Spring Real Estate Investment Trust
HKEX:1426
Decide at what price you'd be comfortable buying and we'll help you stay ready.
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EV/OCF
Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.
Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.
Valuation Scenarios
If EV/OCF returns to its 3-Year Average (15.4), the stock would be worth HK$1.33 (2% downside from current price).
| Scenario | EV/OCF Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 15.8 | HK$1.36 |
0%
|
| 3-Year Average | 15.4 | HK$1.33 |
-2%
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| 5-Year Average | 16.2 | HK$1.39 |
+3%
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| Industry Average | 11.4 | HK$0.98 |
-28%
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| Country Average | 7.4 | HK$0.64 |
-53%
|
Forward EV/OCF
Today’s price vs future operating cash flow
Peer Comparison
| Market Cap | EV/OCF | P/E | ||||
|---|---|---|---|---|---|---|
| HK |
|
Spring Real Estate Investment Trust
HKEX:1426
|
2B HKD | 15.8 | -9.7 | |
| US |
|
Boston Properties Inc
NYSE:BXP
|
9B USD | 19.7 | 32.6 | |
| US |
|
Alexandria Real Estate Equities Inc
NYSE:ARE
|
7.9B USD | 13.5 | -5.5 | |
| FR |
|
Covivio SA
PAR:COV
|
6.3B EUR | 17.8 | 8.5 | |
| JP |
|
Nippon Building Fund Inc
TSE:8951
|
1.1T JPY | 19.1 | 26.7 | |
| US |
|
COPT Defense Properties
NYSE:CDP
|
7.1B USD | 31 | 46.9 | |
| US |
|
Vornado Realty Trust
NYSE:VNO
|
5.5B USD | 9.4 | 6.6 | |
| JP |
|
Japan Real Estate Investment Corp
TSE:8952
|
853.7B JPY | 18.7 | 23.3 | |
| AU |
|
Dexus
ASX:DXS
|
6.6B AUD | 15 | 12.9 | |
| SG |
|
Keppel REIT
SGX:K71U
|
4.4B | 0 | 0 | |
| JP |
|
Kenedix Office Investment Corp
TSE:8972
|
668.9B JPY | 13.2 | 19.8 |
Market Distribution
| Min | 0 |
| 30th Percentile | 4 |
| Median | 7.4 |
| 70th Percentile | 12.2 |
| Max | 20 343.5 |
Other Multiples
Spring Real Estate Investment Trust
Glance View
Spring Real Estate Investment Trust operates as a real estate investment trust. Its investment objective is to provide unitholders with stable distributions and the potential for sustainable long-term growth in distributions and enhancement in the value of the real estate assets. Its portfolio includes all of the office floors of Office Tower 1 and Office Tower 2 in China Central Place, as well as approximately 600 car parking spaces in the underground levels of the two office buildings. Spring REIT is managed by Spring Asset Management Limited.
