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: 103.6m NZD
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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 0.37 NZD. Compared to the current market price of 0.64 NZD, Asset Plus Ltd is Overvalued 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.

APL Relative Value
Base Case
0.37 NZD
Overvaluation 42%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

17.4
P/S
P/S
Price to Sales
17.4
vs History
19
vs Industry
6
Median 3Y
16.3
Median 5Y
8.7
Industry
3.6
Forward
25
More Details
59.4
P/E
P/E
Price to Earnings
59.4
vs History
9
vs Industry
Median 3Y
15
Median 5Y
6.5
Industry
16.7
Forward
108.8
More Details
239.3
P/OCF
P/OCF
Price to OCF
239.3
vs History
0
vs Industry
1
Median 3Y
37.7
Median 5Y
37.3
Industry
10.9
More Details
Negative
P/FCFE
P/FCFE
Price to FCFE
N/A
vs History
vs Industry
41
Median 3Y
3.8
Median 5Y
2.1
Industry
13.3
More Details
0.7
P/B
P/B
Price to Book Value
0.7
vs History
46
vs Industry
52
Median 3Y
0.7
Median 5Y
0.7
Industry
0.8
More Details
16.3
EV/S
EV/S
Enterprise Value to Sales
16.3
vs History
28
vs Industry
11
Median 3Y
16.3
Median 5Y
13
Industry
6.6
Forward
23.4
More Details
23.1
EV/GP
EV/GP
Enterprise Value to Gross Profit
23.1
vs History
28
vs Industry
14
Median 3Y
23.1
Median 5Y
18.5
Industry
11.9
More Details
38.6
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
38.6
vs History
28
vs Industry
7
Median 3Y
38.6
Median 5Y
25.8
Industry
15.8
Forward
41.6
More Details
38.6
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
38.6
vs History
28
vs Industry
9
Median 3Y
38.6
Median 5Y
25.8
Industry
19
Forward
41.6
More Details
224
EV/OCF
EV/OCF
Enterprise Value to OCF
224
vs History
0
vs Industry
2
Median 3Y
59.3
Median 5Y
46.3
Industry
18.5
More Details
224
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
224
vs History
0
vs Industry
3
Median 3Y
59.3
Median 5Y
46.3
Industry
20.1
More Details
0.5
EV/IC
EV/IC
Enterprise Value to IC
0.5
vs History
84
vs Industry
62
Median 3Y
0.7
Median 5Y
0.7
Industry
0.7
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
103.6m NZD 17.4 59.4 38.6 38.6
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/S Multiple
Revenue Growth P/S to Growth
NZ
Asset Plus Ltd
NZX:APL
Average P/S: 11.9
17.4
-10%
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%
202.3
ZA
A
Attacq Ltd
JSE:ATT
Not Available N/A N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
27
72%
0.4
AU
Stockland Corporation Ltd
ASX:SGP
3.9
56%
0.1
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available
-22%
N/A
FR
Gecina SA
PAR:GFC
7.7
16%
0.5
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
US
S
STORE Capital Corp
LSE:0LA6
7.7
26%
0.3
P/E Multiple
Earnings Growth P/E to Growth
NZ
Asset Plus Ltd
NZX:APL
Average P/E: 35.8
59.4
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
21.2
-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
NZ
Asset Plus Ltd
NZX:APL
Average EV/EBITDA: 26.8
38.6
-25%
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
NZ
Asset Plus Ltd
NZX:APL
Average EV/EBIT: 32.4
38.6
-25%
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
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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