UPDC Real Estate Investment Trust Valuation

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

UPDCREIT (NGN5.1) is trading above our estimate of [[fair value]] (NGN1.63)

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: UPDCREIT (NGN5.1) is trading above our estimate of fair value (NGN1.63)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for UPDCREIT. This is calculated by dividing UPDCREIT's market cap by their current earnings.
What is UPDCREIT's PE Ratio?
PE Ratio	3x
Earnings	₦4.54b
Market Cap	₦13.61b

UPDCREIT 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/Revenue	2.8x
Enterprise Value/EBITDA	3.4x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for UPDCREIT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	39.9x
UHOMREIT UH Real Estate Investment Trust	9.2x	n/a	₦6.9b
TNPF Trinity Freehold and Leasehold Property Fund	5.6x	n/a	฿224.0m
YTAR Tarjar Xairo SOCIMI	143.5x	n/a	€10.2m
NNL.U Nova Net Lease REIT	1.1x	n/a	US$4.6m
UPDCREIT UPDC Real Estate Investment Trust	3x	n/a	₦13.6b

Price-To-Earnings vs Peers: UPDCREIT is good value based on its Price-To-Earnings Ratio (3x) compared to the peer average (39.9x).

Price to Earnings Ratio vs Industry

How does UPDCREIT's PE Ratio compare vs other companies in the Global REITs Industry?

10 Companies	Price / Earnings	Estimated Growth	Market Cap

10 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: UPDCREIT is good value based on its Price-To-Earnings Ratio (3x) compared to the Global REITs industry average (15.8x).

Price to Earnings Ratio vs Fair Ratio

What is UPDCREIT'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.

UPDCREIT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	3x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate UPDCREIT'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?

Analyst Forecast: Insufficient data to show price forecast.