Charter Hall Long WALE REIT

ASX:CLW Stock Report

Market Cap: AU$2.8b

Charter Hall Long WALE REIT Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: CLW (A$3.88) is trading below our estimate of fair value (A$5.12)

Significantly Below Fair Value: CLW is trading below fair value by more than 20%.

Key Valuation Metric

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

Key metric: As CLW is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for CLW. This is calculated by dividing CLW's market cap by their current revenue.
What is CLW's PS Ratio?
PS Ratio19.3x
SalesAU$144.06m
Market CapAU$2.77b

Price to Sales Ratio vs Peers

How does CLW's PS Ratio compare to its peers?

The above table shows the PS ratio for CLW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average6.3x
CHC Charter Hall Group
12.1x8.5%AU$7.2b
GOZ Growthpoint Properties Australia
5.9x5.0%AU$1.9b
CNI Centuria Capital Group
4.6x0.5%AU$1.5b
MGR Mirvac Group
2.7x-44.9%AU$8.3b
CLW Charter Hall Long WALE REIT
19.3x15.7%AU$2.8b

Price-To-Sales vs Peers: CLW is expensive based on its Price-To-Sales Ratio (19.3x) compared to the peer average (6.3x).

Price to Sales Ratio vs Industry

How does CLW's PS Ratio compare vs other companies in the Global REITs Industry?

10 CompaniesPrice / SalesEstimated GrowthMarket Cap
CLW 19.3xIndustry Avg. 6.4xNo. of Companies31PS048121620+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: CLW is expensive based on its Price-To-Sales Ratio (19.3x) compared to the Global REITs industry average (6.4x).

Price to Sales Ratio vs Fair Ratio

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

CLW PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio19.3x
Fair PS Ratio12.1x

Price-To-Sales vs Fair Ratio: CLW is expensive based on its Price-To-Sales Ratio (19.3x) compared to the estimated Fair Price-To-Sales Ratio (12.1x).

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 CLW forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$3.88
AU$3.84
-1.1%
10.7%AU$4.55AU$3.34n/a8
Nov ’25AU$3.86
AU$3.84
-0.6%
10.7%AU$4.55AU$3.34n/a8
Oct ’25AU$3.99
AU$3.69
-7.6%
6.4%AU$4.15AU$3.34n/a8
Sep ’25AU$3.89
AU$3.73
-4.0%
12.9%AU$5.10AU$3.34n/a10
Aug ’25AU$3.58
AU$3.76
+4.9%
13.0%AU$5.10AU$3.33n/a10
Jul ’25AU$3.31
AU$3.86
+16.5%
12.2%AU$5.10AU$3.40n/a10
Jun ’25AU$3.47
AU$3.91
+12.6%
11.6%AU$5.10AU$3.40n/a10
May ’25AU$3.39
AU$3.92
+15.7%
11.3%AU$5.10AU$3.40n/a10
Apr ’25AU$3.82
AU$3.91
+2.3%
11.2%AU$5.10AU$3.40n/a10
Mar ’25AU$3.70
AU$3.91
+5.6%
11.2%AU$5.10AU$3.40n/a10
Feb ’25AU$3.70
AU$3.90
+5.4%
11.7%AU$5.10AU$3.54n/a9
Jan ’25AU$3.76
AU$3.89
+3.5%
12.2%AU$5.10AU$3.50n/a9
Dec ’24AU$3.36
AU$3.89
+15.8%
12.2%AU$5.10AU$3.50n/a9
Nov ’24AU$3.06
AU$3.95
+29.2%
12.0%AU$5.10AU$3.50AU$3.869
Oct ’24AU$3.22
AU$4.19
+30.0%
9.6%AU$5.10AU$3.56AU$3.999
Sep ’24AU$3.51
AU$4.18
+19.1%
9.1%AU$5.10AU$3.56AU$3.8910
Aug ’24AU$4.16
AU$4.44
+6.7%
8.6%AU$5.10AU$3.77AU$3.5810
Jul ’24AU$4.01
AU$4.65
+16.0%
6.2%AU$5.10AU$4.14AU$3.3110
Jun ’24AU$4.31
AU$4.72
+9.6%
5.9%AU$5.10AU$4.14AU$3.4710
May ’24AU$4.38
AU$4.72
+7.8%
5.9%AU$5.10AU$4.14AU$3.3910
Apr ’24AU$4.19
AU$4.72
+12.7%
5.9%AU$5.10AU$4.14AU$3.8210
Mar ’24AU$4.55
AU$4.73
+4.0%
6.0%AU$5.10AU$4.14AU$3.7010
Feb ’24AU$4.65
AU$4.68
+0.6%
5.6%AU$5.10AU$4.32AU$3.7010
Jan ’24AU$4.43
AU$4.62
+4.3%
6.4%AU$5.10AU$4.08AU$3.7610
Dec ’23AU$4.49
AU$4.62
+2.9%
6.4%AU$5.10AU$4.08AU$3.3610
Nov ’23AU$4.42
AU$4.71
+6.7%
5.3%AU$5.10AU$4.29AU$3.0610

Analyst Forecast: Target price is lower than the current share price.

Discover undervalued companies

Vicinity Centres

AU$9.7b

Vicinity Centres (Vicinity or the Group) is one of Australia's leading retail property groups with a fully integrated asset management platform, and $24 billion in retail assets under management across 60 shopping centres, making it the second largest listed manager of Australian retail property.

VCX

AU$2.15

7D

2.6%

1Y

15.9%

Rural Funds Group

AU$728.8m

An agricultural Real Estate Investment Trust (REIT) listed on the ASX under the code RFF.

RFF

AU$1.87

7D

0.5%

1Y

1.1%

Vicinity Centres

AU$9.7b

Vicinity Centres (Vicinity or the Group) is one of Australia's leading retail property groups with a fully integrated asset management platform, and $24 billion in retail assets under management across 60 shopping centres, making it the second largest listed manager of Australian retail property.

VCX

AU$2.13

7D

0.9%

1Y

15.1%