Spring Real Estate Investment Trust
HKEX:1426

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Spring Real Estate Investment Trust
HKEX:1426
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Price: 1.74 HKD 0.58% Market Closed
Market Cap: 2.5B HKD

Relative Value

The Relative Value of one Spring Real Estate Investment Trust stock under the Base Case scenario is 4.18 HKD. Compared to the current market price of 1.74 HKD, Spring Real Estate Investment Trust is Undervalued by 58%.

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
4.18 HKD
Undervaluation 58%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
96
vs Industry
48
Median 3Y
4.2
Median 5Y
4.9
Industry
3.6
vs History
vs Industry
12
Median 3Y
6
Median 5Y
5.7
Industry
16.4
vs History
96
vs Industry
53
Median 3Y
6.2
Median 5Y
7.7
Industry
10.8
vs History
69
vs Industry
38
Median 3Y
3.5
Median 5Y
9.4
Industry
12.6
vs History
85
vs Industry
70
Median 3Y
0.4
Median 5Y
0.4
Industry
0.8
vs History
87
vs Industry
33
Median 3Y
11
Median 5Y
10.9
Industry
6.4
vs History
6
vs Industry
51
Median 3Y
12.4
Median 5Y
12.4
Industry
11.8
vs History
80
vs Industry
37
Median 3Y
17.6
Median 5Y
17.5
Industry
15.7
vs History
80
vs Industry
43
Median 3Y
17.6
Median 5Y
17.5
Industry
18.9
vs History
84
vs Industry
42
Median 3Y
16.6
Median 5Y
16.4
Industry
18.3
vs History
84
vs Industry
38
Median 3Y
16.6
Median 5Y
16.4
Industry
20
vs History
88
vs Industry
60
Median 3Y
0.6
Median 5Y
0.6
Industry
0.7

Multiples Across Competitors

Competitors Multiples
Spring Real Estate Investment Trust Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
HK
Spring Real Estate Investment Trust
HKEX:1426
2.5B HKD 3.5 -51.1 16.6 16.6
US
Alexandria Real Estate Equities Inc
NYSE:ARE
13.1B USD 4 42.2 11.5 26
US
Boston Properties Inc
NYSE:BXP
10.4B USD 3.1 729.8 13.5 25.2
JP
Nippon Building Fund Inc
TSE:8951
1.1T JPY 11.2 24.5 25.4 33.7
US
Vornado Realty Trust
NYSE:VNO
6.8B USD 3.8 824.5 19.9 57
FR
Covivio SA
PAR:COV
5.7B EUR 4.3 83 15.8 18.1
US
COPT Defense Properties
NYSE:CDP
5.9B USD 7.8 42.5 38.6 38.6
JP
Japan Real Estate Investment Corp
TSE:8952
806.1B JPY 9.6 21.5 22 28.7
AU
Dexus
ASX:DXS
7.8B AUD 9.1 -8 32.7 32.7
US
Cousins Properties Inc
NYSE:CUZ
4.6B USD 5.4 101.1 14.4 45
JP
Kenedix Office Investment Corp
TSE:8972
610.3B JPY 7.8 12.4 21.2 26.4