M

MAS Real Estate Inc
JSE:MSP

Watchlist Manager
MAS Real Estate Inc
JSE:MSP
Watchlist
Price: 2 040 Zac 0.1% Market Closed
Market Cap: 14.6B ZAR

EV/S

8.9
Current
16%
Cheaper
vs 3-y average of 10.6

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
8.9
=
Enterprise Value
Zac17.7B
/
Revenue
€101.9m

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
8.9
=
Enterprise Value
Zac17.7B
/
Revenue
€101.9m

Valuation Scenarios

MAS Real Estate Inc is trading below its 3-year average

If EV/S returns to its 3-Year Average (10.6), the stock would be worth Zac2 424.72 (19% upside from current price).

Statistics
Positive Scenarios
2/3
Maximum Downside
-100%
Maximum Upside
+35%
Average Downside
15%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 8.9 Zac2 040
0%
3-Year Average 10.6 Zac2 424.72
+19%
5-Year Average 12 Zac2 747.02
+35%
Country Average 0 Zac1.44
-100%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
Zac17.7B
/
Jul 2025
€101.9m
=
8.9
Current
Zac17.7B
/
Jun 2026
€92.5m
=
191.4
Forward
Zac17.7B
/
Jun 2027
€98.1m
=
180.5
Forward
Zac17.7B
/
Jun 2028
€114.1m
=
155.1
Forward

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

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close
P/E Multiple
Earnings Growth PEG
IM
M
MAS Real Estate Inc
JSE:MSP
Average P/E: 7 151.4
6
-13%
N/A
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
10.6
1%
10.6
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

Higher than 100% of companies in Isle of Man
Percentile
100th
Based on 14 companies
100th percentile
8.9
Low
0 — 0
Typical Range
0 — 0.5
High
0.5 —
Distribution Statistics
Isle of Man
Min 0
30th Percentile 0
Median 0
70th Percentile 0.5
Max 7.5

MAS Real Estate Inc
Glance View

Market Cap
14.6B Zac
Industry
N/A

MAS Real Estate Inc. has carved out a significant niche in the commercial real estate landscape, with a strategic focus on retail assets across Central and Eastern Europe. Launched in the mid-2000s, the company has showcased a penchant for identifying growth opportunities in relatively underserved and emerging markets. By acquiring, developing, and managing a diversified portfolio of retail properties, MAS has effectively catered to the burgeoning consumer demand in these regions. The company's business model is built around generating consistent rental income, which it achieves through long-term leasing agreements with prominent retail tenants. MAS's operational blueprint emphasizes value creation by actively managing its properties and ensuring they remain attractive destinations for shoppers and retailers alike. Moreover, MAS Real Estate Inc. governs a hybrid strategy that combines property acquisition with development and redevelopment initiatives. This approach allows the company to enhance its portfolio's value over time while maintaining steady cash flow from existing assets. They leverage partnerships with local developers and investors, optimizing regional expertise to identify projects with potential for high returns. This strategic maneuvering not only captures the immediate economic activity of the area but also positions MAS to benefit from long-term urban growth trends. Indeed, the company's success lies in its adept navigation of market dynamics and its ability to translate these into profitable ventures, fostering a resilient portfolio that yields sustainable growth and substantial shareholder equity.

MSP Intrinsic Value
2 107.34 Zac
Undervaluation 3%
Intrinsic Value
Price Zac2 040
M
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