SKT Relative Valuation - Tanger Factory Outlet Centers Inc

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Price: 35.78 USD 2.35% Market Closed

Market Cap: $4.1B

	Tanger Factory Outlet Centers Inc NYSE:SKT	US
S	ServiceSource International Inc F:6SS	US

Multiples-Based Value

The Multiples-Based Value for Tanger Factory Outlet Centers Inc (SKT) under the Base Case is 43.88 USD. Compared with the current market price of 35.78 USD, the stock appears Undervalued by 18%.

Multiples-Based 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.

What is relative valuation?

How is Multiples-Based Value calculated?

SKT Multiples-Based Value

Base Case

Undervaluation 18%

Multiples-Based Value

Price $35.78

Worst Case

Base Case

Best Case

Valuation Multiples

View Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

		Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
US	Tanger Factory Outlet Centers Inc NYSE:SKT	4.1B USD	7.1	36.2	17.5	32.5
US	Simon Property Group Inc NYSE:SPG	63.1B USD	9.9	13.7	19.1	28.5
US	Realty Income Corp NYSE:O	58.6B USD	10.2	55.4	17	33.5
SG	CapitaLand Integrated Commercial Trust SGX:C38U	18B	0	0	0	0
US	Kimco Realty Corp NYSE:KIM	15.3B USD	7.1	27.7	17.2	32.3
US	Regency Centers Corp NASDAQ:REG	14.2B USD	9.1	27.7	19.1	32.3
AU	Scentre Group ASX:SCG	18B AUD	6.8	10.2	16.9	16.9
HK	Link Real Estate Investment Trust HKEX:823	94.9B HKD	6.7	-14	14.6	14.6
FR	Klepierre SA PAR:LI	9.8B EUR	6.2	7.5	15.1	15.4
US	Federal Realty Investment Trust NYSE:FRT	9.3B USD	7.2	22.9	17.3	31.7
US	Agree Realty Corp NYSE:ADC	9.2B USD	12.8	46.9	22	37.2

			Revenue Growth	P/S to Growth
US	Tanger Factory Outlet Centers Inc NYSE:SKT	Average P/S: 8.3 7.1	N/A	N/A
US	Simon Property Group Inc NYSE:SPG	9.9	3%	3.3
US	Realty Income Corp NYSE:O	10.2	8%	1.3
SG	CapitaLand Integrated Commercial Trust SGX:C38U	Not Available	4%	N/A
US	Kimco Realty Corp NYSE:KIM	7.1	3%	2.4
US	Regency Centers Corp NASDAQ:REG	9.1	1%	9.1
AU	Scentre Group ASX:SCG	6.8	0%	N/A
HK	Link Real Estate Investment Trust HKEX:823	6.7	0%	N/A
FR	Klepierre SA PAR:LI	6.2	-3%	N/A
US	Federal Realty Investment Trust NYSE:FRT	7.2	5%	1.4
US	Agree Realty Corp NYSE:ADC	12.8	13%	1

			Earnings Growth	PEG
US	Tanger Factory Outlet Centers Inc NYSE:SKT	Average P/E: 27.6 36.2	N/A	N/A
US	Simon Property Group Inc NYSE:SPG	13.7	-21%	N/A
US	Realty Income Corp NYSE:O	55.4	17%	3.3
SG	CapitaLand Integrated Commercial Trust SGX:C38U	Not Available	2%	N/A
US	Kimco Realty Corp NYSE:KIM	27.7	0%	N/A
US	Regency Centers Corp NASDAQ:REG	27.7	1%	27.7
AU	Scentre Group ASX:SCG	10.2	-9%	N/A
HK	Link Real Estate Investment Trust HKEX:823	Negative Multiple: -14	N/A	N/A
FR	Klepierre SA PAR:LI	7.5	-14%	N/A
US	Federal Realty Investment Trust NYSE:FRT	22.9	-9%	N/A
US	Agree Realty Corp NYSE:ADC	46.9	10%	4.7

			EBITDA Growth	EV/EBITDA to Growth
US	Tanger Factory Outlet Centers Inc NYSE:SKT	Average EV/EBITDA: 17.6 17.5	7%	2.5
US	Simon Property Group Inc NYSE:SPG	19.1	4%	4.8
US	Realty Income Corp NYSE:O	17	10%	1.7
SG	CapitaLand Integrated Commercial Trust SGX:C38U	Not Available	6%	N/A
US	Kimco Realty Corp NYSE:KIM	17.2	8%	2.2
US	Regency Centers Corp NASDAQ:REG	19.1	7%	2.7
AU	Scentre Group ASX:SCG	16.9	7%	2.4
HK	Link Real Estate Investment Trust HKEX:823	14.6	0%	N/A
FR	Klepierre SA PAR:LI	15.1	4%	3.8
US	Federal Realty Investment Trust NYSE:FRT	17.3	5%	3.5
US	Agree Realty Corp NYSE:ADC	22	18%	1.2

			EBIT Growth	EV/EBIT to Growth
US	Tanger Factory Outlet Centers Inc NYSE:SKT	Average EV/EBIT: 27.5 32.5	10%	3.2
US	Simon Property Group Inc NYSE:SPG	28.5	7%	4.1
US	Realty Income Corp NYSE:O	33.5	10%	3.4
SG	CapitaLand Integrated Commercial Trust SGX:C38U	Not Available	5%	N/A
US	Kimco Realty Corp NYSE:KIM	32.3	8%	4
US	Regency Centers Corp NASDAQ:REG	32.3	9%	3.6
AU	Scentre Group ASX:SCG	16.9	7%	2.4
HK	Link Real Estate Investment Trust HKEX:823	14.6	0%	N/A
FR	Klepierre SA PAR:LI	15.4	11%	1.4
US	Federal Realty Investment Trust NYSE:FRT	31.7	-3%	N/A
US	Agree Realty Corp NYSE:ADC	37.2	16%	2.3

Tanger Factory Outlet Centers Inc
NYSE:SKT

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

SKT Competitors Multiples
Tanger Factory Outlet Centers Inc Competitors

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Tanger Factory Outlet Centers Inc NYSE:SKT

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

SKT Competitors Multiples Tanger Factory Outlet Centers Inc Competitors

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Company

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Stocks

Tanger Factory Outlet Centers Inc
NYSE:SKT

SKT Competitors Multiples
Tanger Factory Outlet Centers Inc Competitors