Plaza Retail REIT Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 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$3.62) is trading below our estimate of fair value (CA$4.85)

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


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/Revenue9.1x
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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.7x
SGR.UN Slate Grocery REIT
32.8xn/aCA$677.2m
PMZ.UN Primaris Real Estate Investment Trust
13xn/aCA$1.3b
CRR.UN Crombie Real Estate Investment Trust
25.5xn/aCA$2.5b
CRT.UN CT Real Estate Investment Trust
31.5xn/aCA$3.3b
PLZ.UN Plaza Retail REIT
19.8xn/aCA$398.1m

Price-To-Earnings vs Peers: PLZ.UN is good value based on its Price-To-Earnings Ratio (19.8x) compared to the peer average (25.7x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a6.1%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a6.1%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: PLZ.UN is good value based on its Price-To-Earnings Ratio (19.8x) compared to the North American Retail REITs industry average (30.8x).


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 Ratio19.8x
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.


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$3.62
CA$4.08
+12.8%
2.9%CA$4.25CA$4.00n/a3
Mar ’25CA$3.54
CA$4.08
+15.3%
2.9%CA$4.25CA$4.00n/a3
Jan ’25CA$3.68
CA$4.33
+17.8%
2.7%CA$4.50CA$4.25n/a3
Dec ’24CA$3.51
CA$4.33
+23.5%
2.7%CA$4.50CA$4.25n/a3
Nov ’24CA$3.50
CA$4.58
+31.0%
2.6%CA$4.75CA$4.50n/a3
Oct ’24CA$3.61
CA$4.58
+27.0%
2.6%CA$4.75CA$4.50n/a3
Sep ’24CA$3.86
CA$4.56
+18.2%
2.4%CA$4.75CA$4.50n/a4
Aug ’24CA$3.90
CA$4.75
+21.8%
3.7%CA$5.00CA$4.50n/a4
Jul ’24CA$3.97
CA$4.75
+19.6%
3.7%CA$5.00CA$4.50n/a4
Jun ’24CA$3.97
CA$4.75
+19.6%
3.7%CA$5.00CA$4.50n/a4
May ’24CA$4.08
CA$4.92
+20.5%
8.6%CA$5.50CA$4.50n/a3
Apr ’24CA$4.17
CA$4.92
+17.9%
8.6%CA$5.50CA$4.50n/a3
Mar ’24CA$4.84
CA$5.00
+3.3%
7.1%CA$5.50CA$4.50CA$3.544
Feb ’24CA$4.71
CA$4.63
-1.8%
2.7%CA$4.75CA$4.50CA$3.694
Jan ’24CA$4.48
CA$4.63
+3.2%
2.7%CA$4.75CA$4.50CA$3.686
Dec ’23CA$4.40
CA$4.67
+6.1%
4.0%CA$5.00CA$4.50CA$3.516
Nov ’23CA$4.17
CA$4.63
+10.9%
8.1%CA$5.25CA$4.00CA$3.506
Oct ’23CA$3.92
CA$4.71
+20.1%
7.1%CA$5.25CA$4.25CA$3.616
Sep ’23CA$4.14
CA$4.71
+13.7%
7.1%CA$5.25CA$4.25CA$3.866
Aug ’23CA$4.20
CA$4.83
+15.1%
9.3%CA$5.50CA$4.25CA$3.906
Jul ’23CA$4.19
CA$5.19
+23.9%
5.3%CA$5.65CA$5.00CA$3.976
Jun ’23CA$4.74
CA$5.19
+9.5%
5.3%CA$5.65CA$5.00CA$3.976
May ’23CA$4.79
CA$5.19
+8.4%
5.3%CA$5.65CA$5.00CA$4.086
Apr ’23CA$5.03
CA$5.16
+2.7%
5.1%CA$5.65CA$5.00CA$4.177
Mar ’23CA$4.79
CA$5.13
+7.1%
5.8%CA$5.65CA$4.75CA$4.847

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


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