Asset Plus Ltd
NZX:APL
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EV/EBIT
Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Valuation Scenarios
If EV/EBIT returns to its 3-Year Average (24.2), the stock would be worth NZ$0.97 (51% upside from current price).
| Scenario | EV/EBIT Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 16.1 | NZ$0.64 |
0%
|
| 3-Year Average | 24.2 | NZ$0.97 |
+51%
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| 5-Year Average | 17.6 | NZ$0.7 |
+9%
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| Industry Average | 16.8 | NZ$0.67 |
+5%
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| Country Average | 18.4 | NZ$0.73 |
+14%
|
Forward EV/EBIT
Today’s price vs future ebit
| Today's Enterprise Value | EBIT | Forward EV/EBIT | ||
|---|---|---|---|---|
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NZ$57.1m
|
/ |
Oct 2025
NZ$3.6m
|
= |
|
|
NZ$57.1m
|
/ |
Mar 2026
NZ$3.4m
|
= |
|
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NZ$57.1m
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/ |
Mar 2027
NZ$4.4m
|
= |
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NZ$57.1m
|
/ |
Mar 2028
NZ$1.8m
|
= |
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Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.
Peer Comparison
| Market Cap | EV/EBIT | P/E | ||||
|---|---|---|---|---|---|---|
| NZ |
|
Asset Plus Ltd
NZX:APL
|
67.5m NZD | 16.1 | -10.5 | |
| ZA |
G
|
Growthpoint Properties Ltd
JSE:GRT
|
58B ZAR | 14.1 | 11.2 | |
| ZA |
R
|
Redefine Properties Ltd
JSE:RDF
|
44.5B ZAR | 14 | 10.8 | |
| US |
|
WP Carey Inc
NYSE:WPC
|
16B USD | 28.1 | 34.2 | |
| ZA |
F
|
Fairvest Ltd
JSE:FTA
|
13.5B ZAR | 14.3 | 9.2 | |
| ZA |
A
|
Attacq Ltd
JSE:ATT
|
12.1B ZAR | 11.9 | 8.4 | |
| ES |
|
MERLIN Properties SOCIMI SA
MAD:MRL
|
8.4B EUR | 31.7 | 11.1 | |
| ZA |
S
|
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
|
9.8B ZAR | 13.1 | 17.4 | |
| JP |
|
KDX Realty Investment Corp
OTC:KDXRF
|
9.5B USD | 48.9 | 44.3 | |
| ZA |
H
|
Heriot REIT Ltd
JSE:HET
|
7.3B ZAR | 12.3 | 5.6 | |
| AU |
|
Stockland Corporation Ltd
ASX:SGP
|
10.3B AUD | 18.2 | 11.7 |
Market Distribution
| Min | 4.9 |
| 30th Percentile | 14.7 |
| Median | 18.4 |
| 70th Percentile | 29.3 |
| Max | 518.2 |
Other Multiples
Asset Plus Ltd
Glance View
Asset Plus Ltd. engages in the investment in industrial, retail and commercial property. The firm holds a diversified portfolio of properties, spread across New Zealand. The company invests in retail, industrial and commercial buildings throughout New Zealand. Its properties are located across the main centers of Auckland, Whangarei and Christchurch. The firm's properties include 22 Stoddard Rd Shopping Centre, Munroe Lane and Kamo. 22 Stoddard Rd Shopping Centre is located in Mt Roskill catchment, Auckland. Asset Plus's development at 6-8 Munroe Lane, provides an offering for office space in Albany. Kamo is an industrial land of 38,000 square meters located adjacent to State Highway 1. The firm is externally managed by Centuria NZ.
