Eastnine Valuation

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

EAST (SEK46.76) is trading above our estimate of [[fair value]] (SEK36.08)

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

Below Fair Value: EAST (SEK46.76) is trading above our estimate of fair value (SEK36.08)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for EAST. This is calculated by dividing EAST's market cap by their current earnings.
What is EAST's PE Ratio?
PE Ratio	57.1x
Earnings	€6.32m
Market Cap	€360.87m

EAST 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	15.4x
Enterprise Value/EBITDA	18.9x
PEG Ratio	0.9x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for EAST vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	28.3x
NIVI B Nivika Fastigheter	29.2x	43.9%	SEK 3.9b
HEIM PREF Heimstaden	8.6x	n/a	SEK 3.3b
EMIL B Fastighetsbolaget Emilshus	51.8x	29.7%	SEK 5.9b
SLP B Swedish Logistic Property	23.5x	20.4%	SEK 9.9b
EAST Eastnine	57.1x	62.9%	SEK 4.2b

Price-To-Earnings vs Peers: EAST is expensive based on its Price-To-Earnings Ratio (57.1x) compared to the peer average (28.3x).

Price to Earnings Ratio vs Industry

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

6 Companies	Price / Earnings	Estimated Growth	Market Cap
AJA B Byggmästare Anders J Ahlström Holding	2.7x	n/a	US$181.71m
TORSAB Torslanda Property Investment	1.8x	n/a	US$95.65m
TITA B Titania Holding	2.2x	-1.3%	US$55.58m
HALMEN Halmslätten Fastighets	1.2x	n/a	US$35.58m

6 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: EAST is expensive based on its Price-To-Earnings Ratio (57.1x) compared to the Swedish Real Estate industry average (29.6x).

Price to Earnings Ratio vs Fair Ratio

What is EAST'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.

EAST PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	57.1x
Fair PE Ratio	49.2x

Price-To-Earnings vs Fair Ratio: EAST is expensive based on its Price-To-Earnings Ratio (57.1x) compared to the estimated Fair Price-To-Earnings Ratio (49.2x).

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.