Precinct Properties New Zealand Ltd
NZX:PCT
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EV/EBITDA
Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Valuation Scenarios
If EV/EBITDA returns to its 3-Year Average (25), the stock would be worth NZ$0.97 (4% downside from current price).
| Scenario | EV/EBITDA Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 26.1 | NZ$1.02 |
0%
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| 3-Year Average | 25 | NZ$0.97 |
-4%
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| 5-Year Average | 27.1 | NZ$1.06 |
+4%
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| Industry Average | 16.8 | NZ$0.66 |
-35%
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| Country Average | 18.3 | NZ$0.71 |
-30%
|
Forward EV/EBITDA
Today’s price vs future ebitda
| Today's Enterprise Value | EBITDA | Forward EV/EBITDA | ||
|---|---|---|---|---|
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NZ$3.6B
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/ |
Jan 2026
NZ$131.5m
|
= |
|
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NZ$3.6B
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/ |
Jun 2026
NZ$157m
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= |
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NZ$3.6B
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/ |
Jun 2027
NZ$171.2m
|
= |
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NZ$3.6B
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/ |
Jun 2028
NZ$187.3m
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= |
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Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.
Peer Comparison
| Market Cap | EV/EBITDA | P/E | ||||
|---|---|---|---|---|---|---|
| NZ |
|
Precinct Properties New Zealand Ltd
NZX:PCT
|
1.9B NZD | 26.1 | 400.1 | |
| US |
|
Boston Properties Inc
NYSE:BXP
|
9.3B USD | 12.9 | 33.5 | |
| US |
|
Alexandria Real Estate Equities Inc
NYSE:ARE
|
8.2B USD | 9.7 | -5.7 | |
| FR |
|
Covivio SA
PAR:COV
|
6.4B EUR | 15.4 | 8.6 | |
| JP |
|
Nippon Building Fund Inc
TSE:8951
|
1.2T JPY | 27.7 | 27.4 | |
| US |
|
COPT Defense Properties
NYSE:CDP
|
7.2B USD | 41.9 | 47.2 | |
| US |
|
Vornado Realty Trust
NYSE:VNO
|
5.5B USD | 15.9 | 6.6 | |
| JP |
|
Japan Real Estate Investment Corp
TSE:8952
|
863.7B JPY | 24.4 | 23.6 | |
| AU |
|
Dexus
ASX:DXS
|
6.6B AUD | 35.3 | 12.9 | |
| SG |
|
Keppel REIT
SGX:K71U
|
4.6B | 0 | 0 | |
| JP |
|
Kenedix Office Investment Corp
TSE:8972
|
672.1B JPY | 22.1 | 19.9 |
Market Distribution
| Min | 4.2 |
| 30th Percentile | 14.7 |
| Median | 18.3 |
| 70th Percentile | 28.5 |
| Max | 518.2 |
Other Multiples
Precinct Properties New Zealand Ltd
Glance View
Precinct Properties New Zealand Ltd is a leading real estate and investment company primarily focused on prime office space. It's a company that takes pride in shaping the skylines of Auckland and Wellington, with its business model intimately tied to these urban landscapes. Precinct's portfolio brims with high-quality commercial buildings, sought-after for their strategic locations in central business districts. By mastering the art of property investment and management, Precinct thrives in the business of facilitating vibrant workplaces. The company leases these premium spaces to tenants ranging from law firms to government agencies, generating steady rental income - the lifeblood of its business. Moreover, Precinct has an astute eye for development opportunities. It regularly embarks on strategic projects, adding value not just through leasing, but by revitalizing urban areas and creating new commercial precincts. By reinvesting capital into development projects such as the Commercial Bay in Auckland, they enhance their assets' appeal and value, ensuring long-term profitability and sustainability. The company’s financial success hinges on its ability to maintain strong occupancy rates, optimize rental yields, and execute developments that meet the evolving demands of modern office tenants. Through this diligent approach, Precinct Properties has solidified its status as a pivotal player in New Zealand's property landscape.
