S

S Immo AG
VSE:SPI

Watchlist Manager
S Immo AG
VSE:SPI
Watchlist
Price: 22.2 EUR Market Closed
Market Cap: 1.6B EUR

Relative Value

The Relative Value of one SPI stock under the Base Case scenario is 45.94 EUR. Compared to the current market price of 22.2 EUR, S Immo AG is Undervalued by 52%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

SPI Relative Value
Base Case
45.94 EUR
Undervaluation 52%
Relative Value
Price
S
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
65
vs Industry
42
Median 3Y
4.2
Median 5Y
4.9
Industry
3.6
Forward
4.2
vs History
7
vs Industry
1
Median 3Y
7.4
Median 5Y
7.9
Industry
16.7
Forward
21
vs History
74
vs Industry
38
Median 3Y
11.4
Median 5Y
17.3
Industry
10.8
vs History
55
vs Industry
38
Median 3Y
3.7
Median 5Y
3.8
Industry
13.2
vs History
19
vs Industry
40
Median 3Y
0.9
Median 5Y
0.9
Industry
0.8
vs History
63
vs Industry
39
Median 3Y
8.7
Median 5Y
10.5
Industry
6.5
Forward
8.6
vs History
65
vs Industry
33
Median 3Y
15.8
Median 5Y
20
Industry
11.8
vs History
66
vs Industry
30
Median 3Y
19.6
Median 5Y
26.2
Industry
15.7
Forward
18.7
vs History
69
vs Industry
35
Median 3Y
20.7
Median 5Y
29.2
Industry
18.8
Forward
26.3
vs History
74
vs Industry
34
Median 3Y
23.1
Median 5Y
33.4
Industry
18.4
vs History
74
vs Industry
32
Median 3Y
23.2
Median 5Y
34.3
Industry
20.2
vs History
17
vs Industry
40
Median 3Y
0.8
Median 5Y
0.8
Industry
0.7

Multiples Across Competitors

SPI Competitors Multiples
S Immo AG Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
AT
S Immo AG
VSE:SPI
1.6B EUR 4.3 76.1 19.6 20.7
DE
Vonovia SE
XETRA:VNA
22.7B EUR 60.4 -6.8 -32.2 -29.5
PH
SM Prime Holdings Inc
XPHS:SMPH
695.4B PHP 5.1 15.9 12.3 15.1
HK
Swire Properties Ltd
HKEX:1972
88.7B HKD 6.1 40.1 14.5 14.5
IL
Azrieli Group Ltd
TASE:AZRG
36.3B ILS 11.8 17.5 18.1 18.5
CN
Zhejiang China Commodities City Group Co Ltd
SSE:600415
69.5B CNY 5 25.9 23.3 23.3
BM
Hongkong Land Holdings Ltd
SGX:H78
9.4B USD 4.4 -8.7 22.4 22.9
DE
Deutsche Wohnen SE
XETRA:DWNI
8.8B EUR 7.3 -35.4 15.7 22.7
SG
Capitaland Investment Ltd
SGX:9CI
12.4B SGD 4.4 76.9 21.1 24.7
SE
Sagax AB
STO:SAGA A
100.4B SEK 20.9 26.3 33.1 33.1
CH
Swiss Prime Site AG
SIX:SPSN
7.9B CHF 11.8 42.4 31 31.5
P/E Multiple
Earnings Growth PEG
AT
S
S Immo AG
VSE:SPI
Average P/E: 40.1
76.1
N/A N/A
DE
Vonovia SE
XETRA:VNA
Negative Multiple: -6.8 N/A N/A
PH
S
SM Prime Holdings Inc
XPHS:SMPH
15.9
11%
1.4
HK
S
Swire Properties Ltd
HKEX:1972
40.1
48%
0.8
IL
Azrieli Group Ltd
TASE:AZRG
17.5
-14%
N/A
CN
Zhejiang China Commodities City Group Co Ltd
SSE:600415
25.9
17%
1.5
BM
Hongkong Land Holdings Ltd
SGX:H78
Negative Multiple: -8.7 N/A N/A
DE
Deutsche Wohnen SE
XETRA:DWNI
Negative Multiple: -35.4 N/A N/A
SG
Capitaland Investment Ltd
SGX:9CI
76.9
70%
1.1
SE
S
Sagax AB
STO:SAGA A
26.3
N/A N/A
CH
Swiss Prime Site AG
SIX:SPSN
42.4
10%
4.2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
AT
S
S Immo AG
VSE:SPI
Average EV/EBITDA: 21.1
19.6
12%
1.6
DE
Vonovia SE
XETRA:VNA
Negative Multiple: -32.2 N/A N/A
PH
S
SM Prime Holdings Inc
XPHS:SMPH
12.3
10%
1.2
HK
S
Swire Properties Ltd
HKEX:1972
14.5
8%
1.8
IL
Azrieli Group Ltd
TASE:AZRG
18.1
12%
1.5
CN
Zhejiang China Commodities City Group Co Ltd
SSE:600415
23.3
45%
0.5
BM
Hongkong Land Holdings Ltd
SGX:H78
22.4
2%
11.2
DE
Deutsche Wohnen SE
XETRA:DWNI
15.7
7%
2.2
SG
Capitaland Investment Ltd
SGX:9CI
21.1
20%
1.1
SE
S
Sagax AB
STO:SAGA A
33.1
16%
2.1
CH
Swiss Prime Site AG
SIX:SPSN
31
4%
7.8