IGBREIT Relative Valuation - IGB Real Estate Investment Trust - Alpha Spread
I

IGB Real Estate Investment Trust
KLSE:IGBREIT

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IGB Real Estate Investment Trust
KLSE:IGBREIT
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Price: 2.13 MYR Market Closed
Market Cap: 7.7B MYR
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Relative Value

The Relative Value of one IGBREIT stock under the Base Case scenario is 1.42 MYR. Compared to the current market price of 2.13 MYR, IGB Real Estate Investment Trust is Overvalued by 33%.

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.

IGBREIT Relative Value
Base Case
1.42 MYR
Overvaluation 33%
Relative Value
Price
I
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
15
vs Industry
18
Median 3Y
10.8
Median 5Y
11.3
Industry
2.2
Forward
12.1
vs History
71
vs Industry
25
Median 3Y
15.1
Median 5Y
18
Industry
17.1
Forward
19.8
vs History
36
vs Industry
11
Median 3Y
14.8
Median 5Y
15.7
Industry
10.7
vs History
38
vs Industry
15
Median 3Y
16.9
Median 5Y
17.9
Industry
14.6
vs History
0
vs Industry
28
Median 3Y
1.5
Median 5Y
1.5
Industry
1.6
vs History
22
vs Industry
20
Median 3Y
12.2
Median 5Y
12.4
Industry
3.2
Forward
13.5
vs History
30
vs Industry
19
Median 3Y
18.1
Median 5Y
18.6
Industry
6.9
vs History
30
vs Industry
10
Median 3Y
18.1
Median 5Y
18.5
Industry
11.4
Forward
20
vs History
30
vs Industry
11
Median 3Y
18.1
Median 5Y
18.7
Industry
13.5
Forward
19.7
vs History
30
vs Industry
12
Median 3Y
16.6
Median 5Y
17.4
Industry
11.8
vs History
30
vs Industry
11
Median 3Y
16.6
Median 5Y
17.5
Industry
12.8
vs History
0
vs Industry
32
Median 3Y
1.4
Median 5Y
1.4
Industry
1.5

Multiples Across Competitors

IGBREIT Competitors Multiples
IGB 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
MY
IGB Real Estate Investment Trust
KLSE:IGBREIT
7.7B MYR 12.4 14.7 20.6 20.6
US
Texas Gulf Energy Inc
OTC:TXGE
3.1T USD 245 076.4 -1 674 377.7 -608 697.6 -579 572
UK
Shaftesbury Capital PLC
JSE:SHC
2.8T Zac 0 0 0 0
CA
Advance Lithium Corp
XTSX:AALI
551.2B CAD 0 -152 768.1 -849 595.1 -849 595.1
US
Gould Investors LP
OTC:GDVTZ
245.5B USD 0 0 0 0
ZA
Oasis Crescent Property Fund
JSE:OAS
130.9B Zac 0 0 0 0
IN
SAB Industries Ltd
BSE:539112
2.9B INR 5.3 -8.9 81.3 86.1
US
MCX Technologies Corp
XTSX:MCX
118.2B CAD 0 -741 883.3 -550 745.7 -550 745.7
NL
Nepi Rockcastle NV
JSE:NRP
85.8B Zac 0 0 0 0
US
GE Vernova LLC
NYSE:GEV
73B USD 0 0 0 0
IN
GTV Engineering Ltd
BSE:539479
1.7B INR 1.4 30.9 27.5 32.9
P/E Multiple
Earnings Growth
MY
I
IGB Real Estate Investment Trust
KLSE:IGBREIT
Average P/E: 22.8
14.7
-18%
US
T
Texas Gulf Energy Inc
OTC:TXGE
Negative Multiple: -1 674 377.7 N/A
UK
S
Shaftesbury Capital PLC
JSE:SHC
Not Available
-87%
CA
A
Advance Lithium Corp
XTSX:AALI
Negative Multiple: -152 768.1 N/A
US
G
Gould Investors LP
OTC:GDVTZ
Not Available N/A
ZA
O
Oasis Crescent Property Fund
JSE:OAS
Not Available N/A
IN
S
SAB Industries Ltd
BSE:539112
Negative Multiple: -8.9 N/A
US
MCX Technologies Corp
XTSX:MCX
Negative Multiple: -741 883.3 N/A
NL
N
Nepi Rockcastle NV
JSE:NRP
Not Available
-11%
US
G
GE Vernova LLC
NYSE:GEV
Not Available N/A
IN
G
GTV Engineering Ltd
BSE:539479
30.9
N/A
EV/EBITDA Multiple
EBITDA Growth
MY
I
IGB Real Estate Investment Trust
KLSE:IGBREIT
Average EV/EBITDA: 43.1
20.6
16%
US
T
Texas Gulf Energy Inc
OTC:TXGE
Negative Multiple: -608 697.6 N/A
UK
S
Shaftesbury Capital PLC
JSE:SHC
Not Available
53%
CA
A
Advance Lithium Corp
XTSX:AALI
Negative Multiple: -849 595.1 N/A
US
G
Gould Investors LP
OTC:GDVTZ
Not Available N/A
ZA
O
Oasis Crescent Property Fund
JSE:OAS
Not Available N/A
IN
S
SAB Industries Ltd
BSE:539112
81.3
N/A
US
MCX Technologies Corp
XTSX:MCX
Negative Multiple: -550 745.7 N/A
NL
N
Nepi Rockcastle NV
JSE:NRP
Not Available
25%
US
G
GE Vernova LLC
NYSE:GEV
Not Available
815%
IN
G
GTV Engineering Ltd
BSE:539479
27.5
N/A
EV/EBIT Multiple
EBIT Growth
MY
I
IGB Real Estate Investment Trust
KLSE:IGBREIT
Average EV/EBIT: 46.5
20.6
16%
US
T
Texas Gulf Energy Inc
OTC:TXGE
Negative Multiple: -579 572 N/A
UK
S
Shaftesbury Capital PLC
JSE:SHC
Not Available
45%
CA
A
Advance Lithium Corp
XTSX:AALI
Negative Multiple: -849 595.1 N/A
US
G
Gould Investors LP
OTC:GDVTZ
Not Available N/A
ZA
O
Oasis Crescent Property Fund
JSE:OAS
Not Available N/A
IN
S
SAB Industries Ltd
BSE:539112
86.1
N/A
US
MCX Technologies Corp
XTSX:MCX
Negative Multiple: -550 745.7 N/A
NL
N
Nepi Rockcastle NV
JSE:NRP
Not Available
40%
US
G
GE Vernova LLC
NYSE:GEV
Not Available N/A
IN
G
GTV Engineering Ltd
BSE:539479
32.9
N/A

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