Keppel Pacific Oak US REIT

SGX:CMOU Stock Report

Market Cap: US$208.9m

Keppel Pacific Oak US REIT Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Discounted Cash Flow
Simply Wall St
US$1.14
Fair Value
82.4% undervalued intrinsic discount
3
Number of Analysts

Below Fair Value: CMOU ($0.2) is trading below our estimate of fair value ($1.14)

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

Key Valuation Metric

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

Key metric: As CMOU is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for CMOU. This is calculated by dividing CMOU's market cap by their current revenue.
What is CMOU's PS Ratio?
PS Ratio1.4x
SalesUS$149.22m
Market CapUS$208.89m

Price to Sales Ratio vs Peers

How does CMOU's PS Ratio compare to its peers?

The above table shows the PS ratio for CMOU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.5x
OXMU Prime US REIT
1.4x2.0%US$217.2m
MXNU Elite UK REIT
4x-4.7%UK£172.3m
BTOU Manulife US Real Estate Investment Trust
0.8x-5.7%US$158.1m
UD1U IREIT Global
3.7x-12.5%S$376.6m
CMOU Keppel Pacific Oak US REIT
1.4x0.1%US$208.9m

Price-To-Sales vs Peers: CMOU is good value based on its Price-To-Sales Ratio (1.4x) compared to the peer average (2.5x).

Price to Sales Ratio vs Industry

How does CMOU's PS Ratio compare vs other companies in the Asian Office REITs Industry?

1 CompanyPrice / SalesEstimated GrowthMarket Cap
CMOU 1.4xIndustry Avg. 6.3xNo. of Companies10PS03.67.210.814.418+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: CMOU is good value based on its Price-To-Sales Ratio (1.4x) compared to the Asian Office REITs industry average (6.3x).

Price to Sales Ratio vs Fair Ratio

What is CMOU's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CMOU PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.4x
Fair PS Ratio2x

Price-To-Sales vs Fair Ratio: CMOU is good value based on its Price-To-Sales Ratio (1.4x) compared to the estimated Fair Price-To-Sales Ratio (2x).

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 CMOU forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$0.20
US$0.29
+46.7%
23.7%US$0.38US$0.21n/a3
Jan ’26US$0.20
US$0.29
+43.1%
23.7%US$0.38US$0.21n/a3
Dec ’25US$0.22
US$0.29
+33.3%
23.7%US$0.38US$0.21n/a3
Nov ’25US$0.26
US$0.29
+15.0%
23.7%US$0.38US$0.21n/a3
Oct ’25US$0.27
US$0.28
+6.9%
20.2%US$0.35US$0.21n/a3
Sep ’25US$0.26
US$0.28
+7.7%
19.1%US$0.34US$0.21n/a3
Aug ’25US$0.20
US$0.28
+40.0%
19.1%US$0.34US$0.21n/a3
Jul ’25US$0.13
US$0.25
+88.3%
43.2%US$0.35US$0.10n/a3
Jun ’25US$0.14
US$0.25
+76.2%
43.2%US$0.35US$0.10n/a3
May ’25US$0.14
US$0.25
+80.1%
43.2%US$0.35US$0.10n/a3
Apr ’25US$0.16
US$0.25
+55.1%
43.2%US$0.35US$0.10n/a3
Mar ’25US$0.13
US$0.25
+94.2%
43.2%US$0.35US$0.10n/a3
Feb ’25US$0.26
US$0.54
+105.8%
10.3%US$0.59US$0.48n/a2
Jan ’25US$0.38
US$0.51
+35.1%
7.4%US$0.56US$0.48US$0.203
Dec ’24US$0.27
US$0.51
+91.2%
7.4%US$0.56US$0.48US$0.223
Nov ’24US$0.18
US$0.51
+173.9%
7.4%US$0.56US$0.48US$0.263
Oct ’24US$0.22
US$0.51
+133.3%
6.6%US$0.56US$0.48US$0.273
Sep ’24US$0.22
US$0.51
+133.3%
6.6%US$0.56US$0.48US$0.263
Aug ’24US$0.33
US$0.51
+55.6%
6.6%US$0.56US$0.48US$0.203
Jul ’24US$0.32
US$0.60
+90.5%
14.4%US$0.68US$0.48US$0.133
Jun ’24US$0.30
US$0.66
+117.5%
4.0%US$0.70US$0.64US$0.143
May ’24US$0.36
US$0.66
+84.3%
4.0%US$0.70US$0.64US$0.143
Apr ’24US$0.38
US$0.68
+79.8%
3.6%US$0.71US$0.65US$0.163
Mar ’24US$0.45
US$0.68
+53.6%
3.6%US$0.71US$0.65US$0.133
Feb ’24US$0.55
US$0.75
+38.2%
12.0%US$0.87US$0.65US$0.263
Jan ’24US$0.46
US$0.75
+63.8%
12.0%US$0.87US$0.65US$0.383
Analyst Price Target
Consensus Narrative from 3 Analysts
US$0.29
Fair Value
31.8% undervalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/10 16:07
End of Day Share Price 2025/01/10 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

Keppel Pacific Oak US REIT is covered by 8 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Citi ResearchCitigroup Inc
Su Teng TanCitigroup Inc
Nicholas TehCredit Suisse