Argosy Property Ltd
NZX:ARG
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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 (16.5), the stock would be worth NZ$1.17 (6% upside from current price).
| Scenario | EV/EBIT Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 15.5 | NZ$1.11 |
0%
|
| 3-Year Average | 16.5 | NZ$1.17 |
+6%
|
| 5-Year Average | 17 | NZ$1.21 |
+10%
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| Industry Average | 16.8 | NZ$1.2 |
+8%
|
| Country Average | 18.4 | NZ$1.31 |
+18%
|
Forward EV/EBIT
Today’s price vs future ebit
| Today's Enterprise Value | EBIT | Forward EV/EBIT | ||
|---|---|---|---|---|
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NZ$1.7B
|
/ |
Oct 2025
NZ$108.3m
|
= |
|
|
NZ$1.7B
|
/ |
Mar 2026
NZ$111.6m
|
= |
|
|
NZ$1.7B
|
/ |
Mar 2027
NZ$116.7m
|
= |
|
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NZ$1.7B
|
/ |
Mar 2028
NZ$118.6m
|
= |
|
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 |
|
Argosy Property Ltd
NZX:ARG
|
955.9m NZD | 15.5 | 6.2 | |
| ZA |
G
|
Growthpoint Properties Ltd
JSE:GRT
|
57.6B ZAR | 14 | 11.1 | |
| ZA |
R
|
Redefine Properties Ltd
JSE:RDF
|
44.9B ZAR | 14.1 | 10.9 | |
| US |
|
WP Carey Inc
NYSE:WPC
|
16B USD | 28.1 | 34.2 | |
| ZA |
F
|
Fairvest Ltd
JSE:FTA
|
13.7B ZAR | 14.4 | 9.3 | |
| ZA |
A
|
Attacq Ltd
JSE:ATT
|
12.1B ZAR | 11.9 | 8.4 | |
| ES |
|
MERLIN Properties SOCIMI SA
MAD:MRL
|
8.5B EUR | 31.5 | 11.1 | |
| ZA |
S
|
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
|
9.7B ZAR | 13 | 17.2 | |
| 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
|
10.2B 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
Argosy Property Ltd
Glance View
Argosy Property Ltd. engages in investing and managing properties for the commercial, retail, and industrial sectors. The firm's segments include Industrial, Office and large format retail. The firm owns a portfolio of industrial, office and retail properties in Auckland and Wellington. The firm's industrial portfolio consists of approximately 38 buildings throughout New Zealand, and includes distribution centers, logistics warehouses, as well as numerous other corporate and owner-operated businesses. Its office portfolio includes houses government departments, as well as New Zealand and international businesses. The firm's properties in Auckland are located in areas, including Manukau, East Tamaki, Panmure, Albany, Mangere, and Henderson. Its properties in Wellington are located in areas, including Kaiwharawhara, Seaview and Grenada North.
