CapitaLand Investment Limited

SGX:9CI Stock Report

Market Cap: S$15.1b

CapitaLand Investment Valuation

Is 9CI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 9CI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 9CI (SGD3.02) is trading above our estimate of fair value (SGD1.19)

Significantly Below Fair Value: 9CI is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 9CI?

Other financial metrics that can be useful for relative valuation.

9CI 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/Revenue10.5x
Enterprise Value/EBITDA32.6x
PEG Ratio3.6x

Price to Earnings Ratio vs Peers

How does 9CI's PE Ratio compare to its peers?

The above table shows the PE ratio for 9CI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.7x
CY6U CapitaLand India Trust
8.5x3.8%S$1.5b
H30 Hong Fok
8xn/aS$680.0m
OU8 Centurion
3x-28.9%S$702.1m
BTE Bund Center Investment
27.3xn/aS$330.1m
9CI CapitaLand Investment
93.6x26.4%S$15.1b

Price-To-Earnings vs Peers: 9CI is expensive based on its Price-To-Earnings Ratio (93.6x) compared to the peer average (11.7x).


Price to Earnings Ratio vs Industry

How does 9CI's PE Ratio compare vs other companies in the SG Real Estate Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a30.2%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a30.2%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: 9CI is expensive based on its Price-To-Earnings Ratio (93.6x) compared to the SG Real Estate industry average (12.5x).


Price to Earnings Ratio vs Fair Ratio

What is 9CI'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.

9CI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio93.6x
Fair PE Ratio25.1x

Price-To-Earnings vs Fair Ratio: 9CI is expensive based on its Price-To-Earnings Ratio (93.6x) compared to the estimated Fair Price-To-Earnings Ratio (25.1x).


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 9CI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentS$3.02
S$3.58
+18.4%
10.3%S$4.30S$3.03n/a14
Oct ’25S$3.08
S$3.61
+17.0%
10.7%S$4.30S$3.03n/a14
Sep ’25S$2.71
S$3.59
+32.4%
10.8%S$4.30S$2.85n/a15
Aug ’25S$2.71
S$3.74
+37.9%
10.0%S$4.30S$3.00n/a15
Jul ’25S$2.65
S$3.74
+41.0%
10.0%S$4.30S$3.00n/a15
Jun ’25S$2.66
S$3.79
+42.6%
10.8%S$4.44S$3.00n/a15
May ’25S$2.66
S$3.79
+42.6%
10.8%S$4.44S$3.00n/a15
Apr ’25S$2.70
S$3.80
+40.9%
10.3%S$4.44S$3.03n/a15
Mar ’25S$2.71
S$3.87
+42.8%
8.7%S$4.44S$3.15n/a15
Feb ’25S$2.91
S$3.93
+35.2%
9.3%S$4.57S$3.30n/a16
Jan ’25S$3.16
S$3.94
+24.8%
9.5%S$4.57S$3.30n/a16
Dec ’24S$3.05
S$3.93
+28.8%
9.3%S$4.57S$3.30n/a16
Nov ’24S$2.94
S$4.06
+38.0%
8.4%S$4.57S$3.47n/a15
Oct ’24S$3.10
S$4.07
+31.4%
8.6%S$4.57S$3.47S$3.0815
Sep ’24S$3.24
S$4.09
+26.2%
8.8%S$4.57S$3.47S$2.7115
Aug ’24S$3.42
S$4.19
+22.4%
6.5%S$4.68S$3.65S$2.7115
Jul ’24S$3.31
S$4.21
+27.3%
6.5%S$4.68S$3.65S$2.6515
Jun ’24S$3.31
S$4.25
+28.5%
5.7%S$4.68S$3.65S$2.6614
May ’24S$3.72
S$4.23
+13.7%
6.1%S$4.61S$3.65S$2.6614
Apr ’24S$3.68
S$4.24
+15.3%
6.2%S$4.68S$3.65S$2.7014
Mar ’24S$3.69
S$4.26
+15.6%
6.1%S$4.67S$3.65S$2.7115
Feb ’24S$3.97
S$4.28
+7.8%
6.1%S$4.67S$3.59S$2.9115
Jan ’24S$3.70
S$4.29
+15.9%
6.1%S$4.67S$3.59S$3.1615
Dec ’23S$3.72
S$4.28
+14.9%
6.1%S$4.67S$3.59S$3.0516
Nov ’23S$3.10
S$4.35
+40.3%
3.8%S$4.67S$4.05S$2.9416
Oct ’23S$3.47
S$4.36
+25.6%
4.1%S$4.67S$4.05S$3.1016

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


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