Oasis Crescent Property Fund

JSE:OAS Stock Report

Market Cap: R1.3b

Oasis Crescent Property Fund Valuation

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

Below Fair Value: OAS (ZAR19.5) is trading above our estimate of fair value (ZAR0.02)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for OAS. This is calculated by dividing OAS's market cap by their current earnings.
What is OAS's PE Ratio?
PE Ratio4.2x
EarningsR297.40m
Market CapR1.26b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for OAS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.3x
SEA Spear Reit
6.8xn/aR2.5b
OCT Octodec Investments
9.4xn/aR3.3b
EMI Emira Property Fund
10.9xn/aR5.6b
SAC SA Real Estate
5.9xn/aR7.1b
OAS Oasis Crescent Property Fund
4.2xn/aR1.3b

Price-To-Earnings vs Peers: OAS is good value based on its Price-To-Earnings Ratio (4.2x) compared to the peer average (8.3x).

Price to Earnings Ratio vs Industry

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

10 CompaniesPrice / EarningsEstimated GrowthMarket Cap
OAS 4.2xIndustry Avg. 16.0xNo. of Companies20PE01020304050+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: OAS is good value based on its Price-To-Earnings Ratio (4.2x) compared to the Global REITs industry average (16x).

Price to Earnings Ratio vs Fair Ratio

What is OAS'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.

OAS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.2x
Fair PE Ration/a

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