First Capital Real Estate Investment Trust
TSX:FCR.UN

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First Capital Real Estate Investment Trust
TSX:FCR.UN
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Price: 19.16 CAD Market Closed
Market Cap: 4.1B CAD

Relative Value

The Relative Value of one FCR.UN stock under the Base Case scenario is 30.07 CAD. Compared to the current market price of 19.16 CAD, First Capital Real Estate Investment Trust is Undervalued by 36%.

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.

FCR.UN Relative Value
Base Case
30.07 CAD
Undervaluation 36%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
6
vs Industry
38
Median 3Y
5
Median 5Y
4.8
Industry
3.8
Forward
5.4
vs History
11
vs Industry
31
Median 3Y
-19.3
Median 5Y
-21.5
Industry
16.3
Forward
14.6
vs History
1
vs Industry
24
Median 3Y
15
Median 5Y
13.8
Industry
11.1
vs History
6
vs Industry
6
Median 3Y
13.3
Median 5Y
-34.5
Industry
12.8
vs History
3
vs Industry
41
Median 3Y
0.9
Median 5Y
0.8
Industry
0.9
vs History
17
vs Industry
32
Median 3Y
9.9
Median 5Y
9.7
Industry
6.8
Forward
10
vs History
22
vs Industry
31
Median 3Y
16
Median 5Y
15.8
Industry
12.5
vs History
7
vs Industry
35
Median 3Y
17.5
Median 5Y
16.9
Industry
15.8
Forward
17.2
vs History
7
vs Industry
40
Median 3Y
17.7
Median 5Y
17
Industry
19.1
vs History
1
vs Industry
17
Median 3Y
29.7
Median 5Y
28.9
Industry
18.4
vs History
1
vs Industry
21
Median 3Y
29.7
Median 5Y
28.9
Industry
20.5
vs History
1
vs Industry
43
Median 3Y
0.8
Median 5Y
0.8
Industry
0.8

Multiples Across Competitors

FCR.UN Competitors Multiples
First Capital Real Estate Investment Trust Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
First Capital Real Estate Investment Trust
TSX:FCR.UN
4.1B CAD 5.6 16.5 18.6 18.8
US
Simon Property Group Inc
NYSE:SPG
60.4B USD 9.8 26.9 18.5 27.1
US
Realty Income Corp
NYSE:O
51.8B USD 9.3 53.9 16 32.1
SG
CapitaLand Integrated Commercial Trust
SGX:C38U
17.1B 0 0 0 0
AU
Scentre Group
ASX:SCG
21.9B AUD 8.2 15.3 20.1 20.1
US
Kimco Realty Corp
NYSE:KIM
13.5B USD 6.4 24 16.2 30.6
US
Regency Centers Corp
NASDAQ:REG
12.5B USD 8.2 31.3 17.8 30.1
HK
Link Real Estate Investment Trust
HKEX:823
90.3B HKD 6.4 -13.3 14.1 14.1
FR
Klepierre SA
PAR:LI
9.6B EUR 6.2 8.1 16.2 16.2
US
Federal Realty Investment Trust
NYSE:FRT
8.7B USD 7 25.9 16.8 30.6
FR
Unibail-Rodamco-Westfield SE
AEX:URW
7.2B EUR 2.4 55.2 17.4 17.5