Argosy Property Valuation
Is IGPY.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
1/6Valuation Score 1/6
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 IGPY.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: IGPY.F ($0.69) is trading below our estimate of fair value ($0.83)
Significantly Below Fair Value: IGPY.F is trading below fair value, but not by a significant amount.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for IGPY.F?
Key metric: As IGPY.F is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is IGPY.F's PS Ratio? | |
|---|---|
| PS Ratio | 6.1x |
| Sales | NZ$150.91m |
| Market Cap | NZ$940.36m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 11.9x |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does IGPY.F's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 5.6x | ||
OLP One Liberty Properties | 7x | 4.2% | US$615.5m |
GOOD Gladstone Commercial | 5.2x | 2.1% | US$750.6m |
CTO CTO Realty Growth | 5x | 11.5% | US$593.8m |
PINE Alpine Income Property Trust | 5.2x | 4.6% | US$256.9m |
IGPY.F Argosy Property | 6.1x | -0.6% | US$940.4m |
Price-To-Sales vs Peers: IGPY.F is expensive based on its Price-To-Sales Ratio (6.1x) compared to the peer average (4.4x).
Price to Sales Ratio vs Industry
How does IGPY.F's PS Ratio compare vs other companies in the US REITs Industry?
| 4 Companies | Price / Sales | Estimated Growth | Market Cap |
|---|---|---|---|
BSTT Blackstone Real Estate Income Trust | 0.06x | n/a | US$527.97m |
SLVS Silver Star Properties REIT | 0.3x | n/a | US$23.25m |
SQFT Presidio Property Trust | 0.4x | n/a | US$7.15m |
PDNL.B Presidential Realty | 0.001x | n/a | US$15.14k |
| 4 Companies | Estimated Growth | Market Cap |
|---|
Price-To-Sales vs Industry: IGPY.F is expensive based on its Price-To-Sales Ratio (6.1x) compared to the US REITs industry average (3.4x).
Price to Sales Ratio vs Fair Ratio
What is IGPY.F'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.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 6.1x |
| Fair PS Ratio | n/a |
Price-To-Sales vs Fair Ratio: Insufficient data to calculate IGPY.F's Price-To-Sales 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.
Discover undervalued companies
NewLake Capital Partners
US$404.8m
An internally-managed real estate investment trust that provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions and third-party purchases and funding for build-to-suit projects.
NLCP
US$19.10
7D
0.8%
1Y
43.9%
Gaming and Leisure Properties
US$14.0b
GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.
GLPI
US$51.28
7D
3.7%
1Y
14.5%
NNN REIT
US$8.2b
NNN REIT invests primarily in high-quality retail properties subject generally to long-term, net leases.
NNN
US$43.71
7D
1.9%
1Y
9.3%