Champion Real Estate Investment Trust
HKEX:2778

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Champion Real Estate Investment Trust
HKEX:2778
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Price: 2.37 HKD 1.72% Market Closed
Market Cap: HK$14.6B

EV/FCFF

35.8
Current
59%
More Expensive
vs 3-y average of 22.5

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
35.8
=
Enterprise Value
HK$25.5B
/
Free Cash Flow to Firm
HK$711.6m

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
35.8
=
Enterprise Value
HK$25.5B
/
Free Cash Flow to Firm
HK$711.6m

Valuation Scenarios

Champion Real Estate Investment Trust is trading above its 3-year average

If EV/FCFF returns to its 3-Year Average (22.5), the stock would be worth HK$1.49 (37% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-74%
Maximum Upside
No Upside Scenarios
Average Downside
54%
Scenario EV/FCFF Value Implied Price Upside/Downside
Current Multiple 35.8 HK$2.37
0%
3-Year Average 22.5 HK$1.49
-37%
5-Year Average 22.6 HK$1.49
-37%
Industry Average 11.4 HK$0.75
-68%
Country Average 9.3 HK$0.61
-74%

Forward EV/FCFF
Today’s price vs future free cash flow to firm

Not enough data available to calculate forward EV/FCFF

Peer Comparison

All Multiples
EV/FCFF
P/E
All Countries
Close
P/E Multiple
Earnings Growth PEG
HK
Champion Real Estate Investment Trust
HKEX:2778
Average P/E: 32.4
Negative Multiple: -4.5
N/A N/A
US
Boston Properties Inc
NYSE:BXP
33
9%
3.7
FR
Covivio SA
PAR:COV
8.4
-7%
N/A
US
COPT Defense Properties
NYSE:CDP
45.5
3%
15.2
JP
Nippon Building Fund Inc
TSE:8951
26.5
4%
6.6
US
Alexandria Real Estate Equities Inc
NYSE:ARE
Negative Multiple: -4.9 N/A N/A
US
Vornado Realty Trust
NYSE:VNO
6.6
-56%
N/A
JP
Japan Real Estate Investment Corp
TSE:8952
23
2%
11.5
AU
Dexus
ASX:DXS
12.9
64%
0.2
SG
Keppel REIT
SGX:K71U
Not Available
-21%
N/A
US
Cousins Properties Inc
NYSE:CUZ
103.3
20%
5.2

Market Distribution

Higher than 84% of companies in Hong Kong
Percentile
84th
Based on 1 194 companies
84th percentile
35.8
Low
0 — 4.7
Typical Range
4.7 — 16.9
High
16.9 —
Distribution Statistics
Hong Kong
Min 0
30th Percentile 4.7
Median 9.3
70th Percentile 16.9
Max 20 343.5

Champion Real Estate Investment Trust
Glance View

Market Cap
14.6B HKD
Industry
Real Estate

Champion Real Estate Investment Trust (REIT) is a significant player in the world of real estate investment, strategically operating in the bustling landscapes of Hong Kong’s commercial property market. The company’s lifeblood is a well-curated portfolio that includes some of the most recognized commercial properties in Hong Kong. Among its crown jewels are Three Garden Road, a notable office property in Central, Hong Kong, and Langham Place, a well-known commercial complex. Champion REIT generates revenue primarily through leasing office and retail space to a diversified range of tenants, ensuring the steady inflow of rental income. This income offers not only a stable cash flow to investors but also a return on investment that tends to appreciate over time as property values increase in this densely populated metropolis. Champion REIT's operational strategy emphasizes enhancing property values and tenant experiences through strategic property management and continuous improvement initiatives. By investing in property upgrades and maintaining high standards of service, the trust ensures high occupancy rates while attracting a robust mix of local and international tenants. This proactive approach helps it remain competitive in an ever-evolving market. Additionally, the trust can capitalize on the economic ebbs and flows of Hong Kong's property market and broader economic conditions, leveraging its properties' prime locations to command premium rent levels. Therefore, Champion REIT functions as a conduit for investors to tap into the lucrative real estate market in Hong Kong, offering a blend of income stability and potential for long-term capital growth.

Intrinsic Value
2.36 HKD
Fairly Valued
Intrinsic Value
Price HK$2.37
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