Fortune Real Estate Investment Trust
HKEX:778
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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 3-Year Average (0.5), the stock would be worth HK$4.62 (5% downside from current price).
| Scenario | EV/IC Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 0.5 | HK$4.86 |
0%
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| 3-Year Average | 0.5 | HK$4.62 |
-5%
|
| 5-Year Average | 0.5 | HK$4.77 |
-2%
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| Industry Average | 0.3 | HK$3.49 |
-28%
|
| Country Average | 0.5 | HK$5.13 |
+6%
|
Forward EV/IC
Today’s price vs future invested capital
Peer Comparison
| Market Cap | EV/IC | P/E | ||||
|---|---|---|---|---|---|---|
| HK |
|
Fortune Real Estate Investment Trust
HKEX:778
|
9.9B HKD | 0.5 | -8.5 | |
| US |
|
Simon Property Group Inc
NYSE:SPG
|
65.8B USD | 2.5 | 14.3 | |
| US |
|
Realty Income Corp
NYSE:O
|
59.6B USD | 1.2 | 56.3 | |
| SG |
|
CapitaLand Integrated Commercial Trust
SGX:C38U
|
18B | 0 | 0 | |
| US |
|
Kimco Realty Corp
NYSE:KIM
|
15.8B USD | 1.2 | 28.6 | |
| US |
|
Regency Centers Corp
NASDAQ:REG
|
14.3B USD | 1.5 | 27.9 | |
| AU |
|
Scentre Group
ASX:SCG
|
19.7B AUD | 0.9 | 11.1 | |
| HK |
|
Link Real Estate Investment Trust
HKEX:823
|
101.4B HKD | 0.7 | -14.9 | |
| FR |
|
Klepierre SA
PAR:LI
|
9.9B EUR | 0.8 | 7.6 | |
| US |
|
Federal Realty Investment Trust
NYSE:FRT
|
9.9B USD | 1.7 | 24.6 | |
| US |
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Agree Realty Corp
NYSE:ADC
|
9.2B USD | 1.3 | 46.7 |
Market Distribution
| Min | 0 |
| 30th Percentile | 0.3 |
| Median | 0.5 |
| 70th Percentile | 0.9 |
| Max | 59 382.5 |
Other Multiples
Fortune Real Estate Investment Trust
Glance View
Fortune Real Estate Investment Trust is a holding company, which engages in the acquisition and management of real estate properties. The principal activity of Fortune REIT is investment holding. The Company, through its subsidiaries owns and invests in a portfolio of retail shopping malls located in Hong Kong. The company holds a portfolio of approximately 20 private housing estate retail properties in Hong Kong consisting of approximately three million square feet of retail space and 2,710 car parking spaces. Its retail properties include Fortune City One, Fortune Kingswood, Fortune Metropolis, Ma On Shan Plaza, Metro Town, Laguna Plaza, Waldorf Avenue, Caribbean Square, Jubilee Square, Belvedere Square, Smartland, Lido Avenue, Provident Square, Centre de Laguna and Hampton Loft. The company house tenants from various trade sectors, such as supermarkets, food and beverage outlets, banks, real estate agencies and education providers. The company is managed by ARA Asset Management (Fortune) Limited, which is a subsidiary of ARA Asset Management Limited.
