Precinct Properties New Zealand Ltd
NZX:PCT

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Precinct Properties New Zealand Ltd
NZX:PCT
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Price: 1.245 NZD 2.05% Market Closed
Market Cap: 2B NZD
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Relative Value

The Relative Value of one PCT stock under the Base Case scenario is 2.07 NZD. Compared to the current market price of 1.245 NZD, Precinct Properties New Zealand Ltd is Undervalued by 40%.

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.

PCT Relative Value
Base Case
2.07 NZD
Undervaluation 40%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

8
P/S
P/S
Price to Sales
8
vs History
92
vs Industry
21
Median 3Y
9.4
Median 5Y
10.8
Industry
3.6
Forward
12.2
More Details
Negative
P/E
P/E
Price to Earnings
N/A
vs History
vs Industry
29
Median 3Y
11.5
Median 5Y
12.2
Industry
16.7
Forward
18
More Details
24.8
P/OCF
P/OCF
Price to OCF
24.8
vs History
20
vs Industry
17
Median 3Y
19.6
Median 5Y
22.2
Industry
10.9
More Details
9.9
P/FCFE
P/FCFE
Price to FCFE
9.9
vs History
36
vs Industry
12
Median 3Y
10.1
Median 5Y
8.3
Industry
13.3
More Details
1
P/B
P/B
Price to Book Value
1
vs History
46
vs Industry
42
Median 3Y
0.9
Median 5Y
1
Industry
0.8
More Details
12.8
EV/S
EV/S
Enterprise Value to Sales
12.8
vs History
93
vs Industry
20
Median 3Y
15.3
Median 5Y
16.1
Industry
6.6
Forward
19.7
More Details
20.3
EV/GP
EV/GP
Enterprise Value to Gross Profit
20.3
vs History
77
vs Industry
23
Median 3Y
21.4
Median 5Y
25.2
Industry
11.9
More Details
23.3
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
23.3
vs History
88
vs Industry
20
Median 3Y
27
Median 5Y
29.9
Industry
15.8
Forward
20.3
More Details
23.3
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
23.3
vs History
88
vs Industry
29
Median 3Y
27
Median 5Y
29.9
Industry
19
Forward
20.1
More Details
39.9
EV/OCF
EV/OCF
Enterprise Value to OCF
39.9
vs History
9
vs Industry
17
Median 3Y
32.3
Median 5Y
35.3
Industry
18.5
More Details
40.4
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
40.4
vs History
30
vs Industry
17
Median 3Y
37.9
Median 5Y
38.8
Industry
20.1
More Details
0.9
EV/IC
EV/IC
Enterprise Value to IC
0.9
vs History
39
vs Industry
33
Median 3Y
0.9
Median 5Y
0.9
Industry
0.7
More Details

Multiples Across Competitors

PCT Competitors Multiples
Precinct Properties New Zealand 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
Precinct Properties New Zealand Ltd
NZX:PCT
2B NZD 8 -89.4 23.3 23.3
US
Alexandria Real Estate Equities Inc
NYSE:ARE
17.1B USD 5.4 60.5 13.9 31.1
US
Boston Properties Inc
NYSE:BXP
11.8B USD 3.5 32.5 14.3 26.3
US
Vornado Realty Trust
NYSE:VNO
7.9B USD 4.5 -146.7 21.7 63.6
US
COPT Defense Properties
NYSE:CDP
6.9B USD 9.3 50.7 44.5 44.5
JP
Nippon Building Fund Inc
TSE:8951
1.1T JPY 10.8 24.6 26.2 35.3
FR
Covivio SA
PAR:COV
5.4B EUR 5 -7.3 16.2 17.7
JP
Japan Real Estate Investment Corp
TSE:8952
774B JPY 9.2 20.7 21.4 27.9
US
Kilroy Realty Corp
NYSE:KRC
4.8B USD 4.3 24.3 13.6 28.5
US
Cousins Properties Inc
NYSE:CUZ
4.6B USD 5.6 90 13.8 42.5
AU
Dexus
ASX:DXS
7.4B AUD 8.1 -4.6 35.1 35.1
P/E Multiple
Earnings Growth P/E to Growth
NZ
Precinct Properties New Zealand Ltd
NZX:PCT
Average P/E: 43.3
Negative Multiple: -89.4 		N/A N/A
US
Alexandria Real Estate Equities Inc
NYSE:ARE
60.5
538%
0.1
US
Boston Properties Inc
NYSE:BXP
32.5
57%
0.6
US
Vornado Realty Trust
NYSE:VNO
Negative Multiple: -146.7
-66%
N/A
US
COPT Defense Properties
NYSE:CDP
50.7
N/A N/A
JP
Nippon Building Fund Inc
TSE:8951
24.6
7%
3.5
FR
Covivio SA
PAR:COV
Negative Multiple: -7.3 N/A N/A
JP
Japan Real Estate Investment Corp
TSE:8952
20.7
N/A N/A
US
Kilroy Realty Corp
NYSE:KRC
24.3
-33%
N/A
US
Cousins Properties Inc
NYSE:CUZ
90
-25%
N/A
AU
Dexus
ASX:DXS
Negative Multiple: -4.6 N/A N/A

See Also

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