One United Properties SA (ONE) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of One United Properties SA stock RON 28.92, price RON 33.30, that is 13.2% below the price, quality 44 out of 100. Rating: overvalued. Calculated from audited financials with 9 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range 16.21 RON – 36.75 RON · fair‑value band 26.33 RON – 35.29 RON · the 33.30 RON price screens above the 28.92 RON fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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One United Properties SA, together with its subsidiaries, develops and sells real estate properties in Romania. It operates through Residential; and Office, Retail & Landbank segments.
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The company engages in the investment and development of residential, mixed-use, commercial, office, and hospitality real estate projects under the One brand. It also provides architecture services for group and non-group projects; project development; property management; and management services.
In addition, the company leases office premises and retail spaces. One United Properties SA was incorporated in 2007 and is headquartered in Bucharest, Romania.
Stock analysis
One United Properties SA (ONE) currently trades at 33.30 RON, while our model-based Fair Value estimate is 28.92 RON, 13% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 61.75 RON per share, and 5 of the 9 models we run sit above the 33.30 RON price.
Bear case: the Dividend Discount group reads lowest at 8.70 RON, and 4 of the 9 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 26.33 RON (bear) to 35.29 RON (bull), the price of 33.30 RON sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 44/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
One United Properties SA reported revenue of 1.3B RON in FY2025 versus 715M RON in FY2021, a compound +15.1%/yr. Reported net income was 395M RON in FY2025, compounding +0.2%/yr from FY2021.
Key figures
Market cap 3.7B RON (≈ $771M) Small · P/E ratio 17.5 · P/S ratio 3.65 · EPS (TTM) 1.90 RON · Dividend yield 1.3% · Net margin 20.0% · Return on equity 6.9% · Return on assets (EBIT) 6.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 65 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 30% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 33% fair-value upside, at −13%, ONE screens richer than that median.
Fair Value models
Bear26.33 RONFair Value 28.92 RONBull35.29 RON
Price 33.30 RON · Downside -13.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (1.25 RON per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−4.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.9%
’21
’22
’23
’24
’25
What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−5.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−6.4%
Dividend (yield on the price)1.3%
Profit margin 2021 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.30% → 32%
Compare One United Properties SA with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Real Estate - Development · 489 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score44 · Below median
Fair Value upside−13.2% · Below median
Profitability
Return on equity (12 months)6.9% · Above median
Return on assets6.0% · Top 25%
Net margin (12 months)20.0% · Above median
Operating margin (12 months)48.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−44.7% · Bottom 25%
Dividend yield (12 months)1.3% · Below median
Balance sheet
Debt / equity0.40× · Above median
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "One United Properties SA Fair Value". https://www.fairvalue-calculator.com/stock/ONE
Frequently asked questions
Is One United Properties SA (ONE) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 28.92 RON versus a price of 33.30 RON, about 13% lower (overvalued).
What is the fair value of ONE?
Our model-based fair value for One United Properties SA is 28.92 RON (as of Nov 6, 2026), built from audited fundamentals. The current price: 33.30 RON.
What is the quality score of ONE?
One United Properties SA has a Quality Score of 44/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for One United Properties SA (ONE)?
Our model-based price target is the fair value of 28.92 RON (as of Nov 6, 2026) from 9 valuation models. Cautious scenario 26.33 RON, optimistic scenario 35.29 RON. It is a calculation from audited fundamentals, not an analyst target.
What is the One United Properties SA stock forecast for 2026?
Our models put fair value at 28.92 RON, about 13% lower versus a price of 33.30 RON (overvalued). Cautious scenario 26.33 RON, optimistic scenario 35.29 RON. The calculation is refreshed regularly with new filings.
What is the revenue of One United Properties SA (ONE)?
One United Properties SA reported trailing-twelve-month revenue of about 1.0B RON (latest available figure, as of Nov 6, 2026).
Does One United Properties SA pay a dividend?
One United Properties SA currently shows a dividend yield of 1.32% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of One United Properties SA (ONE) and when is the ex-dividend date?
One United Properties SA pays a dividend of 0.44 RON per share a year, a dividend yield of 1.3%. The last ex-dividend date was May 19, 2026. A dividend has been paid every year since at least 2021. The payout ratio is 23.2% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of One United Properties SA (ONE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For One United Properties SA it is 28.92 RON per share (as of Nov 6, 2026), against a price of 33.30 RON. It is the blended result of 9 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is One United Properties SA stock overvalued or undervalued in 2026?
As of Nov 6, 2026, ONE trades above its calculated fair value: price 33.30 RON, fair value 28.92 RON, a gap of about −13% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ONE?
No. The price is what the market pays today (33.30 RON); the fair value is what the company's own numbers justify (28.92 RON). For One United Properties SA the two are 4.38 RON per share apart. That gap is exactly why we show both numbers side by side.
How much is One United Properties SA worth?
The market values One United Properties SA at about 3.7B RON (market capitalisation, as of Nov 6, 2026). Per share that is 33.30 RON; our models calculate a fair value of 28.92 RON per share.
What do the bullish and bearish scenarios say about ONE?
Our models span a range for One United Properties SA: cautious scenario 26.33 RON, base 28.92 RON, optimistic 35.29 RON per share (as of Nov 6, 2026, price 33.30 RON). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ONE?
One United Properties SA trades at a price-to-earnings ratio of 17.5 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 28.92 RON is built from several models across several years. Other multiples: P/B 1.1, P/S 3.6, EV/EBITDA 10.8.
How solid is the balance sheet of One United Properties SA (ONE)?
Balance-sheet figures for One United Properties SA (as of Nov 6, 2026): return on equity 6.9%, debt of 0.40 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is ONE from its 52-week high?
One United Properties SA trades at 33.30 RON, about 6% below its 52-week high of 35.30 RON and 30% above the low of 25.52 RON (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 28.92 RON is for.
Which stocks are comparable to One United Properties SA?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, CK Asset Holdings, DLF Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is One United Properties SA stock attractive at the current price?
The data as of Nov 6, 2026: price 33.30 RON, calculated fair value 28.92 RON (−13%), Quality Score 44/100, from 9 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ONE calculated?
We run One United Properties SA through 9 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 28.92 RON builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. One United Properties SA itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of One United Properties SA (ONE)?
The closing price on Nov 6, 2026 was 33.30 RON. Our model-based fair value is 28.92 RON, about 13% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with One United Properties SA right now?
As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of One United Properties SA
How large is the market capitalisation of One United Properties SA (ONE)?
The market capitalisation of One United Properties SA is 3.7B RON (≈ $771M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of One United Properties SA (ONE)?
The price-to-sales ratio of One United Properties SA is 3.65 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of One United Properties SA (ONE)?
Earnings per share at One United Properties SA are 1.90 RON (price ÷ EPS = P/E 17.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of One United Properties SA (ONE)?
The dividend yield of One United Properties SA is 1.3% (payout 23.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of One United Properties SA (ONE)?
The net margin of One United Properties SA is 20.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of One United Properties SA (ONE)?
The return on equity (ROE) of One United Properties SA is 6.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of One United Properties SA (ONE)?
On an EBIT basis the return on assets of One United Properties SA is 6.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of One United Properties SA (ONE)?
The operating margin of One United Properties SA is 48.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at One United Properties SA (ONE)?
Revenue at One United Properties SA is growing −44.7% versus a year earlier (3y avg +13.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at One United Properties SA (ONE)?
Earnings per share at One United Properties SA are growing −80.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does One United Properties SA (ONE) generate?
The free cash flow of One United Properties SA is −73.2M RON (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does One United Properties SA (ONE) carry?
The net debt of One United Properties SA is 910M RON (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 6, 2026