| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 3/6 |
| Past Performance | 4/6 |
| Financial Health | 1/6 |
| Dividends | 4/6 |
EMBASSY Stock Overview
Embassy Office Parks REIT owns, operates, and invests in real estate and related assets in India.
Embassy Office Parks REIT Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₹365.85 |
| 52 Week High | ₹406.95 |
| 52 Week Low | ₹327.10 |
| Beta | 0.27 |
| 1 Month Change | -0.69% |
| 3 Month Change | -1.98% |
| 1 Year Change | 6.16% |
| 3 Year Change | -3.75% |
| 5 Year Change | n/a |
| Change since IPO | 16.27% |
Recent News & Updates
Shareholder Returns
| EMBASSY | IN REITs | IN Market | |
|---|---|---|---|
| 7D | -2.7% | 0.2% | 2.3% |
| 1Y | 6.2% | -2.9% | 10.2% |
Return vs Industry: EMBASSY exceeded the Indian REITs industry which returned -2.9% over the past year.
Return vs Market: EMBASSY underperformed the Indian Market which returned 10.2% over the past year.
Price Volatility
| EMBASSY volatility | |
|---|---|
| EMBASSY Average Weekly Movement | 2.9% |
| REITs Industry Average Movement | 2.6% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in IN Market | 8.9% |
| 10% least volatile stocks in IN Market | 4.1% |
Stable Share Price: EMBASSY is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: EMBASSY's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2014 | n/a | Vikaash Khdloya | https://www.embassyofficeparks.com |
Embassy Office Parks REIT owns, operates, and invests in real estate and related assets in India. The company operates through Commercial Offices, Hospitality, and Other segments. Its property portfolio comprises office parks and office buildings.
Embassy Office Parks REIT Fundamentals Summary
| EMBASSY fundamental statistics | |
|---|---|
| Market Cap | ₹342.11b |
| Earnings (TTM) | ₹8.62b |
| Revenue (TTM) | ₹31.70b |
40.2x
P/E Ratio10.9x
P/S RatioIs EMBASSY overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| EMBASSY income statement (TTM) | |
|---|---|
| Revenue | ₹31.70b |
| Cost of Revenue | ₹4.44b |
| Gross Profit | ₹27.26b |
| Other Expenses | ₹18.64b |
| Earnings | ₹8.62b |
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 9.10 |
| Gross Margin | 85.98% |
| Net Profit Margin | 27.20% |
| Debt/Equity Ratio | 52.0% |
How did EMBASSY perform over the long term?
See historical performance and comparisonDividends
2.7%
Current Dividend Yield84%
Payout RatioValuation
Is EMBASSY undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation 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 EMBASSY?
Other financial metrics that can be useful for relative valuation.
| What is EMBASSY's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | ₹342.11b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 14.8x |
| Enterprise Value/EBITDA | 19x |
| PEG Ratio | 2.1x |
Price to Earnings Ratio vs Peers
How does EMBASSY's PE Ratio compare to its peers?
| EMBASSY PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 42.3x | ||
543217 Mindspace Business Parks REIT | 43.5x | 18.8% | ₹217.9b |
BIRET Brookfield India Real Estate Trust | 51.4x | 26.1% | ₹113.0b |
543290 Powergrid Infrastructure Investment Trust | 48.6x | n/a | ₹293.4b |
OBEROIRLTY Oberoi Realty | 25.5x | 19.8% | ₹349.9b |
EMBASSY Embassy Office Parks REIT | 40.2x | 18.7% | ₹342.1b |
Price-To-Earnings vs Peers: EMBASSY is good value based on its Price-To-Earnings Ratio (40.2x) compared to the peer average (42.3x).
Price to Earnings Ratio vs Industry
How does EMBASSY's PE Ratio compare vs other companies in the Asian REITs Industry?
Price-To-Earnings vs Industry: EMBASSY is expensive based on its Price-To-Earnings Ratio (40.2x) compared to the Asian REITs industry average (18.2x)
Price to Earnings Ratio vs Fair Ratio
What is EMBASSY'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 40.2x |
| Fair PE Ratio | 43.3x |
Price-To-Earnings vs Fair Ratio: EMBASSY is good value based on its Price-To-Earnings Ratio (40.2x) compared to the estimated Fair Price-To-Earnings Ratio (43.3x).
Share Price vs Fair Value
What is the Fair Price of EMBASSY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: EMBASSY (₹365.85) is trading below our estimate of fair value (₹455.15)
Significantly Below Fair Value: EMBASSY 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?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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Future Growth
How is Embassy Office Parks REIT forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Future Growth Score
3/6Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
18.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EMBASSY's forecast earnings growth (18.7% per year) is above the savings rate (6.8%).
Earnings vs Market: EMBASSY's earnings (18.7% per year) are forecast to grow faster than the Indian market (18.6% per year).
High Growth Earnings: EMBASSY's earnings are forecast to grow, but not significantly.
Revenue vs Market: EMBASSY's revenue (13.1% per year) is forecast to grow faster than the Indian market (10.5% per year).
High Growth Revenue: EMBASSY's revenue (13.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EMBASSY's Return on Equity is forecast to be low in 3 years time (6.1%).
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Past Performance
How has Embassy Office Parks REIT performed over the past 5 years?
Past Performance Score
4/6Past Performance Score 4/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
26.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EMBASSY has high quality earnings.
Growing Profit Margin: EMBASSY's current net profit margins (27.2%) are higher than last year (25.9%).
Past Earnings Growth Analysis
Earnings Trend: EMBASSY's earnings have grown significantly by 26.9% per year over the past 5 years.
Accelerating Growth: EMBASSY's earnings growth over the past year (23.4%) is below its 5-year average (26.9% per year).
Earnings vs Industry: EMBASSY earnings growth over the past year (23.4%) exceeded the REITs industry 19.3%.
Return on Equity
High ROE: EMBASSY's Return on Equity (3.4%) is considered low.
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Financial Health
How is Embassy Office Parks REIT's financial position?
Financial Health Score
1/6Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: EMBASSY's short term assets (₹9.5B) do not cover its short term liabilities (₹15.2B).
Long Term Liabilities: EMBASSY's short term assets (₹9.5B) do not cover its long term liabilities (₹189.1B).
Debt to Equity History and Analysis
Debt Level: EMBASSY's net debt to equity ratio (49.7%) is considered high.
Reducing Debt: EMBASSY's debt to equity ratio has reduced from 203.3% to 52% over the past 5 years.
Debt Coverage: EMBASSY's debt is not well covered by operating cash flow (18.5%).
Interest Coverage: EMBASSY's interest payments on its debt are not well covered by EBIT (2.2x coverage).
Balance Sheet
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Dividend
What is Embassy Office Parks REIT current dividend yield, its reliability and sustainability?
Dividend Score
4/6Dividend Score 4/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
2.69%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: EMBASSY's dividend (2.69%) is higher than the bottom 25% of dividend payers in the Indian market (0.39%).
High Dividend: EMBASSY's dividend (2.69%) is in the top 25% of dividend payers in the Indian market (1.68%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, EMBASSY has been paying a dividend for less than 10 years.
Growing Dividend: EMBASSY's dividend payments have increased, but the company has only paid a dividend for 3 years.
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (83.8%), EMBASSY's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (37.9%), EMBASSY's dividend payments are well covered by cash flows.
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Management
How experienced are the management team and are they aligned to shareholders interests?
1.6yrs
Average management tenure
CEO
Vikaash Khdloya
3.33yrs
Tenure
Mr. Vikaash Khdloya has been Chief Operating Officer of Embassy Office Parks Management Services Private Limited - the Manager of Embassy Office Parks REIT since April 2019 and serves as its Chief Executiv...
Leadership Team
Experienced Management: EMBASSY's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Members
Experienced Board: EMBASSY's board of directors are considered experienced (4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: EMBASSY insiders have bought and sold the same number of shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Embassy Office Parks REIT's employee growth, exchange listings and data sources
Key Information
- Name: Embassy Office Parks REIT
- Ticker: EMBASSY
- Exchange: NSEI
- Founded: 2014
- Industry: Office REITs
- Sector: Real Estate
- Implied Market Cap: ₹342.114b
- Shares outstanding: 947.89m
- Website: https://www.embassyofficeparks.com
Number of Employees
Location
- Embassy Office Parks REIT
- Royal Oaks
- Embassy Golflinks Business Park
- Bengaluru
- Karnataka
- 560071
- India
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/19 00:00 |
| End of Day Share Price | 2022/08/19 00:00 |
| Earnings | 2022/06/30 |
| Annual Earnings | 2022/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.