OUE Real Estate Investment Trust

SGX:TS0U Stock Report

Market Cap: S$1.5b

OUE Real Estate Investment Trust Valuation

Is TS0U 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TS0U when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
S$0.69
Fair Value
59.5% undervalued intrinsic discount
4
Number of Analysts

Below Fair Value: TS0U (SGD0.28) is trading below our estimate of fair value (SGD0.69)

Significantly Below Fair Value: TS0U is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TS0U?

Key metric: As TS0U is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for TS0U. This is calculated by dividing TS0U's market cap by their current revenue.
What is TS0U's PS Ratio?
PS Ratio4.7x
SalesS$326.01m
Market CapS$1.54b

Price to Sales Ratio vs Peers

How does TS0U's PS Ratio compare to its peers?

The above table shows the PS ratio for TS0U vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5.6x
CWBU Stoneweg European Real Estate Investment Trust
4.1x0.8%€883.0m
T82U Suntec Real Estate Investment Trust
6.3x-0.7%S$3.4b
N2IU Mapletree Pan Asia Commercial Trust
6.7x2.3%S$6.2b
J91U ESR-REIT
5.2x5.4%S$1.9b
TS0U OUE Real Estate Investment Trust
4.7x-3.9%S$1.5b

Price-To-Sales vs Peers: TS0U is good value based on its Price-To-Sales Ratio (4.7x) compared to the peer average (5.6x).

Price to Sales Ratio vs Industry

How does TS0U's PS Ratio compare vs other companies in the Asian REITs Industry?

1 CompanyPrice / SalesEstimated GrowthMarket Cap
TS0U 4.7xIndustry Avg. 7.7xNo. of Companies15PS048121620+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: TS0U is good value based on its Price-To-Sales Ratio (4.7x) compared to the Asian REITs industry average (7.7x).

Price to Sales Ratio vs Fair Ratio

What is TS0U's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TS0U PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.7x
Fair PS Ratio6.2x

Price-To-Sales vs Fair Ratio: TS0U is good value based on its Price-To-Sales Ratio (4.7x) compared to the estimated Fair Price-To-Sales Ratio (6.2x).

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 TS0U forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentS$0.28
S$0.35
+24.1%
9.0%S$0.40S$0.32n/a4
Feb ’26S$0.29
S$0.35
+17.8%
9.0%S$0.40S$0.32n/a4
Jan ’26S$0.28
S$0.34
+20.6%
8.8%S$0.40S$0.31n/a5
Dec ’25S$0.28
S$0.34
+25.0%
8.8%S$0.40S$0.31n/a5
Nov ’25S$0.29
S$0.34
+16.5%
8.8%S$0.40S$0.31n/a5
Oct ’25S$0.33
S$0.33
+0.2%
3.2%S$0.34S$0.31n/a5
Sep ’25S$0.29
S$0.31
+8.2%
4.3%S$0.33S$0.30n/a5
Aug ’25S$0.28
S$0.31
+12.1%
4.3%S$0.33S$0.30n/a5
Jul ’25S$0.27
S$0.32
+21.6%
6.0%S$0.35S$0.30n/a4
Jun ’25S$0.27
S$0.32
+18.4%
6.8%S$0.35S$0.30n/a3
May ’25S$0.27
S$0.33
+20.4%
7.7%S$0.35S$0.30n/a2
Feb ’25S$0.28
S$0.35
+26.8%
1.4%S$0.36S$0.35S$0.292
Jan ’25S$0.28
S$0.35
+24.6%
1.4%S$0.36S$0.35S$0.282
Dec ’24S$0.26
S$0.35
+39.2%
1.4%S$0.36S$0.35S$0.282
Nov ’24S$0.23
S$0.35
+51.1%
1.4%S$0.36S$0.35S$0.292
Sep ’24S$0.23
S$0.35
+51.1%
1.4%S$0.36S$0.35S$0.292
Aug ’24S$0.31
S$0.35
+14.5%
1.4%S$0.36S$0.35S$0.282
Jul ’24S$0.33
S$0.35
+7.6%
1.4%S$0.36S$0.35S$0.272
Jun ’24S$0.33
S$0.35
+7.6%
1.4%S$0.36S$0.35S$0.272
May ’24S$0.33
S$0.35
+9.2%
1.4%S$0.36S$0.35S$0.272
Apr ’24S$0.32
S$0.35
+12.7%
1.4%S$0.36S$0.35S$0.282
Mar ’24S$0.34
S$0.35
+2.9%
1.4%S$0.36S$0.35S$0.272
Feb ’24S$0.35
S$0.35
0%
1.4%S$0.36S$0.35S$0.282
Analyst Price Target
Consensus Narrative from 4 Analysts
S$0.35
Fair Value
19.4% undervalued intrinsic discount
4
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 Analysis2025/02/16 07:21
End of Day Share Price 2025/02/14 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

OUE Real Estate Investment Trust is covered by 9 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
Zhi YeoCGS International
Wen LimCLSA