We’ve recently updated our valuation analysis.

Plaza Retail REIT Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 PLZ.UN?

Other financial metrics that can be useful for relative valuation.

PLZ.UN 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/Revenue10.2x
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does PLZ.UN's PE Ratio compare to its peers?

The above table shows the PE ratio for PLZ.UN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average42.6x
SGR.UN Slate Grocery REIT
5.2xn/aCA$951.1m
PMZ.UN Primaris Real Estate Investment Trust
124xn/aCA$1.5b
CRR.UN Crombie Real Estate Investment Trust
18.7xn/aCA$3.0b
CRT.UN CT Real Estate Investment Trust
22.6xn/aCA$3.9b
PLZ.UN Plaza Retail REIT
5.9xn/aCA$477.8m

Price-To-Earnings vs Peers: PLZ.UN is good value based on its Price-To-Earnings Ratio (5.9x) compared to the peer average (42.6x).


Price to Earnings Ratio vs Industry

How does PLZ.UN's PE Ratio compare vs other companies in the CA REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-8.2%
n/an/an/a

Price-To-Earnings vs Industry: PLZ.UN is expensive based on its Price-To-Earnings Ratio (5.9x) compared to the Canadian REITs industry average (5.4x)


Price to Earnings Ratio vs Fair Ratio

What is PLZ.UN'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.

PLZ.UN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate PLZ.UN's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: PLZ.UN (CA$4.64) is trading below our estimate of fair value (CA$5.03)

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


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 PLZ.UN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$4.64
CA$4.63
-0.3%
2.7%CA$4.75CA$4.50n/a4
Jan ’24CA$4.48
CA$4.63
+3.2%
2.7%CA$4.75CA$4.50n/a6
Dec ’23CA$4.40
CA$4.67
+6.1%
4.0%CA$5.00CA$4.50n/a6
Nov ’23CA$4.17
CA$4.63
+10.9%
8.1%CA$5.25CA$4.00n/a6
Oct ’23CA$3.92
CA$4.71
+20.1%
7.1%CA$5.25CA$4.25n/a6
Sep ’23CA$4.14
CA$4.71
+13.7%
7.1%CA$5.25CA$4.25n/a6
Aug ’23CA$4.20
CA$4.83
+15.1%
9.3%CA$5.50CA$4.25n/a6
Jul ’23CA$4.19
CA$5.19
+23.9%
5.3%CA$5.65CA$5.00n/a6
Jun ’23CA$4.74
CA$5.19
+9.5%
5.3%CA$5.65CA$5.00n/a6
May ’23CA$4.79
CA$5.19
+8.4%
5.3%CA$5.65CA$5.00n/a6
Apr ’23CA$5.03
CA$5.16
+2.7%
5.1%CA$5.65CA$5.00n/a7
Mar ’23CA$4.79
CA$5.13
+7.1%
5.8%CA$5.65CA$4.75n/a7
Feb ’23CA$4.70
CA$4.89
+4.1%
2.5%CA$5.00CA$4.75n/a7
Jan ’23CA$4.72
CA$4.88
+3.3%
2.6%CA$5.00CA$4.75CA$4.486
Dec ’22CA$4.55
CA$4.88
+7.1%
2.6%CA$5.00CA$4.75CA$4.406
Nov ’22CA$4.58
CA$4.75
+3.7%
3.0%CA$5.00CA$4.50CA$4.176
Oct ’22CA$4.55
CA$4.75
+4.4%
3.0%CA$5.00CA$4.50CA$3.926
Sep ’22CA$4.59
CA$4.75
+3.5%
3.0%CA$5.00CA$4.50CA$4.146
Aug ’22CA$4.50
CA$4.46
-0.9%
5.0%CA$4.75CA$4.25CA$4.206
Jul ’22CA$4.60
CA$4.25
-7.6%
3.4%CA$4.50CA$4.00CA$4.196
Jun ’22CA$4.48
CA$4.21
-6.1%
2.2%CA$4.25CA$4.00CA$4.746
May ’22CA$3.94
CA$4.04
+2.6%
4.3%CA$4.25CA$3.75CA$4.796
Apr ’22CA$3.96
CA$4.04
+2.1%
4.3%CA$4.25CA$3.75CA$5.036
Mar ’22CA$3.82
CA$3.96
+3.6%
4.3%CA$4.25CA$3.75CA$4.796
Feb ’22CA$3.62
CA$3.79
+4.7%
4.5%CA$4.00CA$3.50CA$4.706
Jan ’22CA$3.61
CA$3.66
+1.3%
6.9%CA$4.00CA$3.20CA$4.726

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


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