Bridgemarq Real Estate Services Valuation

Is BREU.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: BREU.F ($10.87) is trading below our estimate of fair value ($14.66)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BREU.F?

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

The above table shows the Price to Sales ratio for BREU.F. This is calculated by dividing BREU.F's market cap by their current revenue.
What is BREU.F's PS Ratio?
PS Ratio	0.6x
Sales	CA$260.00m
Market Cap	CA$243.26m

BREU.F 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	0.7x
Enterprise Value/EBITDA	6.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does BREU.F's PS Ratio compare to its peers?

The above table shows the PS ratio for BREU.F 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	0.5x
DOUG Douglas Elliman	0.2x	23.0%	US$212.2m
RMAX RE/MAX Holdings	0.8x	1.5%	US$417.4m
REAX Real Brokerage	1x	23.2%	US$1.1b
OPAD Offerpad Solutions	0.1x	20.2%	US$130.5m
BREU.F Bridgemarq Real Estate Services	0.6x	-36.1%	US$243.3m

Price-To-Sales vs Peers: BREU.F is expensive based on its Price-To-Sales Ratio (0.6x) compared to the peer average (0.5x).

Price to Sales Ratio vs Industry

How does BREU.F's PS Ratio compare vs other companies in the US Real Estate Industry?

33 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	2.3x	11.8%
BREU.F Bridgemarq Real Estate Services	0.6x	-36.1%	US$173.57m
JLL Jones Lang LaSalle	0.6x	6.4%	US$13.39b
COMP Compass	0.7x	11.5%	US$3.67b

33 Companies		Estimated Growth	Market Cap
Industry Avg.	2.3x	40.4%
BREU.F Bridgemarq Real Estate Services	0.6x	34.5%	US$173.57m

No more companies

Price-To-Sales vs Industry: BREU.F is good value based on its Price-To-Sales Ratio (0.6x) compared to the US Real Estate industry average (2.3x).

Price to Sales Ratio vs Fair Ratio

What is BREU.F'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.

BREU.F PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.6x
Fair PS Ratio	n/a

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

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