Axis Real Estate Investment Trust

KLSE:AXREIT Stock Report

Market Cap: RM 3.6b

Axis Real Estate Investment Trust Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • 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 AXREIT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
RM 1.27
Fair Value
41.6% overvalued intrinsic discount
9
Number of Analysts

Below Fair Value: AXREIT (MYR1.8) is trading above our estimate of fair value (MYR1.27)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for AXREIT. This is calculated by dividing AXREIT's market cap by their current earnings.
What is AXREIT's PE Ratio?
PE Ratio17.2x
EarningsRM 210.01m
Market CapRM 3.62b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for AXREIT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.5x
IGBCR IGB Commercial Real Estate Investment Trust
20.7x14.1%RM 1.3b
KLCC KLCC Property Holdings Berhad
15x-2.7%RM 15.2b
ALSREIT Al-Salam Real Estate Investment Trust
13.1x-11.0%RM 240.7m
ARREIT AmanahRaya Real Estate Investment Trust
41.4xn/aRM 212.1m
AXREIT Axis Real Estate Investment Trust
17.2x-1.3%RM 3.6b

Price-To-Earnings vs Peers: AXREIT is good value based on its Price-To-Earnings Ratio (17.2x) compared to the peer average (22.5x).

Price to Earnings Ratio vs Industry

How does AXREIT's PE Ratio compare vs other companies in the Asian REITs Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AXREIT 17.2xIndustry Avg. 14.5xNo. of Companies10PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AXREIT is expensive based on its Price-To-Earnings Ratio (17.2x) compared to the Asian REITs industry average (14.1x).

Price to Earnings Ratio vs Fair Ratio

What is AXREIT'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.

AXREIT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.2x
Fair PE Ratio14.2x

Price-To-Earnings vs Fair Ratio: AXREIT is expensive based on its Price-To-Earnings Ratio (17.2x) compared to the estimated Fair Price-To-Earnings Ratio (14.2x).

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 AXREIT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 1.80
RM 1.96
+9.1%
6.8%RM 2.10RM 1.65n/a9
Feb ’26RM 1.78
RM 1.96
+10.3%
6.8%RM 2.10RM 1.65n/a9
Jan ’26RM 1.73
RM 2.04
+17.8%
5.5%RM 2.16RM 1.80n/a9
Dec ’25RM 1.73
RM 2.04
+17.7%
5.5%RM 2.16RM 1.80n/a9
Nov ’25RM 1.79
RM 2.04
+13.8%
5.5%RM 2.16RM 1.80n/a9
Oct ’25RM 1.84
RM 2.00
+8.9%
6.5%RM 2.14RM 1.71n/a9
Sep ’25RM 1.80
RM 2.02
+12.2%
5.0%RM 2.14RM 1.84n/a9
Aug ’25RM 1.81
RM 2.01
+11.2%
5.0%RM 2.12RM 1.82n/a9
Jul ’25RM 1.83
RM 2.00
+9.5%
5.9%RM 2.17RM 1.74n/a9
Jun ’25RM 1.84
RM 2.00
+8.9%
5.9%RM 2.17RM 1.74n/a9
May ’25RM 1.92
RM 2.00
+4.1%
6.1%RM 2.17RM 1.72n/a9
Apr ’25RM 1.82
RM 1.95
+7.1%
7.6%RM 2.18RM 1.62n/a9
Mar ’25RM 1.78
RM 1.94
+9.2%
7.6%RM 2.18RM 1.62n/a9
Feb ’25RM 1.78
RM 1.95
+9.3%
7.8%RM 2.18RM 1.58RM 1.7810
Jan ’25RM 1.79
RM 2.00
+11.8%
12.4%RM 2.60RM 1.58RM 1.7310
Dec ’24RM 1.80
RM 2.00
+11.2%
12.4%RM 2.60RM 1.58RM 1.7310
Nov ’24RM 1.80
RM 2.00
+11.2%
12.4%RM 2.60RM 1.58RM 1.7910
Oct ’24RM 1.84
RM 2.06
+11.7%
11.9%RM 2.60RM 1.55RM 1.8410
Sep ’24RM 1.83
RM 2.06
+12.3%
11.9%RM 2.60RM 1.55RM 1.8010
Aug ’24RM 1.82
RM 2.06
+13.0%
11.9%RM 2.60RM 1.55RM 1.8110
Jul ’24RM 1.83
RM 2.10
+14.5%
9.2%RM 2.60RM 1.84RM 1.8310
Jun ’24RM 1.84
RM 2.10
+13.9%
9.2%RM 2.60RM 1.84RM 1.8410
May ’24RM 1.90
RM 2.12
+11.4%
9.2%RM 2.60RM 1.84RM 1.9210
Apr ’24RM 1.88
RM 2.10
+11.8%
8.8%RM 2.60RM 1.89RM 1.8210
Mar ’24RM 1.88
RM 2.10
+11.8%
8.8%RM 2.60RM 1.89RM 1.7810
Feb ’24RM 1.85
RM 2.10
+13.6%
8.8%RM 2.60RM 1.89RM 1.7810
Analyst Price Target
Consensus Narrative from 9 Analysts
RM 1.96
Fair Value
8.3% undervalued intrinsic discount
9
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/07 05:06
End of Day Share Price 2025/02/07 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Axis Real Estate Investment Trust is covered by 20 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Afifah IshakAffin Hwang Investment Bank
Ian WanAlliance Research Sdn. Bhd.
null Research DepartmentAmInvestment Bank Berhad