Elanor Commercial Property Fund
ASX:ECF

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Elanor Commercial Property Fund
ASX:ECF
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Price: 0.64 AUD 0.79% Market Closed
Market Cap: 260.5m AUD

Relative Value

The Relative Value of one ECF stock under the Base Case scenario is 1.04 AUD. Compared to the current market price of 0.64 AUD, Elanor Commercial Property Fund is Undervalued by 38%.

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.

ECF Relative Value
Base Case
1.04 AUD
Undervaluation 38%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
63
vs Industry
37
Median 3Y
4.9
Median 5Y
4.9
Industry
3.8
Forward
6.3
vs History
vs Industry
33
Median 3Y
-7.8
Median 5Y
-7.2
Industry
16.2
Forward
10
vs History
52
vs Industry
41
Median 3Y
8.3
Median 5Y
8.8
Industry
11.2
vs History
28
vs Industry
35
Median 3Y
6.6
Median 5Y
5.7
Industry
12.8
vs History
7
vs Industry
44
Median 3Y
0.8
Median 5Y
0.8
Industry
0.9
vs History
57
vs Industry
37
Median 3Y
8.4
Median 5Y
8.4
Industry
6.9
Forward
10.8
vs History
vs Industry
Median 3Y
0
Median 5Y
0
Industry
12.5
vs History
42
vs Industry
47
Median 3Y
12.8
Median 5Y
12.7
Industry
15.8
Forward
14.3
vs History
42
vs Industry
49
Median 3Y
12.8
Median 5Y
12.7
Industry
19.1
Forward
14.3
vs History
49
vs Industry
40
Median 3Y
13.7
Median 5Y
14.9
Industry
18.5
vs History
49
vs Industry
36
Median 3Y
13.7
Median 5Y
14.9
Industry
20.5
vs History
7
vs Industry
33
Median 3Y
0.8
Median 5Y
0.8
Industry
0.8

Multiples Across Competitors

ECF Competitors Multiples
Elanor Commercial Property Fund Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
AU
Elanor Commercial Property Fund
ASX:ECF
258.4m AUD 4.9 -48.3 12.8 12.8
US
Boston Properties Inc
NYSE:BXP
11.3B USD 3.3 -56.6 14.2 26.8
US
Alexandria Real Estate Equities Inc
NYSE:ARE
8.1B USD 2.5 -19.2 9.9 27.1
JP
Nippon Building Fund Inc
TSE:8951
1.2T JPY 12 26.4 26.6 35
FR
Covivio SA
PAR:COV
6B EUR 4.4 14.5 14.3 17
US
Vornado Realty Trust
NYSE:VNO
6.7B USD 3.7 7.9 17.2 48
US
COPT Defense Properties
NYSE:CDP
6.6B USD 8.8 44 39.7 39.7
JP
Japan Real Estate Investment Corp
TSE:8952
919.9B JPY 10.8 24.5 24.1 31.3
AU
Dexus
ASX:DXS
7.4B AUD 7.8 47.7 30.8 30.8
US
Kilroy Realty Corp
NYSE:KRC
4.7B USD 4.2 14.7 13 26.7
JP
Kenedix Office Investment Corp
TSE:8972
707.3B JPY 9.1 21 23.5 29.6
P/E Multiple
Earnings Growth PEG
AU
Elanor Commercial Property Fund
ASX:ECF
Average P/E: 25.1
Negative Multiple: -48.3
N/A N/A
US
Boston Properties Inc
NYSE:BXP
Negative Multiple: -56.6
202%
N/A
US
Alexandria Real Estate Equities Inc
NYSE:ARE
Negative Multiple: -19.2
-53%
N/A
JP
Nippon Building Fund Inc
TSE:8951
26.4
1%
26.4
FR
Covivio SA
PAR:COV
14.5
101%
0.1
US
Vornado Realty Trust
NYSE:VNO
7.9
47%
0.2
US
COPT Defense Properties
NYSE:CDP
44
5%
8.8
JP
Japan Real Estate Investment Corp
TSE:8952
24.5
-2%
N/A
AU
Dexus
ASX:DXS
47.7
64%
0.7
US
Kilroy Realty Corp
NYSE:KRC
14.7
-30%
N/A
JP
Kenedix Office Investment Corp
TSE:8972
21
-12%
N/A