Derwent London Plc

OTCPK:DWVY.F Stock Report

Market Cap: US$2.8b

Derwent London Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: DWVY.F ($26.9) is trading above our estimate of fair value ($21.8)

Significantly Below Fair Value: DWVY.F is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for DWVY.F. This is calculated by dividing DWVY.F's market cap by their current revenue.
What is DWVY.F's PS Ratio?
PS Ratio7.9x
SalesUK£278.60m
Market CapUK£2.21b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for DWVY.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4x
HIW Highwoods Properties
3.8x2.5%US$3.3b
CDP COPT Defense Properties
4.7x4.0%US$3.6b
DEI Douglas Emmett
3.1x1.3%US$3.6b
KRC Kilroy Realty
4.3x2.8%US$4.8b
DWVY.F Derwent London
7.9x-1.4%US$2.2b

Price-To-Sales vs Peers: DWVY.F is expensive based on its Price-To-Sales Ratio (7.9x) compared to the peer average (4x).

Price to Sales Ratio vs Industry

How does DWVY.F's PS Ratio compare vs other companies in the US Office REITs Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
OPI Office Properties Income Trust
0.1x-6.3%US$56.90m
CMCT Creative Media & Community Trust
0.1xn/aUS$12.90m
No more companies available in this PS range
DWVY.F 7.9xIndustry Avg. 2.9xNo. of Companies3PS01.63.24.86.48+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: DWVY.F is expensive based on its Price-To-Sales Ratio (7.9x) compared to the US Office REITs industry average (2.9x).

Price to Sales Ratio vs Fair Ratio

What is DWVY.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.

DWVY.F PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio7.9x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate DWVY.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?

The above table shows the analyst DWVY.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
US$31.97
0%
10.8%US$37.72US$25.64n/a16
Dec ’25US$26.90
US$32.47
+20.7%
10.9%US$38.24US$25.99n/a16
Nov ’25n/a
US$33.16
0%
10.7%US$39.02US$26.66n/a16
Oct ’25n/a
US$32.74
0%
15.1%US$39.84US$19.30n/a16
Sep ’25n/a
US$31.73
0%
13.6%US$36.11US$19.08n/a16
Aug ’25n/a
US$30.61
0%
13.3%US$35.04US$18.51n/a16
Jul ’25n/a
US$30.41
0%
13.4%US$34.76US$18.37n/a16
Jun ’25n/a
US$30.36
0%
13.6%US$35.05US$18.52n/a17
May ’25n/a
US$29.85
0%
13.5%US$34.54US$18.25n/a17
Apr ’25n/a
US$29.69
0%
14.1%US$34.50US$18.23n/a17
Mar ’25n/a
US$30.05
0%
13.9%US$34.18US$18.40n/a17
Feb ’25n/a
US$30.71
0%
15.1%US$36.85US$18.46n/a17
Jan ’25n/a
US$29.75
0%
16.8%US$36.93US$18.50n/a15
Dec ’24n/a
US$29.68
0%
17.5%US$36.86US$18.47US$26.9015
Nov ’24n/a
US$28.75
0%
18.4%US$36.97US$17.61n/a17
Oct ’24n/a
US$29.55
0%
18.1%US$37.21US$17.73n/a17
Sep ’24n/a
US$32.56
0%
19.6%US$43.00US$18.38n/a17
Aug ’24n/a
US$33.53
0%
18.2%US$43.62US$18.65n/a17
Jul ’24n/a
US$34.61
0%
12.8%US$43.38US$26.17n/a17
Jun ’24n/a
US$34.06
0%
12.7%US$42.32US$25.53n/a17
May ’24n/a
US$34.15
0%
12.5%US$41.95US$25.30n/a18
Apr ’24n/a
US$34.15
0%
12.5%US$41.95US$25.30n/a18
Mar ’24n/a
US$32.73
0%
12.5%US$40.76US$24.58n/a18
Feb ’24n/a
US$32.66
0%
12.9%US$41.93US$25.29n/a18
Jan ’24n/a
US$32.12
0%
13.1%US$41.38US$24.35n/a18
Dec ’23n/a
US$32.11
0%
13.1%US$41.20US$24.24n/a18

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 09:42
End of Day Share Price 2024/11/27 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Derwent London Plc is covered by 40 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Paul MayBarclays
Aaron GuyBarclays
Miranda CockburnBerenberg