Link Real Estate Investment Trust
HKEX:823

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Link Real Estate Investment Trust
HKEX:823
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Price: 39.2 HKD -0.41%
Market Cap: HK$101.9B

EV/FCFF

16.6
Current
7%
More Expensive
vs 3-y average of 15.6

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
16.6
=
Enterprise Value
HK$142.8B
/
Free Cash Flow to Firm
HK$8.8B

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
16.6
=
Enterprise Value
HK$142.8B
/
Free Cash Flow to Firm
HK$8.8B

Valuation Scenarios

Link Real Estate Investment Trust is trading above its 3-year average

If EV/FCFF returns to its 3-Year Average (15.6), the stock would be worth HK$36.72 (6% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-44%
Maximum Upside
No Upside Scenarios
Average Downside
22%
Scenario EV/FCFF Value Implied Price Upside/Downside
Current Multiple 16.6 HK$39.2
0%
3-Year Average 15.6 HK$36.72
-6%
5-Year Average 15.6 HK$36.72
-6%
Industry Average 11.4 HK$26.92
-31%
Country Average 9.3 HK$21.92
-44%

Forward EV/FCFF
Today’s price vs future free cash flow to firm

Not enough data available to calculate forward EV/FCFF

Peer Comparison

All Multiples
EV/FCFF
P/E
All Countries
Close

Market Distribution

In line with most companies in Hong Kong
Percentile
69th
Based on 1 194 companies
69th percentile
16.6
Low
0 — 4.7
Typical Range
4.7 — 16.9
High
16.9 —
Distribution Statistics
Hong Kong
Min 0
30th Percentile 4.7
Median 9.3
70th Percentile 16.9
Max 20 343.5

Link Real Estate Investment Trust
Glance View

Link Real Estate Investment Trust, often referred to as Link REIT, is a prominent player in the Asian real estate market, known for its diverse portfolio specializing in retail properties. Founded in 2005, Link REIT emerged from a substantial privatization initiative where retail and parking facilities in public housing estates were revamped for the open market. This strategic move allowed the company to tap into a robust stream of rental income while catering to the everyday needs of city dwellers in densely populated urban areas. By acquiring retail spaces in prime locations and managing them efficiently, Link has carved a niche for itself, particularly in Hong Kong, leveraging its strong understanding of community dynamics and consumer behavior. The trust generates revenue primarily through its leasing activities, where retail space is rented out to a spectrum of tenants ranging from large chain retailers to local businesses. Ensuring these properties meet the evolving demands of both tenants and shoppers, Link REIT invests in property enhancements and utilizes sophisticated management strategies to maintain high occupancy rates and increase rental yields. Its asset management approach blends local market expertise with global best practices, helping it to consistently deliver value to unitholders. Moreover, the expansion into Mainland China and overseas markets indicates Link's ambition to diversify and capitalize on new growth opportunities, showcasing its adaptability and forward-thinking stance in an ever-competitive real estate landscape.

Intrinsic Value
38.54 HKD
Overvaluation 2%
Intrinsic Value
Price HK$39.2
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