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KIPR

KIP Real Estate Investment Trust KLSE:KIPREIT Stock Report

Last Price

RM0.88

Market Cap

RM444.7m

7D

-0.6%

1Y

4.8%

Updated

27 Jun, 2022

Data

Company Financials +
KIPREIT fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance4/6
Financial Health2/6
Dividends4/6

KIPREIT Stock Overview

Listed on the Main Market of Bursa Malaysia Securities Berhad (Bursa Malaysia) on 6 February 2017, KIP Real Estate Investment Trust (KIP REIT) is a retail focused property trust with a portfolio of community centric malls strategically located across the Malaysian Peninsula.

KIP Real Estate Investment Trust Competitors

Price History & Performance

Summary of all time highs, changes and price drops for KIP Real Estate Investment Trust
Historical stock prices
Current Share PriceRM0.88
52 Week HighRM0.92
52 Week LowRM0.81
Beta0.25
1 Month Change0.57%
3 Month Change3.53%
1 Year Change4.76%
3 Year Change3.53%
5 Year Change-4.35%
Change since IPO-11.56%

Recent News & Updates

Shareholder Returns

KIPREITMY REITsMY Market
7D-0.6%-0.4%-0.9%
1Y4.8%-2.0%-7.7%

Return vs Industry: KIPREIT exceeded the MY REITs industry which returned -1.9% over the past year.

Return vs Market: KIPREIT exceeded the MY Market which returned -8.7% over the past year.

Price Volatility

Is KIPREIT's price volatile compared to industry and market?
KIPREIT volatility
KIPREIT Average Weekly Movement1.5%
REITs Industry Average Movement2.5%
Market Average Movement5.6%
10% most volatile stocks in MY Market11.4%
10% least volatile stocks in MY Market2.8%

Stable Share Price: KIPREIT is less volatile than 75% of MY stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: KIPREIT's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a10n/ahttps://www.kipreit.com.my

Listed on the Main Market of Bursa Malaysia Securities Berhad (Bursa Malaysia) on 6 February 2017, KIP Real Estate Investment Trust (KIP REIT) is a retail focused property trust with a portfolio of community centric malls strategically located across the Malaysian Peninsula. The initial portfolio at listing consists of six community-centric KIPMalls strategically located in populated suburban area in Johor, Negeri Sembilan, Melaka and Selangor. As at June 30 2020, the Total Asset Under Management stood at RM841.8 million.

KIP Real Estate Investment Trust Fundamentals Summary

How do KIP Real Estate Investment Trust's earnings and revenue compare to its market cap?
KIPREIT fundamental statistics
Market CapRM444.66m
Earnings (TTM)RM35.81m
Revenue (TTM)RM73.88m

12.4x

P/E Ratio

6.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KIPREIT income statement (TTM)
RevenueRM73.88m
Cost of RevenueRM15.98m
Gross ProfitRM57.90m
Other ExpensesRM22.09m
EarningsRM35.81m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.071
Gross Margin78.37%
Net Profit Margin48.47%
Debt/Equity Ratio60.5%

How did KIPREIT perform over the long term?

See historical performance and comparison

Dividends

7.8%

Current Dividend Yield

67%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

KIPREIT 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/Revenue9.8x
Enterprise Value/EBITDA14.5x
PEG Ratio-7.8x

Price to Earnings Ratio vs Peers

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

KIPREIT PE Ratio vs Peers
The above table shows the PE ratio for KIPREIT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average22.5x
PAVREIT Pavilion Real Estate Investment Trust
25.3x8.4%RM4.0b
SUNREIT Sunway Real Estate Investment Trust
28.1x9.5%RM5.0b
IGBREIT IGB Real Estate Investment Trust
23.1x8.1%RM5.6b
ARREIT AmanahRaya Real Estate Investment Trust
13.6xn/aRM364.0m
KIPREIT KIP Real Estate Investment Trust
12.4x-1.6%RM444.7m

Price-To-Earnings vs Peers: KIPREIT is good value based on its Price-To-Earnings Ratio (12.4x) compared to the peer average (22.5x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: KIPREIT is good value based on its Price-To-Earnings Ratio (12.4x) compared to the MY REITs industry average (18.2x)


Price to Earnings Ratio vs Fair Ratio

What is KIPREIT'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.

KIPREIT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.4x
Fair PE Ratio12.9x

Price-To-Earnings vs Fair Ratio: KIPREIT is good value based on its Price-To-Earnings Ratio (12.4x) compared to the estimated Fair Price-To-Earnings Ratio (12.9x).


Share Price vs Fair Value

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

Below Fair Value: KIPREIT (MYR0.88) is trading below our estimate of fair value (MYR2.13)

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


Price to Earnings Growth Ratio

PEG Ratio: KIPREIT's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


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Future Growth

How is KIP Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-1.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KIPREIT's earnings are forecast to decline over the next 3 years (-1.6% per year).

Earnings vs Market: KIPREIT's earnings are forecast to decline over the next 3 years (-1.6% per year).

High Growth Earnings: KIPREIT's earnings are forecast to decline over the next 3 years.

Revenue vs Market: KIPREIT's revenue (1.3% per year) is forecast to grow slower than the MY market (5.2% per year).

High Growth Revenue: KIPREIT's revenue (1.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: KIPREIT's Return on Equity is forecast to be low in 3 years time (6.5%).


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Past Performance

How has KIP Real Estate Investment Trust performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-3.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: KIPREIT has high quality earnings.

Growing Profit Margin: KIPREIT's current net profit margins (48.5%) are higher than last year (29.2%).


Past Earnings Growth Analysis

Earnings Trend: KIPREIT's earnings have declined by 3.6% per year over the past 5 years.

Accelerating Growth: KIPREIT's earnings growth over the past year (70.9%) exceeds its 5-year average (-3.6% per year).

Earnings vs Industry: KIPREIT earnings growth over the past year (70.9%) exceeded the REITs industry 43.9%.


Return on Equity

High ROE: KIPREIT's Return on Equity (7%) is considered low.


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Financial Health

How is KIP Real Estate Investment Trust's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: KIPREIT's short term assets (MYR32.8M) exceed its short term liabilities (MYR16.5M).

Long Term Liabilities: KIPREIT's short term assets (MYR32.8M) do not cover its long term liabilities (MYR315.1M).


Debt to Equity History and Analysis

Debt Level: KIPREIT's net debt to equity ratio (55%) is considered high.

Reducing Debt: Insufficient data to determine if KIPREIT's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: KIPREIT's debt is not well covered by operating cash flow (16.4%).

Interest Coverage: KIPREIT's interest payments on its debt are well covered by EBIT (3.8x coverage).


Balance Sheet


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Dividend

What is KIP Real Estate Investment Trust current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


7.77%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: KIPREIT's dividend (7.77%) is higher than the bottom 25% of dividend payers in the MY market (2.15%).

High Dividend: KIPREIT's dividend (7.77%) is in the top 25% of dividend payers in the MY market (4.94%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, KIPREIT has been paying a dividend for less than 10 years.

Growing Dividend: KIPREIT has only been paying a dividend for 5 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (67.5%), KIPREIT's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (71.5%), KIPREIT's dividend payments are covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

5.3yrs

Average management tenure


CEO

KIP Real Estate Investment Trust has no CEO, or we have no data on them.


Leadership Team

Experienced Management: KIPREIT's management team is seasoned and experienced (5.3 years average tenure).


Board Members

Experienced Board: KIPREIT's board of directors are considered experienced (4.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

KIP Real Estate Investment Trust's employee growth, exchange listings and data sources


Key Information

  • Name: KIP Real Estate Investment Trust
  • Ticker: KIPREIT
  • Exchange: KLSE
  • Founded: NaN
  • Industry: Retail REITs
  • Sector: Real Estate
  • Implied Market Cap: RM444.664m
  • Shares outstanding: 505.30m
  • Website: https://www.kipreit.com.my

Number of Employees


Location

  • KIP Real Estate Investment Trust
  • Tingkat 6, Menara KIP
  • Unit B-6, Block B
  • Kuala Lumpur
  • Wilayah Persekutuan
  • 68100
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/27 00:00
End of Day Share Price2022/06/27 00:00
Earnings2022/03/31
Annual Earnings2021/06/30


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.