Société Immobilière et de participations Société Anonyme Valuation

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

Below Fair Value: SIMPAR (TND35.9) is trading above our estimate of fair value (TND22.99)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for SIMPAR. This is calculated by dividing SIMPAR's market cap by their current revenue.
What is SIMPAR's PS Ratio?
PS Ratio	0.9x
Sales	د.ت44.21m
Market Cap	د.ت39.49m

SIMPAR 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	3.9x
Enterprise Value/EBITDA	31x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for SIMPAR 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	3x
SITS Société Immobilière Tunisio Saoudienne	3.4x	n/a	د.ت29.6m
BHL BH Leasing Société Anonyme	2x	10.7%	د.ت26.5m
SOKNA Essoukna	1.2x	49.3%	د.ت8.0m
ARCV S.C. Imotrust	5.4x	n/a	RON 64.3m
SIMPAR Société Immobilière et de participations Société Anonyme	0.9x	20.4%	د.ت39.5m

Price-To-Sales vs Peers: SIMPAR is good value based on its Price-To-Sales Ratio (0.9x) compared to the peer average (3x).

Price to Sales Ratio vs Industry

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

9 Companies	Price / Sales	Estimated Growth	Market Cap

9 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: SIMPAR is good value based on its Price-To-Sales Ratio (0.9x) compared to the African Real Estate industry average (4x).

Price to Sales Ratio vs Fair Ratio

What is SIMPAR'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.

SIMPAR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.9x
Fair PS Ratio	n/a

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