The estimated intrinsic value of New Concept Energy, Inc. (GBR) using a Price-to-Funds From Operations (P/FFO) model is $0.05 (based on the recommended P/FFO method), compared to the current stock price of $0.75. This suggests the stock may be overvalued by 93.3% relative to its intrinsic value.
For Real Estate Investment Trusts (REITs), standard DCF models can be misleading because depreciation — a large non-cash charge — distorts net income. Instead, SharesGrow uses a Price-to-FFO (Funds From Operations) model: Intrinsic Value = FFO Per Share × 17 (sector-average P/FFO multiple). FFO adds back depreciation to net income, providing a more accurate picture of a REIT's recurring cash-generating ability — the industry-standard metric for REIT valuation.
The valuation uses a CAPM-derived discount rate of 5.64% (CAPM-derived from beta of 0.97).
⚠ Why is the Intrinsic Value (IV) not available for this stock?
Our Discounted Cash Flow (DCF) model cannot produce a meaningful Intrinsic Value (IV) for New Concept Energy, Inc. (GBR) at this time. The DCF model requires positive cash flows as a starting point for projecting future value.
Net Income (NI) is negative. The company is operating at a loss. While cash flow may be slightly positive due to non-cash adjustments, the overall profitability picture does not support a reliable Discounted Cash Flow (DCF) valuation.
No analyst earnings estimates available. Without forward-looking Earnings Per Share (EPS) estimates from analysts, we cannot derive a meaningful growth rate for the Discounted Cash Flow (DCF) projection. The model falls back to historical growth, which may be unreliable for companies undergoing significant change.
You can still explore the calculator below by manually entering a positive cash flow value and growth assumptions to model potential future scenarios.
DCF-20 Year
GBR
Intrinsic Value Calculator —
New Concept Energy, Inc.
