Grand Parade Investments Valuation

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

GPL (ZAR3.38) is trading above our estimate of [[fair value]] (ZAR0.96)

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: GPL (ZAR3.38) is trading above our estimate of fair value (ZAR0.96)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for GPL. This is calculated by dividing GPL's market cap by their current earnings.
What is GPL's PE Ratio?
PE Ratio	18.4x
Earnings	R78.70m
Market Cap	R1.54b

GPL 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	961.5x
Enterprise Value/EBITDA	-24.8x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does GPL's PE Ratio compare to its peers?

The above table shows the PE ratio for GPL 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	13.5x
SUR Spur	12.2x	n/a	R2.8b
FBR Famous Brands	13.7x	n/a	R6.4b
CLH City Lodge Hotels	14.5x	n/a	R2.7b
SSU Southern Sun	13.8x	18.5%	R11.9b
GPL Grand Parade Investments	18.4x	n/a	R1.5b

Price-To-Earnings vs Peers: GPL is expensive based on its Price-To-Earnings Ratio (18.4x) compared to the peer average (13.5x).

Price to Earnings Ratio vs Industry

How does GPL's PE Ratio compare vs other companies in the African Hospitality Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: GPL is expensive based on its Price-To-Earnings Ratio (18.4x) compared to the African Hospitality industry average (10.3x).

Price to Earnings Ratio vs Fair Ratio

What is GPL'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.

GPL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	18.4x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate GPL's Price-To-Earnings 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.