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Prodea Real Estate Investment Company (PRODEA) Fair Value & Analysis

Real Estate · GR · Market cap €1.0B

PR Prodea Real Estate Investment Company PRODEA · AT
Price€2.92
Fair Value€5.57
Upside+90.8%
Quality41/100
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Mixed Growth
Thin margins · 5.2% net margin
Moderate debt · negative free cash flow
Trails peers (2/10)
Narrow moat 29/100
Evidence: Medium Range €4.18 – €5.57 Share as image

Fair value as of: Jul 27, 2026

From 7 valuation models · updated 14 days ago

Share price −2.7% over the past month.

Below-average quality, screening 91% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (41/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (€4.18). The market is more pessimistic than our downside scenario.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

€5.42 €1.91 Fair Value €5.57 Jun 2018 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 27, 2026.

How to read this chart

60‑month range €1.91 – €5.42 · fair‑value band €4.18 – €5.57 · the €2.92 price screens below the €5.57 fair value. Dashed = 300-day average. As of Jul 27, 2026.

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Analysis

Prodea Real Estate Investment Company (PRODEA) currently trades at €2.92, while our model-based Fair Value estimate is €5.57, implying the stock looks roughly 90.8% undervalued today. The Quality Score stands at 41/100 (below-average quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Prodea Real Estate Investment Company generated revenue of €200M at a net margin of 5.2%. Revenue declined 9.6% year over year. It earns a return on equity of 0.8%. Net debt stands at €1.3B. Fundamentals as of Jul 27, 2026

Our scenario range runs from €4.18 (bear case) to €5.57 (bull case); at €2.92, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 38% below its 52-week high, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 28% fair-value upside, at 91%, PRODEA screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income €4.41 €4.65 €4.99 76
P/S Multiple €4.18 €5.57 €6.96 58
P/B Multiple €5.98 €7.97 €9.97 55
All 7 models by family
Multiples
P/S Multiple €4.18 €5.57 €6.96 58
P/B Multiple €5.98 €7.97 €9.97 55
EV/EBIT €2.00 €4.08 €6.16 53
EV/EBITDA €0.9600 €2.70 €4.43 54
EV/Revenue €0.6800 €2.15 43
Asset-Based
NCAV (Graham) €2.78 €3.73 €5.57 50
Economic Profit
Residual Income €4.41 €4.65 €4.99 76

Widest divergence: Economic Profit (€4.65) versus Asset-Based (€3.73). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) €200M
Revenue growth (YoY) -9.6%
Net margin 5.2%
Return on equity 0.8%
Free cash flow −€11.6M FY2024
P/E ratio 6.6
More key figures
Operating margin 12.3%
EPS (TTM) €0.5900
EPS growth (YoY) +48.6%
Net debt €1.3B FY2024

Figures from reported company fundamentals · as of Jul 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 41/100

Of which business quality 41 · Market factors (momentum, volatility) 26

Profitability 37
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 17
Earnings quality: real cash, not paper profit
Fin. Strength 33
Balance sheet, leverage, solvency risk
Investment 54
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 7
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Prodea Real Estate Investment Company Société Anonyme, together with its subsidiaries, invests in, manages, and operates real estate properties primarily in Greece, Italy, and Romania. The company's properties include retail and office properties, and land plots, as well as city hotels, storage spaces, archives, petrol stations, and parking spaces.

Full company description

Prodea Real Estate Investment Company Société Anonyme, together with its subsidiaries, invests in, manages, and operates real estate properties primarily in Greece, Italy, and Romania. The company's properties include retail and office properties, and land plots, as well as city hotels, storage spaces, archives, petrol stations, and parking spaces. It primarily serves blue-chip tenants. The company is headquartered in Athens, Greece. Prodea Real Estate Investment Company Société Anonyme is a subsidiary of Invel Real Estate (Netherlands) II B.V.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Prodea Real Estate Investment Company reported revenue of €228M in FY2024 versus €134M in FY2020, a compound +14.2%/yr. Reported net income was €125M in FY2024, compounding +21.3%/yr from FY2020.

Growth Quality 24/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
€228M
Latest YoY
+34.8%
Avg. growth/yr (3Y)
+19.2%
Avg. growth/yr (5Y)
+5.4%
Avg. growth/yr (6Y)
+11.0%
Revenue +14.2%/yr
FY20 €134M
FY21 €134M
FY22 €187M
FY23 €169M
FY24 €228M
Net income +21.3%/yr
FY20 €57.6M
FY21 €178M
FY22 €129M
FY23 €87.1M
FY24 €125M

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Cite: Fair Value Calculator (2026). "Prodea Real Estate Investment Company Fair Value". https://www.fairvalue-calculator.com/stock/PRODEA

Peer Group

Real Estate · 1891 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “REIT-Office” was too small, so the broader sector is used.)

Quality Score 42 · Bottom 25%
Fair Value upside +91% · Top 25%
Return on equity (TTM) 1% · Below median
Return on assets 1% · Below median
Net margin (TTM) 5% · Below median
Operating margin (TTM) 12% · Below median
Revenue growth -10% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.83× · Higher than median

Valuation Multiples vs Real Estate median · lower = cheaper

P/E (TTM) 6.6× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 33
FUTURE 0 · sector 8
PAST 3 · sector 15
HEALTH 59 · sector 78
DIVIDEND 0 · sector 68

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more REIT-Office stocks, each showing price versus our Fair Value estimate (as of Jul 27, 2026).

Stock Price Fair Value vs Fair Value
BriQ Properties Real Estate Investment Company BRIQ €3.14 €4.11 +31%
Vingroup Joint Stock Company VIC 223,000 VND 25,731 VND -88%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Plaza S.A MALLPLAZA 3,725 CLP 5,571 CLP +50%
Cencosud Shopping S.A CENCOMALLS 2,324 CLP 2,976 CLP +28%
Parque Arauco S.A PARAUCO 3,940 CLP 2,777 CLP -30%
PT Sarana Menara Nusantara Tbk. owns and TOWR 372.00 IDR 1,208 IDR +225%
Vincom Retail Joint Stock Company VRE 25,050 VND 36,826 VND +47%
PT Metropolitan Kentjana Tbk MKPI 20,975 IDR 19,160 IDR -9%
PT Bangun Kosambi Sukses Tbk, CBDK 3,530 IDR 3,464 IDR -2%

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Frequently asked questions

Is Prodea Real Estate Investment Company (PRODEA) overvalued or undervalued?
As of Jul 27, 2026, our model estimates a fair value of €5.57 versus a price of €2.92, about +91% (undervalued).
What is the fair value of PRODEA?
Our model-based fair value for Prodea Real Estate Investment Company is €5.57 (as of Jul 27, 2026), built from audited fundamentals. The current price is €2.92.
What is the quality score of PRODEA?
Prodea Real Estate Investment Company has a Quality Score of 41/100. 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 revenue of Prodea Real Estate Investment Company (PRODEA)?
Prodea Real Estate Investment Company reported trailing-twelve-month revenue of about €200M (latest available figure, as of Jul 27, 2026).
What is the net profit margin of PRODEA?
The net profit margin of Prodea Real Estate Investment Company is about 5.2%, meaning it keeps roughly 5.2% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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