Company Valuation: CEE Properties REIT

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 1.365 1.95 2.053 2.145 2.187 2.25
Change - 42.91% 5.28% 4.47% 1.98% 2.87%
Enterprise Value (EV) 1 19.99 22.93 21.43 16.79 10.17 6.236
Change - 14.73% -6.55% -21.66% -39.41% -38.69%
P/E 10.6x 29.1x 4.34x 74x 35.2x 77.6x
PBR 1.02x 1.49x 1.15x 1.19x 1.17x 1.18x
PEG - -0.6x 0x -0.8x 0x -1.5x
Capitalization / Revenue - - - - - -
EV / Revenue - - - - - -
EV / EBITDA - - - - - -
EV / EBIT -53.3x -90.6x 16.6x 27.7x 17.5x 57.2x
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.1985 0.1031 0.7277 0.0446 0.0954 0.0446
Distribution rate - - - - - -
Net sales - - - - - -
EBITDA - - - - - -
EBIT 1 -0.375 -0.253 1.289 0.605 0.58 0.109
Net income 1 0.129 0.067 0.473 0.029 0.062 0.029
Net Debt 1 18.62 20.98 19.38 14.64 7.984 3.986
Reference price 2 2.100 3.000 3.160 3.300 3.360 3.460
Nbr of stocks (in thousands) 650 650 650 650 650 650
Announcement Date 3/10/22 3/10/22 3/28/23 3/25/24 3/25/26 3/25/26
1BGN in Million2BGN
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 1.38M
21.43x12.72x15.27x5.79% 14.93B
8.47x14.36x18.53x6.36% 7.27B
12.51x14.83x15.81x5.1% 6.46B
20.96x13.36x14.95x4.76% 5.89B
9.87x14.52x15.51x7.05% 5.76B
8.23x13.88x17.68x5.79% 5.78B
9.19x16.14x19.49x8.73% 5.31B
12.52x11.43x13.04x5.51% 5.07B
19x10.06x12.78x6.34% 4.47B
Average 13.58x 13.48x 15.90x 6.16% 6.09B
Weighted average by Cap. 14.56x 13.48x 15.94x 6.08%

Y-o-Y evolution of P/E

Valuation ratios - P/E - CEE Properties REIT

Historical PBR trend

Valuation ratios - PBR - CEE Properties REIT

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - CEE Properties REIT

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - CEE Properties REIT

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  4. Valuation CEE Properties REIT