E

Equites Property Fund Ltd
JSE:EQU

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Equites Property Fund Ltd
JSE:EQU
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Price: 1 747 Zac -1.02% Market Closed
Market Cap: 15.2B ZAR

P/B

1
Current
20%
More Expensive
vs 3-y average of 0.9

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
1
=
Market Cap
Zac15.4B
/
Total Equity
14B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
1
=
Market Cap
Zac15.4B
/
Total Equity
14B

Valuation Scenarios

Equites Property Fund Ltd is trading above its 3-year average

If P/B returns to its 3-Year Average (0.9), the stock would be worth Zac1 449.89 (17% downside from current price).

Statistics
Positive Scenarios
1/3
Maximum Downside
-17%
Maximum Upside
+114%
Average Upside
27%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 1 Zac1 747
0%
3-Year Average 0.9 Zac1 449.89
-17%
5-Year Average 0.9 Zac1 465.47
-16%
Country Average 2.2 Zac3 741.39
+114%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
P/E Multiple
Earnings Growth PEG
ZA
E
Equites Property Fund Ltd
JSE:EQU
Average P/E: 7 151.9
9.1
13%
0.7
US
G
GE Vernova LLC
NYSE:GEV
Not Available
19%
N/A
UK
E
Eight Capital Partners PLC
F:ECS
Not Available N/A N/A
US
C
China Industrial Group Inc
OTC:CIND
4 020.7
N/A N/A
NL
N
Nepi Rockcastle NV
JSE:NRP
10.5
1%
10.5
US
F
Fintech Ecosystem Development Corp
NASDAQ:FEXD
38 690
N/A N/A
US
C
CoreWeave Inc
NASDAQ:CRWV
Not Available N/A N/A
CH
G
Galderma Group AG
SIX:GALD
Not Available
47%
N/A
US
Symbotic Inc
NASDAQ:SYM
Negative Multiple: -3 284.6 N/A N/A
US
Coupang Inc
F:788
174.3
96%
1.8
ZA
V
Vukile Property Fund Ltd
JSE:VKE
6.9
-5%
N/A

Market Distribution

Lower than 91% of companies in South Africa
Percentile
9th
Based on 15 companies
9th percentile
1
Low
0.5 — 1.8
Typical Range
1.8 — 6.5
High
6.5 —
Distribution Statistics
South Africa
Min 0.5
30th Percentile 1.8
Median 2.2
70th Percentile 6.5
Max 10.9

Equites Property Fund Ltd
Glance View

Market Cap
15.2B Zac
Industry
N/A

Equites Property Fund Ltd, a narrative of strategic foresight and logistical acumen, stands as a beacon in the realm of real estate investment trusts. Emerging from the vibrant South African market landscape, Equites has carved out a niche in the logistics and industrial property space. Its story starts with a keen focus on high-quality assets, strategically located in key nodes that facilitate supply chain efficiencies and cater predominantly to blue-chip tenants. This focus ensures long-term, stable income streams for the company, which are underpinned by lease agreements with robust occupiers, including omnichannel retailers and logistic giants. By aligning their property portfolio with the evolving demands of international logistics, Equites has expanded beyond South Africa's borders, reaching into the United Kingdom, a move which reflects their ambition to diversify risk and tap into mature markets with a similar demand for top-tier logistics properties. The company's revenue generation model is straightforward yet compelling, anchored in the collection of rent from its tenants. Growth is driven by a methodical acquisition strategy, targeting properties that promise a consistent yield and potential value appreciation. Equites enhances its sustainability through active management of its assets, investing in technologies and amenities that increase property efficiency, appeal, and lease longevity. This strategy stems from understanding that logistics properties are not just about location but also adaptability and technological advancement to keep pace with rapid changes in e-commerce and global distribution networks. Equites' ability to offer spaces that are technologically advanced and strategically located has seen it become a preferred partner for businesses looking for operational efficiency, positioning it for continued success in an ever-evolving industrial landscape.

EQU Intrinsic Value
1 245.31 Zac
Overvaluation 29%
Intrinsic Value
Price Zac1 747
E
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