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Metrics | Range | Conclusion |
---|---|---|
Selected LTM P/E Multiple | 8.5x - 9.4x | 8.9x |
Selected Fwd P/E Multiple | 9.9x - 11.0x | 10.4x |
Fair Value | kr152.74 - kr168.82 | kr160.78 |
Upside | -17.9% - -9.2% | -13.6% |
Benchmarks | - | Full Ticker |
Fast Ejendom Danmark A/S | - | CPSE:FED |
EgnsINVEST Ejendomme Tyskland A/S | - | CPSE:EGNETY |
Copenhagen Capital A/S | - | CPSE:CPHCAPST |
Transcontinental Realty Investors, Inc. | - | DB:TI9 |
EPH European Property Holdings PLC | - | SWX:EPH |
Prime Office A/S | - | CPSE:PRIMOF |
- | - | - |
Select Price / LTM EPS Ratio | ||||||||
Benchmark Companies | ||||||||
FED | EGNETY | CPHCAP ST | TI9 | EPH | PRIMOF | |||
CPSE:FED | CPSE:EGNETY | CPSE:CPHCAPST | DB:TI9 | SWX:EPH | CPSE:PRIMOF | |||
Historical Net Income Growth | ||||||||
5Y CAGR | 6.4% | -5.2% | -42.9% | NM- | NM- | -10.8% | ||
3Y CAGR | -6.9% | -25.2% | -72.8% | -14.6% | NM- | -27.0% | ||
Latest Twelve Months | 105.9% | 122.0% | 103.7% | 59.6% | 94.2% | 121.7% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 78.7% | 11.6% | 144.9% | 37.8% | -63.4% | 93.9% | ||
Prior Fiscal Year | 39.8% | -344.2% | -173.6% | 11.6% | -128.2% | 28.0% | ||
Latest Fiscal Year | 60.7% | 83.3% | 6.1% | 12.3% | -6.0% | 29.6% | ||
Latest Twelve Months | 65.2% | 57.6% | 6.1% | 16.7% | -6.0% | 30.1% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 16.7x | NA | 25.6x | 65.2x | 20.5x | 27.0x | ||
Price / LTM Sales | 3.3x | 6.7x | 6.8x | 7.5x | 6.3x | 3.5x | ||
LTM P/E Ratio | 5.1x | 11.6x | 112.0x | 44.9x | -104.3x | 11.6x | ||
Low | Mid | High | ||||||
Benchmark LTM P/E Ratio | -104.3x | 11.6x | 112.0x | |||||
Historical LTM P/E Ratio | 4.4x | 9.1x | 14.2x | |||||
Selected P/E Multiple | 8.5x | 8.9x | 9.4x | |||||
(x) LTM Net Income | 61 | 61 | 61 | |||||
(=) Equity Value | 514 | 541 | 568 | |||||
(/) Shares Outstanding | 3.8 | 3.8 | 3.8 | |||||
Implied Value Range | 136.04 | 143.20 | 150.37 | |||||
FX Rate: DKK/DKK | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 136.04 | 143.20 | 150.37 | 186.00 | ||||
Upside / (Downside) | -26.9% | -23.0% | -19.2% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | FED | EGNETY | CPHCAP ST | TI9 | EPH | PRIMOF | |
Value of Common Equity | 355 | 411 | 338 | 347 | 346 | 702 | |
(/) Shares Outstanding | 2.6 | 2.3 | 49.0 | 8.6 | 14.4 | 3.8 | |
Implied Stock Price | 136.00 | 175.00 | 6.90 | 40.17 | 24.00 | 186.00 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.17 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 136.00 | 175.00 | 6.90 | 34.20 | 24.00 | 186.00 | |
Trading Currency | DKK | DKK | DKK | EUR | EUR | DKK | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.17 | 1.00 | 1.00 |