Sunlight Real Estate Investment Trust
HKEX:435

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Sunlight Real Estate Investment Trust
HKEX:435
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Price: 2.39 HKD -0.42% Market Closed
Market Cap: 4.2B HKD

Relative Value

The Relative Value of one Sunlight Real Estate Investment Trust stock under the Base Case scenario is 3.33 HKD. Compared to the current market price of 2.39 HKD, Sunlight Real Estate Investment Trust is Undervalued by 28%.

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
3.33 HKD
Undervaluation 28%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
55
vs Industry
42
Median 3Y
4.6
Median 5Y
6
Industry
3.9
vs History
vs Industry
42
Median 3Y
-8.1
Median 5Y
-7.5
Industry
16.4
vs History
53
vs Industry
49
Median 3Y
7
Median 5Y
9.3
Industry
11.3
vs History
14
vs Industry
21
Median 3Y
13.4
Median 5Y
12.2
Industry
12.9
vs History
52
vs Industry
79
Median 3Y
0.3
Median 5Y
0.3
Industry
0.9
vs History
77
vs Industry
40
Median 3Y
8.2
Median 5Y
9.3
Industry
6.9
vs History
77
vs Industry
52
Median 3Y
10.6
Median 5Y
11.7
Industry
12.5
vs History
77
vs Industry
50
Median 3Y
12.2
Median 5Y
14
Industry
15.9
vs History
77
vs Industry
52
Median 3Y
12.2
Median 5Y
14
Industry
19.3
vs History
77
vs Industry
48
Median 3Y
13
Median 5Y
14
Industry
18.7
vs History
77
vs Industry
43
Median 3Y
13
Median 5Y
14
Industry
21
vs History
87
vs Industry
73
Median 3Y
0.4
Median 5Y
0.4
Industry
0.8

Multiples Across Competitors

Competitors Multiples
Sunlight 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
HK
Sunlight Real Estate Investment Trust
HKEX:435
4.2B HKD 5.2 -8.2 10.3 10.3
ZA
Growthpoint Properties Ltd
JSE:GRT
61.1B Zac 0 0 0 0
ZA
Redefine Properties Ltd
JSE:RDF
40.9B Zac 0 0 0 0
US
WP Carey Inc
NYSE:WPC
14.7B USD 8.8 40.2 16.8 26.8
ZA
Attacq Ltd
JSE:ATT
11.7B Zac 0 0 0 0
ZA
Fairvest Ltd
JSE:FTA
10.9B Zac 0 0 0 0
JP
KDX Realty Investment Corp
OTC:KDXRF
9.5B USD 19 44.2 38.8 48.8
AU
Stockland Corporation Ltd
ASX:SGP
13.3B AUD 4.3 16.1 22.3 22.3
ZA
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
8.8B Zac 0 0 0 0
ES
MERLIN Properties SOCIMI SA
MAD:MRL
7B EUR 13.4 10.9 16 16.1
AU
Charter Hall Group
ASX:CHC
11.4B AUD 16.6 50.6 25.4 25.4
P/E Multiple
Earnings Growth PEG
HK
Sunlight Real Estate Investment Trust
HKEX:435
Average P/E: 32.4
Negative Multiple: -8.2
N/A N/A
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
3%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
3%
N/A
US
WP Carey Inc
NYSE:WPC
40.2
43%
0.9
ZA
A
Attacq Ltd
JSE:ATT
Not Available
-10%
N/A
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
44.2
N/A N/A
AU
Stockland Corporation Ltd
ASX:SGP
16.1
7%
2.3
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available
11%
N/A
ES
MERLIN Properties SOCIMI SA
MAD:MRL
10.9
N/A N/A
AU
Charter Hall Group
ASX:CHC
50.6
35%
1.4
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
HK
Sunlight Real Estate Investment Trust
HKEX:435
Average EV/EBITDA: 21.6
10.3
N/A N/A
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-1%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
1%
N/A
US
WP Carey Inc
NYSE:WPC
16.8
9%
1.9
ZA
A
Attacq Ltd
JSE:ATT
Not Available N/A N/A
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
38.8
N/A N/A
AU
Stockland Corporation Ltd
ASX:SGP
22.3
19%
1.2
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available
0%
N/A
ES
MERLIN Properties SOCIMI SA
MAD:MRL
16
388%
0
AU
Charter Hall Group
ASX:CHC
25.4
21%
1.2