Stride Property Ltd
NZX:SPG
Decide at what price you'd be comfortable buying and we'll help you stay ready.
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EV/FCFF
Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.
Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.
Valuation Scenarios
If EV/FCFF returns to its 3-Year Average (28.2), the stock would be worth NZ$0.98 (11% downside from current price).
| Scenario | EV/FCFF Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 31.9 | NZ$1.11 |
0%
|
| 3-Year Average | 28.2 | NZ$0.98 |
-11%
|
| 5-Year Average | 29.9 | NZ$1.04 |
-6%
|
| Industry Average | 32.7 | NZ$1.14 |
+2%
|
| Country Average | 26.5 | NZ$0.92 |
-17%
|
Forward EV/FCFF
Today’s price vs future free cash flow to firm
Peer Comparison
| Market Cap | EV/FCFF | P/E | ||||
|---|---|---|---|---|---|---|
| NZ |
|
Stride Property Ltd
NZX:SPG
|
621m NZD | 31.9 | 13.4 | |
| ZA |
G
|
Growthpoint Properties Ltd
JSE:GRT
|
55.4B ZAR | 147.1 | 10.7 | |
| ZA |
R
|
Redefine Properties Ltd
JSE:RDF
|
44B ZAR | 23.9 | 10.7 | |
| US |
|
WP Carey Inc
NYSE:WPC
|
16B USD | -43.4 | 34.3 | |
| ZA |
F
|
Fairvest Ltd
JSE:FTA
|
13.7B ZAR | 274.9 | 9.3 | |
| ZA |
A
|
Attacq Ltd
JSE:ATT
|
11.6B ZAR | 16.1 | 8.1 | |
| ES |
|
MERLIN Properties SOCIMI SA
MAD:MRL
|
8.4B EUR | 30.4 | 10.9 | |
| JP |
|
KDX Realty Investment Corp
OTC:KDXRF
|
9.5B USD | 42 | 44.3 | |
| ZA |
S
|
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
|
9B ZAR | 395.6 | 16 | |
| ZA |
H
|
Heriot REIT Ltd
JSE:HET
|
7.3B ZAR | 16.8 | 5.6 | |
| AU |
|
Stockland Corporation Ltd
ASX:SGP
|
9.8B AUD | 70.7 | 11.3 |
Market Distribution
| Min | 2.5 |
| 30th Percentile | 15.9 |
| Median | 26.5 |
| 70th Percentile | 41.5 |
| Max | 692.3 |
Other Multiples
Stride Property Ltd
Glance View
Stride Stapled Group engages in the provision of real estate investment and management services. The firm invests in office, retail and industrial properties in New Zealand. The firm holds interests in approximately 44 properties with over 143 tenants. Its properties cover a net lettable area of approximately 249,829 square meters. Its properties include offices, town centers and industrial. Its investment properties include 34 Shortland Street, Auckland; 55 Lady Elizabeth Lane, Wellington; 46 Sale Street, Auckland; 1 Grey Street, Wellington; 215 Lambton Quay, Wellington; 20 Customhouse Quay, Wellington; 22 The Terrace, Wellington; 61 Silverdale Street, Auckland; NorthWest Shopping Centre, Auckland; NorthWest Two, Auckland; Johnsonville Shopping Centre, Wellington; 30 Airpark Drive, Auckland; 20 Rockridge Avenue, Auckland; 25 O’Rorke Road and 15 Rockridge Avenue, Auckland, and 318 East Tamaki Road, Auckland.
