Stor-Age Property REIT Limited

JSE:SSS Stock Report

Market Cap: R7.2b

Stor-Age Property REIT Valuation

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

Discounted Cash Flow
Simply Wall St
R0.023
Fair Value
65.7k% overvalued intrinsic discount
2
Number of Analysts

Below Fair Value: SSS (ZAR14.95) is trading above our estimate of fair value (ZAR0.02)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SSS. This is calculated by dividing SSS's market cap by their current earnings.
What is SSS's PE Ratio?
PE Ratio6x
EarningsR1.21b
Market CapR7.20b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SSS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.4x
SAC SA Real Estate
5.9xn/aR7.1b
FTA Fairvest
29.9xn/aR7.9b
EXP Exemplar REITail
6xn/aR4.3b
EQU Equites Property Fund
11.9xn/aR10.9b
SSS Stor-Age Property REIT
6xn/aR7.2b

Price-To-Earnings vs Peers: SSS is good value based on its Price-To-Earnings Ratio (6x) compared to the peer average (13.4x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
SSS 6.0xIndustry Avg. 18.3xNo. of Companies6PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SSS is good value based on its Price-To-Earnings Ratio (6x) compared to the Global Specialized REITs industry average (18.3x).

Price to Earnings Ratio vs Fair Ratio

What is SSS'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.

SSS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SSS'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 SSS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentR14.95
R15.10
+1.0%
2.6%R15.50R14.70n/a2
Feb ’26R14.60
R15.10
+3.4%
2.6%R15.50R14.70n/a2
Jan ’26R15.58
R15.10
-3.1%
2.6%R15.50R14.70n/a2
Dec ’25R15.20
R15.10
-0.7%
2.6%R15.50R14.70n/a2
Nov ’25R15.20
R15.10
-0.7%
2.6%R15.50R14.70n/a2
Analyst Price Target
Consensus Narrative from 2 Analysts
R15.10
Fair Value
1.0% undervalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/15 13:11
End of Day Share Price 2025/02/14 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Stor-Age Property REIT Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mahir HamdulayAbsa Bank Limited
Sabena OmarAvior Capital Markets