Stride Property Ltd
NZX:SPG

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Stride Property Ltd Logo
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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Intrinsic Value

The intrinsic value of one SPG stock under the Base Case scenario is 1.82 NZD. Compared to the current market price of 1.35 NZD, Stride Property Ltd is Undervalued by 26%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

SPG Intrinsic Value
1.82 NZD
Undervaluation 26%
Intrinsic Value
Price
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Stride Property Ltd

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

Economic Moat
Stride Property Ltd

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Financials
Annual
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Balance Sheet Decomposition
Stride Property Ltd

Current Assets 25.7m
Cash & Short-Term Investments 14.8m
Receivables 4.2m
Other Current Assets 6.7m
Non-Current Assets 1.4B
Long-Term Investments 1.4B
PP&E 9.1m
Other Non-Current Assets 10.3m
Current Liabilities 17.9m
Accounts Payable 1.1m
Accrued Liabilities 13.3m
Other Current Liabilities 3.4m
Non-Current Liabilities 448.3m
Long-Term Debt 442.5m
Other Non-Current Liabilities 5.8m
Efficiency

Earnings Waterfall
Stride Property Ltd

Revenue
98.9m NZD
Cost of Revenue
-26.6m NZD
Gross Profit
72.3m NZD
Operating Expenses
-1.1m NZD
Operating Income
71.2m NZD
Other Expenses
-127.3m NZD
Net Income
-56.1m NZD

Free Cash Flow Analysis
Stride Property Ltd

Last Value
3-Years Average
FCF Margin
Conversion Rate
Fundamental Scores

SPG Profitability Score
Profitability Due Diligence

Stride Property Ltd's profitability score is 58/100. The higher the profitability score, the more profitable the company is.

58/100
Profitability
Score

Stride Property Ltd's profitability score is 58/100. The higher the profitability score, the more profitable the company is.

SPG Solvency Score
Solvency Due Diligence

Stride Property Ltd's solvency score is 37/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Low D/E
Short-Term Solvency
Low Altman Z-Score
37/100
Solvency
Score

Stride Property Ltd's solvency score is 37/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

SPG Price Targets Summary
Stride Property Ltd

Wall Street analysts forecast SPG stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for SPG is 1.43 NZD with a low forecast of 1.34 NZD and a high forecast of 1.55 NZD.

Lowest
Price Target
1.34 NZD
0% Downside
Average
Price Target
1.43 NZD
6% Upside
Highest
Price Target
1.55 NZD
15% Upside
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Dividends

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Dividend Per Share
N/A
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0
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Shareholder Yield

Current shareholder yield for SPG is .

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Profile

Stride Property Ltd Logo
Stride Property Ltd

Country

New Zealand

Industry

Real Estate

Market Cap

753.9m NZD

Dividend Yield

5.93%

Description

Stride Stapled Group engages in the provision of real estate investment and management services. The firm invests in office, retail and industrial properties in New Zealand. The firm holds interests in approximately 44 properties with over 143 tenants. Its properties cover a net lettable area of approximately 249,829 square meters. Its properties include offices, town centers and industrial. Its investment properties include 34 Shortland Street, Auckland; 55 Lady Elizabeth Lane, Wellington; 46 Sale Street, Auckland; 1 Grey Street, Wellington; 215 Lambton Quay, Wellington; 20 Customhouse Quay, Wellington; 22 The Terrace, Wellington; 61 Silverdale Street, Auckland; NorthWest Shopping Centre, Auckland; NorthWest Two, Auckland; Johnsonville Shopping Centre, Wellington; 30 Airpark Drive, Auckland; 20 Rockridge Avenue, Auckland; 25 O’Rorke Road and 15 Rockridge Avenue, Auckland, and 318 East Tamaki Road, Auckland.

Contact

AUCKLAND
Level 12, 34 Shortland Street
+6499122690
strideproperty.co.nz

IPO

2010-08-16

Employees

-

Officers

Chief Executive Officer
Mr. Philip Littlewood B.Com., M.B.A.
Chief Financial Officer
Ms. Jennifer Marie Whooley C.A.
General Manager of Investment & Investore Fund Manager
Mr. Adam Lilley B.Com., C.A., L.L.B.
GM of Corporate Services & Company Secretary
Ms. Louise Hill B.Com., L.L.B.

See Also

Discover More
What is the Intrinsic Value of one SPG stock?

The intrinsic value of one SPG stock under the Base Case scenario is 1.82 NZD.

Is SPG stock undervalued or overvalued?

Compared to the current market price of 1.35 NZD, Stride Property Ltd is Undervalued by 26%.

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