Kiwi Property Group Ltd
NZX:KPG
Decide at what price you'd be comfortable buying and we'll help you stay ready.
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EV/EBITDA
Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Valuation Scenarios
If EV/EBITDA returns to its 3-Year Average (15.3), the stock would be worth NZ$0.93 (3% upside from current price).
| Scenario | EV/EBITDA Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 14.9 | NZ$0.91 |
0%
|
| 3-Year Average | 15.3 | NZ$0.93 |
+3%
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| 5-Year Average | 15.8 | NZ$0.97 |
+6%
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| Industry Average | 16.8 | NZ$1.03 |
+13%
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| Country Average | 18.3 | NZ$1.12 |
+23%
|
Forward EV/EBITDA
Today’s price vs future ebitda
| Today's Enterprise Value | EBITDA | Forward EV/EBITDA | ||
|---|---|---|---|---|
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NZ$2.8B
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/ |
Oct 2025
NZ$179.5m
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= |
|
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NZ$2.8B
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/ |
Mar 2026
NZ$181.8m
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= |
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NZ$2.8B
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/ |
Mar 2027
NZ$176.9m
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= |
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NZ$2.8B
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/ |
Mar 2028
NZ$184.5m
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= |
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Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.
Peer Comparison
| Market Cap | EV/EBITDA | P/E | ||||
|---|---|---|---|---|---|---|
| NZ |
|
Kiwi Property Group Ltd
NZX:KPG
|
1.5B NZD | 14.9 | 63.6 | |
| US |
|
Simon Property Group Inc
NYSE:SPG
|
65.6B USD | 19.7 | 14.2 | |
| US |
|
Realty Income Corp
NYSE:O
|
59.2B USD | 17.1 | 55.9 | |
| SG |
|
CapitaLand Integrated Commercial Trust
SGX:C38U
|
19B | 0 | 0 | |
| US |
|
Kimco Realty Corp
NYSE:KIM
|
15.9B USD | 17.7 | 28.8 | |
| US |
|
Regency Centers Corp
NASDAQ:REG
|
14.4B USD | 19.3 | 28.1 | |
| AU |
|
Scentre Group
ASX:SCG
|
19B AUD | 17.5 | 10.8 | |
| HK |
|
Link Real Estate Investment Trust
HKEX:823
|
101B HKD | 15.2 | -14.8 | |
| FR |
|
Klepierre SA
PAR:LI
|
10.1B EUR | 16.4 | 7.7 | |
| US |
|
Federal Realty Investment Trust
NYSE:FRT
|
9.5B USD | 17.7 | 23.5 | |
| US |
|
Agree Realty Corp
NYSE:ADC
|
9.2B USD | 22 | 46.9 |
Market Distribution
| Min | 4.2 |
| 30th Percentile | 14.7 |
| Median | 18.3 |
| 70th Percentile | 28.5 |
| Max | 518.2 |
Other Multiples
Kiwi Property Group Ltd
Glance View
Kiwi Property Group Ltd. engages in investing in real estate properties. The firm's primary assets are investment properties in retail and office sectors. Its segments are Retail, Office and Other. Its investment objective is to provide investors with an investment in New Zealand property, focusing on risk-adjusted returns over time through the ownership and management of a diversified portfolio. The company is focused on property investment portfolio comprising retail portfolio, which includes regional shopping centers and large format retail within and outside Auckland region, and office portfolio that includes office properties with floorplate, services, location and car parking in Auckland, and core government office accommodation supported by long-term leases to government in Wellington. Its portfolio includes properties, such as Sylvia Park, LynnMall, Westgate Lifestyle, The Base, North City, Vero Centre and The Aurora Centre, among others.
