Precinct Properties New Zealand Ltd
NZX:PCT
Decide at what price you'd be comfortable buying and we'll help you stay ready.
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P/FCFE
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Valuation Scenarios
If P/FCFE returns to its 3-Year Average (5.1), the stock would be worth NZ$1.09 (6% upside from current price).
| Scenario | P/FCFE Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 4.8 | NZ$1.03 |
0%
|
| 3-Year Average | 5.1 | NZ$1.09 |
+6%
|
| 5-Year Average | 6.4 | NZ$1.38 |
+34%
|
| Industry Average | 8.6 | NZ$1.86 |
+81%
|
| Country Average | 21.5 | NZ$4.64 |
+350%
|
Forward P/FCFE
Today’s price vs future free cash flow to equity
Peer Comparison
| Market Cap | P/FCFE | P/E | ||||
|---|---|---|---|---|---|---|
| NZ |
|
Precinct Properties New Zealand Ltd
NZX:PCT
|
1.9B NZD | 4.8 | 406 | |
| US |
|
Boston Properties Inc
NYSE:BXP
|
9.3B USD | -26.9 | 29.2 | |
| FR |
|
Covivio SA
PAR:COV
|
6.2B EUR | 15.2 | 8.4 | |
| JP |
|
Nippon Building Fund Inc
TSE:8951
|
1.1T JPY | 55.5 | 26.4 | |
| US |
|
COPT Defense Properties
NYSE:CDP
|
7B USD | 14 | 44.8 | |
| US |
|
Alexandria Real Estate Equities Inc
NYSE:ARE
|
6.9B USD | -13.6 | -4.8 | |
| US |
|
Vornado Realty Trust
NYSE:VNO
|
5.7B USD | -6.9 | 6.8 | |
| JP |
|
Japan Real Estate Investment Corp
TSE:8952
|
844.5B JPY | 28.3 | 23 | |
| AU |
|
Dexus
ASX:DXS
|
6.7B AUD | 8.8 | 13.1 | |
| SG |
|
Keppel REIT
SGX:K71U
|
4.4B | 0 | 0 | |
| US |
|
Cousins Properties Inc
NYSE:CUZ
|
4.3B USD | -576.4 | 105.6 |
Market Distribution
| Min | 2.3 |
| 30th Percentile | 12.5 |
| Median | 21.5 |
| 70th Percentile | 34.7 |
| Max | 457.5 |
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.
