Fubon No.2 Real Estate Investment Trust Valuation

Q: What is the Fair Price of 01004T when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

01004T (NT$12.8) is trading above our estimate of [[fair value]] (NT$6.36)

Is 01004T 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 01004T when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 01004T (NT$12.8) is trading above our estimate of fair value (NT$6.36)

Significantly Below Fair Value: 01004T is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 01004T?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for 01004T. This is calculated by dividing 01004T's market cap by their current preferred multiple.
What is 01004T's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	NT$9.35b

01004T 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	17.4x
Enterprise Value/EBITDA	23.5x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 01004T's PE Ratio compare to its peers?

The above table shows the PE ratio for 01004T 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	24x
01007T Cathay No.2 REIT	35.5x	n/a	NT$12.1b
01010T King's Town Millerful No.1 Real Estate Investment Trust	25.8x	n/a	NT$16.7b
BRCR11 Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund	14.9x	n/a	R$1.5b
2972 SANKEI REAL ESTATE	19.7x	n/a	JP¥42.6b
01004T Fubon No.2 Real Estate Investment Trust	32.7x	n/a	NT$9.3b

Price-To-Earnings vs Peers: 01004T is expensive based on its Price-To-Earnings Ratio (32.7x) compared to the peer average (24x).

Price to Earnings Ratio vs Industry

How does 01004T's PE Ratio compare vs other companies in the Asian Office REITs Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	7.1%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	7.1%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: 01004T is expensive based on its Price-To-Earnings Ratio (32.7x) compared to the Asian Office REITs industry average (18.3x).

Price to Earnings Ratio vs Fair Ratio

What is 01004T'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.

01004T PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	32.7x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 01004T'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?

Analyst Forecast: Insufficient data to show price forecast.