Mapletree Industrial Trust

SGX:ME8U Stock Report

Market Cap: S$6.6b

Mapletree Industrial Trust Valuation

Is ME8U 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 ME8U when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ME8U (SGD2.34) is trading below our estimate of fair value (SGD3.71)

Significantly Below Fair Value: ME8U is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for ME8U?

Other financial metrics that can be useful for relative valuation.

ME8U 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/Revenue14x
Enterprise Value/EBITDA21.5x
PEG Ratio1.5x

Price to Earnings Ratio vs Peers

How does ME8U's PE Ratio compare to its peers?

The above table shows the PE ratio for ME8U vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.5x
M44U Mapletree Logistics Trust
13.7x-3.8%S$7.3b
A17U CapitaLand Ascendas REIT
71.8x22.1%S$12.2b
O5RU AIMS APAC REIT
14.3x8.5%S$1.0b
M1GU Sabana Industrial Real Estate Investment Trust
22.4x31.0%S$405.0m
ME8U Mapletree Industrial Trust
24.4x16.5%S$6.6b

Price-To-Earnings vs Peers: ME8U is good value based on its Price-To-Earnings Ratio (24.4x) compared to the peer average (30.5x).


Price to Earnings Ratio vs Industry

How does ME8U's PE Ratio compare vs other companies in the Asian Industrial REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a18.4%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a18.4%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: ME8U is expensive based on its Price-To-Earnings Ratio (24.4x) compared to the Asian Industrial REITs industry average (14.6x).


Price to Earnings Ratio vs Fair Ratio

What is ME8U'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.

ME8U PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.4x
Fair PE Ratio18.6x

Price-To-Earnings vs Fair Ratio: ME8U is expensive based on its Price-To-Earnings Ratio (24.4x) compared to the estimated Fair Price-To-Earnings Ratio (18.6x).


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 ME8U forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentS$2.34
S$2.58
+10.4%
7.1%S$2.98S$2.30n/a13
Mar ’25S$2.26
S$2.56
+13.3%
7.8%S$2.98S$2.21n/a14
Feb ’25S$2.40
S$2.55
+6.4%
7.7%S$2.98S$2.21n/a15
Jan ’25S$2.51
S$2.48
-1.1%
6.7%S$2.70S$2.15n/a15
Dec ’24S$2.27
S$2.45
+7.9%
7.1%S$2.70S$2.15n/a15
Nov ’24S$2.11
S$2.45
+16.2%
7.8%S$2.70S$2.15n/a15
Oct ’24S$2.26
S$2.51
+10.9%
7.3%S$2.89S$2.21n/a15
Sep ’24S$2.30
S$2.52
+9.5%
6.7%S$2.89S$2.30n/a16
Aug ’24S$2.24
S$2.52
+12.5%
6.9%S$2.89S$2.30n/a16
Jul ’24S$2.21
S$2.54
+14.8%
7.8%S$2.95S$2.30n/a15
Jun ’24S$2.24
S$2.56
+14.1%
7.0%S$2.95S$2.30n/a16
May ’24S$2.38
S$2.55
+7.0%
6.5%S$2.95S$2.22n/a16
Apr ’24S$2.37
S$2.54
+7.0%
7.3%S$2.95S$2.20n/a16
Mar ’24S$2.35
S$2.57
+9.5%
10.1%S$3.30S$2.20S$2.2616
Feb ’24S$2.37
S$2.59
+9.1%
11.2%S$3.30S$2.20S$2.4016
Jan ’24S$2.22
S$2.60
+16.9%
10.1%S$3.12S$2.20S$2.5116
Dec ’23S$2.25
S$2.62
+16.6%
9.4%S$3.12S$2.20S$2.2716
Nov ’23S$2.23
S$2.73
+22.4%
9.0%S$3.12S$2.22S$2.1116
Oct ’23S$2.38
S$2.88
+20.8%
7.1%S$3.15S$2.50S$2.2616
Sep ’23S$2.54
S$2.89
+13.8%
7.9%S$3.36S$2.50S$2.3016
Aug ’23S$2.68
S$2.92
+8.9%
8.2%S$3.36S$2.52S$2.2417
Jul ’23S$2.60
S$2.98
+14.5%
7.7%S$3.36S$2.55S$2.2116
Jun ’23S$2.48
S$2.97
+19.9%
9.1%S$3.65S$2.55S$2.2417
May ’23S$2.61
S$3.03
+16.2%
8.0%S$3.72S$2.64S$2.3817
Apr ’23S$2.70
S$3.09
+14.5%
7.1%S$3.72S$2.75S$2.3716
Mar ’23S$2.57
S$3.11
+21.2%
7.0%S$3.72S$2.75S$2.3516

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


Discover undervalued companies

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.