AIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust Valuation

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

AIMIRT (THB10.8) is trading below our estimate of [[fair value]] (THB21.81)

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

Below Fair Value: AIMIRT (THB10.8) is trading below our estimate of fair value (THB21.81)

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

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for AIMIRT. This is calculated by dividing AIMIRT's market cap by their current preferred multiple.
What is AIMIRT's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	฿6.43b

AIMIRT 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/Revenue	10.6x
Enterprise Value/EBITDA	n/a
PEG Ratio	0.9x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for AIMIRT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	12.2x
WHAIR WHA Industrial Leasehold Real Estate Investment Trust	13.4x	12.4%	฿5.5b
PROSPECT Prospect Logistics and Industrial Freehold and Leasehold Real Estate Investment Trust	13.2x	n/a	฿3.2b
HPF Hemaraj Industrial Property and Leasehold Fund	11.7x	n/a	฿2.2b
AMATAR Amata Summit Growth Freehold and Leasehold Real Estate Investment Trust	10.6x	n/a	฿2.3b
AIMIRT AIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust	12.8x	15.0%	฿6.4b

Price-To-Earnings vs Peers: AIMIRT is expensive based on its Price-To-Earnings Ratio (12.8x) compared to the peer average (12.2x).

Price to Earnings Ratio vs Industry

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

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	13.6%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	13.6%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: AIMIRT is good value based on its Price-To-Earnings Ratio (12.8x) compared to the Asian Industrial REITs industry average (22x).

Price to Earnings Ratio vs Fair Ratio

What is AIMIRT'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.

AIMIRT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	12.8x
Fair PE Ratio	12x

Price-To-Earnings vs Fair Ratio: AIMIRT is expensive based on its Price-To-Earnings Ratio (12.8x) compared to the estimated Fair Price-To-Earnings Ratio (12x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.