Mapletree Logistics Trust Valuation

Is M44U undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 M44U when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: M44U (SGD1.35) is trading above our estimate of fair value (SGD1.12)

Significantly Below Fair Value: M44U is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for M44U?

Other financial metrics that can be useful for relative valuation.

M44U key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue16.3x
Enterprise Value/EBITDA22.6x
PEG Ratio2.5x

Price to Earnings Ratio vs Peers

How does M44U's PE Ratio compare to its peers?

The above table shows the PE ratio for M44U vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average44.6x
ME8U Mapletree Industrial Trust
58.2x21.7%S$6.5b
A17U CapitaLand Ascendas REIT
74.5x22.6%S$11.9b
O5RU AIMS APAC REIT
24.9x20.8%S$1.1b
M1GU Sabana Industrial Real Estate Investment Trust
20.9x31.0%S$376.9m
M44U Mapletree Logistics Trust
22.3x8.8%S$6.8b

Price-To-Earnings vs Peers: M44U is good value based on its Price-To-Earnings Ratio (22.3x) compared to the peer average (44.6x).


Price to Earnings Ratio vs Industry

How does M44U's PE Ratio compare vs other companies in the Asian Industrial REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a23.0%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a23.0%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: M44U is expensive based on its Price-To-Earnings Ratio (22.3x) compared to the Asian Industrial REITs industry average (20.9x).


Price to Earnings Ratio vs Fair Ratio

What is M44U'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.

M44U PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.3x
Fair PE Ratio18.3x

Price-To-Earnings vs Fair Ratio: M44U is expensive based on its Price-To-Earnings Ratio (22.3x) compared to the estimated Fair Price-To-Earnings Ratio (18.3x).


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 M44U forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentS$1.35
S$1.60
+18.5%
8.3%S$1.85S$1.30n/a13
Jul ’25S$1.30
S$1.62
+24.9%
9.4%S$1.89S$1.30n/a13
Jun ’25S$1.33
S$1.62
+22.1%
9.4%S$1.89S$1.30n/a13
May ’25S$1.35
S$1.69
+25.2%
9.1%S$1.87S$1.30n/a13
Apr ’25S$1.48
S$1.77
+19.4%
5.6%S$1.88S$1.60n/a13
Mar ’25S$1.46
S$1.77
+21.3%
6.1%S$1.98S$1.60n/a14
Feb ’25S$1.52
S$1.78
+16.9%
5.7%S$1.98S$1.60n/a15
Jan ’25S$1.74
S$1.76
+1.1%
5.4%S$1.89S$1.60n/a15
Dec ’24S$1.61
S$1.75
+8.6%
6.1%S$1.89S$1.55n/a15
Nov ’24S$1.48
S$1.74
+17.7%
7.0%S$1.89S$1.45n/a15
Oct ’24S$1.68
S$1.82
+8.5%
5.0%S$2.05S$1.66n/a15
Sep ’24S$1.68
S$1.81
+8.0%
5.3%S$2.05S$1.66n/a16
Aug ’24S$1.67
S$1.80
+8.0%
6.0%S$2.05S$1.59n/a16
Jul ’24S$1.62
S$1.81
+11.6%
6.2%S$2.00S$1.59S$1.3016
Jun ’24S$1.67
S$1.81
+8.3%
6.2%S$2.00S$1.59S$1.3316
May ’24S$1.74
S$1.77
+1.8%
6.5%S$1.99S$1.59S$1.3516
Apr ’24S$1.71
S$1.77
+3.6%
6.5%S$1.99S$1.59S$1.4816
Mar ’24S$1.69
S$1.76
+4.1%
8.1%S$2.00S$1.56S$1.4616
Feb ’24S$1.71
S$1.77
+3.7%
9.7%S$2.15S$1.55S$1.5216
Jan ’24S$1.59
S$1.77
+11.3%
9.9%S$2.15S$1.50S$1.7416
Dec ’23S$1.63
S$1.76
+8.0%
10.8%S$2.15S$1.40S$1.6116
Nov ’23S$1.52
S$1.81
+19.1%
11.9%S$2.15S$1.40S$1.4816
Oct ’23S$1.56
S$1.91
+22.5%
9.2%S$2.15S$1.60S$1.6816
Sep ’23S$1.67
S$1.94
+15.9%
9.0%S$2.15S$1.60S$1.6816
Aug ’23S$1.76
S$1.94
+10.3%
8.8%S$2.15S$1.65S$1.6716
Jul ’23S$1.69
S$2.00
+18.5%
8.7%S$2.31S$1.65S$1.6216

Analyst Forecast: Target price is less than 20% higher than the current share price.


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