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Link Real Estate Investment Trust
HKEX:823

Watchlist Manager
Link Real Estate Investment Trust Logo
Link Real Estate Investment Trust
HKEX:823
Watchlist
Price: 45.2 HKD -4.44% Market Closed
Updated: May 31, 2023
Section:
 

Intrinsic Value

Link Real Estate Investment Trust engages in the property development and related activities. [ Read More ]

The intrinsic value of one Link Real Estate Investment Trust stock under the Base Case scenario is 46.04 HKD. Compared to the current market price of 45.2 HKD, Link Real Estate Investment Trust is Undervalued by 2%.

Key Points:
Intrinsic Value
Base Case
46.04 HKD
Undervaluation 2%
Intrinsic Value
Price
Worst Case
Base Case
Best Case
What is intrinsic value?

Fundamental Analysis

Financials
11.9B
+2%
Revenue
Growth Rates:
1 Year
+5%
3 Years
+14%
5 Years
+24%
7 Years
+47%
10 Years
+90%
10.5B
+1%
Operating Income
Growth Rates:
1 Year
+29%
3 Years
+39%
5 Years
+51%
7 Years
+85%
10 Years
+151%
14.6B
+112%
Net Income
Growth Rates:
1 Year
+26%
3 Years
-18%
5 Years
-39%
7 Years
-20%
10 Years
+10%
7.4B
+10%
Operating Cash Flow
Growth Rates:
1 Year
+5%
3 Years
+15%
5 Years
+16%
7 Years
+43%
10 Years
+83%
-10.2B
+13%
Capital Expenditures
Growth Rates:
1 Year
+314%
3 Years
+4 429%
5 Years
+27 562%
7 Years
+68 133%
10 Years
+35 193%
-2.9B
-23%
Free Cash Flow
Growth Rates:
1 Year
-
3 Years
-
5 Years
-
7 Years
-
10 Years
-

Balance Sheet Decomposition
Link Real Estate Investment Trust

239B
Assets
68.1B
Liabilities
239B
Assets
68.1B
Liabilities
Current Assets 3.6B
Cash & Short-Term Investments 2.1B
Receivables 1.2B
Other Current Assets 299M
Non-Current Assets 235B
Long-Term Investments 232B
PP&E 1.5B
Intangibles 381M
Other Non-Current Assets 1.4B
Current Liabilities 5.1B
Accounts Payable 79M
Accrued Liabilities 1.9B
Other Current Liabilities 3.1B
Non-Current Liabilities 63B
Long-Term Debt 58.2B
Other Non-Current Liabilities 4.8B
Efficiency
108%
Gross Margin
Average:
3 Years
82%
5 Years
85%
88%
Operating Margin
Average:
3 Years
68%
5 Years
69%
123%
Net Margin
Average:
3 Years
5%
5 Years
118%
-24%
FCF Margin
Average:
3 Years
13%
5 Years
30%
9%
ROE
Average:
3 Years
1%
5 Years
8%
6%
ROA
Average:
3 Years
0%
5 Years
6%
4%
ROIC
Average:
3 Years
4%
5 Years
4%
5%
ROCE
Average:
3 Years
4%
5 Years
4%
Fundamental Scores

Profitability Score
Profitability Due Diligence

Link Real Estate Investment Trust's profitability score is 57/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive Operating Income
Negative Free Cash Flow
ROE is Increasing
57/100
Profitability
Score

Link Real Estate Investment Trust's profitability score is 57/100. The higher the profitability score, the more profitable the company is.

Solvency Score
Solvency Due Diligence

Link Real Estate Investment Trust's solvency score is 46/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Low D/E
Average Interest Coverage
Short-Term Solvency
46/100
Solvency
Score

Link Real Estate Investment Trust's solvency score is 46/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

Price Targets Summary
Link Real Estate Investment Trust

Wall Street analysts forecast Link Real Estate Investment Trust stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for Link Real Estate Investment Trust is 61.24 HKD with a low forecast of 55.55 HKD and a high forecast of 70.31 HKD.

Lowest Forecast
Wall Street Target
55.55 HKD
23% Upside
Average Forecast
Wall Street Target
61.24 HKD
35% Upside
Highest Forecast
Wall Street Target
70.31 HKD
56% Upside
Lowest
Price Target
55.55 HKD
23% Upside
Average
Price Target
61.24 HKD
35% Upside
Highest
Price Target
70.31 HKD
56% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Competitors
Link Real Estate Investment Trust

Suppliers & Customers
Link Real Estate Investment Trust

Suppliers
4
Customers
3
Suppliers Map
Customers Map

Shareholder Return

Return Decomposition
Main factors of price return

Market capitalization of Link Real Estate Investment Trust shares decreased by 18% over the past 5 years. The primary factor behind the change was a decrease in net margin from 448.4% to 123%, leading to a drop in the market capitalization of Link Real Estate Investment Trust by 117.3%.

Period
5 Years
1 Year 2 Years 3 Years 5 Years 7 Years 10 Years

Market capitalization of Link Real Estate Investment Trust shares decreased by 18% over the past 5 years. The primary factor behind the change was a decrease in net margin from 448.4% to 123%, leading to a drop in the market capitalization of Link Real Estate Investment Trust by 117.3%.

-18%
141B 115B
Market Cap Growth
+83.81%
3.1 7.9
P/E Change
-101.81%
44.9B 14.6B
Earnings Growth
Market Cap Growth
-18%
P/E Change
+83.81%
Earnings Growth
-101.81%
What is price return decomposition?

Price
Link Real Estate Investment Trust

1M 1M
-11%
6M 6M
-13%
1Y 1Y
-31%
3Y 3Y
-13%
5Y 5Y
-18%
10Y 10Y
+73%
Annual Price Range
45.2
52w Low
43.8191
52w High
66.5377
Price Metrics
Average Annual Return 4.03%
Standard Deviation of Annual Returns 11.18%
Max Drawdown -47%
Shares Statistics
Market Capitalization 115B HKD
Shares Outstanding 2 553 850 000
Percentage of Shares Shorted
N/A

Company Profile

Link Real Estate Investment Trust Logo
Link Real Estate Investment Trust

Country

Hong Kong

Industry

Real Estate

Market Cap

115B HKD

Dividend Yield

0%

Description

Link Real Estate Investment Trust engages in the property development and related activities. The company employs 1,100 full-time employees The company went IPO on 2005-11-25. The company is also a constituent of the Hang Seng Index. The investment objectives of the Fund are to deliver sustainable growth and to create long-term value for its unitholders. The company invests in a portfolio of properties, including retail facilities, markets, car parks and offices in Hong Kong, Beijing and Shanghai. Its investment properties include Destination Shopping Centers in Hong Kong, Community Shopping Centers in Hong Kong, EC Mall in Beijing and Corporate Avenue in Shanghai, among others. The Fund is managed by Link Asset Management Limited.

Contact

20/F., Tower 1, The Quayside, 77 Hoi Bun Road, Kwun Tong, Kowloon
+85221751800.0
https://www.linkreit.com/

IPO

2005-11-25

Employees

1 100

Officers

CEO & Exec. Director of Link Asset Management Limited
Mr. Kwok Lung Hongchoy
CFO & Exec. Director of Link Asset Management Limited
Mr. Kok Siong Ng
Director of Fin.
Mr. Hubert Chak
Chief Legal Officer & Company Sec. of Link Asset Management Limited
Mr. Tai Lun Wong
Chief Corp. Devel. Officer of Link Asset Management Limited
Mr. Seng Yum Tham
Managing Director of HR of Link Asset Management Limited
Ms. Yuen Fan Ng
Show More
Managing Director of Fin. of Link Asset Management Limited
Mr. Man Keung Ng
Chief Investment Officer of Asia - Link Asset Management Limited
Ms. Suk Han Chan
Managing Director of Leasing (HK) of Link Asset Management Limited
Mr. Yip Sang Fok
Managing Director of Project & Operations (HK) of Link Asset Management Limited
Mr. Hon Keung Wong
Show Less

See Also

Summary
Intrinsic value, competitors valuation, and company profile.
DCF Valuation
Stock valuation using Discount Cash Flow valuation method.
Relative Valuation
Stock valuation using valuation multiples.
Wall Street Estimates
Price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
Stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Similar Stocks
What is the Intrinsic Value of one Link Real Estate Investment Trust stock?

The intrinsic value of one Link Real Estate Investment Trust stock under the Base Case scenario is 46.04 HKD.

Is Link Real Estate Investment Trust stock undervalued or overvalued?

Compared to the current market price of 45.2 HKD, Link Real Estate Investment Trust is Undervalued by 2%.

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