Stride Property Ltd
NZX:SPG
Intrinsic Value
Stride Stapled Group engages in the provision of real estate investment and management services. [ Read More ]
The intrinsic value of one
SPG
stock under the Base Case scenario is
1.72
NZD.
Compared to the current market price of 1.23 NZD,
Stride Property Ltd
is
Undervalued by 28%.
Stride Property Ltd's market capitalization is 676.8m NZD.
SPG stock price is 1.23 NZD.
SPG stock price (1.23 NZD) is 28% less than its Intrinsic Value (1.72 NZD).
SPG has upside potential of 15% compared to the average analyst price target.
Open Wall St Estimates
SPG's Revenue is forecast to grow at a rate of 0% per year over the next 3 years.
SPG's ROIC (Return on Invested Capital) has increased in the last 3 years from 4% to 5%.
SPG's ROIC (Return on Invested Capital) for the past 12 months is very low and is equal to 5%.
SPG's Revenue has grown by an exceptional 21% over the past 12 months.
SPG's Revenue has been growing by 16% per year for the last 3 years.
SPG has a very low three-year average ROE (Return on Equity): 4%. The company is not efficient at transforming stockholders' equity into net income.
SPG has a very low three-year average ROIC (Return on Invested Capital): 4%. The company is not efficient at using invested capital to generate operating income.
SPG's ROE (Return on Equity) has significantly decreased in the last 3 years from 15% to -11%.
SPG's ROE (Return on Equity) for the past 12 months is negative and is equal to -11%.
SPG's short-term assets (22m NZD) exceed its short-term liabilties (11m NZD).
SPG has positive Operating Income for the last twelve months.
SPG has negative Net Income for the last twelve months.
SPG's D/E (Debt to Equity) is very low and is equal to 0.46.
SPG has positive Gross Profit for the last twelve months.
SPG's long-term assets (2B NZD) exceed its long-term liabilties (487m NZD).
SPG has positive Free Cash Flow for the last twelve months.
SPG's Altman Z-Score is very low and is equal to 1.22.
SPG has positive Net Debt. This means that the company has more debt (467m NZD) than cash and short-term investments (15m NZD).
SPG doesn't generate enough operating income (73m NZD) to safely cover interest payments on its debt (-19m NZD).
Valuation Backtest
Stride Property Ltd
Run backtest to discover the historical profit from buying and selling
SPG
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Stride Property Ltd
Balance Sheet Decomposition
Stride Property Ltd
| Current Assets | 21.9m |
| Cash & Short-Term Investments | 15m |
| Receivables | 2.5m |
| Other Current Assets | 4.4m |
| Non-Current Assets | 1.5B |
| Long-Term Investments | 1.4B |
| PP&E | 5.9m |
| Other Non-Current Assets | 26.6m |
| Current Liabilities | 11.3m |
| Accounts Payable | 1.4m |
| Accrued Liabilities | 6.9m |
| Other Current Liabilities | 3m |
| Non-Current Liabilities | 476m |
| Long-Term Debt | 467.1m |
| Other Non-Current Liabilities | 8.9m |
Earnings Waterfall
Stride Property Ltd
|
Revenue
|
96.8m
NZD
|
|
Cost of Revenue
|
-24.8m
NZD
|
|
Gross Profit
|
72.1m
NZD
|
|
Operating Expenses
|
1.2m
NZD
|
|
Operating Income
|
73.3m
NZD
|
|
Other Expenses
|
-187.4m
NZD
|
|
Net Income
|
-114.1m
NZD
|
Free Cash Flow Analysis
Stride Property Ltd
SPG Profitability Score
Profitability Due Diligence
Stride Property Ltd's profitability score is 59/100. The higher the profitability score, the more profitable the company is.
Score
Stride Property Ltd's profitability score is 59/100. The higher the profitability score, the more profitable the company is.
SPG Solvency Score
Solvency Due Diligence
Stride Property Ltd's solvency score is 37/100. The higher the solvency score, the more solvent the company is.
Score
Stride Property Ltd's solvency score is 37/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
SPG Price Targets Summary
Stride Property Ltd
According to Wall Street analysts, the average 1-year price target for
SPG
is 1.42 NZD
with a low forecast of 1.27 NZD and a high forecast of 1.52 NZD.
Shareholder Return
SPG Price
Stride Property Ltd
| Average Annual Return | -3.15% |
| Standard Deviation of Annual Returns | 20% |
| Max Drawdown | -51% |
| Market Capitalization | 676.8m NZD |
| Shares Outstanding | 558 408 000 |
| Percentage of Shares Shorted |
N/A
|
Company Profile
Stride Property Ltd
Country
Industry
Market Cap
Dividend Yield
Description
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.
Contact
IPO
Employees
Officers
The intrinsic value of one
SPG
stock under the Base Case scenario is
1.72
NZD.
Compared to the current market price of 1.23 NZD,
Stride Property Ltd
is
Undervalued by 28%.
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