Elanor Commercial Property Fund
ASX:ECF

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Elanor Commercial Property Fund
ASX:ECF
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Price: 0.535 AUD -1.83%
Market Cap: AU$217.7m

EV/IC

0.8
Current
0%
Cheaper
vs 3-y average of 0.8

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
0.8
=
Enterprise Value
AU$418.1m
/
Invested Capital
AU$474.7m

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
0.8
=
Enterprise Value
AU$418.1m
/
Invested Capital
AU$474.7m

Valuation Scenarios

Elanor Commercial Property Fund is trading below its 3-year average

If EV/IC returns to its 3-Year Average (0.8), the stock would be worth AU$0.54 (0% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+102%
Average Upside
27%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 0.8 AU$0.54
0%
3-Year Average 0.8 AU$0.54
+0%
5-Year Average 0.8 AU$0.54
+0%
Industry Average 0.9 AU$0.55
+3%
Country Average 1.7 AU$1.08
+102%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
P/E Multiple
Earnings Growth PEG
AU
Elanor Commercial Property Fund
ASX:ECF
Average P/E: 32.2
Negative Multiple: -40.4
N/A N/A
US
Boston Properties Inc
NYSE:BXP
29.2
9%
3.2
FR
Covivio SA
PAR:COV
8.4
-7%
N/A
JP
Nippon Building Fund Inc
TSE:8951
26.5
4%
6.6
US
Alexandria Real Estate Equities Inc
NYSE:ARE
Negative Multiple: -4.8 N/A N/A
US
COPT Defense Properties
NYSE:CDP
44.8
3%
14.9
US
Vornado Realty Trust
NYSE:VNO
6.8
-56%
N/A
JP
Japan Real Estate Investment Corp
TSE:8952
23.2
2%
11.6
AU
Dexus
ASX:DXS
13.1
64%
0.2
SG
Keppel REIT
SGX:K71U
Not Available
-21%
N/A
US
Cousins Properties Inc
NYSE:CUZ
105.6
20%
5.3

Market Distribution

Lower than 81% of companies in Australia
Percentile
19th
Based on 2 047 companies
19th percentile
0.8
Low
0 — 1.1
Typical Range
1.1 — 3.5
High
3.5 —
Distribution Statistics
Australia
Min 0
30th Percentile 1.1
Median 1.7
70th Percentile 3.5
Max 3 073.7

Elanor Commercial Property Fund
Glance View

Market Cap
217.7m AUD
Industry
Real Estate

Elanor Commercial Property Fund is a real estate investment trust investing in commercial office assets. The company is headquartered in Sydney, New South Wales. The company went IPO on 2019-12-06. The firm's investment property portfolio consists of approximately seven commercial properties in Australia. The firm's investment objective is to provide risk-adjusted returns by investing in commercial office properties. The firm's investment strategy includes investing in commercial properties located in metropolitan areas and commercial precincts, implement leasing and active asset management, acquiring additional investment grade commercial properties and to maintain a capital structure with a target gearing range between approximately 30% and 40%. The firm is managed by Elanor Funds Management Limited.

ECF Intrinsic Value
0.836 AUD
Undervaluation 36%
Intrinsic Value
Price AU$0.535
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