Frasers Centrepoint Trust

SGX:J69U Stock Report

Market Cap: S$3.8b

Frasers Centrepoint Trust Valuation

Is J69U undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 J69U when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: J69U (SGD2.09) is trading below our estimate of fair value (SGD3.38)

Significantly Below Fair Value: J69U is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for J69U?

Key metric: As J69U is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for J69U. This is calculated by dividing J69U's market cap by their current earnings.
What is J69U's PE Ratio?
PE Ratio19.2x
EarningsS$197.55m
Market CapS$3.80b

Price to Earnings Ratio vs Peers

How does J69U's PE Ratio compare to its peers?

The above table shows the PE ratio for J69U vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29.4x
SK6U Paragon REIT
9.6x-20.9%S$2.4b
N2IU Mapletree Pan Asia Commercial Trust
13.8x2.2%S$6.3b
AU8U CapitaLand China Trust
76.7x37.2%S$1.2b
P40U Starhill Global Real Estate Investment Trust
17.7x15.0%S$1.1b
J69U Frasers Centrepoint Trust
19.2x4.5%S$3.8b

Price-To-Earnings vs Peers: J69U is good value based on its Price-To-Earnings Ratio (19.2x) compared to the peer average (29.4x).

Price to Earnings Ratio vs Industry

How does J69U's PE Ratio compare vs other companies in the Asian Retail REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
J69U 19.2xIndustry Avg. 13.8xNo. of Companies5PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: J69U is expensive based on its Price-To-Earnings Ratio (19.2x) compared to the Asian Retail REITs industry average (13.8x).

Price to Earnings Ratio vs Fair Ratio

What is J69U'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.

J69U PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.2x
Fair PE Ratio19x

Price-To-Earnings vs Fair Ratio: J69U is expensive based on its Price-To-Earnings Ratio (19.2x) compared to the estimated Fair Price-To-Earnings Ratio (19x).

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 J69U forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentS$2.09
S$2.52
+20.4%
6.9%S$2.79S$2.17n/a16
Dec ’25S$2.13
S$2.52
+18.1%
6.9%S$2.79S$2.17n/a16
Nov ’25S$2.25
S$2.50
+11.3%
6.9%S$2.79S$2.17n/a15
Oct ’25S$2.31
S$2.49
+7.7%
7.0%S$2.75S$2.15n/a15
Sep ’25S$2.38
S$2.46
+3.5%
4.8%S$2.70S$2.15n/a15
Aug ’25S$2.23
S$2.46
+10.1%
4.8%S$2.70S$2.15n/a15
Jul ’25S$2.14
S$2.47
+15.2%
5.4%S$2.71S$2.15n/a15
Jun ’25S$2.17
S$2.47
+13.6%
5.4%S$2.71S$2.15n/a15
May ’25S$2.17
S$2.43
+12.0%
6.8%S$2.71S$2.02n/a16
Apr ’25S$2.20
S$2.43
+10.6%
6.9%S$2.73S$2.02n/a16
Mar ’25S$2.17
S$2.43
+12.2%
6.9%S$2.73S$2.02n/a16
Feb ’25S$2.28
S$2.41
+5.6%
6.1%S$2.70S$2.02n/a17
Jan ’25S$2.26
S$2.34
+3.5%
5.9%S$2.52S$2.02n/a17
Dec ’24S$2.19
S$2.34
+6.6%
6.8%S$2.60S$2.02S$2.1317
Nov ’24S$2.07
S$2.33
+12.5%
7.2%S$2.60S$2.02S$2.2517
Oct ’24S$2.19
S$2.38
+8.6%
6.4%S$2.62S$2.15S$2.3117
Sep ’24S$2.24
S$2.39
+6.6%
6.5%S$2.62S$2.13S$2.3818
Aug ’24S$2.16
S$2.39
+10.5%
6.6%S$2.62S$2.10S$2.2318
Jul ’24S$2.19
S$2.39
+8.9%
6.6%S$2.62S$2.10S$2.1418
Jun ’24S$2.17
S$2.39
+9.9%
6.6%S$2.62S$2.10S$2.1718
May ’24S$2.21
S$2.37
+7.0%
7.3%S$2.62S$2.06S$2.1718
Apr ’24S$2.29
S$2.35
+2.7%
7.6%S$2.60S$2.06S$2.2018
Mar ’24S$2.23
S$2.33
+4.5%
8.2%S$2.60S$2.00S$2.1718
Feb ’24S$2.23
S$2.34
+4.8%
9.2%S$2.80S$2.00S$2.2818
Jan ’24S$2.10
S$2.31
+10.1%
9.0%S$2.80S$2.00S$2.2618
Dec ’23S$2.05
S$2.35
+14.8%
8.3%S$2.80S$2.00S$2.1918

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 21:35
End of Day Share Price 2024/12/20 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 Centrepoint Trust is covered by 32 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kang Ho ChongBNP Paribas Securities (Asia)
Donald ChuaBofA Global Research
Justin JenkinsCGS International