Redefine Properties Ltd
JSE:RDF
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P/B
Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.
Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.
Valuation Scenarios
If P/B returns to its 3-Year Average (0.6), the stock would be worth Zac447.86 (28% downside from current price).
| Scenario | P/B Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 0.8 | Zac625 |
0%
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| 3-Year Average | 0.6 | Zac447.86 |
-28%
|
| 5-Year Average | 0.5 | Zac412.87 |
-34%
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| Country Average | 2.2 | Zac1 791.81 |
+187%
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Forward P/B
Today’s price vs future total equity
Peer Comparison
| Market Cap | P/B | P/E | ||||
|---|---|---|---|---|---|---|
| ZA |
R
|
Redefine Properties Ltd
JSE:RDF
|
43.4B ZAR | 0.8 | 10.5 | |
| ZA |
G
|
Growthpoint Properties Ltd
JSE:GRT
|
55.7B ZAR | 0.8 | 10.8 | |
| US |
|
WP Carey Inc
NYSE:WPC
|
15.8B USD | 2 | 34.3 | |
| ZA |
F
|
Fairvest Ltd
JSE:FTA
|
13.7B ZAR | 1.2 | 9.3 | |
| ZA |
A
|
Attacq Ltd
JSE:ATT
|
11.5B ZAR | 0.8 | 8 | |
| ES |
|
MERLIN Properties SOCIMI SA
MAD:MRL
|
8.2B EUR | 1 | 10.7 | |
| JP |
|
KDX Realty Investment Corp
OTC:KDXRF
|
9.5B USD | 2.4 | 44.3 | |
| ZA |
S
|
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
|
9B ZAR | 0.8 | 16 | |
| ZA |
H
|
Heriot REIT Ltd
JSE:HET
|
7.3B ZAR | 1 | 5.6 | |
| AU |
|
Stockland Corporation Ltd
ASX:SGP
|
9.9B AUD | 1 | 11.3 | |
| US |
S
|
STORE Capital Corp
LSE:0LA6
|
6.8B USD | 1.3 | 21.4 |
Market Distribution
| Min | 0.5 |
| 30th Percentile | 1.8 |
| Median | 2.2 |
| 70th Percentile | 6.5 |
| Max | 10.9 |
Other Multiples
Redefine Properties Ltd
Glance View
In the bustling world of real estate investment, Redefine Properties Ltd. stands as a noteworthy player that has strategically woven its presence through both South African and international markets. Established in the late 1990s, the company has crafted a diversified property portfolio that spans retail, office, and industrial sectors. It navigates the dynamic real estate landscape by acquiring, managing, and developing robust assets. At the heart of its operations lies a keen focus on value-creation through asset management and development, ensuring that each property under its umbrella is optimally utilized and yields a healthy return. By maintaining a well-balanced collection of properties, Redefine Properties effectively navigates market fluctuations, ensuring stability and growth in income streams. The revenue model of Redefine Properties is centered around a carefully designed ecosystem that generates income primarily through leasing out properties. Tenants, ranging from multinational corporations occupying office spaces to retailers in bustling shopping centers, provide the consistent cash flow that is the lifeline of the company. Furthermore, Redefine Properties employs an astute capital recycling strategy—disposing of non-core or underperforming assets while reinvesting in high-yield opportunities. Its geographical diversification strategy not only mitigates risk but also opens doors to lucrative markets overseas, notably in Poland and the UK. In essence, Redefine Properties Ltd. thrives by combining a solid real estate portfolio with strategic asset management, ensuring that value is continually harvested and maximized.