SNB Capital Funds of REITs Fund
SAU:4338

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SNB Capital Funds of REITs Fund
SAU:4338
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Price: 7.5 SAR 0.81% Market Closed
Market Cap: 1B SAR

Relative Value

The Relative Value of one SNB Capital Funds of REITs Fund stock under the Base Case scenario is 11.42 SAR. Compared to the current market price of 7.5 SAR, SNB Capital Funds of REITs Fund is Undervalued by 34%.

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.

Relative Value
Base Case
11.42 SAR
Undervaluation 34%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
77
vs Industry
33
Median 3Y
5.8
Median 5Y
6.8
Industry
3.8
vs History
9
vs Industry
16
Median 3Y
31
Median 5Y
30.4
Industry
16.3
vs History
49
vs Industry
2
Median 3Y
9.8
Median 5Y
11.1
Industry
11.2
vs History
9
vs Industry
37
Median 3Y
8.9
Median 5Y
9
Industry
12.8
vs History
58
vs Industry
43
Median 3Y
0.9
Median 5Y
0.9
Industry
0.9
vs History
73
vs Industry
34
Median 3Y
9.3
Median 5Y
9.8
Industry
6.8
vs History
31
vs Industry
41
Median 3Y
13.2
Median 5Y
13.4
Industry
12.5
vs History
53
vs Industry
32
Median 3Y
16.7
Median 5Y
16.9
Industry
15.9
vs History
31
vs Industry
38
Median 3Y
17.3
Median 5Y
17.7
Industry
19.2
vs History
33
vs Industry
3
Median 3Y
16.4
Median 5Y
17.7
Industry
18.5
vs History
17
vs Industry
3
Median 3Y
17.3
Median 5Y
17.7
Industry
20.7
vs History
55
vs Industry
35
Median 3Y
0.9
Median 5Y
0.9
Industry
0.8

Multiples Across Competitors

Competitors Multiples
SNB Capital Funds of REITs Fund Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
SA
SNB Capital Funds of REITs Fund
SAU:4338
1B SAR 5.5 49 16.7 17.8
ZA
Growthpoint Properties Ltd
JSE:GRT
61B Zac 0 0 0 0
ZA
Redefine Properties Ltd
JSE:RDF
40.5B Zac 0 0 0 0
US
WP Carey Inc
NYSE:WPC
14.9B USD 8.8 40.5 16.9 26.9
ZA
Attacq Ltd
JSE:ATT
11.7B Zac 0 0 0 0
ZA
Fairvest Ltd
JSE:FTA
10.7B Zac 0 0 0 0
JP
KDX Realty Investment Corp
OTC:KDXRF
9.5B USD 18.8 43.8 38.5 48.5
AU
Stockland Corporation Ltd
ASX:SGP
13.2B AUD 4.2 16 22.2 22.2
ZA
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
8.7B Zac 0 0 0 0
ES
MERLIN Properties SOCIMI SA
MAD:MRL
7B EUR 13.4 10.9 16.1 16.2
AU
Charter Hall Group
ASX:CHC
11.4B AUD 16.6 50.7 25.3 25.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
SA
SNB Capital Funds of REITs Fund
SAU:4338
Average EV/EBITDA: 22.6
16.7
N/A N/A
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
16.9
9%
1.9
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
38.5
N/A N/A
AU
Stockland Corporation Ltd
ASX:SGP
22.2
19%
1.2
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available
0%
N/A
ES
MERLIN Properties SOCIMI SA
MAD:MRL
16.1
388%
0
AU
Charter Hall Group
ASX:CHC
25.3
21%
1.2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
SA
SNB Capital Funds of REITs Fund
SAU:4338
Average EV/EBIT: 26.2
17.8
N/A N/A
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
26.9
12%
2.2
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
48.5
N/A N/A
AU
Stockland Corporation Ltd
ASX:SGP
22.2
18%
1.2
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available N/A N/A
ES
MERLIN Properties SOCIMI SA
MAD:MRL
16.2
N/A N/A
AU
Charter Hall Group
ASX:CHC
25.3
20%
1.3