Link Real Estate Investment Trust
HKEX:823

Watchlist Manager
Link Real Estate Investment Trust Logo
Link Real Estate Investment Trust
HKEX:823
Watchlist
Price: 39.1 HKD -0.66% Market Closed
Market Cap: HK$101.6B

P/S

7.2
Current
9%
More Expensive
vs 3-y average of 6.6

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
7.2
=
Market Cap
HK$98.9B
/
Revenue
HK$14.1B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
7.2
=
Market Cap
HK$98.9B
/
Revenue
HK$14.1B

Valuation Scenarios

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

If P/S returns to its 3-Year Average (6.6), the stock would be worth HK$35.81 (8% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-85%
Maximum Upside
+3%
Average Downside
42%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 7.2 HK$39.1
0%
3-Year Average 6.6 HK$35.81
-8%
5-Year Average 7.4 HK$40.41
+3%
Industry Average 1.5 HK$8.16
-79%
Country Average 1.1 HK$5.97
-85%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
HK$98.9B
/
Oct 2025
HK$14.1B
=
7.2
Current
HK$98.9B
/
Mar 2026
HK$14.1B
=
7
Forward
HK$98.9B
/
Mar 2027
HK$14B
=
7.1
Forward
HK$98.9B
/
Mar 2028
HK$14.1B
=
7
Forward
HK$98.9B
/
Mar 2029
HK$16.1B
=
6.1
Forward
HK$98.9B
/
Mar 2030
HK$16.6B
=
5.9
Forward
HK$98.9B
/
Mar 2031
HK$17.1B
=
5.8
Forward
HK$98.9B
/
Mar 2032
HK$17.7B
=
5.6
Forward
HK$98.9B
/
Mar 2033
HK$18.2B
=
5.4
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close

Market Distribution

Higher than 86% of companies in Hong Kong
Percentile
86th
Based on 1 661 companies
86th percentile
7.2
Low
0 — 0.6
Typical Range
0.6 — 2.8
High
2.8 —
Distribution Statistics
Hong Kong
Min 0
30th Percentile 0.6
Median 1.1
70th Percentile 2.8
Max 59 382.6

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 1%
Intrinsic Value
Price HK$39.1
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett