Argosy Property Ltd
NZX:ARG

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Argosy Property Ltd
NZX:ARG
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Price: 1.11 NZD 1.37% Market Closed
Market Cap: 940.4m NZD
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Relative Value

The Relative Value of one ARG stock under the Base Case scenario is 1.94 NZD. Compared to the current market price of 1.11 NZD, Argosy Property Ltd is Undervalued by 43%.

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
1.94 NZD
Undervaluation 43%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

6.1
P/S
P/S
Price to Sales
6.1
vs History
85
vs Industry
33
Median 3Y
6.8
Median 5Y
7.6
Industry
3.7
Forward
7.9
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
16.6
Forward
17
More Details
15.6
P/OCF
P/OCF
Price to OCF
15.6
vs History
15
vs Industry
25
Median 3Y
14.4
Median 5Y
14.4
Industry
11.2
More Details
11.1
P/FCFE
P/FCFE
Price to FCFE
11.1
vs History
22
vs Industry
30
Median 3Y
10.6
Median 5Y
7.3
Industry
13.3
More Details
0.8
P/B
P/B
Price to Book Value
0.8
vs History
49
vs Industry
52
Median 3Y
0.7
Median 5Y
0.8
Industry
0.9
More Details
11.2
EV/S
EV/S
Enterprise Value to Sales
11.2
vs History
88
vs Industry
29
Median 3Y
12.3
Median 5Y
13.2
Industry
6.7
Forward
14.4
More Details
14.7
EV/GP
EV/GP
Enterprise Value to Gross Profit
14.7
vs History
85
vs Industry
36
Median 3Y
15.7
Median 5Y
16.5
Industry
12
More Details
16.4
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
16.4
vs History
85
vs Industry
38
Median 3Y
17.4
Median 5Y
18.5
Industry
16
Forward
16.1
More Details
16.4
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
16.4
vs History
85
vs Industry
43
Median 3Y
17.4
Median 5Y
18.5
Industry
19.2
Forward
16.1
More Details
28.5
EV/OCF
EV/OCF
Enterprise Value to OCF
28.5
vs History
15
vs Industry
20
Median 3Y
25.9
Median 5Y
25.6
Industry
18.6
More Details
28.5
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
28.5
vs History
15
vs Industry
23
Median 3Y
25.9
Median 5Y
25.6
Industry
20
More Details
0.8
EV/IC
EV/IC
Enterprise Value to IC
0.8
vs History
47
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
940.4m NZD 6.1 -17 16.4 16.4
ZA
Growthpoint Properties Ltd
JSE:GRT
44.8B Zac 0 0 0 0
ZA
Redefine Properties Ltd
JSE:RDF
31.1B Zac 0 0 0 0
US
WP Carey Inc
NYSE:WPC
12.5B USD 7.9 22.4 15.3 25.6
JP
KDX Realty Investment Corp
OTC:KDXRF
9.6B USD 26.7 38 54 68.2
ZA
Attacq Ltd
JSE:ATT
9.5B Zac 0 0 0 0
AU
Stockland Corporation Ltd
ASX:SGP
12.4B AUD 4.1 40.5 22.4 22.4
FR
Gecina SA
PAR:GFC
7B EUR 8.2 -7.6 17.2 17.9
ZA
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
7.1B Zac 0 0 0 0
US
STORE Capital Corp
LSE:0LA6
6.8B USD 7.7 21.4 14.6 23.3
ZA
Fairvest Ltd
JSE:FTA
6.8B Zac 0 0 0 0
P/E Multiple
Earnings Growth
NZ
Argosy Property Ltd
NZX:ARG
Average P/E: 30.6
Negative Multiple: -17 		N/A
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-96%
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
-98%
US
WP Carey Inc
NYSE:WPC
22.4
-22%
JP
KDX Realty Investment Corp
OTC:KDXRF
38
128%
ZA
A
Attacq Ltd
JSE:ATT
Not Available N/A
AU
Stockland Corporation Ltd
ASX:SGP
40.5
201%
FR
Gecina SA
PAR:GFC
Negative Multiple: -7.6 N/A
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available
-38%
US
S
STORE Capital Corp
LSE:0LA6
21.4
31%
ZA
F
Fairvest Ltd
JSE:FTA
Not Available 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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