Elanor Commercial Property Fund
ASX:ECF
Intrinsic Value
Elanor Commercial Property Fund is a real estate investment trust investing in commercial office assets. [ Read More ]
The intrinsic value of one
ECF
stock under the Base Case scenario is
0.863
AUD.
Compared to the current market price of 0.695 AUD,
Elanor Commercial Property Fund
is
Undervalued by 19%.
Elanor Commercial Property Fund's market capitalization is 220m AUD.
ECF stock price is 0.695 AUD.
ECF stock price (0.695 AUD) is 19% less than its Intrinsic Value (0.863 AUD).
ECF stock price (0.695 AUD) is 35% less than its Relative Value (1.064 AUD). Open Relative Valuation
ECF has upside potential of 20% compared to the average analyst price target.
Open Wall St Estimates
ECF's Revenue has grown by 3% over the past 12 months.
ECF's ROIC (Return on Invested Capital) has decreased in the last 3 years from 8% to 6%.
ECF's ROIC (Return on Invested Capital) for the past 12 months is positive and is equal to 6%.
ECF has positive three-year average ROIC (Return on Invested Capital): 7%. The company is efficient at using invested capital to generate operating income.
ECF's Revenue has been growing by 10% per year for the last 3 years.
ECF has positive three-year average ROE (Return on Equity): 5%. The company is efficient at transforming stockholders' equity into net income.
ECF's short-term liabilties (15m AUD) exceed its short-term assets (12m AUD).
ECF's Revenue is forecast to fall at a rate of 11% per year over the next 3 years.
ECF's ROE (Return on Equity) has significantly decreased in the last 3 years from 6% to -9%.
ECF has negative Net Income for the last twelve months.
ECF's ROE (Return on Equity) for the past 12 months is negative and is equal to -9%.
ECF's D/E (Debt to Equity) is very low and is equal to 0.64.
ECF has positive Operating Income for the last twelve months.
ECF's long-term assets (508m AUD) exceed its long-term liabilties (209m AUD).
ECF has positive Free Cash Flow for the last twelve months.
ECF has positive Net Debt. This means that the company has more debt (192m AUD) than cash and short-term investments (8m AUD).
ECF's Altman Z-Score is very low and is equal to 0.79.
ECF doesn't generate enough operating income (34m AUD) to safely cover interest payments on its debt (-6m AUD).
Valuation Backtest
Elanor Commercial Property Fund
Run backtest to discover the historical profit from buying and selling
ECF
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Elanor Commercial Property Fund
Balance Sheet Decomposition
Elanor Commercial Property Fund
| Current Assets | 12.1m |
| Cash & Short-Term Investments | 8m |
| Receivables | 943k |
| Other Current Assets | 3.1m |
| Non-Current Assets | 495.9m |
| Long-Term Investments | 492.5m |
| Other Non-Current Assets | 3.4m |
| Current Liabilities | 14.9m |
| Accounts Payable | 5m |
| Other Current Liabilities | 10m |
| Non-Current Liabilities | 194.5m |
| Long-Term Debt | 192.3m |
| Other Non-Current Liabilities | 2.2m |
Earnings Waterfall
Elanor Commercial Property Fund
|
Revenue
|
51.7m
AUD
|
|
Operating Expenses
|
-18.2m
AUD
|
|
Operating Income
|
33.6m
AUD
|
|
Other Expenses
|
-63.3m
AUD
|
|
Net Income
|
-29.8m
AUD
|
Free Cash Flow Analysis
Elanor Commercial Property Fund
What is Free Cash Flow?
ECF Profitability Score
Profitability Due Diligence
Elanor Commercial Property Fund's profitability score is 53/100. The higher the profitability score, the more profitable the company is.
Score
Elanor Commercial Property Fund's profitability score is 53/100. The higher the profitability score, the more profitable the company is.
ECF Solvency Score
Solvency Due Diligence
Elanor Commercial Property Fund's solvency score is 29/100. The higher the solvency score, the more solvent the company is.
Score
Elanor Commercial Property Fund's solvency score is 29/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
ECF Price Targets Summary
Elanor Commercial Property Fund
According to Wall Street analysts, the average 1-year price target for
ECF
is 0.836 AUD
with a low forecast of 0.758 AUD and a high forecast of 0.935 AUD.
Shareholder Return
ECF Price
Elanor Commercial Property Fund
| Average Annual Return | 0.24% |
| Standard Deviation of Annual Returns | 9.9% |
| Max Drawdown | -35% |
| Market Capitalization | 220m AUD |
| Shares Outstanding | 316 556 000 |
| Percentage of Shares Shorted |
N/A
|
Company Profile
Elanor Commercial Property Fund
Country
Industry
Market Cap
Dividend Yield
Description
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.
Contact
IPO
Employees
Officers
The intrinsic value of one
ECF
stock under the Base Case scenario is
0.863
AUD.
Compared to the current market price of 0.695 AUD,
Elanor Commercial Property Fund
is
Undervalued by 19%.
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