Charter Hall Retail REIT

CHIA:CQR Stock Report

Market Cap: AU$2.0b

Charter Hall Retail REIT Valuation

Is CQR 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-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 CQR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CQR (A$3.46) is trading below our estimate of fair value (A$4.52)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CQR. This is calculated by dividing CQR's market cap by their current earnings.
What is CQR's PE Ratio?
PE Ratio117.6x
EarningsAU$17.20m
Market CapAU$2.02b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CQR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average53.1x
BWP BWP Trust
13.7x-3.8%AU$2.5b
RGN Region Group
148.5x21.3%AU$2.6b
HDN HomeCo Daily Needs REIT
32x20.0%AU$2.6b
VCX Vicinity Centres
18.3x6.3%AU$10.0b
CQR Charter Hall Retail REIT
117.6x22.3%AU$2.0b

Price-To-Earnings vs Peers: CQR is expensive based on its Price-To-Earnings Ratio (117.6x) compared to the peer average (53.1x).

Price to Earnings Ratio vs Industry

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

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CQR 117.6xIndustry Avg. 20.8xNo. of Companies13PE01632486480+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CQR is expensive based on its Price-To-Earnings Ratio (117.6x) compared to the Global Retail REITs industry average (20.8x).

Price to Earnings Ratio vs Fair Ratio

What is CQR'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.

CQR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio117.6x
Fair PE Ratio24.4x

Price-To-Earnings vs Fair Ratio: CQR is expensive based on its Price-To-Earnings Ratio (117.6x) compared to the estimated Fair Price-To-Earnings Ratio (24.4x).

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 CQR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$3.46
AU$3.90
+12.6%
5.7%AU$4.30AU$3.42n/a10
Nov ’25AU$3.36
AU$3.90
+16.0%
5.7%AU$4.30AU$3.42n/a10
Oct ’25AU$3.60
AU$3.88
+7.7%
5.3%AU$4.30AU$3.42n/a10
Sep ’25AU$3.62
AU$3.81
+5.1%
6.7%AU$4.30AU$3.32n/a11
Aug ’25AU$3.50
AU$3.80
+8.5%
7.5%AU$4.30AU$3.32n/a11
Jul ’25AU$3.19
AU$3.81
+19.6%
6.8%AU$4.30AU$3.32n/a11
Jun ’25AU$3.28
AU$3.84
+17.0%
7.1%AU$4.30AU$3.32n/a11
May ’25AU$3.31
AU$3.84
+15.9%
6.5%AU$4.30AU$3.32n/a12
Apr ’25AU$3.70
AU$3.83
+3.5%
6.5%AU$4.30AU$3.32n/a12
Mar ’25AU$3.56
AU$3.83
+7.5%
6.5%AU$4.30AU$3.32n/a12
Feb ’25AU$3.63
AU$3.81
+5.0%
6.3%AU$4.30AU$3.50n/a11
Jan ’25AU$3.60
AU$3.79
+5.4%
8.2%AU$4.30AU$3.28n/a11
Dec ’24AU$3.20
AU$3.77
+17.9%
9.2%AU$4.30AU$3.17n/a11
Nov ’24AU$3.10
AU$3.94
+26.9%
6.0%AU$4.30AU$3.55AU$3.3611
Oct ’24AU$3.16
AU$3.99
+26.1%
5.2%AU$4.30AU$3.61AU$3.6011
Sep ’24AU$3.45
AU$4.02
+16.4%
5.7%AU$4.40AU$3.61AU$3.6212
Aug ’24AU$3.81
AU$4.16
+9.3%
5.2%AU$4.46AU$3.71AU$3.5012
Jul ’24AU$3.61
AU$4.27
+18.2%
4.5%AU$4.55AU$3.86AU$3.1912
Jun ’24AU$3.74
AU$4.31
+15.1%
3.3%AU$4.55AU$4.10AU$3.2812
May ’24AU$3.89
AU$4.31
+10.7%
3.3%AU$4.55AU$4.10AU$3.3112
Apr ’24AU$3.76
AU$4.31
+14.6%
3.4%AU$4.55AU$4.10AU$3.7012
Mar ’24AU$4.00
AU$4.30
+7.4%
3.5%AU$4.55AU$4.10AU$3.5613
Feb ’24AU$4.07
AU$4.24
+4.3%
4.0%AU$4.55AU$3.85AU$3.6313
Jan ’24AU$3.86
AU$4.19
+8.6%
4.5%AU$4.55AU$3.75AU$3.6014
Dec ’23AU$4.07
AU$4.20
+3.1%
4.6%AU$4.55AU$3.75AU$3.2014
Nov ’23AU$4.08
AU$4.26
+4.4%
3.2%AU$4.55AU$4.00AU$3.1014

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

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