Champion Real Estate Investment Trust
HKEX:2778
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EV/EBITDA
Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Valuation Scenarios
If EV/EBITDA returns to its 3-Year Average (13.9), the stock would be worth HK$1.82 (24% downside from current price).
| Scenario | EV/EBITDA Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 18.3 | HK$2.38 |
0%
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| 3-Year Average | 13.9 | HK$1.82 |
-24%
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| 5-Year Average | 16.2 | HK$2.12 |
-11%
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| Industry Average | 13.8 | HK$1.81 |
-24%
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| Country Average | 9.6 | HK$1.25 |
-48%
|
Forward EV/EBITDA
Today’s price vs future ebitda
| Today's Enterprise Value | EBITDA | Forward EV/EBITDA | ||
|---|---|---|---|---|
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HK$25.5B
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/ |
Jan 2026
HK$1.4B
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= |
|
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HK$25.5B
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/ |
Dec 2026
HK$1.4B
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= |
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HK$25.5B
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/ |
Dec 2027
HK$1.4B
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= |
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HK$25.5B
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/ |
Dec 2028
HK$1.5B
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= |
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Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.
Peer Comparison
| Market Cap | EV/EBITDA | P/E | ||||
|---|---|---|---|---|---|---|
| HK |
|
Champion Real Estate Investment Trust
HKEX:2778
|
14.7B HKD | 18.3 | -4.5 | |
| US |
|
Boston Properties Inc
NYSE:BXP
|
9.2B USD | 12.8 | 33.1 | |
| US |
|
Alexandria Real Estate Equities Inc
NYSE:ARE
|
8.1B USD | 9.7 | -5.6 | |
| FR |
|
Covivio SA
PAR:COV
|
6.3B EUR | 15.3 | 8.5 | |
| JP |
|
Nippon Building Fund Inc
TSE:8951
|
1.2T JPY | 27.3 | 26.9 | |
| US |
|
COPT Defense Properties
NYSE:CDP
|
7.2B USD | 41.9 | 47.2 | |
| US |
|
Vornado Realty Trust
NYSE:VNO
|
5.6B USD | 16.1 | 6.6 | |
| JP |
|
Japan Real Estate Investment Corp
TSE:8952
|
858.7B JPY | 24.3 | 23.4 | |
| AU |
|
Dexus
ASX:DXS
|
6.7B AUD | 35.4 | 12.9 | |
| SG |
|
Keppel REIT
SGX:K71U
|
4.4B | 0 | 0 | |
| JP |
|
Kenedix Office Investment Corp
TSE:8972
|
670.9B JPY | 22.1 | 19.8 |
Market Distribution
| Min | 0 |
| 30th Percentile | 4.8 |
| Median | 9.6 |
| 70th Percentile | 14.9 |
| Max | 9 749.3 |
Other Multiples
Champion Real Estate Investment Trust
Glance View
Champion Real Estate Investment Trust (REIT) is a significant player in the world of real estate investment, strategically operating in the bustling landscapes of Hong Kong’s commercial property market. The company’s lifeblood is a well-curated portfolio that includes some of the most recognized commercial properties in Hong Kong. Among its crown jewels are Three Garden Road, a notable office property in Central, Hong Kong, and Langham Place, a well-known commercial complex. Champion REIT generates revenue primarily through leasing office and retail space to a diversified range of tenants, ensuring the steady inflow of rental income. This income offers not only a stable cash flow to investors but also a return on investment that tends to appreciate over time as property values increase in this densely populated metropolis. Champion REIT's operational strategy emphasizes enhancing property values and tenant experiences through strategic property management and continuous improvement initiatives. By investing in property upgrades and maintaining high standards of service, the trust ensures high occupancy rates while attracting a robust mix of local and international tenants. This proactive approach helps it remain competitive in an ever-evolving market. Additionally, the trust can capitalize on the economic ebbs and flows of Hong Kong's property market and broader economic conditions, leveraging its properties' prime locations to command premium rent levels. Therefore, Champion REIT functions as a conduit for investors to tap into the lucrative real estate market in Hong Kong, offering a blend of income stability and potential for long-term capital growth.