CapitaLand Integrated Commercial Trust
F:M3T
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EV/IC
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.
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.
Valuation Scenarios
If EV/IC returns to its Industry Average (0.6), the stock would be worth €0 (100% downside from current price).
| Scenario | EV/IC Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 0 | €1.55 |
0%
|
| Industry Average | 0.6 | €0 |
-100%
|
| Country Average | 0.8 | €0 |
-100%
|
Forward EV/IC
Today’s price vs future invested capital
Peer Comparison
| Market Cap | EV/IC | P/E | ||||
|---|---|---|---|---|---|---|
| SG |
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CapitaLand Integrated Commercial Trust
F:M3T
|
18B EUR | 0 | 0 | |
| US |
|
Simon Property Group Inc
NYSE:SPG
|
66.3B USD | 2.5 | 14.2 | |
| US |
|
Realty Income Corp
NYSE:O
|
60B USD | 1.2 | 56.5 | |
| US |
|
Kimco Realty Corp
NYSE:KIM
|
15.9B USD | 1.2 | 28.6 | |
| US |
|
Regency Centers Corp
NASDAQ:REG
|
14.2B USD | 1.5 | 27.8 | |
| AU |
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Scentre Group
ASX:SCG
|
19.4B AUD | 0.9 | 11.1 | |
| HK |
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Link Real Estate Investment Trust
HKEX:823
|
101.4B HKD | 0.7 | -14.9 | |
| FR |
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Klepierre SA
PAR:LI
|
9.9B EUR | 0.8 | 7.6 | |
| US |
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Federal Realty Investment Trust
NYSE:FRT
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9.6B USD | 1.7 | 24.3 | |
| US |
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Agree Realty Corp
NYSE:ADC
|
9.3B USD | 1.3 | 46.9 | |
| US |
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Brixmor Property Group Inc
NYSE:BRX
|
9.2B USD | 1.7 | 23.6 |
Market Distribution
Other Multiples
CapitaLand Integrated Commercial Trust
Glance View
CapitaLand Integrated Commercial Trust (CICT), a trailblazer in the Singaporean real estate landscape, operates as a dynamic and diverse real estate investment trust (REIT). This trust was born from a strategic merger between CapitaLand Mall Trust and CapitaLand Commercial Trust, enabling it to hold a commanding position as one of the largest REITs in the region. CICT has harnessed the power of urbanization through its portfolio, which showcases a blend of commercial, retail, and integrated developments. This unique mix allows CICT to leverage the synergy between retail tenants and office lessees, creating vibrant spaces that cater to both consumer and business needs. By concentrating on properties situated in prime areas with high foot traffic and demand, CICT ensures its assets remain attractive to tenants, both in terms of accessibility and prestige. Revenue generation for CICT is primarily driven by rental income obtained from its strategic mix of property types. As a landlord, CICT meticulously curates its tenant mix to maintain a balance between stability and growth. Anchoring shopping malls with reputable retail brands guarantees consistent footfall, while its office spaces attract multinational corporations seeking prime locations. This diversity within its asset portfolio not only provides a stable income base but also offers resilience against economic fluctuations. Additionally, CICT continuously enhances its properties through asset enhancement initiatives, ensuring long-term appreciation and market competitiveness. This commitment to maintaining and upgrading its properties helps CICT sustain a steady stream of income, which it redistributes to investors in the form of dividends, thus embodying its role as a vital player in the world's rapidly evolving urban real estate landscape.