Elanor Commercial Property Fund
ASX:ECF

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Elanor Commercial Property Fund
ASX:ECF
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Price: 0.68 AUD Market Closed
Market Cap: 276.8m AUD

Relative Value

The Relative Value of one ECF stock under the Base Case scenario is 0.92 AUD. Compared to the current market price of 0.68 AUD, Elanor Commercial Property Fund is Undervalued by 26%.

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
0.92 AUD
Undervaluation 26%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
30
vs Industry
37
Median 3Y
4.9
Median 5Y
4.9
Industry
3.8
Forward
6.7
vs History
vs Industry
33
Median 3Y
-7.5
Median 5Y
-7.2
Industry
17
Forward
9.9
vs History
7
vs Industry
41
Median 3Y
8.2
Median 5Y
8.9
Industry
11.2
vs History
1
vs Industry
35
Median 3Y
6
Median 5Y
5.6
Industry
13.4
vs History
0
vs Industry
44
Median 3Y
0.8
Median 5Y
0.8
Industry
0.9
vs History
28
vs Industry
37
Median 3Y
8.4
Median 5Y
8.4
Industry
6.7
Forward
11
vs History
vs Industry
Median 3Y
0
Median 5Y
0
Industry
12.4
vs History
25
vs Industry
47
Median 3Y
12.8
Median 5Y
12.4
Industry
16.2
Forward
13.4
vs History
25
vs Industry
49
Median 3Y
12.8
Median 5Y
12.4
Industry
19.5
Forward
13.4
vs History
7
vs Industry
40
Median 3Y
13.5
Median 5Y
14.9
Industry
18.7
vs History
7
vs Industry
36
Median 3Y
13.5
Median 5Y
14.9
Industry
20.5
vs History
0
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

Market Cap P/S P/E EV/EBITDA EV/EBIT
AU
Elanor Commercial Property Fund
ASX:ECF
276.8m AUD 5.5 -15.2 13.7 13.7
US
Alexandria Real Estate Equities Inc
NYSE:ARE
12.8B USD 4 -594.5 11.8 30.3
US
Boston Properties Inc
NYSE:BXP
10.4B USD 3 2 101.9 13.6 25.3
JP
Nippon Building Fund Inc
TSE:8951
1.2T JPY 11.8 25.8 26.4 34.9
FR
Covivio SA
PAR:COV
6.5B EUR 4.7 15.6 14.8 17.6
US
Vornado Realty Trust
NYSE:VNO
7.3B USD 4 8.9 17.6 49.2
US
COPT Defense Properties
NYSE:CDP
6.3B USD 8.3 43.5 38.9 38.9
JP
Japan Real Estate Investment Corp
TSE:8952
906.4B JPY 10.6 24 23.9 31
AU
Dexus
ASX:DXS
8.1B AUD 9.4 -8.3 33.5 33.5
US
Cousins Properties Inc
NYSE:CUZ
4.7B USD 5.1 78.7 13.1 37.7
US
Kilroy Realty Corp
NYSE:KRC
4.6B USD 4 21 12.9 26.5
P/E Multiple
Earnings Growth PEG
AU
Elanor Commercial Property Fund
ASX:ECF
Average P/E: 289.9
Negative Multiple: -15.2
N/A N/A
US
Alexandria Real Estate Equities Inc
NYSE:ARE
Negative Multiple: -594.5
1%
N/A
US
Boston Properties Inc
NYSE:BXP
2 101.9
185%
11.4
JP
Nippon Building Fund Inc
TSE:8951
25.8
0%
N/A
FR
Covivio SA
PAR:COV
15.6
98%
0.2
US
Vornado Realty Trust
NYSE:VNO
8.9
138%
0.1
US
COPT Defense Properties
NYSE:CDP
43.5
6%
7.3
JP
Japan Real Estate Investment Corp
TSE:8952
24
-1%
N/A
AU
Dexus
ASX:DXS
Negative Multiple: -8.3 N/A N/A
US
Cousins Properties Inc
NYSE:CUZ
78.7
17%
4.6
US
Kilroy Realty Corp
NYSE:KRC
21
-22%
N/A