Office Properties Income Trust

NasdaqGS:OPI Stock Report

Mkt Cap: US$680.8m

We’ve recently updated our valuation analysis.

Office Properties Income Trust Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

OPI 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/Revenue5.4x
Enterprise Value/EBITDA8.9x
PEG Ration/a

Price to Sales Ratio vs Peers

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

OPI PS Ratio vs Peers
The above table shows the PS ratio for OPI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average2.7x
ONL Orion Office REIT
3.1x13.4%US$495.6m
BDN Brandywine Realty Trust
2.5x4.1%US$1.2b
CIO City Office REIT
2.4x0.6%US$414.5m
VRE Veris Residential
2.9x-0.9%US$1.1b
OPI Office Properties Income Trust
1.2x0.6%US$680.8m

Price-To-Sales vs Peers: OPI is good value based on its Price-To-Sales Ratio (1.2x) compared to the peer average (2.7x).


Price to Earnings Ratio vs Industry

How does OPI's PE Ratio compare vs other companies in the US REITs Industry?

Price-To-Sales vs Industry: OPI is good value based on its Price-To-Sales Ratio (1.2x) compared to the US REITs industry average (4.6x)


Price to Sales Ratio vs Fair Ratio

What is OPI'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.

OPI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.2x
Fair PS Ratio6.8x

Price-To-Sales vs Fair Ratio: OPI is good value based on its Price-To-Sales Ratio (1.2x) compared to the estimated Fair Price-To-Sales Ratio (6.8x).


Share Price vs Fair Value

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

Below Fair Value: OPI ($14.05) is trading below our estimate of fair value ($17.49)

Significantly Below Fair Value: OPI is trading below fair value, but not by a significant amount.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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