Stride Property Ltd
NZX:SPG

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Stride Property Ltd
NZX:SPG
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Price: 1.35 NZD 0.75% Market Closed
Market Cap: 754.7m NZD
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Relative Value

The Relative Value of one SPG stock under the Base Case scenario is 2.31 NZD. Compared to the current market price of 1.35 NZD, Stride Property Ltd is Undervalued by 42%.

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
2.31 NZD
Undervaluation 42%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

7.6
P/S
P/S
Price to Sales
7.6
vs History
73
vs Industry
29
Median 3Y
8.2
Median 5Y
9.6
Industry
3.7
Forward
8.6
More Details
Negative
P/E
P/E
Price to Earnings
N/A
vs History
vs Industry
46
Median 3Y
-6.4
Median 5Y
7
Industry
16.6
Forward
14.9
More Details
15.8
P/OCF
P/OCF
Price to OCF
15.8
vs History
85
vs Industry
26
Median 3Y
18.3
Median 5Y
21.1
Industry
11
More Details
18.4
P/FCFE
P/FCFE
Price to FCFE
18.4
vs History
3
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
50
vs Industry
56
Median 3Y
0.7
Median 5Y
0.8
Industry
0.9
More Details
12
EV/S
EV/S
Enterprise Value to Sales
12
vs History
80
vs Industry
28
Median 3Y
12.9
Median 5Y
14.6
Industry
6.7
Forward
13.6
More Details
16.3
EV/GP
EV/GP
Enterprise Value to Gross Profit
16.3
vs History
76
vs Industry
33
Median 3Y
17.3
Median 5Y
19.6
Industry
12
More Details
16.6
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
16.6
vs History
77
vs Industry
40
Median 3Y
17.3
Median 5Y
19.6
Industry
15.9
Forward
16.4
More Details
16.6
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
16.6
vs History
77
vs Industry
44
Median 3Y
17.3
Median 5Y
19.6
Industry
19
Forward
16
More Details
24.8
EV/OCF
EV/OCF
Enterprise Value to OCF
24.8
vs History
88
vs Industry
27
Median 3Y
28.4
Median 5Y
31.5
Industry
18.3
More Details
25.4
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
25.4
vs History
88
vs Industry
26
Median 3Y
28.7
Median 5Y
32.9
Industry
20
More Details
0.8
EV/IC
EV/IC
Enterprise Value to IC
0.8
vs History
44
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
753.9m NZD 7.6 -13.4 16.6 16.6
ZA
Growthpoint Properties Ltd
JSE:GRT
44.8B Zac 0 0 0 0
ZA
Redefine Properties Ltd
JSE:RDF
31.1B Zac 0 0 0 0
US
WP Carey Inc
NYSE:WPC
12.5B USD 7.9 22.5 15.3 25.7
JP
KDX Realty Investment Corp
OTC:KDXRF
9.6B USD 26.6 37.8 53.8 67.9
ZA
Attacq Ltd
JSE:ATT
9.5B Zac 0 0 0 0
AU
Stockland Corporation Ltd
ASX:SGP
12.4B AUD 4.1 40.5 22.4 22.4
FR
Gecina SA
PAR:GFC
7B EUR 8.2 -7.6 17.2 17.9
ZA
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
7.1B Zac 0 0 0 0
US
STORE Capital Corp
LSE:0LA6
6.8B USD 7.7 21.4 14.6 23.3
ZA
Fairvest Ltd
JSE:FTA
6.8B Zac 0 0 0 0
P/E Multiple
Earnings Growth
NZ
Stride Property Ltd
NZX:SPG
Average P/E: 30.6
Negative Multiple: -13.4 		N/A
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-96%
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
-98%
US
WP Carey Inc
NYSE:WPC
22.5
-22%
JP
KDX Realty Investment Corp
OTC:KDXRF
37.8
128%
ZA
A
Attacq Ltd
JSE:ATT
Not Available N/A
AU
Stockland Corporation Ltd
ASX:SGP
40.5
201%
FR
Gecina SA
PAR:GFC
Negative Multiple: -7.6 N/A
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available
-38%
US
S
STORE Capital Corp
LSE:0LA6
21.4
31%
ZA
F
Fairvest Ltd
JSE:FTA
Not Available 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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