Stride Property Ltd
NZX:SPG

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Stride Property Ltd
NZX:SPG
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Price: 1.32 NZD 0.76% Market Closed
Market Cap: 737.9m NZD
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Relative Value

The Relative Value of one SPG stock under the Base Case scenario is 2.21 NZD. Compared to the current market price of 1.32 NZD, Stride Property 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.

SPG Relative Value
Base Case
2.21 NZD
Undervaluation 40%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

7.3
P/S
P/S
Price to Sales
7.3
vs History
90
vs Industry
29
Median 3Y
8.1
Median 5Y
9.5
Industry
3.6
Forward
8.5
More Details
57.4
P/E
P/E
Price to Earnings
57.4
vs History
4
vs Industry
46
Median 3Y
-6.2
Median 5Y
7.3
Industry
16.7
Forward
14.6
More Details
16.9
P/OCF
P/OCF
Price to OCF
16.9
vs History
82
vs Industry
26
Median 3Y
18.2
Median 5Y
20.8
Industry
10.9
More Details
19.7
P/FCFE
P/FCFE
Price to FCFE
19.7
vs History
6
vs Industry
21
Median 3Y
6.9
Median 5Y
6
Industry
13.3
More Details
0.8
P/B
P/B
Price to Book Value
0.8
vs History
60
vs Industry
56
Median 3Y
0.7
Median 5Y
0.8
Industry
0.8
More Details
11.2
EV/S
EV/S
Enterprise Value to Sales
11.2
vs History
96
vs Industry
28
Median 3Y
12.7
Median 5Y
14.5
Industry
6.6
Forward
13
More Details
15.5
EV/GP
EV/GP
Enterprise Value to Gross Profit
15.5
vs History
96
vs Industry
33
Median 3Y
17
Median 5Y
19.5
Industry
11.9
More Details
16.2
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
16.2
vs History
87
vs Industry
40
Median 3Y
17
Median 5Y
19.6
Industry
15.8
Forward
15.7
More Details
16.2
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
16.2
vs History
87
vs Industry
44
Median 3Y
17
Median 5Y
19.6
Industry
19
Forward
15.4
More Details
26
EV/OCF
EV/OCF
Enterprise Value to OCF
26
vs History
90
vs Industry
27
Median 3Y
28.2
Median 5Y
31
Industry
18.5
More Details
26.6
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
26.6
vs History
88
vs Industry
26
Median 3Y
28.5
Median 5Y
32.5
Industry
20.1
More Details
0.8
EV/IC
EV/IC
Enterprise Value to IC
0.8
vs History
60
vs Industry
44
Median 3Y
0.8
Median 5Y
0.8
Industry
0.7
More Details

Multiples Across Competitors

SPG Competitors Multiples
Stride 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
Stride Property Ltd
NZX:SPG
737.9m NZD 7.3 57.4 16.2 16.2
ZA
Growthpoint Properties Ltd
JSE:GRT
44.1B Zac 0 0 0 0
ZA
Redefine Properties Ltd
JSE:RDF
29.9B Zac 0 0 0 0
US
WP Carey Inc
NYSE:WPC
11.9B USD 7.5 21.4 14.8 24.9
ZA
Attacq Ltd
JSE:ATT
9.7B Zac 0 0 0 0
JP
KDX Realty Investment Corp
OTC:KDXRF
9.6B USD 27.2 38.6 54.6 69
AU
Stockland Corporation Ltd
ASX:SGP
11.9B AUD 4 38.9 21.7 21.7
ZA
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
7B Zac 0 0 0 0
US
STORE Capital Corp
LSE:0LA6
6.8B USD 7.7 21.4 14.6 23.3
FR
Gecina SA
PAR:GFC
6.6B EUR 7.7 -7.2 16.6 17.3
ZA
Fairvest Ltd
JSE:FTA
6.6B Zac 0 0 0 0
P/S Multiple
Revenue Growth P/S to Growth
NZ
Stride Property Ltd
NZX:SPG
Average P/S: 10.2
7.3
8%
1
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-36%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
-45%
N/A
US
WP Carey Inc
NYSE:WPC
7.5
0%
203.7
ZA
A
Attacq Ltd
JSE:ATT
Not Available N/A N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
27.2
72%
0.4
AU
Stockland Corporation Ltd
ASX:SGP
4
56%
0.1
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available
-22%
N/A
US
S
STORE Capital Corp
LSE:0LA6
7.7
26%
0.3
FR
Gecina SA
PAR:GFC
7.7
16%
0.5
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
P/E Multiple
Earnings Growth P/E to Growth
NZ
Stride Property Ltd
NZX:SPG
Average P/E: 35.5
57.4
N/A N/A
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-96%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
-98%
N/A
US
WP Carey Inc
NYSE:WPC
21.4
-19%
N/A
ZA
A
Attacq Ltd
JSE:ATT
Not Available N/A N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
38.6
128%
0.3
AU
Stockland Corporation Ltd
ASX:SGP
38.9
221%
0.2
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available
-37%
N/A
US
S
STORE Capital Corp
LSE:0LA6
21.4
31%
0.7
FR
Gecina SA
PAR:GFC
Negative Multiple: -7.2 N/A N/A
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
NZ
Stride Property Ltd
NZX:SPG
Average EV/EBITDA: 23.1
16.2
27%
0.6
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-5%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
-6%
N/A
US
WP Carey Inc
NYSE:WPC
14.8
11%
1.3
ZA
A
Attacq Ltd
JSE:ATT
Not Available N/A N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
54.6
122%
0.4
AU
Stockland Corporation Ltd
ASX:SGP
21.7
67%
0.3
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available
17%
N/A
US
S
STORE Capital Corp
LSE:0LA6
14.6
52%
0.3
FR
Gecina SA
PAR:GFC
16.6
14%
1.2
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
NZ
Stride Property Ltd
NZX:SPG
Average EV/EBIT: 28.7
16.2
12%
1.3
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-7%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
19%
N/A
US
WP Carey Inc
NYSE:WPC
24.9
14%
1.8
ZA
A
Attacq Ltd
JSE:ATT
Not Available
12%
N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
69
N/A N/A
AU
Stockland Corporation Ltd
ASX:SGP
21.7
60%
0.4
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available N/A N/A
US
S
STORE Capital Corp
LSE:0LA6
23.3
54%
0.4
FR
Gecina SA
PAR:GFC
17.3
24%
0.7
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A

See Also

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