Frasers Logistics & Commercial Trust

SGX:BUOU Stock Report

Market Cap: S$3.3b

Frasers Logistics & Commercial Trust Valuation

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

Below Fair Value: BUOU (SGD0.88) is trading below our estimate of fair value (SGD0.98)

Significantly Below Fair Value: BUOU 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 BUOU?

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

The above table shows the Price to Earnings ratio for BUOU. This is calculated by dividing BUOU's market cap by their current earnings.
What is BUOU's PE Ratio?
PE Ratio22.3x
EarningsS$147.53m
Market CapS$3.29b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BUOU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average45.3x
M44U Mapletree Logistics Trust
25.2x11.9%S$6.4b
ME8U Mapletree Industrial Trust
52.6x21.2%S$6.3b
O5RU AIMS APAC REIT
23.2x21.1%S$1.0b
A17U CapitaLand Ascendas REIT
80.1x23.0%S$11.3b
BUOU Frasers Logistics & Commercial Trust
22.3x11.1%S$3.3b

Price-To-Earnings vs Peers: BUOU is good value based on its Price-To-Earnings Ratio (22.3x) compared to the peer average (45.3x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
BUOU 22.3xIndustry Avg. 20.5xNo. of Companies7PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BUOU is expensive based on its Price-To-Earnings Ratio (22.3x) compared to the Asian Industrial REITs industry average (20.5x).

Price to Earnings Ratio vs Fair Ratio

What is BUOU'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.

BUOU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.3x
Fair PE Ratio20.4x

Price-To-Earnings vs Fair Ratio: BUOU is expensive based on its Price-To-Earnings Ratio (22.3x) compared to the estimated Fair Price-To-Earnings Ratio (20.4x).

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 BUOU forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentS$0.88
S$1.16
+32.5%
12.7%S$1.40S$0.83n/a10
Dec ’25S$0.91
S$1.19
+30.2%
12.8%S$1.43S$0.85n/a10
Nov ’25S$1.07
S$1.26
+18.2%
9.5%S$1.49S$1.14n/a9
Oct ’25S$1.16
S$1.28
+10.6%
9.2%S$1.50S$1.15n/a9
Sep ’25S$1.09
S$1.25
+14.2%
9.2%S$1.43S$1.13n/a8
Aug ’25S$1.02
S$1.21
+18.9%
8.6%S$1.41S$1.06n/a9
Jul ’25S$0.94
S$1.27
+34.2%
11.0%S$1.55S$1.10n/a9
Jun ’25S$0.99
S$1.26
+27.0%
10.8%S$1.56S$1.10n/a10
May ’25S$0.99
S$1.40
+41.0%
32.1%S$2.72S$1.15n/a10
Apr ’25S$1.06
S$1.39
+31.4%
32.0%S$2.69S$1.14n/a10
Mar ’25S$1.03
S$1.27
+23.7%
11.2%S$1.62S$1.14n/a10
Feb ’25S$1.09
S$1.29
+17.9%
11.0%S$1.62S$1.13n/a11
Jan ’25S$1.15
S$1.29
+11.8%
8.3%S$1.49S$1.14n/a11
Dec ’24S$1.09
S$1.31
+20.4%
10.2%S$1.50S$1.11S$0.9111
Nov ’24S$1.04
S$1.32
+27.3%
11.7%S$1.50S$0.98S$1.0711
Oct ’24S$1.07
S$1.34
+25.1%
10.6%S$1.51S$1.05S$1.1610
Sep ’24S$1.20
S$1.40
+17.1%
7.2%S$1.52S$1.18S$1.0911
Aug ’24S$1.24
S$1.43
+15.2%
5.8%S$1.53S$1.24S$1.0211
Jul ’24S$1.25
S$1.46
+16.5%
5.8%S$1.56S$1.26S$0.9411
Jun ’24S$1.28
S$1.42
+10.9%
6.1%S$1.53S$1.24S$0.9911
May ’24S$1.35
S$1.37
+1.3%
7.7%S$1.52S$1.17S$0.9912
Apr ’24S$1.31
S$1.35
+2.8%
7.4%S$1.51S$1.17S$1.0612
Mar ’24S$1.26
S$1.38
+9.8%
7.6%S$1.57S$1.21S$1.0311
Feb ’24S$1.30
S$1.36
+4.6%
8.1%S$1.56S$1.22S$1.0911
Jan ’24S$1.16
S$1.34
+15.6%
7.4%S$1.54S$1.20S$1.1511
Dec ’23S$1.14
S$1.37
+20.2%
8.4%S$1.56S$1.20S$1.0911

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 Analysis2024/12/26 18:18
End of Day Share Price 2024/12/26 00:00
Earnings2024/09/30
Annual Earnings2024/09/30

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

Frasers Logistics & Commercial Trust is covered by 19 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Donald ChuaBofA Global Research
Siti Bte SalikinCFRA Equity Research
Justin JenkinsCGS International