Waypoint REIT

ASX:WPR Stock Report

Mkt Cap: AU$1.9b

We’ve recently updated our valuation analysis.

Waypoint REIT Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

WPR 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/Revenue28.6x
Enterprise Value/EBITDAn/a
PEG Ratio-0.3x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for WPR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average5.8x
BWP BWP Trust
5.2x-22.7%AU$2.5b
HDN HomeCo Daily Needs REIT
8.2x-9.7%AU$2.7b
RGN Region Group
6.4x-10.0%AU$3.1b
CQR Charter Hall Retail REIT
3.5x-15.2%AU$2.3b
WPR Waypoint REIT
4.6x-15.6%AU$1.9b

Price-To-Earnings vs Peers: WPR is good value based on its Price-To-Earnings Ratio (4.6x) compared to the peer average (5.8x).

Price to Earnings Ratio vs Industry

How does WPR's PE Ratio compare vs other companies in the AU REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-6.0%
 n/an/an/a

Price-To-Earnings vs Industry: WPR is good value based on its Price-To-Earnings Ratio (4.6x) compared to the Australian REITs industry average (6.9x)

Price to Earnings Ratio vs Fair Ratio

What is WPR'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.

WPR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.6x
Fair PE Ratio8.4x

Price-To-Earnings vs Fair Ratio: WPR is good value based on its Price-To-Earnings Ratio (4.6x) compared to the estimated Fair Price-To-Earnings Ratio (8.4x).

Share Price vs Fair Value

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

Below Fair Value: WPR (A$2.79) is trading above our estimate of fair value (A$2.64)

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

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 WPR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$2.79
AU$2.81
+0.5%
8.6%AU$3.05AU$2.35n/a8
Jan ’24AU$2.75
AU$2.86
+4.1%
8.7%AU$3.10AU$2.35n/a8
Dec ’23AU$2.83
AU$2.86
+1.0%
8.7%AU$3.10AU$2.35n/a8
Nov ’23AU$2.77
AU$2.86
+3.2%
8.7%AU$3.10AU$2.35n/a8
Oct ’23AU$2.37
AU$2.86
+20.6%
8.7%AU$3.10AU$2.35n/a8
Sep ’23AU$2.59
AU$2.90
+11.9%
8.3%AU$3.10AU$2.35n/a7
Aug ’23AU$2.60
AU$2.85
+9.7%
9.8%AU$3.06AU$2.20n/a7
Jul ’23AU$2.33
AU$2.92
+25.1%
10.1%AU$3.07AU$2.20n/a7
Jun ’23AU$2.51
AU$3.03
+20.6%
5.2%AU$3.24AU$2.70n/a7
May ’23AU$2.69
AU$3.08
+14.4%
5.9%AU$3.30AU$2.70n/a7
Apr ’23AU$2.69
AU$3.08
+14.4%
5.9%AU$3.30AU$2.70n/a7
Mar ’23AU$2.74
AU$3.07
+11.9%
6.0%AU$3.30AU$2.70n/a7
Feb ’23AU$2.76
AU$3.10
+12.4%
5.9%AU$3.40AU$2.77n/a7
Jan ’23AU$2.83
AU$3.08
+8.8%
5.2%AU$3.30AU$2.77AU$2.757
Dec ’22AU$2.65
AU$3.11
+17.3%
5.5%AU$3.30AU$2.77AU$2.837
Nov ’22AU$2.89
AU$3.16
+9.2%
5.9%AU$3.41AU$2.77AU$2.777
Oct ’22AU$2.91
AU$3.15
+8.2%
6.4%AU$3.41AU$2.72AU$2.377
Sep ’22AU$3.00
AU$3.15
+5.1%
6.4%AU$3.41AU$2.72AU$2.597
Aug ’22AU$2.80
AU$3.07
+9.5%
7.4%AU$3.41AU$2.66AU$2.606
Jul ’22AU$2.77
AU$3.06
+10.5%
7.3%AU$3.41AU$2.66AU$2.336
Jun ’22AU$2.73
AU$3.06
+12.2%
7.3%AU$3.41AU$2.66AU$2.516
May ’22AU$2.65
AU$3.07
+15.5%
7.3%AU$3.41AU$2.66AU$2.696
Apr ’22AU$2.66
AU$3.07
+15.0%
7.3%AU$3.41AU$2.66AU$2.696
Mar ’22AU$2.58
AU$3.15
+22.1%
8.0%AU$3.45AU$2.66AU$2.747
Feb ’22AU$2.76
AU$3.14
+13.7%
8.1%AU$3.45AU$2.66AU$2.767
Jan ’22AU$2.91
AU$3.14
+7.9%
8.1%AU$3.45AU$2.66AU$2.837

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

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