Arena REIT

ASX:ARF Stock Report

Market Cap: AU$1.6b

Arena REIT Valuation

Is ARF undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ARF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ARF (A$4.01) is trading above our estimate of fair value (A$0.95)

Significantly Below Fair Value: ARF is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ARF?

Key metric: As ARF is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ARF. This is calculated by dividing ARF's market cap by their current earnings.
What is ARF's PE Ratio?
PE Ratio27.6x
EarningsAU$57.51m
Market CapAU$1.60b

Price to Earnings Ratio vs Peers

How does ARF's PE Ratio compare to its peers?

The above table shows the PE ratio for ARF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average39.9x
RFF Rural Funds Group
8.8x-7.2%AU$738.5m
ASK Abacus Storage King
11.3x-1.7%AU$1.6b
NSR National Storage REIT
118.4x20.0%AU$3.4b
CNI Centuria Capital Group
21.3x13.3%AU$1.6b
ARF Arena REIT
27.6x6.7%AU$1.6b

Price-To-Earnings vs Peers: ARF is good value based on its Price-To-Earnings Ratio (27.6x) compared to the peer average (39.9x).

Price to Earnings Ratio vs Industry

How does ARF's PE Ratio compare vs other companies in the Global Specialized REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ARF 27.6xIndustry Avg. 19.2xNo. of Companies8PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ARF is expensive based on its Price-To-Earnings Ratio (27.6x) compared to the Global Specialized REITs industry average (19.2x).

Price to Earnings Ratio vs Fair Ratio

What is ARF's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ARF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.6x
Fair PE Ratio20.5x

Price-To-Earnings vs Fair Ratio: ARF is expensive based on its Price-To-Earnings Ratio (27.6x) compared to the estimated Fair Price-To-Earnings Ratio (20.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ARF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$4.01
AU$4.25
+6.1%
5.2%AU$4.65AU$3.89n/a8
Nov ’25AU$3.95
AU$4.25
+7.7%
5.2%AU$4.65AU$3.89n/a8
Oct ’25AU$4.19
AU$4.14
-1.3%
3.8%AU$4.40AU$3.89n/a8
Sep ’25AU$3.98
AU$3.98
+0.08%
9.7%AU$4.40AU$2.98n/a9
Aug ’25AU$3.92
AU$3.92
+0.09%
10.3%AU$4.40AU$2.98n/a8
Jul ’25AU$3.93
AU$3.89
-1.0%
9.9%AU$4.40AU$2.98n/a9
Jun ’25AU$3.74
AU$3.87
+3.5%
9.4%AU$4.40AU$2.98n/a9
May ’25AU$3.67
AU$3.87
+5.4%
9.4%AU$4.40AU$2.98n/a9
Apr ’25AU$3.97
AU$3.83
-3.6%
9.9%AU$4.40AU$2.98n/a8
Mar ’25AU$3.40
AU$3.83
+12.6%
9.9%AU$4.40AU$2.98n/a8
Feb ’25AU$3.50
AU$3.94
+12.6%
5.6%AU$4.30AU$3.60n/a7
Jan ’25AU$3.71
AU$3.92
+5.7%
7.7%AU$4.35AU$3.45n/a7
Dec ’24AU$3.31
AU$3.92
+18.5%
7.7%AU$4.35AU$3.45n/a7
Nov ’24AU$3.26
AU$3.97
+21.9%
6.1%AU$4.35AU$3.71AU$3.957
Oct ’24AU$3.36
AU$4.05
+20.4%
6.7%AU$4.36AU$3.71AU$4.197
Sep ’24AU$3.70
AU$3.95
+6.8%
9.1%AU$4.36AU$3.28AU$3.988
Aug ’24AU$3.82
AU$3.95
+3.4%
9.1%AU$4.36AU$3.28AU$3.928
Jul ’24AU$3.76
AU$3.95
+5.0%
8.4%AU$4.36AU$3.28AU$3.939
Jun ’24AU$3.74
AU$3.94
+5.4%
8.5%AU$4.36AU$3.28AU$3.749
May ’24AU$3.76
AU$3.94
+4.8%
8.5%AU$4.36AU$3.28AU$3.679
Apr ’24AU$3.63
AU$3.94
+8.6%
8.5%AU$4.36AU$3.28AU$3.979
Mar ’24AU$3.77
AU$3.94
+4.6%
8.5%AU$4.36AU$3.28AU$3.409
Feb ’24AU$3.73
AU$4.06
+9.0%
7.2%AU$4.45AU$3.56AU$3.507
Jan ’24AU$3.83
AU$4.08
+6.6%
7.3%AU$4.45AU$3.56AU$3.718
Dec ’23AU$3.98
AU$4.14
+4.0%
7.8%AU$4.49AU$3.56AU$3.318
Nov ’23AU$4.02
AU$4.33
+7.7%
5.7%AU$4.74AU$3.83AU$3.268

Analyst Forecast: Target price is less than 20% higher than the current share price.

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