CapitaLand China Trust

SGX:AU8U Stock Report

Market Cap: S$1.2b

CapitaLand China Trust Valuation

Is AU8U undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 AU8U when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AU8U (SGD0.7) is trading below our estimate of fair value (SGD1.37)

Significantly Below Fair Value: AU8U is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AU8U?

Key metric: As AU8U is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AU8U. This is calculated by dividing AU8U's market cap by their current earnings.
What is AU8U's PE Ratio?
PE Ratio76.7x
EarningsS$15.71m
Market CapS$1.20b

Price to Earnings Ratio vs Peers

How does AU8U's PE Ratio compare to its peers?

The above table shows the PE ratio for AU8U vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.9x
P40U Starhill Global Real Estate Investment Trust
17.7x15.0%S$1.1b
CRPU Sasseur Real Estate Investment Trust
13.8x9.6%S$850.5m
SK6U Paragon REIT
9.6x-20.9%S$2.4b
JYEU Lendlease Global Commercial REIT
22.5x9.4%S$1.3b
AU8U CapitaLand China Trust
76.7x37.2%S$1.2b

Price-To-Earnings vs Peers: AU8U is expensive based on its Price-To-Earnings Ratio (76.7x) compared to the peer average (15.9x).

Price to Earnings Ratio vs Industry

How does AU8U's PE Ratio compare vs other companies in the Asian Retail REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AU8U 76.7xIndustry Avg. 13.8xNo. of Companies5PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AU8U is expensive based on its Price-To-Earnings Ratio (76.7x) compared to the Asian Retail REITs industry average (13.8x).

Price to Earnings Ratio vs Fair Ratio

What is AU8U'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.

AU8U PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio76.7x
Fair PE Ratio25.9x

Price-To-Earnings vs Fair Ratio: AU8U is expensive based on its Price-To-Earnings Ratio (76.7x) compared to the estimated Fair Price-To-Earnings Ratio (25.9x).

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 AU8U forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentS$0.70
S$0.90
+28.9%
3.9%S$0.95S$0.85n/a4
Dec ’25S$0.71
S$0.90
+26.2%
3.9%S$0.95S$0.85n/a4
Nov ’25S$0.76
S$0.90
+19.5%
3.9%S$0.95S$0.85n/a4
Oct ’25S$0.83
S$0.91
+9.0%
2.8%S$0.95S$0.88n/a4
Sep ’25S$0.69
S$0.91
+30.9%
2.8%S$0.95S$0.88n/a4
Aug ’25S$0.69
S$0.97
+39.9%
11.4%S$1.16S$0.88n/a4
Jul ’25S$0.67
S$0.97
+45.1%
11.4%S$1.16S$0.88n/a4
Jun ’25S$0.67
S$0.96
+43.6%
10.6%S$1.16S$0.88n/a5
May ’25S$0.67
S$0.96
+44.7%
10.6%S$1.16S$0.88n/a5
Apr ’25S$0.74
S$1.02
+38.4%
9.7%S$1.16S$0.90n/a5
Mar ’25S$0.74
S$1.05
+42.4%
7.4%S$1.16S$0.92n/a5
Feb ’25S$0.82
S$1.05
+27.8%
7.4%S$1.16S$0.92n/a5
Jan ’25S$0.93
S$1.10
+18.5%
10.5%S$1.25S$0.92n/a5
Dec ’24S$0.82
S$1.09
+33.4%
10.8%S$1.25S$0.92S$0.715
Nov ’24S$0.79
S$1.14
+45.7%
12.2%S$1.30S$0.92S$0.765
Oct ’24S$0.89
S$1.28
+44.2%
6.9%S$1.40S$1.13S$0.835
Sep ’24S$0.91
S$1.28
+41.0%
6.9%S$1.40S$1.13S$0.695
Aug ’24S$1.04
S$1.30
+24.6%
7.8%S$1.40S$1.13S$0.695
Jul ’24S$1.02
S$1.31
+28.6%
8.4%S$1.45S$1.13S$0.675
Jun ’24S$1.01
S$1.31
+29.9%
8.4%S$1.45S$1.13S$0.675
May ’24S$1.11
S$1.31
+18.2%
8.4%S$1.45S$1.13S$0.675
Apr ’24S$1.12
S$1.32
+18.0%
7.5%S$1.45S$1.16S$0.745
Mar ’24S$1.18
S$1.32
+12.0%
7.5%S$1.45S$1.16S$0.745
Feb ’24S$1.25
S$1.28
+2.0%
9.3%S$1.45S$1.08S$0.825
Jan ’24S$1.12
S$1.25
+11.7%
9.8%S$1.45S$1.08S$0.935
Dec ’23S$1.14
S$1.27
+11.5%
10.2%S$1.45S$1.08S$0.825

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 12:45
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

CapitaLand China Trust is covered by 13 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Samuel James Hugh WarwoodBofA Global Research
Peter BaiChina International Capital Corporation Limited
David LumDaiwa Securities Co. Ltd.