Elanor Commercial Property Fund
ASX:ECF

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Elanor Commercial Property Fund
ASX:ECF
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Price: 0.59 AUD -2.48% Market Closed
Market Cap: 240.1m AUD
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Relative Value

The Relative Value of one ECF stock under the Base Case scenario is 0.98 AUD. Compared to the current market price of 0.59 AUD, Elanor Commercial Property Fund is Undervalued by 40%.

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.

ECF Relative Value
Base Case
0.98 AUD
Undervaluation 40%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
85
vs Industry
45
Median 3Y
7.1
Median 5Y
7.5
Industry
3.8
Forward
5.8
vs History
vs Industry
33
Median 3Y
8.2
Median 5Y
-9
Industry
16.8
Forward
8
vs History
85
vs Industry
48
Median 3Y
10.5
Median 5Y
10.8
Industry
11.2
vs History
55
vs Industry
40
Median 3Y
7.1
Median 5Y
6.8
Industry
13.5
vs History
91
vs Industry
55
Median 3Y
1
Median 5Y
1.1
Industry
0.9
vs History
85
vs Industry
43
Median 3Y
10.7
Median 5Y
11.2
Industry
6.8
Forward
8.6
vs History
vs Industry
Median 3Y
0
Median 5Y
0
Industry
12
vs History
85
vs Industry
51
Median 3Y
16.1
Median 5Y
16.7
Industry
16.1
Forward
9.6
vs History
85
vs Industry
52
Median 3Y
16.1
Median 5Y
16.7
Industry
19.1
Forward
10.1
vs History
81
vs Industry
46
Median 3Y
15.9
Median 5Y
16.2
Industry
18.6
vs History
81
vs Industry
41
Median 3Y
15.9
Median 5Y
16.2
Industry
20.3
vs History
91
vs Industry
42
Median 3Y
1
Median 5Y
1
Industry
0.7

Multiples Across Competitors

ECF Competitors Multiples
Elanor Commercial Property 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
AU
Elanor Commercial Property Fund
ASX:ECF
240.1m AUD 4.7 -9.5 10.6 10.6
US
Alexandria Real Estate Equities Inc
NYSE:ARE
18.6B USD 5.9 66.5 14.7 32.9
US
Boston Properties Inc
NYSE:BXP
12.6B USD 3.7 34.8 14.7 27.1
US
Vornado Realty Trust
NYSE:VNO
8B USD 4.5 -148.7 21.8 64
JP
Nippon Building Fund Inc
TSE:8951
1.1T JPY 11.2 25.5 26.8 36.2
US
COPT Defense Properties
NYSE:CDP
6.9B USD 9.5 -59.7 -179.9 -179.9
FR
Covivio SA
PAR:COV
5.8B EUR 5.3 -7.8 16.7 18.2
JP
Japan Real Estate Investment Corp
TSE:8952
785.4B JPY 9.8 22 23.2 30.7
US
SL Green Realty Corp
NYSE:SLG
4.9B USD 5.6 -28.8 30 112.9
AU
Dexus
ASX:DXS
7.5B AUD 8.3 -4.7 35.5 35.5
US
Kilroy Realty Corp
NYSE:KRC
4.7B USD 4.2 23.7 13.4 28.1
P/E Multiple
Earnings Growth
AU
Elanor Commercial Property Fund
ASX:ECF
Average P/E: 34.5
Negative Multiple: -9.5
N/A
US
Alexandria Real Estate Equities Inc
NYSE:ARE
66.5
592%
US
Boston Properties Inc
NYSE:BXP
34.8
73%
US
Vornado Realty Trust
NYSE:VNO
Negative Multiple: -148.7
-66%
JP
Nippon Building Fund Inc
TSE:8951
25.5
7%
US
COPT Defense Properties
NYSE:CDP
Negative Multiple: -59.7 N/A
FR
Covivio SA
PAR:COV
Negative Multiple: -7.8 N/A
JP
Japan Real Estate Investment Corp
TSE:8952
22
-10%
US
SL Green Realty Corp
NYSE:SLG
Negative Multiple: -28.8 N/A
AU
Dexus
ASX:DXS
Negative Multiple: -4.7 N/A
US
Kilroy Realty Corp
NYSE:KRC
23.7
-37%

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