Investore Property Ltd
NZX:IPL
Decide at what price you'd be comfortable buying and we'll help you stay ready.
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P/FCFE
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Valuation Scenarios
If P/FCFE returns to its 3-Year Average (15.7), the stock would be worth NZ$0.55 (49% downside from current price).
| Scenario | P/FCFE Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 30.8 | NZ$1.07 |
0%
|
| 3-Year Average | 15.7 | NZ$0.55 |
-49%
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| 5-Year Average | 12 | NZ$0.42 |
-61%
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| Industry Average | 8.6 | NZ$0.3 |
-72%
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| Country Average | 21.5 | NZ$0.75 |
-30%
|
Forward P/FCFE
Today’s price vs future free cash flow to equity
Peer Comparison
| Market Cap | P/FCFE | P/E | ||||
|---|---|---|---|---|---|---|
| NZ |
|
Investore Property Ltd
NZX:IPL
|
404.1m NZD | 30.8 | 9.9 | |
| US |
|
Simon Property Group Inc
NYSE:SPG
|
65.8B USD | 24.9 | 14.3 | |
| US |
|
Realty Income Corp
NYSE:O
|
59.6B USD | 6 285.6 | 56.3 | |
| SG |
|
CapitaLand Integrated Commercial Trust
SGX:C38U
|
18B | 0 | 0 | |
| US |
|
Kimco Realty Corp
NYSE:KIM
|
15.8B USD | -174.7 | 28.6 | |
| US |
|
Regency Centers Corp
NASDAQ:REG
|
14.3B USD | 77.3 | 27.9 | |
| AU |
|
Scentre Group
ASX:SCG
|
19.7B AUD | 22.3 | 11.1 | |
| HK |
|
Link Real Estate Investment Trust
HKEX:823
|
101.4B HKD | 15.8 | -14.9 | |
| FR |
|
Klepierre SA
PAR:LI
|
9.9B EUR | 9.5 | 7.6 | |
| US |
|
Federal Realty Investment Trust
NYSE:FRT
|
9.9B USD | -36.3 | 24.6 | |
| US |
|
Agree Realty Corp
NYSE:ADC
|
9.2B USD | -13.1 | 46.7 |
Market Distribution
| Min | 2.3 |
| 30th Percentile | 12.5 |
| Median | 21.5 |
| 70th Percentile | 34.7 |
| Max | 457.5 |
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.
