Relative Value

The Relative Value of one DXS stock under the Base Case scenario is 15.39 AUD. Compared to the current market price of 7.6 AUD, Dexus is Undervalued by 51%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

DXS Relative Value
Base Case
15.39 AUD
Undervaluation 51%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
50
vs Industry
17
Median 3Y
9.5
Median 5Y
9.5
Industry
3.6
Forward
8.5
vs History
vs Industry
39
Median 3Y
-4.9
Median 5Y
5.8
Industry
16.4
Forward
12.6
vs History
79
vs Industry
38
Median 3Y
12.9
Median 5Y
12.5
Industry
11
vs History
38
vs Industry
33
Median 3Y
8.2
Median 5Y
6.9
Industry
12.7
vs History
19
vs Industry
48
Median 3Y
0.7
Median 5Y
0.7
Industry
0.8
vs History
46
vs Industry
16
Median 3Y
14.6
Median 5Y
14.5
Industry
6.4
Forward
13.1
vs History
80
vs Industry
25
Median 3Y
19.3
Median 5Y
21.1
Industry
11.9
vs History
23
vs Industry
12
Median 3Y
32.5
Median 5Y
32.1
Industry
15.8
Forward
15.6
vs History
23
vs Industry
17
Median 3Y
32.5
Median 5Y
32.1
Industry
18.9
Forward
15.7
vs History
77
vs Industry
42
Median 3Y
20.2
Median 5Y
19.1
Industry
18.5
vs History
77
vs Industry
38
Median 3Y
20.3
Median 5Y
19.3
Industry
20.3
vs History
23
vs Industry
41
Median 3Y
0.7
Median 5Y
0.8
Industry
0.7

Multiples Across Competitors

DXS Competitors Multiples
Dexus Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
AU
Dexus
ASX:DXS
8.2B AUD 9.5 -8.4 33.8 33.8
US
Alexandria Real Estate Equities Inc
NYSE:ARE
12.6B USD 3.9 96.1 11.4 27.4
US
Boston Properties Inc
NYSE:BXP
10.2B USD 3 -2 292.7 13.5 25.2
JP
Nippon Building Fund Inc
TSE:8951
1.1T JPY 11.3 24.7 25.6 33.9
US
Vornado Realty Trust
NYSE:VNO
7.5B USD 4.1 71.7 19.5 53.4
FR
Covivio SA
PAR:COV
5.4B EUR 4.2 79.9 15.6 17.8
US
COPT Defense Properties
NYSE:CDP
6B USD 8 42.5 38.5 38.5
JP
Japan Real Estate Investment Corp
TSE:8952
813.2B JPY 9.7 21.7 22.1 28.8
US
Cousins Properties Inc
NYSE:CUZ
4.7B USD 5.3 88 13.6 40.8
JP
Kenedix Office Investment Corp
TSE:8972
609B JPY 7.8 12.3 21.2 26.4
ES
Inmobiliaria Colonial SOCIMI SA
MAD:COL
3.6B EUR 7.1 11.7 21.6 22.1