Sasseur Real Estate Investment Trust

SGX:CRPU Stock Report

Market Cap: S$850.5m

Sasseur Real Estate Investment Trust Valuation

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

Valuation Score

6/6

Valuation Score 6/6

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

Discounted Cash Flow
Simply Wall St
S$1.89
Fair Value
64.0% undervalued intrinsic discount
5
Number of Analysts

Below Fair Value: CRPU (SGD0.68) is trading below our estimate of fair value (SGD1.89)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CRPU. This is calculated by dividing CRPU's market cap by their current earnings.
What is CRPU's PE Ratio?
PE Ratio13.8x
EarningsS$61.60m
Market CapS$850.52m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CRPU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29.1x
P40U Starhill Global Real Estate Investment Trust
18.3x15.0%S$1.1b
AU8U CapitaLand China Trust
78.9x37.1%S$1.2b
ODBU United Hampshire US Real Estate Investment Trust
9.5x-5.3%US$280.1m
SK6U Paragon REIT
9.9x-20.9%S$2.5b
CRPU Sasseur Real Estate Investment Trust
13.8x9.6%S$850.5m

Price-To-Earnings vs Peers: CRPU is good value based on its Price-To-Earnings Ratio (13.8x) compared to the peer average (29.1x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
CRPU 13.8xIndustry Avg. 14.4xNo. of Companies4PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CRPU is good value based on its Price-To-Earnings Ratio (13.8x) compared to the Asian Retail REITs industry average (14.4x).

Price to Earnings Ratio vs Fair Ratio

What is CRPU'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.

CRPU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.8x
Fair PE Ratio19.7x

Price-To-Earnings vs Fair Ratio: CRPU is good value based on its Price-To-Earnings Ratio (13.8x) compared to the estimated Fair Price-To-Earnings Ratio (19.7x).

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 CRPU forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentS$0.68
S$0.92
+35.3%
5.2%S$0.98S$0.84n/a5
Jan ’26S$0.68
S$0.92
+35.3%
5.2%S$0.98S$0.84n/a5
Dec ’25S$0.70
S$0.92
+31.4%
5.2%S$0.98S$0.84n/a5
Nov ’25S$0.70
S$0.93
+32.3%
4.1%S$0.98S$0.87n/a5
Oct ’25S$0.72
S$0.95
+31.3%
7.1%S$1.08S$0.87n/a6
Sep ’25S$0.69
S$0.95
+37.3%
7.2%S$1.08S$0.87n/a5
Aug ’25S$0.68
S$0.96
+42.8%
7.4%S$1.08S$0.87n/a5
Jul ’25S$0.68
S$0.97
+44.0%
7.2%S$1.08S$0.87n/a5
Jun ’25S$0.68
S$0.98
+44.9%
7.1%S$1.08S$0.87n/a6
May ’25S$0.68
S$0.99
+47.2%
6.9%S$1.08S$0.87n/a6
Apr ’25S$0.69
S$0.99
+45.0%
6.9%S$1.08S$0.87n/a6
Mar ’25S$0.68
S$0.99
+46.1%
6.9%S$1.08S$0.87n/a6
Feb ’25S$0.67
S$0.99
+48.6%
5.9%S$1.05S$0.90n/a5
Jan ’25S$0.69
S$0.98
+42.5%
6.4%S$1.05S$0.90S$0.685
Dec ’24S$0.69
S$0.98
+41.4%
6.4%S$1.05S$0.90S$0.705
Nov ’24S$0.63
S$0.96
+53.0%
5.3%S$1.05S$0.90S$0.705
Oct ’24S$0.68
S$0.96
+42.5%
5.1%S$1.05S$0.90S$0.725
Sep ’24S$0.70
S$0.96
+37.4%
5.1%S$1.05S$0.90S$0.695
Aug ’24S$0.71
S$0.97
+35.9%
5.2%S$1.05S$0.90S$0.685
Jul ’24S$0.70
S$0.98
+38.7%
5.6%S$1.05S$0.90S$0.684
Jun ’24S$0.74
S$1.00
+35.6%
3.7%S$1.05S$0.96S$0.683
May ’24S$0.72
S$1.00
+39.4%
3.7%S$1.05S$0.96S$0.683
Apr ’24S$0.74
S$1.00
+34.7%
3.7%S$1.05S$0.96S$0.693
Mar ’24S$0.77
S$1.02
+32.8%
4.5%S$1.08S$0.96S$0.684
Feb ’24S$0.82
S$1.10
+33.3%
1.5%S$1.12S$1.08S$0.673
Jan ’24S$0.76
S$1.10
+45.7%
1.5%S$1.12S$1.08S$0.693
Analyst Price Target
Consensus Narrative from 5 Analysts
S$0.92
Fair Value
26.1% undervalued intrinsic discount
5
Number of Analysts

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 Analysis2025/01/18 08:12
End of Day Share Price 2025/01/17 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

Sasseur Real Estate Investment Trust is covered by 7 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
Justin JenkinsCGS International
Derek TanDBS Bank Ltd
Geraldine WongDBS Bank Ltd