Land Securities Group PLC
LSE:LAND

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Land Securities Group PLC
LSE:LAND
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Price: 581.5 GBX 1.13%
Market Cap: 4.3B GBX
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Relative Value

The Relative Value of one LAND stock under the Base Case scenario is 1 010.75 GBX. Compared to the current market price of 581.5 GBX, Land Securities Group PLC is Undervalued by 42%.

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.

LAND Relative Value
Base Case
1 010.75 GBX
Undervaluation 42%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

5.2
P/S
P/S
Price to Sales
5.2
vs History
85
vs Industry
33
Median 3Y
5.9
Median 5Y
6
Industry
3.6
Forward
6.4
More Details
Negative
P/E
P/E
Price to Earnings
N/A
vs History
vs Industry
Median 3Y
-7.7
Median 5Y
-7
Industry
16.7
Forward
11.5
More Details
12.8
P/OCF
P/OCF
Price to OCF
12.8
vs History
66
vs Industry
26
Median 3Y
13.8
Median 5Y
13.8
Industry
10.9
More Details
8.3
P/FCFE
P/FCFE
Price to FCFE
8.3
vs History
41
vs Industry
32
Median 3Y
6
Median 5Y
5.4
Industry
13.3
More Details
0.7
P/B
P/B
Price to Book Value
0.7
vs History
31
vs Industry
51
Median 3Y
0.7
Median 5Y
0.7
Industry
0.8
More Details
8.5
EV/S
EV/S
Enterprise Value to Sales
8.5
vs History
98
vs Industry
36
Median 3Y
10.4
Median 5Y
10.9
Industry
6.6
Forward
10.5
More Details
15.4
EV/GP
EV/GP
Enterprise Value to Gross Profit
15.4
vs History
98
vs Industry
29
Median 3Y
18.2
Median 5Y
18.7
Industry
11.9
More Details
15.3
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
15.3
vs History
98
vs Industry
37
Median 3Y
17.9
Median 5Y
18.5
Industry
15.8
Forward
14.7
More Details
15.4
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
15.4
vs History
98
vs Industry
42
Median 3Y
18.2
Median 5Y
18.7
Industry
19
Forward
14.2
More Details
20.8
EV/OCF
EV/OCF
Enterprise Value to OCF
20.8
vs History
82
vs Industry
28
Median 3Y
23.4
Median 5Y
23.7
Industry
18.5
More Details
20.8
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
20.8
vs History
82
vs Industry
28
Median 3Y
23.4
Median 5Y
23.7
Industry
20.1
More Details
0.7
EV/IC
EV/IC
Enterprise Value to IC
0.7
vs History
77
vs Industry
47
Median 3Y
0.8
Median 5Y
0.7
Industry
0.7
More Details

Multiples Across Competitors

LAND Competitors Multiples
Land Securities Group PLC 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
UK
Land Securities Group PLC
LSE:LAND
4.3B GBP 5.2 -13.5 15.3 15.4
ZA
Growthpoint Properties Ltd
JSE:GRT
44.1B Zac 0 0 0 0
ZA
Redefine Properties Ltd
JSE:RDF
29.9B Zac 0 0 0 0
US
WP Carey Inc
NYSE:WPC
11.9B USD 7.5 21.4 14.8 24.9
ZA
Attacq Ltd
JSE:ATT
9.7B Zac 0 0 0 0
JP
KDX Realty Investment Corp
OTC:KDXRF
9.6B USD 27.2 38.6 54.6 69
AU
Stockland Corporation Ltd
ASX:SGP
11.9B AUD 4 38.9 21.7 21.7
ZA
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
7B Zac 0 0 0 0
US
STORE Capital Corp
LSE:0LA6
6.8B USD 7.7 21.4 14.6 23.3
FR
Gecina SA
PAR:GFC
6.6B EUR 7.7 -7.2 16.6 17.3
ZA
Fairvest Ltd
JSE:FTA
6.6B Zac 0 0 0 0
P/S Multiple
Revenue Growth P/S to Growth
UK
Land Securities Group PLC
LSE:LAND
Average P/S: 9.9
5.2
-15%
N/A
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-36%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
-45%
N/A
US
WP Carey Inc
NYSE:WPC
7.5
0%
203.7
ZA
A
Attacq Ltd
JSE:ATT
Not Available N/A N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
27.2
72%
0.4
AU
Stockland Corporation Ltd
ASX:SGP
4
56%
0.1
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available
-22%
N/A
US
S
STORE Capital Corp
LSE:0LA6
7.7
26%
0.3
FR
Gecina SA
PAR:GFC
7.7
16%
0.5
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
P/E Multiple
Earnings Growth P/E to Growth
UK
Land Securities Group PLC
LSE:LAND
Average P/E: 30
Negative Multiple: -13.5 		N/A N/A
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
21.4
-19%
N/A
ZA
A
Attacq Ltd
JSE:ATT
Not Available N/A N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
38.6
128%
0.3
AU
Stockland Corporation Ltd
ASX:SGP
38.9
221%
0.2
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available
-37%
N/A
US
S
STORE Capital Corp
LSE:0LA6
21.4
31%
0.7
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
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
UK
Land Securities Group PLC
LSE:LAND
Average EV/EBITDA: 22.9
15.3
14%
1.1
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
54.6
122%
0.4
AU
Stockland Corporation Ltd
ASX:SGP
21.7
67%
0.3
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available
17%
N/A
US
S
STORE Capital Corp
LSE:0LA6
14.6
52%
0.3
FR
Gecina SA
PAR:GFC
16.6
14%
1.2
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
UK
Land Securities Group PLC
LSE:LAND
Average EV/EBIT: 28.6
15.4
19%
0.8
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
24.9
14%
1.8
ZA
A
Attacq Ltd
JSE:ATT
Not Available
12%
N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
69
N/A N/A
AU
Stockland Corporation Ltd
ASX:SGP
21.7
60%
0.4
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available N/A N/A
US
S
STORE Capital Corp
LSE:0LA6
23.3
54%
0.4
FR
Gecina SA
PAR:GFC
17.3
24%
0.7
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A

See Also

Summary
LAND intrinsic value, competitors valuation, and company profile.
DCF Valuation
LAND stock valuation using Discount Cash Flow valuation method.
Relative Valuation
LAND stock valuation using valuation multiples.
Wall Street Estimates
LAND 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
LAND 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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