Prime US REIT

SGX:OXMU Stock Report

Market Cap: US$177.9m

Prime US REIT Valuation

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

Discounted Cash Flow
Simply Wall St
US$0.51
Fair Value
72.9% undervalued intrinsic discount
4
Number of Analysts

Below Fair Value: OXMU ($0.14) is trading below our estimate of fair value ($0.51)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for OXMU. This is calculated by dividing OXMU's market cap by their current earnings.
What is OXMU's PE Ratio?
PE Ratio22.4x
EarningsUS$8.05m
Market CapUS$177.92m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for OXMU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.7x
MXNU Elite UK REIT
8.8x-4.9%UK£181.2m
UD1U IREIT Global
26.4x34.3%S$329.5m
K71U Keppel REIT
33.4x14.6%S$3.3b
BWCU EC World Real Estate Investment Trust
6xn/aS$226.8m
OXMU Prime US REIT
22.4x45.9%US$177.9m

Price-To-Earnings vs Peers: OXMU is expensive based on its Price-To-Earnings Ratio (22.4x) compared to the peer average (18.7x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
OXMU 22.4xIndustry Avg. 18.8xNo. of Companies8PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: OXMU is expensive based on its Price-To-Earnings Ratio (22.4x) compared to the Asian Office REITs industry average (18.8x).

Price to Earnings Ratio vs Fair Ratio

What is OXMU'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.

OXMU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.4x
Fair PE Ratio31.7x

Price-To-Earnings vs Fair Ratio: OXMU is good value based on its Price-To-Earnings Ratio (22.4x) compared to the estimated Fair Price-To-Earnings Ratio (31.7x).

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 OXMU forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$0.14
US$0.23
+64.9%
17.1%US$0.29US$0.19n/a4
Mar ’26US$0.14
US$0.23
+62.5%
17.1%US$0.29US$0.19n/a4
Feb ’26US$0.18
US$0.24
+31.9%
23.3%US$0.33US$0.19n/a4
Jan ’26US$0.17
US$0.23
+37.4%
21.8%US$0.32US$0.19n/a4
Dec ’25US$0.17
US$0.23
+42.4%
21.8%US$0.32US$0.19n/a4
Nov ’25US$0.18
US$0.24
+36.4%
20.2%US$0.32US$0.19n/a4
Oct ’25US$0.18
US$0.24
+31.1%
20.2%US$0.32US$0.19n/a4
Sep ’25US$0.19
US$0.24
+24.3%
18.7%US$0.31US$0.19n/a4
Aug ’25US$0.19
US$0.17
-10.5%
49.2%US$0.28US$0.064n/a4
Jul ’25US$0.11
US$0.24
+111.3%
66.1%US$0.45US$0.064n/a3
Jun ’25US$0.12
US$0.24
+104.2%
66.1%US$0.45US$0.064n/a3
May ’25US$0.11
US$0.24
+115.1%
66.1%US$0.45US$0.064n/a3
Apr ’25US$0.14
US$0.24
+75.8%
66.1%US$0.45US$0.064n/a3
Mar ’25US$0.11
US$0.28
+147.2%
59.3%US$0.52US$0.064US$0.144
Feb ’25US$0.14
US$0.33
+131.1%
37.6%US$0.52US$0.16US$0.184
Jan ’25US$0.22
US$0.33
+49.0%
34.7%US$0.48US$0.16US$0.174
Dec ’24US$0.12
US$0.33
+160.9%
34.7%US$0.48US$0.16US$0.174
Nov ’24US$0.083
US$0.35
+328.6%
37.2%US$0.54US$0.16US$0.184
Oct ’24US$0.13
US$0.35
+182.6%
37.2%US$0.54US$0.16US$0.184
Sep ’24US$0.13
US$0.35
+182.6%
37.2%US$0.54US$0.16US$0.194
Aug ’24US$0.16
US$0.45
+173.6%
22.1%US$0.55US$0.30US$0.194
Jul ’24US$0.19
US$0.45
+134.5%
22.1%US$0.55US$0.30US$0.114
Jun ’24US$0.18
US$0.45
+146.3%
22.1%US$0.55US$0.30US$0.124
May ’24US$0.24
US$0.65
+173.8%
8.6%US$0.73US$0.57US$0.115
Apr ’24US$0.29
US$0.65
+122.5%
8.6%US$0.73US$0.57US$0.145
Mar ’24US$0.35
US$0.70
+97.9%
17.4%US$0.95US$0.59US$0.116
Analyst Price Target
Consensus Narrative from 4 Analysts
US$0.23
Fair Value
39.3% undervalued intrinsic discount
4
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 Analysis2025/03/17 11:44
End of Day Share Price 2025/03/17 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Prime US REIT is covered by 8 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
Donald ChuaBofA Global Research
Nicholas TehCredit Suisse
Derek TanDBS Bank Ltd