Warehouse REIT PLC
LSE:WHR

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Warehouse REIT PLC
LSE:WHR
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Price: 107 GBX 0.38% Market Closed
Market Cap: 454.6m GBX

Relative Value

The Relative Value of one WHR stock under the Base Case scenario is 153.4 GBX. Compared to the current market price of 107 GBX, Warehouse REIT PLC is Undervalued by 30%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

WHR Relative Value
Base Case
153.4 GBX
Undervaluation 30%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
44
vs Industry
21
Median 3Y
7.2
Median 5Y
8.5
Industry
3.7
Forward
8.3
vs History
3
vs Industry
39
Median 3Y
7.6
Median 5Y
6.4
Industry
16.5
Forward
17.6
vs History
53
vs Industry
33
Median 3Y
12
Median 5Y
13.1
Industry
11
vs History
3
vs Industry
7
Median 3Y
6.6
Median 5Y
5.3
Industry
13
vs History
46
vs Industry
47
Median 3Y
0.7
Median 5Y
0.8
Industry
0.9
vs History
53
vs Industry
16
Median 3Y
12.8
Median 5Y
14.4
Industry
6.6
Forward
13.5
vs History
55
vs Industry
28
Median 3Y
15.6
Median 5Y
17.3
Industry
12.1
vs History
63
vs Industry
27
Median 3Y
19.8
Median 5Y
21.5
Industry
15.9
Forward
19
vs History
58
vs Industry
34
Median 3Y
19.9
Median 5Y
21.7
Industry
19.1
Forward
8.9
vs History
77
vs Industry
33
Median 3Y
20.6
Median 5Y
21.7
Industry
18.5
vs History
80
vs Industry
30
Median 3Y
24.9
Median 5Y
28
Industry
20.1
vs History
41
vs Industry
34
Median 3Y
0.8
Median 5Y
0.9
Industry
0.7

Multiples Across Competitors

WHR Competitors Multiples
Warehouse REIT PLC Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
UK
Warehouse REIT PLC
LSE:WHR
454.6m GBP 8.8 12.1 19.9 20.3
US
Prologis Inc
NYSE:PLD
98B USD 11.6 26.1 22.2 39.9
AU
Goodman Group
ASX:GMG
66.1B AUD 29.4 71.8 153.8 153.8
SG
ESR-REIT
OTC:CGIUF
13.3B USD 46.3 -115.9 85.3 85.3
UK
SEGRO PLC
LSE:SGRO
9.4B GBP 14 15.9 29.4 30.2
SG
Ascendas Real Estate Investment Trust
SGX:A17U
11.6B 0 0 0 0
US
Lineage Inc
NASDAQ:LINE
10.1B USD 1.9 -16.3 13.9 56.4
US
Eastgroup Properties Inc
NYSE:EGP
8.9B USD 13.5 39 22.3 39
US
Rexford Industrial Realty Inc
NYSE:REXR
8.7B USD 9 32 17.2 30.6
US
STAG Industrial Inc
NYSE:STAG
6.8B USD 8.7 27.9 17.1 35.3
US
First Industrial Realty Trust Inc
NYSE:FR
6.5B USD 9.4 24.2 20 31.3
P/E Multiple
Earnings Growth PEG
UK
Warehouse REIT PLC
LSE:WHR
Average P/E: 31.1
12.1
-6%
N/A
US
Prologis Inc
NYSE:PLD
26.1
-5%
N/A
AU
Goodman Group
ASX:GMG
71.8
N/A N/A
SG
ESR-REIT
OTC:CGIUF
Negative Multiple: -115.9 N/A N/A
UK
SEGRO PLC
LSE:SGRO
15.9
-2%
N/A
SG
Ascendas Real Estate Investment Trust
SGX:A17U
Not Available
-1%
N/A
US
Lineage Inc
NASDAQ:LINE
Negative Multiple: -16.3 N/A N/A
US
Eastgroup Properties Inc
NYSE:EGP
39
9%
4.3
US
Rexford Industrial Realty Inc
NYSE:REXR
32
17%
1.9
US
STAG Industrial Inc
NYSE:STAG
27.9
15%
1.9
US
First Industrial Realty Trust Inc
NYSE:FR
24.2
-3%
N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
UK
Warehouse REIT PLC
LSE:WHR
Average EV/EBITDA: 40.1
19.9
6%
3.3
US
Prologis Inc
NYSE:PLD
22.2
10%
2.2
AU
Goodman Group
ASX:GMG
153.8
81%
1.9
SG
ESR-REIT
OTC:CGIUF
85.3
11%
7.8
UK
SEGRO PLC
LSE:SGRO
29.4
15%
2
SG
Ascendas Real Estate Investment Trust
SGX:A17U
Not Available
4%
N/A
US
Lineage Inc
NASDAQ:LINE
13.9
7%
2
US
Eastgroup Properties Inc
NYSE:EGP
22.3
12%
1.9
US
Rexford Industrial Realty Inc
NYSE:REXR
17.2
10%
1.7
US
STAG Industrial Inc
NYSE:STAG
17.1
10%
1.7
US
First Industrial Realty Trust Inc
NYSE:FR
20
11%
1.8