Ble Kedros REIC (ATH:BLEKEDROS) Intrinsic Value: Projected FCF: €3.74 (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ATH:BLEKEDROS Ble Kedros REIC ATH:BLEKEDROS
81 GF Score
Price €4.53
GF Value €5.35
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Ble Kedros REIC Intrinsic Value: Projected FCF?

Ble Kedros REIC ATH:BLEKEDROS 81 Intrinsic Value: Projected FCF is €3.74 as of Sep. 21, 2026. GuruFocus rates ATH:BLEKEDROS with a GF Score™ of 81/100 and a GF Value™ of €5.35 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 616 REITs companies, Ble Kedros REIC ranks worse than 83.28% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-09-21), Ble Kedros REIC's Intrinsic Value: Projected FCF is €3.74. The stock price of Ble Kedros REIC is €4.53. Therefore, Ble Kedros REIC's Price-to-Intrinsic-Value-Projected-FCF of today is 1.2.

The historical rank and industry rank for Ble Kedros REIC's Intrinsic Value: Projected FCF or its related term are showing as below:

ATH:BLEKEDROS' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 1.14   Med: 1.14   Max: 1.22
Current: 1.21

During the past 9 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Ble Kedros REIC was 1.22. The lowest was 1.14. And the median was 1.14.

ATH:BLEKEDROS's Price-to-Projected-FCF is ranked worse than
83.28% of 616 companies
in the REITs industry
Industry Median: 0.63 vs ATH:BLEKEDROS: 1.21

Ble Kedros REIC  (ATH:BLEKEDROS) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Ble Kedros REIC's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=4.53/3.5649684542737
=1.27

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Ble Kedros REIC Intrinsic Value: Projected FCF Related Terms


Ble Kedros REIC Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Ble Kedros REIC's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ble Kedros REIC Intrinsic Value: Projected FCF Chart

Ble Kedros REIC Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only - - - - -

Ble Kedros REIC Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

ATH:BLEKEDROS vs HST, RHP, APLE: Intrinsic Value: Projected FCF Comparison

For the REIT - Hotel & Motel subindustry, Ble Kedros REIC's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ble Kedros REIC Price-to-Projected-FCF vs REITs Industry

For the REITs industry and Real Estate sector, Ble Kedros REIC's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Ble Kedros REIC's Price-to-Projected-FCF falls into.


ATH:BLEKEDROS
81GF Score
Ble Kedros REIC ATH:BLEKEDROS
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ble Kedros REIC Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Ble Kedros REIC's Free Cash Flow(6 year avg) = €3.00.

Ble Kedros REIC's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec25)*0.8)/Shares Outstanding (Diluted Average)
=(14.862653310476*2.9957328571429+127.47115*0.8)/41.094742
=3.56

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: Projected FCF of €3.74 mean?
Ble Kedros REIC (ATH:BLEKEDROS) has a Intrinsic Value: Projected FCF of €3.74 as of Sep. 21, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Ble Kedros REIC and its competitors. According to the industry distribution chart, Ble Kedros REIC ranks #513 out of 616 companies in the REITs industry, placing it in the top 83.3%.
Is Ble Kedros REIC's Intrinsic Value: Projected FCF too high?
Ble Kedros REIC's current Intrinsic Value: Projected FCF is €3.74. Based on the distribution chart, Ble Kedros REIC ranks #513 out of 616 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Ble Kedros REIC has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ble Kedros REIC's Intrinsic Value: Projected FCF compare to HST and RHP?
According to the REITs industry distribution chart, Ble Kedros REIC ranks #513 out of 616 companies for Intrinsic Value: Projected FCF. This places Ble Kedros REIC in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 0.63. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a REITs company?
The median Intrinsic Value: Projected FCF among REITs companies is 0.63, based on 616 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Ble Kedros REIC and its competitors. For the REITs industry, the median Intrinsic Value: Projected FCF is 0.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ble Kedros REIC's current Intrinsic Value: Projected FCF is €3.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ble Kedros REIC stock overvalued right now?
Based on GuruFocus' analysis, Ble Kedros REIC (ATH:BLEKEDROS) is currently considered Modestly Undervalued. The stock's GF Value™ is €5.35, compared to a current price of €4.53 — trading 15.3% below its estimated fair value. The current Intrinsic Value: Projected FCF is €3.74. Ble Kedros REIC's overall GF Score™ is 81/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Ble Kedros REIC (ATH:BLEKEDROS), the current Intrinsic Value: Projected FCF is €3.74 as of Sep. 21, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ble Kedros REIC (ATH:BLEKEDROS) Overvalued in 2026?

Based on GuruFocus' analysis, Ble Kedros REIC stock appears to be undervalued. The current stock price of €4.53 is trading 15.3% below its estimated GF Value™ of €5.35. GuruFocus considers Ble Kedros REIC to be Modestly Undervalued.

Key valuation signals for ATH:BLEKEDROS:

  • Intrinsic Value: Projected FCF: €3.74
  • GF Value™: €5.35 vs. price of €4.53 (15.3% below fair value)
  • GF Score™: 81/100 with 5 warning signs

No single metric tells the full story. See the ATH:BLEKEDROS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ble Kedros REIC Business Description

Industry Real EstateREITs
Other Exchanges N67:Germany
Address 4 Palaias Tatoiou Street, P.C. 14 671, Kifissia, Athens, GRC
Ble Kedros REIC operates as a Real Estate Investment Company (REIC). It operates in the field of real estate investment, development, and management. Its aim is to create a real estate portfolio that generates consistently high returns and generates stable cash inflows, It invests in commercial real estate which may be utilized immediately such as stores, offices, and industrial buildings, as well as assets for the future development such as plots of land.
81GF Score

Get the complete analysis for ATH:BLEKEDROS

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€4.53
Price
€5.35
GF Value