CIM Real Estate Finance Trust Valuation
Is CMRF undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation 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 CMRF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: CMRF ($3.03) is trading below our estimate of fair value ($3.5)
Significantly Below Fair Value: CMRF is trading below fair value, but not by a significant amount.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for CMRF?
Key metric: As CMRF is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is CMRF's PS Ratio? | |
|---|---|
| PS Ratio | 2.5x |
| Sales | US$520.09m |
| Market Cap | US$1.32b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 8.4x |
| Enterprise Value/EBITDA | 60x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does CMRF's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 5.7x | ||
RTL Necessity Retail REIT | 2.2x | 0.6% | US$1.0b |
NTST NETSTREIT | 8.3x | 14.7% | US$1.3b |
BFS Saul Centers | 3.6x | 4.9% | US$1.3b |
GTY Getty Realty | 8.9x | 5.6% | US$1.7b |
CMRF CIM Real Estate Finance Trust | 2.5x | n/a | US$1.3b |
Price-To-Sales vs Peers: CMRF is good value based on its Price-To-Sales Ratio (2.5x) compared to the peer average (6.9x).
Price to Sales Ratio vs Industry
How does CMRF's PS Ratio compare vs other companies in the US Retail REITs Industry?
| 4 Companies | Price / Sales | Estimated Growth | Market Cap |
|---|---|---|---|
WHLR Wheeler Real Estate Investment Trust | 0.1x | n/a | US$7.48m |
RVIC Retail Value | 0.1x | n/a | US$5.72m |
PRET.Q Pennsylvania Real Estate Investment Trust | 0.01x | n/a | US$2.98m |
SGIC Strategic Realty Trust | 0.2x | n/a | US$657.44k |
| 4 Companies | Estimated Growth | Market Cap |
|---|
Price-To-Sales vs Industry: CMRF is good value based on its Price-To-Sales Ratio (2.5x) compared to the US Retail REITs industry average (7.1x).
Price to Sales Ratio vs Fair Ratio
What is CMRF'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.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 2.5x |
| Fair PS Ratio | n/a |
Price-To-Sales vs Fair Ratio: Insufficient data to calculate CMRF'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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