Hektar Real Estate Investment Trust

KLSE:HEKTAR Stock Report

Market Cap: RM 378.1m

Hektar Real Estate Investment Trust Valuation

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

Below Fair Value: HEKTAR (MYR0.54) is trading below our estimate of fair value (MYR0.61)

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

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

HEKTAR 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/Revenue7.6x
Enterprise Value/EBITDA18.2x
PEG Ratio-0.9x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for HEKTAR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.9x
KIPREIT KIP Real Estate Investment Trust
12.2x2.6%RM 572.2m
CLMT CapitaLand Malaysia Trust
10.5x-7.8%RM 2.0b
PAVREIT Pavilion Real Estate Investment Trust
12.2x-4.3%RM 5.6b
SUNREIT Sunway Real Estate Investment Trust
16.6x2.6%RM 6.4b
HEKTAR Hektar Real Estate Investment Trust
7.9x-9.2%RM 378.1m

Price-To-Earnings vs Peers: HEKTAR is good value based on its Price-To-Earnings Ratio (7.9x) compared to the peer average (12.9x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a1.3%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a1.3%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: HEKTAR is good value based on its Price-To-Earnings Ratio (7.9x) compared to the Asian Retail REITs industry average (14.5x).

Price to Earnings Ratio vs Fair Ratio

What is HEKTAR'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.

HEKTAR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.9x
Fair PE Ratio11.7x

Price-To-Earnings vs Fair Ratio: HEKTAR is good value based on its Price-To-Earnings Ratio (7.9x) compared to the estimated Fair Price-To-Earnings Ratio (11.7x).

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 HEKTAR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 0.54
RM 0.52
-2.8%
23.1%RM 0.64RM 0.40n/a2
Oct ’25RM 0.52
RM 0.52
+1.0%
23.1%RM 0.64RM 0.40n/a2
Sep ’25RM 0.55
RM 0.52
-4.6%
23.1%RM 0.64RM 0.40n/a2
Aug ’25RM 0.56
RM 0.57
+1.8%
12.3%RM 0.64RM 0.50n/a2
Jul ’25RM 0.59
RM 0.57
-4.2%
12.3%RM 0.64RM 0.50n/a2
Jun ’25RM 0.64
RM 0.57
-10.9%
12.3%RM 0.64RM 0.50n/a2
May ’25RM 0.68
RM 0.63
-8.1%
7.2%RM 0.67RM 0.58n/a2
Apr ’25RM 0.64
RM 0.63
-1.6%
7.2%RM 0.67RM 0.58n/a2
Mar ’25RM 0.61
RM 0.63
+1.6%
7.2%RM 0.67RM 0.58n/a2
Feb ’25RM 0.65
RM 0.66
+0.8%
8.4%RM 0.71RM 0.60n/a2
Jan ’25RM 0.65
RM 0.66
+0.8%
8.4%RM 0.71RM 0.60n/a2
Dec ’24RM 0.62
RM 0.66
+5.6%
8.4%RM 0.71RM 0.60n/a2
Nov ’24RM 0.61
RM 0.68
+10.7%
11.1%RM 0.75RM 0.60RM 0.542
Oct ’24RM 0.60
RM 0.68
+11.6%
11.1%RM 0.75RM 0.60RM 0.522
Sep ’24RM 0.63
RM 0.70
+11.9%
14.9%RM 0.81RM 0.60RM 0.552
Aug ’24RM 0.63
RM 0.70
+11.9%
14.9%RM 0.81RM 0.60RM 0.562
Jul ’24RM 0.68
RM 0.75
+11.1%
14.2%RM 0.84RM 0.60RM 0.593
Jun ’24RM 0.66
RM 0.82
+25.0%
1.8%RM 0.84RM 0.81RM 0.642
May ’24RM 0.69
RM 0.82
+19.6%
1.8%RM 0.84RM 0.81RM 0.682
Apr ’24RM 0.69
RM 0.82
+20.4%
1.8%RM 0.84RM 0.81RM 0.642
Mar ’24RM 0.69
RM 0.82
+18.7%
1.8%RM 0.84RM 0.81RM 0.612
Feb ’24RM 0.72
RM 0.82
+13.8%
1.8%RM 0.84RM 0.81RM 0.652

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

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