Icade SA
PAR:ICAD

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Icade SA Logo
Icade SA
PAR:ICAD
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Price: 21.26 EUR 2.11% Market Closed
Market Cap: 1.6B EUR

Relative Value

The Relative Value of one ICAD stock under the Base Case scenario is 36.35 EUR. Compared to the current market price of 21.26 EUR, Icade SA is Undervalued by 42%.

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.

ICAD Relative Value
Base Case
36.35 EUR
Undervaluation 42%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
88
vs Industry
73
Median 3Y
1.2
Median 5Y
1.7
Industry
3.8
Forward
4.5
vs History
vs Industry
9
Median 3Y
-2.2
Median 5Y
4.9
Industry
16.2
Forward
6
vs History
80
vs Industry
57
Median 3Y
6
Median 5Y
6.8
Industry
11.2
vs History
25
vs Industry
Median 3Y
-2.8
Median 5Y
-2.7
Industry
12.8
vs History
73
vs Industry
73
Median 3Y
0.4
Median 5Y
0.5
Industry
0.9
vs History
93
vs Industry
64
Median 3Y
3.2
Median 5Y
5.1
Industry
6.9
Forward
11.1
vs History
vs Industry
30
Median 3Y
0
Median 5Y
0
Industry
12.5
vs History
88
vs Industry
46
Median 3Y
14.1
Median 5Y
14.9
Industry
15.8
Forward
12.2
vs History
93
vs Industry
33
Median 3Y
16.3
Median 5Y
16.4
Industry
19.1
Forward
15.3
vs History
93
vs Industry
49
Median 3Y
16.2
Median 5Y
17.6
Industry
18.5
vs History
33
vs Industry
25
Median 3Y
31.4
Median 5Y
-14.4
Industry
20.5
vs History
84
vs Industry
63
Median 3Y
0.6
Median 5Y
0.6
Industry
0.8

Multiples Across Competitors

ICAD Competitors Multiples
Icade SA Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
FR
Icade SA
PAR:ICAD
1.6B EUR 1 -8.6 13.4 13.4
ZA
Growthpoint Properties Ltd
JSE:GRT
58B Zac 0 0 0 0
ZA
Redefine Properties Ltd
JSE:RDF
37.9B Zac 0 0 0 0
US
WP Carey Inc
NYSE:WPC
14.3B USD 8.5 39.2 16.5 26.3
ZA
Attacq Ltd
JSE:ATT
11.4B Zac 0 0 0 0
ZA
Fairvest Ltd
JSE:FTA
11.1B Zac 0 0 0 0
JP
KDX Realty Investment Corp
OTC:KDXRF
9.5B USD 18.8 43.4 39.1 49.3
AU
Stockland Corporation Ltd
ASX:SGP
14.1B AUD 4.5 17 23.3 23.3
ZA
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
8.4B Zac 0 0 0 0
AU
Charter Hall Group
ASX:CHC
12B AUD 17.4 53 26.5 26.5
ES
MERLIN Properties SOCIMI SA
MAD:MRL
6.7B EUR 12.9 10.4 26.2 26.5
P/S Multiple
Revenue Growth P/S to Growth
FR
Icade SA
PAR:ICAD
Average P/S: 10.5
1
-39%
N/A
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-10%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
-9%
N/A
US
WP Carey Inc
NYSE:WPC
8.5
6%
1.4
ZA
A
Attacq Ltd
JSE:ATT
Not Available N/A N/A
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
18.8
-4%
N/A
AU
Stockland Corporation Ltd
ASX:SGP
4.5
10%
0.4
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available
-15%
N/A
AU
Charter Hall Group
ASX:CHC
17.4
14%
1.2
ES
MERLIN Properties SOCIMI SA
MAD:MRL
12.9
10%
1.3
P/E Multiple
Earnings Growth PEG
FR
Icade SA
PAR:ICAD
Average P/E: 32.6
Negative Multiple: -8.6
N/A N/A
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
3%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
2%
N/A
US
WP Carey Inc
NYSE:WPC
39.2
10%
3.9
ZA
A
Attacq Ltd
JSE:ATT
Not Available
-10%
N/A
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
43.4
-12%
N/A
AU
Stockland Corporation Ltd
ASX:SGP
17
7%
2.4
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available
11%
N/A
AU
Charter Hall Group
ASX:CHC
53
34%
1.6
ES
MERLIN Properties SOCIMI SA
MAD:MRL
10.4
7%
1.5
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
FR
Icade SA
PAR:ICAD
Average EV/EBITDA: 24.2
13.4
-1%
N/A
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-1%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
1%
N/A
US
WP Carey Inc
NYSE:WPC
16.5
8%
2.1
ZA
A
Attacq Ltd
JSE:ATT
Not Available N/A N/A
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
39.1
-2%
N/A
AU
Stockland Corporation Ltd
ASX:SGP
23.3
19%
1.2
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available
0%
N/A
AU
Charter Hall Group
ASX:CHC
26.5
21%
1.3
ES
MERLIN Properties SOCIMI SA
MAD:MRL
26.2
10%
2.6
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
FR
Icade SA
PAR:ICAD
Average EV/EBIT: 27.6
13.4
6%
2.2
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-2%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
5%
N/A
US
WP Carey Inc
NYSE:WPC
26.3
11%
2.4
ZA
A
Attacq Ltd
JSE:ATT
Not Available
4%
N/A
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
49.3
N/A N/A
AU
Stockland Corporation Ltd
ASX:SGP
23.3
18%
1.3
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available N/A N/A
AU
Charter Hall Group
ASX:CHC
26.5
20%
1.3
ES
MERLIN Properties SOCIMI SA
MAD:MRL
26.5
20%
1.3