I

IGB Commercial Real Estate Investment Trust
KLSE:IGBCR

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IGB Commercial Real Estate Investment Trust
KLSE:IGBCR
Watchlist
Price: 0.545 MYR Market Closed
Market Cap: 1.3B MYR
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Relative Value

The Relative Value of one IGBCR stock under the Base Case scenario is 0.744 MYR. Compared to the current market price of 0.545 MYR, IGB Commercial Real Estate Investment Trust is Undervalued by 27%.

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.

IGBCR Relative Value
Base Case
0.744 MYR
Undervaluation 27%
Relative Value
Price
I
Worst Case
Base Case
Best Case

Valuation Multiples

5.7
P/S
P/S
Price to Sales
5.7
vs History
47
vs Industry
37
Median 3Y
5.6
Median 5Y
5.6
Industry
3.6
Forward
6.2
More Details
19.5
P/E
P/E
Price to Earnings
19.5
vs History
30
vs Industry
30
Median 3Y
18.2
Median 5Y
18.2
Industry
16.7
Forward
15.5
More Details
9.7
P/OCF
P/OCF
Price to OCF
9.7
vs History
32
vs Industry
43
Median 3Y
9.3
Median 5Y
9.1
Industry
10.9
More Details
15.3
P/FCFE
P/FCFE
Price to FCFE
15.3
vs History
9
vs Industry
24
Median 3Y
14.2
Median 5Y
14
Industry
13.3
More Details
0.6
P/B
P/B
Price to Book Value
0.6
vs History
32
vs Industry
67
Median 3Y
0.5
Median 5Y
0.5
Industry
0.8
More Details
9
EV/S
EV/S
Enterprise Value to Sales
9
vs History
50
vs Industry
38
Median 3Y
9
Median 5Y
8.9
Industry
6.6
Forward
9.8
More Details
15.2
EV/GP
EV/GP
Enterprise Value to Gross Profit
15.2
vs History
50
vs Industry
35
Median 3Y
15.1
Median 5Y
15
Industry
11.9
More Details
17.5
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
17.5
vs History
50
vs Industry
36
Median 3Y
17.5
Median 5Y
17.3
Industry
15.8
More Details
17.5
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
17.5
vs History
50
vs Industry
41
Median 3Y
17.5
Median 5Y
17.3
Industry
19
More Details
15.3
EV/OCF
EV/OCF
Enterprise Value to OCF
15.3
vs History
40
vs Industry
44
Median 3Y
14.9
Median 5Y
14.8
Industry
18.5
More Details
15.3
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
15.3
vs History
40
vs Industry
39
Median 3Y
14.9
Median 5Y
14.8
Industry
20.1
More Details
0.6
EV/IC
EV/IC
Enterprise Value to IC
0.6
vs History
35
vs Industry
57
Median 3Y
0.6
Median 5Y
0.6
Industry
0.7
More Details

Multiples Across Competitors

IGBCR Competitors Multiples
IGB Commercial Real Estate Investment Trust Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
MY
IGB Commercial Real Estate Investment Trust
KLSE:IGBCR
1.3B MYR 5.7 19.5 17.5 17.5
ZA
Growthpoint Properties Ltd
JSE:GRT
44B Zac 0 0 0 0
ZA
Redefine Properties Ltd
JSE:RDF
29.4B Zac 0 0 0 0
US
WP Carey Inc
NYSE:WPC
11.8B USD 7.5 21.2 14.8 24.8
ZA
Attacq Ltd
JSE:ATT
10.1B Zac 0 0 0 0
JP
KDX Realty Investment Corp
OTC:KDXRF
9.6B USD 27 38.4 54.4 68.7
AU
Stockland Corporation Ltd
ASX:SGP
11.8B AUD 3.9 38.7 21.6 21.6
ZA
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
7.1B Zac 0 0 0 0
FR
Gecina SA
PAR:GFC
6.6B EUR 7.7 -7.2 16.6 17.3
ZA
Fairvest Ltd
JSE:FTA
6.9B Zac 0 0 0 0
US
STORE Capital Corp
LSE:0LA6
6.8B USD 7.7 21.4 14.6 23.3
P/E Multiple
Earnings Growth P/E to Growth
MY
I
IGB Commercial Real Estate Investment Trust
KLSE:IGBCR
Average P/E: 27.8
19.5
40%
0.5
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-96%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
-98%
N/A
US
WP Carey Inc
NYSE:WPC
21.2
-19%
N/A
ZA
A
Attacq Ltd
JSE:ATT
Not Available N/A N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
38.4
128%
0.3
AU
Stockland Corporation Ltd
ASX:SGP
38.7
221%
0.2
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available
-37%
N/A
FR
Gecina SA
PAR:GFC
Negative Multiple: -7.2 N/A N/A
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
US
S
STORE Capital Corp
LSE:0LA6
21.4
31%
0.7
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
MY
I
IGB Commercial Real Estate Investment Trust
KLSE:IGBCR
Average EV/EBITDA: 23.2
17.5
N/A N/A
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-5%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
-6%
N/A
US
WP Carey Inc
NYSE:WPC
14.8
11%
1.3
ZA
A
Attacq Ltd
JSE:ATT
Not Available N/A N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
54.4
122%
0.4
AU
Stockland Corporation Ltd
ASX:SGP
21.6
67%
0.3
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available
17%
N/A
FR
Gecina SA
PAR:GFC
16.6
14%
1.2
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
US
S
STORE Capital Corp
LSE:0LA6
14.6
52%
0.3
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
MY
I
IGB Commercial Real Estate Investment Trust
KLSE:IGBCR
Average EV/EBIT: 28.9
17.5
N/A N/A
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-7%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
19%
N/A
US
WP Carey Inc
NYSE:WPC
24.8
14%
1.7
ZA
A
Attacq Ltd
JSE:ATT
Not Available
12%
N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
68.7
N/A N/A
AU
Stockland Corporation Ltd
ASX:SGP
21.6
60%
0.4
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available N/A N/A
FR
Gecina SA
PAR:GFC
17.3
24%
0.7
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
US
S
STORE Capital Corp
LSE:0LA6
23.3
54%
0.4

See Also

Summary
IGBCR intrinsic value, competitors valuation, and company profile.
DCF Valuation
IGBCR stock valuation using Discount Cash Flow valuation method.
Relative Valuation
IGBCR stock valuation using valuation multiples.
Wall Street Estimates
IGBCR price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
IGBCR stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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