GDI Property Group Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • PM vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: GDI (A$0.65) is trading below our estimate of fair value (A$0.78)

Significantly Below Fair Value: GDI is trading below fair value, but not by a significant amount.


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

GDI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue22.3x
Enterprise Value/EBITDA41.5x
PEG Ratio6.1x

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for GDI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5.9x
GDF Garda Property Group
8.1x-2.7%AU$260.6m
ECF Elanor Commercial Property Fund
6xn/aAU$242.2m
AOF Australian Unity Office Fund
5.3x-25.4%AU$167.7m
COF Centuria Office REIT
4.4x-2.1%AU$746.7m
GDI GDI Property Group
5.4x1.2%AU$346.0m

Price-To-Sales vs Peers: GDI is good value based on its Price-To-Sales Ratio (5.4x) compared to the peer average (5.9x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a66.6%
n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a66.6%
n/an/an/a
No more companies

Price-To-Sales vs Industry: GDI is good value based on its Price-To-Sales Ratio (5.4x) compared to the Global Office REITs industry average (5.5x).


Price to Sales Ratio vs Fair Ratio

What is GDI'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.

GDI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.4x
Fair PS Ratio5.2x

PM vs Fair Ratio: GDI is expensive based on its Price-To-Sales Ratio (5.4x) compared to the estimated Fair Price-To-Sales Ratio (5.2x).


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 GDI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$0.65
AU$0.92
+42.6%
18.5%AU$1.09AU$0.75n/a2
Feb ’25AU$0.66
AU$0.92
+39.4%
18.5%AU$1.09AU$0.75n/a2
Jan ’25AU$0.65
AU$0.92
+41.5%
18.5%AU$1.09AU$0.75n/a2
Dec ’24AU$0.58
AU$0.92
+58.6%
18.5%AU$1.09AU$0.75n/a2
Oct ’24AU$0.54
AU$1.08
+101.9%
0.9%AU$1.09AU$1.07n/a2
Sep ’24AU$0.63
AU$1.08
+71.4%
0.9%AU$1.09AU$1.07n/a2
Aug ’24AU$0.67
AU$1.12
+68.4%
4.5%AU$1.17AU$1.07n/a2
Jul ’24AU$0.65
AU$1.12
+73.6%
4.5%AU$1.17AU$1.07n/a2
Jun ’24AU$0.70
AU$1.16
+64.5%
7.8%AU$1.25AU$1.07n/a2
May ’24AU$0.72
AU$1.16
+61.1%
7.8%AU$1.25AU$1.07n/a2
Apr ’24AU$0.72
AU$1.15
+59.7%
7.0%AU$1.23AU$1.07n/a2
Mar ’24AU$0.79
AU$1.22
+54.4%
0.8%AU$1.23AU$1.21n/a2
Feb ’24AU$0.82
AU$1.24
+49.7%
2.0%AU$1.26AU$1.21AU$0.662
Jan ’24AU$0.71
AU$1.24
+72.7%
2.0%AU$1.26AU$1.21AU$0.652
Dec ’23AU$0.80
AU$1.24
+54.4%
2.0%AU$1.26AU$1.21AU$0.582
Nov ’23AU$0.81
AU$1.27
+56.2%
4.3%AU$1.32AU$1.21AU$0.522
Oct ’23AU$0.81
AU$1.27
+57.1%
4.3%AU$1.32AU$1.21AU$0.542

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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