Asset Plus Ltd
NZX:APL

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Asset Plus Ltd
NZX:APL
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Price: 0.64 NZD 1.59% Market Closed
Market Cap: 67.5m NZD
Section:
 

Relative Value

APL price has not been updated for more than 3 years. This may indicate that the stock has been delisted.

The Relative Value of one APL stock under the Base Case scenario is 0.58 NZD. Compared to the current market price of 0.64 NZD, Asset Plus Ltd is Overvalued by 9%.

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.

APL Relative Value
Base Case
0.58 NZD
Overvaluation 9%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

9.9
P/S
P/S
Price to Sales
9.9
vs History
38
vs Industry
6
Median 3Y
10.6
Median 5Y
9.9
Industry
3.9
Forward
13.7
More Details
Negative
P/E
P/E
Price to Earnings
N/A
vs History
vs Industry
9
Median 3Y
-5.2
Median 5Y
-3.7
Industry
16.4
Forward
70.4
More Details
Negative
P/OCF
P/OCF
Price to OCF
N/A
vs History
vs Industry
1
Median 3Y
24.3
Median 5Y
24.1
Industry
11.3
More Details
Negative
P/FCFE
P/FCFE
Price to FCFE
N/A
vs History
vs Industry
41
Median 3Y
-1.9
Median 5Y
-1.9
Industry
12.9
More Details
0.6
P/B
P/B
Price to Book Value
0.6
vs History
0
vs Industry
52
Median 3Y
0.5
Median 5Y
0.5
Industry
0.9
More Details
8.3
EV/S
EV/S
Enterprise Value to Sales
8.3
vs History
47
vs Industry
12
Median 3Y
10.2
Median 5Y
8.3
Industry
6.9
Forward
11.5
More Details
11.5
EV/GP
EV/GP
Enterprise Value to Gross Profit
11.5
vs History
47
vs Industry
15
Median 3Y
14.5
Median 5Y
11.5
Industry
12.5
More Details
17.6
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
17.6
vs History
47
vs Industry
10
Median 3Y
24.2
Median 5Y
17.6
Industry
15.9
Forward
16.5
More Details
17.6
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
17.6
vs History
47
vs Industry
13
Median 3Y
24.2
Median 5Y
17.6
Industry
19.3
Forward
16.5
More Details
Negative
EV/OCF
EV/OCF
Enterprise Value to OCF
N/A
vs History
vs Industry
2
Median 3Y
22.3
Median 5Y
22.3
Industry
18.7
More Details
Negative
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
N/A
vs History
vs Industry
2
Median 3Y
22.3
Median 5Y
22.3
Industry
21
More Details
0.5
EV/IC
EV/IC
Enterprise Value to IC
0.5
vs History
25
vs Industry
62
Median 3Y
0.5
Median 5Y
0.5
Industry
0.8
More Details

Multiples Across Competitors

APL Competitors Multiples
Asset Plus Ltd 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
NZ
Asset Plus Ltd
NZX:APL
67.5m NZD 9.9 -11.8 17.6 17.6
ZA
Growthpoint Properties Ltd
JSE:GRT
60.4B Zac 0 0 0 0
ZA
Redefine Properties Ltd
JSE:RDF
40.2B Zac 0 0 0 0
US
WP Carey Inc
NYSE:WPC
14.6B USD 8.7 40.1 16.8 26.7
ZA
Attacq Ltd
JSE:ATT
11.4B 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 48.9
AU
Stockland Corporation Ltd
ASX:SGP
13.2B AUD 4.2 16 22.2 22.2
ZA
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
8.7B Zac 0 0 0 0
ES
MERLIN Properties SOCIMI SA
MAD:MRL
7B EUR 13.7 11.1 16 16.2
AU
Charter Hall Group
ASX:CHC
11.5B AUD 16.7 50.8 25.5 25.5
P/S Multiple
Revenue Growth P/S to Growth
NZ
Asset Plus Ltd
NZX:APL
Average P/S: 12
9.9
-5%
N/A
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-11%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
-4%
N/A
US
WP Carey Inc
NYSE:WPC
8.7
6%
1.5
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
19
N/A N/A
AU
Stockland Corporation Ltd
ASX:SGP
4.2
10%
0.4
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available
-15%
N/A
ES
MERLIN Properties SOCIMI SA
MAD:MRL
13.7
N/A N/A
AU
Charter Hall Group
ASX:CHC
16.7
14%
1.2
P/E Multiple
Earnings Growth PEG
NZ
Asset Plus Ltd
NZX:APL
Average P/E: 32.4
Negative Multiple: -11.8 		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
40.1
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
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
11.1
N/A N/A
AU
Charter Hall Group
ASX:CHC
50.8
35%
1.5
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
NZ
Asset Plus Ltd
NZX:APL
Average EV/EBITDA: 22.8
17.6
-18%
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
22.2
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
25.5
21%
1.2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
NZ
Asset Plus Ltd
NZX:APL
Average EV/EBIT: 26.2
17.6
-18%
N/A
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-2%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
5%
N/A
US
WP Carey Inc
NYSE:WPC
26.7
12%
2.2
ZA
A
Attacq Ltd
JSE:ATT
Not Available
4%
N/A
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
48.9
N/A N/A
AU
Stockland Corporation Ltd
ASX:SGP
22.2
18%
1.2
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available N/A N/A
ES
MERLIN Properties SOCIMI SA
MAD:MRL
16.2
N/A N/A
AU
Charter Hall Group
ASX:CHC
25.5
20%
1.3

See Also

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