Hyprop Investments Limited

JSE:HYP Stock Report

Market Cap: R16.1b

Hyprop Investments Valuation

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

Below Fair Value: HYP (ZAR42.2) is trading above our estimate of fair value (ZAR30.83)

Significantly Below Fair Value: HYP is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for HYP. This is calculated by dividing HYP's market cap by their current earnings.
What is HYP's PE Ratio?
PE Ratio6.5x
EarningsR2.47b
Market CapR16.14b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for HYP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average7.2x
VKE Vukile Property Fund
12.3xn/aR19.5b
RES Resilient REIT
4.8xn/aR18.9b
EXP Exemplar REITail
5.3xn/aR3.8b
DIB Dipula Income Fund
6.2xn/aR4.7b
HYP Hyprop Investments
6.5xn/aR16.1b

Price-To-Earnings vs Peers: HYP is good value based on its Price-To-Earnings Ratio (6.5x) compared to the peer average (7.2x).

Price to Earnings Ratio vs Industry

How does HYP's PE Ratio compare vs other companies in the Global Retail REITs Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HYP 6.5xIndustry Avg. 20.7xNo. of Companies13PE01224364860+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HYP is good value based on its Price-To-Earnings Ratio (6.5x) compared to the Global Retail REITs industry average (20.7x).

Price to Earnings Ratio vs Fair Ratio

What is HYP'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.

HYP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HYP'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?

The above table shows the analyst HYP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentR42.20
R40.25
-4.6%
1.9%R41.00R39.50n/a2
Nov ’25R41.32
R40.25
-2.6%
1.9%R41.00R39.50n/a2
Aug ’25R32.65
R35.50
+8.7%
4.2%R37.00R34.00n/a2
Jul ’25R32.88
R35.50
+8.0%
4.2%R37.00R34.00n/a2
Jun ’25R27.36
R34.50
+26.1%
1.4%R35.00R34.00n/a2
May ’25R28.98
R34.50
+19.0%
1.4%R35.00R34.00n/a2
Apr ’25R29.37
R35.00
+19.2%
2.9%R36.00R34.00n/a2
Mar ’25R31.27
R35.00
+11.9%
2.9%R36.00R34.00n/a2
Feb ’25R31.96
R35.25
+10.3%
3.5%R36.50R34.00n/a2
Jan ’25R31.11
R33.75
+8.5%
8.1%R36.50R31.00n/a2
Dec ’24R26.22
R33.25
+26.8%
6.8%R35.50R31.00n/a2
Nov ’24R25.62
R35.40
+38.2%
12.4%R39.80R31.00R41.322
Oct ’24R31.95
R35.40
+10.8%
12.4%R39.80R31.00R45.402
Sep ’24R32.36
R38.19
+18.0%
4.2%R39.80R36.58R38.232
Aug ’24R32.47
R38.19
+17.6%
4.2%R39.80R36.58R32.652
Jul ’24R30.71
R38.19
+24.4%
4.2%R39.80R36.58R32.882
Jun ’24R30.25
R38.19
+26.2%
4.2%R39.80R36.58R27.362
May ’24R31.94
R33.79
+5.8%
18.8%R39.80R25.00R28.983
Apr ’24R29.70
R33.19
+11.8%
17.5%R38.00R25.00R29.373
Mar ’24R34.03
R34.36
+1.0%
15.8%R38.00R25.00R31.274
Feb ’24R34.00
R33.29
-2.1%
17.6%R37.87R25.00R31.963
Jan ’24R33.64
R33.29
-1.0%
17.6%R37.87R25.00R31.113
Dec ’23R33.35
R33.29
-0.2%
17.6%R37.87R25.00R26.223
Nov ’23R37.14
R33.02
-11.1%
17.3%R37.87R25.00R25.623

Analyst Forecast: Target price is lower than the current share price.

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