Financials Real Estate Investors Plc

Equities

RLE

GB00B45XLP34

Commercial REITs

Market Closed - London S.E. 11:35:05 2024-04-26 am EDT 5-day change 1st Jan Change
33.5 GBX 0.00% Intraday chart for Real Estate Investors Plc 0.00% +10.74%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 98.8 60.99 70.85 49.64 52.23 58.24 -
Enterprise Value (EV) 1 196.9 161.6 152.6 113.3 52.23 85.98 46.65
P/E ratio - -2.95 x - - - - -
Yield 7.19% 8.82% 7.75% 8.7% - 5.97% 5.46%
Capitalization / Revenue 5.95 x 3.71 x 4.44 x 3.73 x 4.54 x 5.94 x 8.82 x
EV / Revenue 11.9 x 9.84 x 9.56 x 8.52 x 4.54 x 8.77 x 7.07 x
EV / EBITDA 17,031,645 x - - - - - -
EV / FCF 16.9 x 16.7 x 14.1 x 17.4 x - 29.5 x 16.1 x
FCF Yield 5.92% 5.98% 7.11% 5.75% - 3.39% 6.2%
Price to Book - - - - - - -
Nbr of stocks (in thousands) 186,421 179,378 179,378 172,652 172,652 173,844 -
Reference price 2 0.5300 0.3400 0.3950 0.2875 0.3025 0.3350 0.3350
Announcement Date 3/17/20 3/30/21 3/22/22 3/28/23 3/26/24 - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 16.6 16.42 15.97 13.29 11.51 9.8 6.6
EBITDA 11.56 - - - - - -
EBIT 1 11.56 11.77 9.597 7.552 6.665 6 3.3
Operating Margin 69.64% 71.63% 60.09% 56.81% 57.89% 61.22% 50%
Earnings before Tax (EBT) 3.663 -20.24 - - - - -
Net income - -20.64 - - - - -
Net margin - -125.67% - - - - -
EPS - -0.1151 - - - - -
Free Cash Flow 1 11.66 9.674 10.86 6.516 - 2.918 2.892
FCF margin 70.23% 58.9% 67.97% 49.02% - 29.78% 43.82%
FCF Conversion (EBITDA) 100.8% - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 0.0381 0.0300 0.0306 0.0250 - 0.0200 0.0183
Announcement Date 3/17/20 3/30/21 3/22/22 3/28/23 3/26/24 - -
1GBP in Million2GBP
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 98.1 101 81.8 63.7 - 27.7 -
Net Cash position 1 - - - - - - 11.6
Leverage (Debt/EBITDA) 8.487 x - - - - - -
Free Cash Flow 1 11.7 9.67 10.9 6.52 - 2.92 2.89
ROE (net income / shareholders' equity) - - - - - - -
ROA (Net income/ Total Assets) - - - - - - -
Assets - - - - - - -
Book Value Per Share - - - - - - -
Cash Flow per Share - - - - - - -
Capex - - - - - - -
Capex / Sales - - - - - - -
Announcement Date 3/17/20 3/30/21 3/22/22 3/28/23 3/26/24 - -
1GBP in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
0.335 GBP
Average target price
0.48 GBP
Spread / Average Target
+43.28%
Consensus

Chiffre d''affaires - Rate of surprise

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