Stride Property Ltd
NZX:SPG

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Stride Property Ltd
NZX:SPG
Watchlist
Price: 1.335 NZD -1.11% Market Closed
Market Cap: 746.9m NZD
Section:
 

Relative Value

The Relative Value of one SPG stock under the Base Case scenario is 1.84 NZD. Compared to the current market price of 1.335 NZD, Stride Property Ltd is Undervalued by 27%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

SPG Relative Value
Base Case
1.84 NZD
Undervaluation 27%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

7.6
P/S
P/S
Price to Sales
7.6
vs History
61
vs Industry
29
Median 3Y
7.4
Median 5Y
8.2
Industry
3.8
Forward
9.7
More Details
34.5
P/E
P/E
Price to Earnings
34.5
vs History
14
vs Industry
10
Median 3Y
-6.2
Median 5Y
7.3
Industry
16.3
Forward
14.9
More Details
19
P/OCF
P/OCF
Price to OCF
19
vs History
46
vs Industry
25
Median 3Y
17.3
Median 5Y
18.9
Industry
11.1
More Details
11.4
P/FCFE
P/FCFE
Price to FCFE
11.4
vs History
23
vs Industry
19
Median 3Y
9.7
Median 5Y
6.9
Industry
12.8
More Details
0.8
P/B
P/B
Price to Book Value
0.8
vs History
38
vs Industry
56
Median 3Y
0.7
Median 5Y
0.8
Industry
0.9
More Details
11.8
EV/S
EV/S
Enterprise Value to Sales
11.8
vs History
73
vs Industry
30
Median 3Y
12
Median 5Y
12.7
Industry
6.8
Forward
14.9
More Details
16.6
EV/GP
EV/GP
Enterprise Value to Gross Profit
16.6
vs History
60
vs Industry
35
Median 3Y
16.1
Median 5Y
17.3
Industry
12.5
More Details
16.8
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
16.8
vs History
55
vs Industry
40
Median 3Y
16.3
Median 5Y
17.4
Industry
15.8
Forward
17.8
More Details
16.8
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
16.8
vs History
55
vs Industry
44
Median 3Y
16.3
Median 5Y
17.4
Industry
19.1
Forward
17.1
More Details
29.2
EV/OCF
EV/OCF
Enterprise Value to OCF
29.2
vs History
42
vs Industry
24
Median 3Y
27
Median 5Y
28.6
Industry
18.4
More Details
30.5
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
30.5
vs History
44
vs Industry
26
Median 3Y
28.2
Median 5Y
29.9
Industry
20.5
More Details
0.8
EV/IC
EV/IC
Enterprise Value to IC
0.8
vs History
26
vs Industry
46
Median 3Y
0.8
Median 5Y
0.8
Industry
0.8
More Details

Multiples Across Competitors

SPG Competitors Multiples
Stride Property Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
NZ
Stride Property Ltd
NZX:SPG
746.3m NZD 7.6 34.5 16.8 16.8
ZA
Growthpoint Properties Ltd
JSE:GRT
58.3B Zac 0 0 0 0
ZA
Redefine Properties Ltd
JSE:RDF
38.3B Zac 0 0 0 0
US
WP Carey Inc
NYSE:WPC
14.2B USD 8.4 38.8 16.5 26.1
ZA
Attacq Ltd
JSE:ATT
11.2B Zac 0 0 0 0
ZA
Fairvest Ltd
JSE:FTA
10.9B Zac 0 0 0 0
JP
KDX Realty Investment Corp
OTC:KDXRF
9.5B USD 18.8 43.5 39.1 49.2
AU
Stockland Corporation Ltd
ASX:SGP
14.1B AUD 4.5 17 23.3 23.3
ZA
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
8.4B Zac 0 0 0 0
AU
Charter Hall Group
ASX:CHC
12.2B AUD 17.8 54.2 27.2 27.2
ES
MERLIN Properties SOCIMI SA
MAD:MRL
6.9B EUR 13.3 10.8 26.7 27.1
P/S Multiple
Revenue Growth P/S to Growth
NZ
Stride Property Ltd
NZX:SPG
Average P/S: 11.7
7.6
-4%
N/A
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-10%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
-9%
N/A
US
WP Carey Inc
NYSE:WPC
8.4
6%
1.4
ZA
A
Attacq Ltd
JSE:ATT
Not Available N/A N/A
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
18.8
-4%
N/A
AU
Stockland Corporation Ltd
ASX:SGP
4.5
10%
0.4
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available
-15%
N/A
AU
Charter Hall Group
ASX:CHC
17.8
14%
1.3
ES
MERLIN Properties SOCIMI SA
MAD:MRL
13.3
10%
1.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
NZ
Stride Property Ltd
NZX:SPG
Average EV/EBITDA: 24.9
16.8
3%
5.6
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-1%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
1%
N/A
US
WP Carey Inc
NYSE:WPC
16.5
8%
2.1
ZA
A
Attacq Ltd
JSE:ATT
Not Available N/A N/A
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
39.1
-2%
N/A
AU
Stockland Corporation Ltd
ASX:SGP
23.3
19%
1.2
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available
0%
N/A
AU
Charter Hall Group
ASX:CHC
27.2
21%
1.3
ES
MERLIN Properties SOCIMI SA
MAD:MRL
26.7
10%
2.7
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
NZ
Stride Property Ltd
NZX:SPG
Average EV/EBIT: 28.3
16.8
4%
4.2
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-2%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
5%
N/A
US
WP Carey Inc
NYSE:WPC
26.1
11%
2.4
ZA
A
Attacq Ltd
JSE:ATT
Not Available
4%
N/A
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
49.2
N/A N/A
AU
Stockland Corporation Ltd
ASX:SGP
23.3
18%
1.3
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available N/A N/A
AU
Charter Hall Group
ASX:CHC
27.2
20%
1.4
ES
MERLIN Properties SOCIMI SA
MAD:MRL
27.1
20%
1.4

See Also

Summary
SPG intrinsic value, competitors valuation, and company profile.
DCF Valuation
SPG stock valuation using Discount Cash Flow valuation method.
Relative Valuation
SPG stock valuation using valuation multiples.
Wall Street Estimates
SPG price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
SPG stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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