Carindale Property Trust
ASX:CDP
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P/OCF
Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.
Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.
Valuation Scenarios
If P/OCF returns to its 3-Year Average (13), the stock would be worth AU$4.9 (9% downside from current price).
| Scenario | P/OCF Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 14.4 | AU$5.4 |
0%
|
| 3-Year Average | 13 | AU$4.9 |
-9%
|
| 5-Year Average | 12.7 | AU$4.77 |
-12%
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| Industry Average | 17.5 | AU$6.58 |
+22%
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| Country Average | 13.2 | AU$4.96 |
-8%
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Forward P/OCF
Today’s price vs future operating cash flow
Peer Comparison
| Market Cap | P/OCF | P/E | ||||
|---|---|---|---|---|---|---|
| AU |
C
|
Carindale Property Trust
ASX:CDP
|
446.8m AUD | 14.4 | 8.9 | |
| US |
|
Simon Property Group Inc
NYSE:SPG
|
65.4B USD | 15.8 | 14.2 | |
| US |
|
Realty Income Corp
NYSE:O
|
59.1B USD | 14.8 | 55.9 | |
| SG |
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CapitaLand Integrated Commercial Trust
SGX:C38U
|
18.9B | 0 | 0 | |
| US |
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Kimco Realty Corp
NYSE:KIM
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16B USD | 14.3 | 29 | |
| US |
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Regency Centers Corp
NASDAQ:REG
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14.6B USD | 17.7 | 28.5 | |
| AU |
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Scentre Group
ASX:SCG
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19.2B AUD | 18.3 | 10.8 | |
| HK |
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Link Real Estate Investment Trust
HKEX:823
|
100.5B HKD | 11.2 | -14.7 | |
| FR |
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Klepierre SA
PAR:LI
|
10B EUR | 9.7 | 7.7 | |
| US |
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Federal Realty Investment Trust
NYSE:FRT
|
9.6B USD | 15.4 | 23.7 | |
| US |
|
Brixmor Property Group Inc
NYSE:BRX
|
9.3B USD | 14.2 | 24.1 |
Market Distribution
| Min | 0.2 |
| 30th Percentile | 8.9 |
| Median | 13.2 |
| 70th Percentile | 19.2 |
| Max | 8 864.3 |
Other Multiples
Carindale Property Trust
Glance View
Carindale Property Trust is a closed-ended investment fund/investment trust. The company is headquartered in Sydney, New South Wales and currently employs 0 full-time employees. The principal activity of the Trust is the long-term ownership of approximately 50% interest in the Westfield Carindale shopping center, which is located in the suburb of Carindale, east of Brisbane. The Trust’s investment properties include shopping center investments and development projects. The Trust’s shopping center investment comprises of freehold and leasehold land, buildings, and leasehold improvements. The Trust's Westfield Carindale incudes event cinemas complex and a range of other retailers including approximately 380 specialty stores. The Trust is managed by Scentre Management Limited, which is a member of the Scentre Group.
