Investore Property Ltd
NZX:IPL
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EV/IC
Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.
Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.
Valuation Scenarios
If EV/IC returns to its 3-Year Average (0.8), the stock would be worth NZ$1.11 (4% upside from current price).
| Scenario | EV/IC Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 0.8 | NZ$1.07 |
0%
|
| 3-Year Average | 0.8 | NZ$1.11 |
+4%
|
| 5-Year Average | 0.8 | NZ$1.11 |
+4%
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| Industry Average | 0.9 | NZ$1.19 |
+11%
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| Country Average | 1.2 | NZ$1.58 |
+48%
|
Forward EV/IC
Today’s price vs future invested capital
Peer Comparison
| Market Cap | EV/IC | P/E | ||||
|---|---|---|---|---|---|---|
| NZ |
|
Investore Property Ltd
NZX:IPL
|
404.1m NZD | 0.8 | 9.9 | |
| US |
|
Simon Property Group Inc
NYSE:SPG
|
65.8B USD | 2.5 | 14.3 | |
| US |
|
Realty Income Corp
NYSE:O
|
59.6B USD | 1.2 | 56.3 | |
| SG |
|
CapitaLand Integrated Commercial Trust
SGX:C38U
|
18B | 0 | 0 | |
| US |
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Kimco Realty Corp
NYSE:KIM
|
15.8B USD | 1.2 | 28.6 | |
| US |
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Regency Centers Corp
NASDAQ:REG
|
14.3B USD | 1.5 | 27.9 | |
| AU |
|
Scentre Group
ASX:SCG
|
19.7B AUD | 0.9 | 11.1 | |
| HK |
|
Link Real Estate Investment Trust
HKEX:823
|
101.4B HKD | 0.7 | -14.9 | |
| FR |
|
Klepierre SA
PAR:LI
|
9.9B EUR | 0.8 | 7.6 | |
| US |
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Federal Realty Investment Trust
NYSE:FRT
|
9.9B USD | 1.7 | 24.6 | |
| US |
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Agree Realty Corp
NYSE:ADC
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9.2B USD | 1.3 | 46.7 |
Market Distribution
| Min | 0.2 |
| 30th Percentile | 0.9 |
| Median | 1.2 |
| 70th Percentile | 1.8 |
| Max | 24.1 |
Other Multiples
Investore Property Ltd
Glance View
Investore Property Ltd. engages in the property investment activities. The firm is engaged in commercial property ownership business. The firm invests in large format retail property assets in New Zealand. The firm's portfolio is spread across geographical areas, including Other South Island, Waikato, Other North Island, Wellington, Otago, Canterbury and Auckland. Its property portfolio includes features, such as leases structured as net leases; property or land able to be converted into large format retail real estate through asset management activities, such as change of use, leasing, development and redevelopment initiatives; anchor tenants that occupy over 50% of the net lettable area of the property, and uses that include grocery, bulky goods retailing, factory outlets, general merchandise and convenience retailing.
