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Stride Property Ltd
NZX:SPG

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Stride Property Ltd
NZX:SPG
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Price: 1.23 NZD -2.38% Market Closed
Updated: May 11, 2024
Section:
 

Relative Value

The Relative Value of one SPG stock under the Base Case scenario is 2.34 NZD. Compared to the current market price of 1.23 NZD, Stride Property Ltd is Undervalued by 47%.

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
2.34 NZD
Undervaluation 47%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

7
P/S
P/S
Price to Sales
7
vs History
93
vs Industry
28
Median 3Y
10.4
Median 5Y
9.6
Industry
3.7
Forward
7.5
More Details
Negative
P/E
P/E
Price to Earnings
N/A
vs History
vs Industry
46
Median 3Y
-5.9
Median 5Y
7.8
Industry
16.2
Forward
11.7
More Details
15.4
P/OCF
P/OCF
Price to OCF
15.4
vs History
95
vs Industry
23
Median 3Y
20.4
Median 5Y
21.1
Industry
10.2
More Details
6.6
P/FCFE
P/FCFE
Price to FCFE
6.6
vs History
44
vs Industry
39
Median 3Y
4.5
Median 5Y
6
Industry
12.6
More Details
0.7
P/B
P/B
Price to Book Value
0.7
vs History
80
vs Industry
56
Median 3Y
0.7
Median 5Y
0.8
Industry
0.8
More Details
11.7
EV/S
EV/S
Enterprise Value to Sales
11.7
vs History
96
vs Industry
25
Median 3Y
14.6
Median 5Y
14.6
Industry
6.7
Forward
12.5
More Details
15.7
EV/GP
EV/GP
Enterprise Value to Gross Profit
15.7
vs History
95
vs Industry
31
Median 3Y
20.3
Median 5Y
19.6
Industry
11.7
More Details
15.4
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
15.4
vs History
96
vs Industry
39
Median 3Y
20
Median 5Y
19.6
Industry
15.7
Forward
14.5
More Details
15.4
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
15.4
vs History
96
vs Industry
45
Median 3Y
20
Median 5Y
19.6
Industry
18.8
Forward
14.3
More Details
25.6
EV/OCF
EV/OCF
Enterprise Value to OCF
25.6
vs History
96
vs Industry
22
Median 3Y
29.2
Median 5Y
31.5
Industry
17.2
More Details
25.6
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
25.6
vs History
96
vs Industry
25
Median 3Y
31.1
Median 5Y
32.9
Industry
19
More Details
0.8
EV/IC
EV/IC
Enterprise Value to IC
0.8
vs History
68
vs Industry
45
Median 3Y
0.8
Median 5Y
0.8
Industry
0.7
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
676.8m NZD 7 -5.9 15.4 15.4
ZA
Growthpoint Properties Ltd
JSE:GRT
37.5B Zac 0 0 0 0
ZA
Redefine Properties Ltd
JSE:RDF
26.3B Zac 0 0 0 0
SG
Mapletree North Asia Commercial Trust
OTC:MTGCF
17.6B USD 56 1 095.2 90 90.4
US
WP Carey Inc
NYSE:WPC
12.8B USD 7.5 22.3 14.4 24.1
US
STORE Capital Corp
NYSE:STOR
9.1B USD 10.3 28.4 17.4 27.8
FR
Gecina SA
PAR:GFC
7.4B EUR 8.8 -4.6 -9.3 -9.1
AU
Stockland Corporation Ltd
ASX:SGP
10.9B AUD 4.2 45.2 20.6 20.6
ZA
Attacq Ltd
JSE:ATT
7.2B Zac 0 0 0 0
ZA
Investec Property Fund Ltd
JSE:IPF
6.4B Zac 0 0 0 0
UK
Land Securities Group PLC
LSE:LAND
5B GBP 6.1 -8.1 18.7 18.8
P/E Multiple
Earnings Growth
NZ
Stride Property Ltd
NZX:SPG
Average P/E: 297.8
Negative Multiple: -5.9 		N/A
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-98%
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
-97%
SG
M
Mapletree North Asia Commercial Trust
OTC:MTGCF
1 095.2
865%
US
WP Carey Inc
NYSE:WPC
22.3
N/A
US
STORE Capital Corp
NYSE:STOR
28.4
31%
FR
Gecina SA
PAR:GFC
Negative Multiple: -4.6 N/A
AU
Stockland Corporation Ltd
ASX:SGP
45.2
101%
ZA
A
Attacq Ltd
JSE:ATT
Not Available
22%
ZA
I
Investec Property Fund Ltd
JSE:IPF
Not Available N/A
UK
Land Securities Group PLC
LSE:LAND
Negative Multiple: -8.1 N/A

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
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