1.08n/a5
Jun ’25RON 0.89
RON 1.15
+28.5%
6.5%RON 1.26RON 1.08n/a4
May ’25RON 0.87
RON 1.20
+37.2%
9.4%RON 1.38RON 1.08n/a5
Apr ’25RON 0.96
RON 1.20
+24.6%
9.4%RON 1.38RON 1.08n/a5
Mar ’25RON 1.00
RON 1.20
+20.1%
9.4%RON 1.38RON 1.08n/a5
Feb ’25RON 0.99
RON 1.20
+20.2%
9.4%RON 1.38RON 1.08n/a5
Jan ’25RON 0.99
RON 1.20
+21.1%
9.4%RON 1.38RON 1.08n/a5
Dec ’24RON 0.94
RON 1.18
+25.9%
8.3%RON 1.30RON 1.08n/a4
Nov ’24RON 0.99
RON 1.18
+19.0%
8.3%RON 1.30RON 1.08RON 0.494
Oct ’24RON 0.97
RON 1.18
+22.2%
8.3%RON 1.30RON 1.08RON 0.554
Sep ’24RON 0.93
RON 1.18
+27.5%
8.3%RON 1.30RON 1.08RON 0.654
Aug ’24RON 0.94
RON 1.18
+26.3%
8.3%RON 1.30RON 1.08RON 0.854
Jul ’24RON 0.94
RON 1.17
+25.1%
7.7%RON 1.26RON 1.08RON 0.882
May ’24RON 0.84
RON 1.00
+19.8%
7.9%RON 1.08RON 0.92RON 0.872
Apr ’24RON 0.83
RON 1.00
+20.9%
7.9%RON 1.08RON 0.92RON 0.962
Mar ’24RON 0.90
RON 1.00
+11.9%
7.9%RON 1.08RON 0.92RON 1.002
Feb ’24RON 0.88
RON 1.00
+13.9%
7.9%RON 1.08RON 0.92RON 0.992
Jan ’24RON 0.86
RON 1.00
+17.0%
7.9%RON 1.08RON 0.92RON 0.992
Dec ’23RON 0.86
RON 1.00
+15.9%
7.9%RON 1.08RON 0.92RON 0.942
Nov ’23RON 0.93
RON 1.00
+7.1%
7.9%RON 1.08RON 0.92RON 0.992

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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