Ticon Freehold and Leasehold Real Estate Investment Trust

THAMSE:FTREIT-F Stock Report

Market Cap: ฿32.2b

Ticon Freehold and Leasehold Real Estate Investment Trust Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: FTREIT-F (THB11.4) is trading above our estimate of fair value (THB5.46)

Significantly Below Fair Value: FTREIT-F is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FTREIT-F?

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

The above table shows the Price to Earnings ratio for FTREIT-F. This is calculated by dividing FTREIT-F's market cap by their current earnings.
What is FTREIT-F's PE Ratio?
PE Ratio12.1x
Earnings฿2.66b
Market Cap฿32.17b

Price to Earnings Ratio vs Peers

How does FTREIT-F's PE Ratio compare to its peers?

The above table shows the PE ratio for FTREIT-F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.8x
WHART WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust
15.4x9.1%฿35.4b
AIMIRT AIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust
11.9x4.0%฿8.3b
WHAIR WHA Industrial Leasehold Real Estate Investment Trust
12.8x8.2%฿6.3b
PROSPECT Prospect Logistics and Industrial Freehold and Leasehold Real Estate Investment Trust
11xn/a฿3.2b
FTREIT-F Ticon Freehold and Leasehold Real Estate Investment Trust
12.1x2.6%฿32.2b

Price-To-Earnings vs Peers: FTREIT-F is good value based on its Price-To-Earnings Ratio (12.1x) compared to the peer average (12.9x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
FTREIT-F 12.1xIndustry Avg. 20.8xNo. of Companies6PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FTREIT-F is good value based on its Price-To-Earnings Ratio (12.1x) compared to the Asian Industrial REITs industry average (20.7x).

Price to Earnings Ratio vs Fair Ratio

What is FTREIT-F'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.

FTREIT-F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FTREIT-F's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

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