Property for Industry Ltd
NZX:PFI

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Property for Industry Ltd
NZX:PFI
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Price: 2.15 NZD -1.38% Market Closed
Market Cap: 1.1B NZD
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Relative Value

The Relative Value of one PFI stock under the Base Case scenario is 3.19 NZD. Compared to the current market price of 2.15 NZD, Property for Industry Ltd is Undervalued by 33%.

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.

PFI Relative Value
Base Case
3.19 NZD
Undervaluation 33%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

9.3
P/S
P/S
Price to Sales
9.3
vs History
90
vs Industry
18
Median 3Y
10.5
Median 5Y
11.3
Industry
3.6
Forward
14.8
More Details
Negative
P/E
P/E
Price to Earnings
N/A
vs History
vs Industry
Median 3Y
-12
Median 5Y
3.7
Industry
16.7
Forward
30.1
More Details
19.9
P/OCF
P/OCF
Price to OCF
19.9
vs History
92
vs Industry
13
Median 3Y
23.7
Median 5Y
23.8
Industry
10.9
More Details
6.8
P/FCFE
P/FCFE
Price to FCFE
6.8
vs History
82
vs Industry
32
Median 3Y
9.6
Median 5Y
11.1
Industry
13.3
More Details
0.8
P/B
P/B
Price to Book Value
0.8
vs History
68
vs Industry
47
Median 3Y
0.8
Median 5Y
0.9
Industry
0.8
More Details
13.7
EV/S
EV/S
Enterprise Value to Sales
13.7
vs History
92
vs Industry
18
Median 3Y
15.9
Median 5Y
16.1
Industry
6.6
Forward
22
More Details
17.1
EV/GP
EV/GP
Enterprise Value to Gross Profit
17.1
vs History
90
vs Industry
26
Median 3Y
18.9
Median 5Y
19.1
Industry
11.9
More Details
19.4
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
19.4
vs History
88
vs Industry
28
Median 3Y
20.7
Median 5Y
20.9
Industry
15.8
Forward
25.5
More Details
19.4
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
19.4
vs History
88
vs Industry
35
Median 3Y
20.7
Median 5Y
20.9
Industry
19
Forward
25.6
More Details
29.6
EV/OCF
EV/OCF
Enterprise Value to OCF
29.6
vs History
90
vs Industry
14
Median 3Y
35.1
Median 5Y
34.5
Industry
18.5
More Details
29.6
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
29.6
vs History
90
vs Industry
18
Median 3Y
35.2
Median 5Y
35.1
Industry
20.1
More Details
0.8
EV/IC
EV/IC
Enterprise Value to IC
0.8
vs History
93
vs Industry
42
Median 3Y
0.8
Median 5Y
0.9
Industry
0.7
More Details

Multiples Across Competitors

PFI Competitors Multiples
Property for Industry 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
Property for Industry Ltd
NZX:PFI
1.1B NZD 9.3 -23.4 19.4 19.4
US
Prologis Inc
NYSE:PLD
95.4B USD 12.1 31.1 23.6 44.9
AU
Goodman Group
ASX:GMG
69.4B AUD 35 -701.9 131.3 131.3
US
Lineage Inc
NASDAQ:LINE
13.2B USD 1.4 -18.7 8.7 24.2
UK
SEGRO PLC
LSE:SGRO
9.4B GBP 12.8 -937.2 24.9 25.3
SG
Ascendas Real Estate Investment Trust
SGX:A17U
11.2B 0 0 0 0
US
Rexford Industrial Realty Inc
NYSE:REXR
8.4B USD 9.3 31.6 18.8 33.2
US
Eastgroup Properties Inc
NYSE:EGP
7.9B USD 12.7 34 21.7 37.8
US
First Industrial Realty Trust Inc
NYSE:FR
6.7B USD 10.2 21.6 21 33.4
SG
Mapletree Logistics Trust
SGX:M44U
6.4B 0 0 0 0
SG
Mapletree Industrial Trust
SGX:ME8U
6.2B 0 0 0 0
P/E Multiple
Earnings Growth P/E to Growth
NZ
Property for Industry Ltd
NZX:PFI
Average P/E: 29.6
Negative Multiple: -23.4 		N/A N/A
US
Prologis Inc
NYSE:PLD
31.1
0%
N/A
AU
Goodman Group
ASX:GMG
Negative Multiple: -701.9 N/A N/A
US
Lineage Inc
NASDAQ:LINE
Negative Multiple: -18.7 N/A N/A
UK
SEGRO PLC
LSE:SGRO
Negative Multiple: -937.2 N/A N/A
SG
Ascendas Real Estate Investment Trust
SGX:A17U
Not Available
343%
N/A
US
Rexford Industrial Realty Inc
NYSE:REXR
31.6
48%
0.7
US
Eastgroup Properties Inc
NYSE:EGP
34
33%
1
US
First Industrial Realty Trust Inc
NYSE:FR
21.6
-15%
N/A
SG
Mapletree Logistics Trust
SGX:M44U
Not Available
20%
N/A
SG
Mapletree Industrial Trust
SGX:ME8U
Not Available
271%
N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
NZ
Property for Industry Ltd
NZX:PFI
Average EV/EBITDA: 33.7
19.4
12%
1.6
US
Prologis Inc
NYSE:PLD
23.6
28%
0.9
AU
Goodman Group
ASX:GMG
131.3
535%
0.2
US
Lineage Inc
NASDAQ:LINE
8.7
N/A N/A
UK
SEGRO PLC
LSE:SGRO
24.9
30%
0.8
SG
Ascendas Real Estate Investment Trust
SGX:A17U
Not Available
12%
N/A
US
Rexford Industrial Realty Inc
NYSE:REXR
18.8
66%
0.3
US
Eastgroup Properties Inc
NYSE:EGP
21.7
41%
0.5
US
First Industrial Realty Trust Inc
NYSE:FR
21
35%
0.6
SG
Mapletree Logistics Trust
SGX:M44U
Not Available
13%
N/A
SG
Mapletree Industrial Trust
SGX:ME8U
Not Available
17%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
NZ
Property for Industry Ltd
NZX:PFI
Average EV/EBIT: 43.7
19.4
12%
1.6
US
Prologis Inc
NYSE:PLD
44.9
28%
1.6
AU
Goodman Group
ASX:GMG
131.3
527%
0.2
US
Lineage Inc
NASDAQ:LINE
24.2
N/A N/A
UK
SEGRO PLC
LSE:SGRO
25.3
44%
0.6
SG
Ascendas Real Estate Investment Trust
SGX:A17U
Not Available
12%
N/A
US
Rexford Industrial Realty Inc
NYSE:REXR
33.2
73%
0.5
US
Eastgroup Properties Inc
NYSE:EGP
37.8
44%
0.9
US
First Industrial Realty Trust Inc
NYSE:FR
33.4
27%
1.2
SG
Mapletree Logistics Trust
SGX:M44U
Not Available
11%
N/A
SG
Mapletree Industrial Trust
SGX:ME8U
Not Available
14%
N/A

See Also

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