Argosy Property Ltd
NZX:ARG

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Argosy Property Ltd
NZX:ARG
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Price: 1.035 NZD 1.97% Market Closed
Market Cap: 876.8m NZD
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Relative Value

The Relative Value of one ARG stock under the Base Case scenario is 1.9 NZD. Compared to the current market price of 1.035 NZD, Argosy Property Ltd is Undervalued by 46%.

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.

ARG Relative Value
Base Case
1.9 NZD
Undervaluation 46%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

5.7
P/S
P/S
Price to Sales
5.7
vs History
96
vs Industry
33
Median 3Y
6.6
Median 5Y
7.4
Industry
3.6
Forward
7.4
More Details
Negative
P/E
P/E
Price to Earnings
N/A
vs History
vs Industry
Median 3Y
-8.5
Median 5Y
4.8
Industry
16.7
Forward
15.8
More Details
15.5
P/OCF
P/OCF
Price to OCF
15.5
vs History
23
vs Industry
25
Median 3Y
14.4
Median 5Y
14.4
Industry
10.9
More Details
43.1
P/FCFE
P/FCFE
Price to FCFE
43.1
vs History
4
vs Industry
30
Median 3Y
10.6
Median 5Y
7.3
Industry
13.3
More Details
0.7
P/B
P/B
Price to Book Value
0.7
vs History
80
vs Industry
52
Median 3Y
0.7
Median 5Y
0.8
Industry
0.8
More Details
10.8
EV/S
EV/S
Enterprise Value to Sales
10.8
vs History
98
vs Industry
29
Median 3Y
12.1
Median 5Y
13.2
Industry
6.6
Forward
14.1
More Details
14.4
EV/GP
EV/GP
Enterprise Value to Gross Profit
14.4
vs History
96
vs Industry
36
Median 3Y
15.5
Median 5Y
16.5
Industry
11.9
More Details
16
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
16
vs History
96
vs Industry
38
Median 3Y
17.1
Median 5Y
18.5
Industry
15.8
Forward
15.6
More Details
16
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
16
vs History
96
vs Industry
43
Median 3Y
17.1
Median 5Y
18.5
Industry
19
Forward
15.6
More Details
29.7
EV/OCF
EV/OCF
Enterprise Value to OCF
29.7
vs History
17
vs Industry
20
Median 3Y
26
Median 5Y
25.8
Industry
18.5
More Details
29.7
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
29.7
vs History
17
vs Industry
23
Median 3Y
26
Median 5Y
25.8
Industry
20.1
More Details
0.8
EV/IC
EV/IC
Enterprise Value to IC
0.8
vs History
73
vs Industry
40
Median 3Y
0.8
Median 5Y
0.8
Industry
0.7
More Details

Multiples Across Competitors

ARG Competitors Multiples
Argosy Property 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
Argosy Property Ltd
NZX:ARG
876.8m NZD 5.7 -350.4 16 16
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
NZ
Argosy Property Ltd
NZX:ARG
Average P/S: 10
5.7
-16%
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
NZ
Argosy Property Ltd
NZX:ARG
Average P/E: 30
Negative Multiple: -350.4 		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
21.4
-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
NZ
Argosy Property Ltd
NZX:ARG
Average EV/EBITDA: 23.1
16
12%
1.3
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
NZ
Argosy Property Ltd
NZX:ARG
Average EV/EBIT: 28.7
16
10%
1.6
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
ARG intrinsic value, competitors valuation, and company profile.
DCF Valuation
ARG stock valuation using Discount Cash Flow valuation method.
Relative Valuation
ARG stock valuation using valuation multiples.
Wall Street Estimates
ARG 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
ARG 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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