China Overseas Land & Investment Valuation

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

Below Fair Value: CAOV.Y ($8.59) is trading above our estimate of fair value ($4.94)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CAOV.Y?

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

The above table shows the Price to Earnings ratio for CAOV.Y. This is calculated by dividing CAOV.Y's market cap by their current earnings.
What is CAOV.Y's PE Ratio?
PE Ratio	6x
Earnings	CN¥22.43b
Market Cap	CN¥135.28b

CAOV.Y 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	1.6x
Enterprise Value/EBITDA	9.6x
PEG Ratio	1.1x

Price to Earnings Ratio vs Peers

How does CAOV.Y's PE Ratio compare to its peers?

The above table shows the PE ratio for CAOV.Y 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	66.8x
FOR Forestar Group	7.5x	2.9%	US$1.5b
BEKE KE Holdings	40x	20.4%	US$23.0b
JLL Jones Lang LaSalle	28x	17.7%	US$13.4b
CSGP CoStar Group	191.6x	42.5%	US$33.6b
CAOV.Y China Overseas Land & Investment	6x	5.7%	US$145.3b

Price-To-Earnings vs Peers: CAOV.Y is good value based on its Price-To-Earnings Ratio (6x) compared to the peer average (66.8x).

Price to Earnings Ratio vs Industry

How does CAOV.Y's PE Ratio compare vs other companies in the US Real Estate Industry?

6 Companies	Price / Earnings	Estimated Growth	Market Cap
STHO Star Holdings	1.8x	n/a	US$150.24m
STSR Strategic Student & Senior Housing Trust	2.5x	n/a	US$41.31m
XIN Xinyuan Real Estate	0.4x	n/a	US$17.74m
ILAL International Land Alliance	0.6x	n/a	US$6.40m

6 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: CAOV.Y is good value based on its Price-To-Earnings Ratio (6x) compared to the US Real Estate industry average (34x).

Price to Earnings Ratio vs Fair Ratio

What is CAOV.Y'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.

CAOV.Y PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	6x
Fair PE Ratio	24.3x

Price-To-Earnings vs Fair Ratio: CAOV.Y is good value based on its Price-To-Earnings Ratio (6x) compared to the estimated Fair Price-To-Earnings Ratio (24.3x).

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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