Deutsche Konsum REIT-AG

JSE:DKR Stock Report

Market Cap: R2.6b

Deutsche Konsum REIT-AG Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: DKR (ZAR156) is trading above our estimate of fair value (ZAR110.04)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for DKR. This is calculated by dividing DKR's market cap by their current revenue.
What is DKR's PS Ratio?
PS Ratio1.3x
Sales€105.28m
Market Cap€135.35m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for DKR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.5x
EXP Exemplar REITail
3xn/aR3.8b
SAR Safari Investments RSA
2.9xn/aR1.6b
DIB Dipula Income Fund
3.2x-22.1%R4.7b
APF Accelerate Property Fund
0.8xn/aR647.9m
DKR Deutsche Konsum REIT-AG
1.3x-7.4%R135.4m

Price-To-Sales vs Peers: DKR is good value based on its Price-To-Sales Ratio (1.3x) compared to the peer average (2.5x).

Price to Sales Ratio vs Industry

How does DKR's PS Ratio compare vs other companies in the Global Retail REITs Industry?

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
DKR 1.3xIndustry Avg. 6.2xNo. of Companies15PS03.26.49.612.816+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: DKR is good value based on its Price-To-Sales Ratio (1.3x) compared to the Global Retail REITs industry average (6.2x).

Price to Sales Ratio vs Fair Ratio

What is DKR'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.

DKR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.3x
Fair PS Ratio0.8x

Price-To-Sales vs Fair Ratio: DKR is expensive based on its Price-To-Sales Ratio (1.3x) compared to the estimated Fair Price-To-Sales Ratio (0.8x).

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 DKR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentR156.00
R71.81
-54.0%
33.3%R95.75R47.88n/a2
Nov ’25R156.00
R57.66
-63.0%
16.7%R67.27R48.05n/a2
Oct ’25R156.00
R59.65
-61.8%
16.7%R69.59R49.71n/a2
Sep ’25n/a
R59.65
0%
16.7%R69.59R49.71n/a2
Aug ’25n/a
R59.65
0%
16.7%R69.59R49.71n/a2
Jul ’25R156.00
R59.65
-61.8%
16.7%R69.59R49.71n/a2
Jun ’25R156.00
R59.65
-61.8%
16.7%R69.59R49.71n/a2
May ’25R156.00
R61.35
-60.7%
16.7%R71.57R51.12n/a2
Apr ’25R120.00
R61.35
-48.9%
16.7%R71.57R51.12n/a2
Mar ’25R120.00
R61.35
-48.9%
16.7%R71.57R51.12n/a2
Feb ’25R120.00
R61.77
-48.5%
16.7%R72.07R51.48n/a2
Jan ’25R120.00
R59.29
-50.6%
20.7%R71.56R47.02n/a2
Dec ’24R120.00
R59.29
-50.6%
20.7%R71.56R47.02n/a2
Nov ’24R120.00
R82.92
-30.9%
8.4%R89.92R75.93R156.002
Oct ’24R120.00
R181.48
+51.2%
11.8%R208.59R156.44R156.003
Sep ’24R120.00
R181.48
+51.2%
11.8%R208.59R156.44n/a3
Aug ’24R120.00
R183.66
+53.0%
9.5%R207.13R165.70n/a3
Jul ’24R120.00
R183.66
+53.0%
9.5%R207.13R165.70R156.003
Jun ’24R120.00
R183.66
+53.0%
9.5%R207.13R165.70R156.003
May ’24R120.00
R203.00
+69.2%
2.3%R209.65R199.67R156.003
Apr ’24R120.00
R208.71
+73.9%
7.8%R231.19R192.65R120.003
Mar ’24R120.00
R208.71
+73.9%
7.8%R231.19R192.65R120.003
Feb ’24R120.00
R264.23
+120.2%
21.8%R345.77R220.70R120.003
Jan ’24R120.00
R264.23
+120.2%
21.8%R345.77R220.70R120.003
Dec ’23R120.00
R310.13
+158.4%
13.4%R341.27R251.46R120.003
Nov ’23R120.00
R310.13
+158.4%
13.4%R341.27R251.46R120.003

Analyst Forecast: Target price is lower than the current share price.

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