Asset Plus Ltd
NZX:APL
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EV/GP
Enterprise Value to Gross Profit (EV/GP) ratio compares a company`s total enterprise value to its gross profit. It shows how much investors are paying for each dollar of the company`s gross profit, including both equity and debt.
Enterprise Value to Gross Profit (EV/GP) ratio compares a company`s total enterprise value to its gross profit. It shows how much investors are paying for each dollar of the company`s gross profit, including both equity and debt.
Valuation Scenarios
If EV/GP returns to its 3-Year Average (14.5), the stock would be worth NZ$0.83 (30% upside from current price).
| Scenario | EV/GP Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 11.1 | NZ$0.64 |
0%
|
| 3-Year Average | 14.5 | NZ$0.83 |
+30%
|
| 5-Year Average | 11.5 | NZ$0.66 |
+3%
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| Industry Average | 15.1 | NZ$0.87 |
+35%
|
| Country Average | 5.7 | NZ$0.33 |
-48%
|
Forward EV/GP
Today’s price vs future gross profit
Peer Comparison
| Market Cap | EV/GP | P/E | ||||
|---|---|---|---|---|---|---|
| NZ |
|
Asset Plus Ltd
NZX:APL
|
67.5m NZD | 11.1 | -10.5 | |
| ZA |
G
|
Growthpoint Properties Ltd
JSE:GRT
|
55.4B ZAR | 12.2 | 10.7 | |
| ZA |
R
|
Redefine Properties Ltd
JSE:RDF
|
44B ZAR | 12.7 | 10.7 | |
| US |
|
WP Carey Inc
NYSE:WPC
|
16B USD | 16 | 34.2 | |
| ZA |
F
|
Fairvest Ltd
JSE:FTA
|
13.7B ZAR | 12.9 | 9.3 | |
| ZA |
A
|
Attacq Ltd
JSE:ATT
|
11.6B ZAR | 9.7 | 8.1 | |
| ES |
|
MERLIN Properties SOCIMI SA
MAD:MRL
|
8.4B EUR | 0 | 10.9 | |
| JP |
|
KDX Realty Investment Corp
OTC:KDXRF
|
9.5B USD | 38.7 | 44.3 | |
| ZA |
S
|
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
|
9B ZAR | 0 | 16 | |
| ZA |
H
|
Heriot REIT Ltd
JSE:HET
|
7.3B ZAR | 11.9 | 5.6 | |
| AU |
|
Stockland Corporation Ltd
ASX:SGP
|
9.8B AUD | 10.6 | 11.3 |
Market Distribution
| Min | 0.8 |
| 30th Percentile | 3.9 |
| Median | 5.7 |
| 70th Percentile | 10.8 |
| Max | 47 |
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.
