CAR.UN Relative Valuation - Canadian Apartment Properties Real Estate Investment Trust

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Price: 37.53 CAD 0.13% Market Closed

Market Cap: CA$5.9B

Relative Value

The Relative Value of one CAR.UN stock under the Base Case scenario is 64.73 CAD. Compared to the current market price of 37.53 CAD, Canadian Apartment Properties Real Estate Investment Trust is Undervalued by 42%.

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.

What is Relative Valuation?

How is Relative Value calculated?

CAR.UN Relative Value

Base Case

Undervaluation 42%

Relative Value

Price

Worst Case

Base Case

Best Case

Valuation Multiples

View Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
CA		Canadian Apartment Properties Real Estate Investment Trust TSX:CAR.UN	5.8B CAD	5.8	29.5	18.8	19
US		Avalonbay Communities Inc NYSE:AVB	25.4B USD	8.4	21.8	18.8	37.2
US		Equity Residential NYSE:EQR	24.3B USD	7.8	21.6	17.1	37.2
US	A	American Campus Communities Inc F:FGA	17.8B EUR	21.3	369.5	52.1	128.2
US		Essex Property Trust Inc NYSE:ESS	17B USD	9	25.3	19.7	39.4
US		Sun Communities Inc NYSE:SUI	16.8B USD	6.6	16.4	38.7	38.7
US		Invitation Homes Inc NYSE:INVH	16.1B USD	5.9	27.4	16.2	32.4
US		Mid-America Apartment Communities Inc NYSE:MAA	15.9B USD	7.2	35.8	17.1	34.2
US	E	Equity LifeStyle Properties Inc NYSE:ELS	13.2B USD	8.6	33.8	22.7	32.1
US		UDR Inc NYSE:UDR	12.5B USD	7.3	33.6	18.2	56.9
US		Camden Property Trust NYSE:CPT	11.8B USD	7.5	30.6	17.3	54

				Revenue Growth	P/S to Growth
CA		Canadian Apartment Properties Real Estate Investment Trust TSX:CAR.UN	Average P/S: 8.7 5.8	N/A	N/A
US		Avalonbay Communities Inc NYSE:AVB	8.4	5%	1.7
US		Equity Residential NYSE:EQR	7.8	4%	2
US	A	American Campus Communities Inc F:FGA	21.3	N/A	N/A
US		Essex Property Trust Inc NYSE:ESS	9	4%	2.2
US		Sun Communities Inc NYSE:SUI	6.6	-8%	N/A
US		Invitation Homes Inc NYSE:INVH	5.9	6%	1
US		Mid-America Apartment Communities Inc NYSE:MAA	7.2	5%	1.4
US	E	Equity LifeStyle Properties Inc NYSE:ELS	8.6	-7%	N/A
US		UDR Inc NYSE:UDR	7.3	3%	2.4
US		Camden Property Trust NYSE:CPT	7.5	3%	2.5

				Earnings Growth	PEG
CA		Canadian Apartment Properties Real Estate Investment Trust TSX:CAR.UN	Average P/E: 58.7 29.5	N/A	N/A
US		Avalonbay Communities Inc NYSE:AVB	21.8	-10%	N/A
US		Equity Residential NYSE:EQR	21.6	-20%	N/A
US	A	American Campus Communities Inc F:FGA	369.5	N/A	N/A
US		Essex Property Trust Inc NYSE:ESS	25.3	-12%	N/A
US		Sun Communities Inc NYSE:SUI	16.4	67%	0.2
US		Invitation Homes Inc NYSE:INVH	27.4	4%	6.9
US		Mid-America Apartment Communities Inc NYSE:MAA	35.8	N/A	N/A
US	E	Equity LifeStyle Properties Inc NYSE:ELS	33.8	6%	5.6
US		UDR Inc NYSE:UDR	33.6	N/A	N/A
US		Camden Property Trust NYSE:CPT	30.6	N/A	N/A

				EBITDA Growth	EV/EBITDA to Growth
CA		Canadian Apartment Properties Real Estate Investment Trust TSX:CAR.UN	Average EV/EBITDA: 23.3 18.8	N/A	N/A
US		Avalonbay Communities Inc NYSE:AVB	18.8	6%	3.1
US		Equity Residential NYSE:EQR	17.1	4%	4.3
US	A	American Campus Communities Inc F:FGA	52.1	N/A	N/A
US		Essex Property Trust Inc NYSE:ESS	19.7	6%	3.3
US		Sun Communities Inc NYSE:SUI	38.7	-2%	N/A
US		Invitation Homes Inc NYSE:INVH	16.2	6%	2.7
US		Mid-America Apartment Communities Inc NYSE:MAA	17.1	5%	3.4
US	E	Equity LifeStyle Properties Inc NYSE:ELS	22.7	6%	3.8
US		UDR Inc NYSE:UDR	18.2	5%	3.6
US		Camden Property Trust NYSE:CPT	17.3	5%	3.5

				EBIT Growth	EV/EBIT to Growth
CA		Canadian Apartment Properties Real Estate Investment Trust TSX:CAR.UN	Average EV/EBIT: 46.3 19	N/A	N/A
US		Avalonbay Communities Inc NYSE:AVB	37.2	7%	5.3
US		Equity Residential NYSE:EQR	37.2	7%	5.3
US	A	American Campus Communities Inc F:FGA	128.2	N/A	N/A
US		Essex Property Trust Inc NYSE:ESS	39.4	8%	4.9
US		Sun Communities Inc NYSE:SUI	38.7	4%	9.7
US		Invitation Homes Inc NYSE:INVH	32.4	11%	2.9
US		Mid-America Apartment Communities Inc NYSE:MAA	34.2	4%	8.6
US	E	Equity LifeStyle Properties Inc NYSE:ELS	32.1	6%	5.4
US		UDR Inc NYSE:UDR	56.9	13%	4.4
US		Camden Property Trust NYSE:CPT	54	N/A	N/A

Canadian Apartment Properties Real Estate Investment Trust
TSX:CAR.UN

Relative Value

Valuation Multiples

Multiples Across Competitors

CAR.UN Competitors Multiples
Canadian Apartment Properties Real Estate Investment Trust Competitors

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Stocks

Canadian Apartment Properties Real Estate Investment Trust TSX:CAR.UN

Relative Value

Valuation Multiples

Multiples Across Competitors

CAR.UN Competitors Multiples Canadian Apartment Properties Real Estate Investment Trust Competitors

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Stocks

Canadian Apartment Properties Real Estate Investment Trust
TSX:CAR.UN

CAR.UN Competitors Multiples
Canadian Apartment Properties Real Estate Investment Trust Competitors