Centuria Office REIT
ASX:COF

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Centuria Office REIT
ASX:COF
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Price: 0.94 AUD 0.53%
Market Cap: AU$561.5m

EV/FCFF

33.4
Current
41%
More Expensive
vs 3-y average of 23.7

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
33.4
=
Enterprise Value
AU$1.5B
/
Free Cash Flow to Firm
AU$44.4m

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
33.4
=
Enterprise Value
AU$1.5B
/
Free Cash Flow to Firm
AU$44.4m

Valuation Scenarios

Centuria Office REIT is trading above its 3-year average

If EV/FCFF returns to its 3-Year Average (23.7), the stock would be worth AU$0.67 (29% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-47%
Maximum Upside
No Upside Scenarios
Average Downside
34%
Scenario EV/FCFF Value Implied Price Upside/Downside
Current Multiple 33.4 AU$0.94
0%
3-Year Average 23.7 AU$0.67
-29%
5-Year Average 17.8 AU$0.5
-47%
Industry Average 26.3 AU$0.74
-21%
Country Average 21 AU$0.59
-37%

Forward EV/FCFF
Today’s price vs future free cash flow to firm

Not enough data available to calculate forward EV/FCFF

Peer Comparison

All Multiples
EV/FCFF
P/E
All Countries
Close
Market Cap EV/FCFF P/E
AU
Centuria Office REIT
ASX:COF
561.5m AUD 33.4 8.9
US
Boston Properties Inc
NYSE:BXP
9.2B USD -494.3 33.2
US
Alexandria Real Estate Equities Inc
NYSE:ARE
7.8B USD -41.6 -5.4
FR
Covivio SA
PAR:COV
6.3B EUR 60.5 8.5
JP
Nippon Building Fund Inc
TSE:8951
1.2T JPY -93.4 26.9
US
COPT Defense Properties
NYSE:CDP
7.2B USD 184.8 47.5
US
Vornado Realty Trust
NYSE:VNO
5.7B USD 21.9 6.8
JP
Japan Real Estate Investment Corp
TSE:8952
857.3B JPY 43.5 23.4
AU
Dexus
ASX:DXS
6.6B AUD 15.8 12.8
SG
Keppel REIT
SGX:K71U
4.4B 0 0
JP
Kenedix Office Investment Corp
TSE:8972
671.7B JPY 23.9 19.9

Market Distribution

Higher than 71% of companies in Australia
Percentile
71th
Based on 1 159 companies
71th percentile
33.4
Low
0 — 13.2
Typical Range
13.2 — 32.6
High
32.6 —
Distribution Statistics
Australia
Min 0
30th Percentile 13.2
Median 21
70th Percentile 32.6
Max 583 153.2

Centuria Office REIT
Glance View

Market Cap
561.5m AUD
Industry
Real Estate

Centuria Office REIT engages in the investment in office and industrial assets in metropolitan markets of Australia. The company is headquartered in Sydney, New South Wales and currently employs 0 full-time employees. The company went IPO on 2014-12-10. The principal activity of the Trust is investment in commercial office property within Australia. The Trust offers investors an opportunity to invest in commercial property through a real estate investment trust. The primary objective as a real estate investment trust is to generate sustainable and quality income streams, by executing initiatives to create value across a portfolio of quality Australian office assets. The company derives approximately 80% of its income from government, multinational corporations, and listed company tenants. Its property portfolio includes 8 Central Ave, Eveleigh, 201 Pacific Hwy, St Leonards, 9 Help St, Chatswood, 2 Phillip Law St, Canberra, 60 Marcus Clarke St, Canberra, 54 Marcus Clarke St, Canberra, 825 Ann St, Fortitude Valley, 154 Melbourne St, South Brisbane, 818 Bourke St, Docklands, 101 Moray, South Melbourne, 1 Richmond Rd, Keswick, 235 William St, Northbridge, and others.

COF Intrinsic Value
1.67 AUD
Undervaluation 44%
Intrinsic Value
Price AU$0.94
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