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Redefine Properties Ltd
JSE:RDF

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Redefine Properties Ltd
JSE:RDF
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Price: 625 Zac 0.64% Market Closed
Market Cap: 45B ZAR

P/B

0.8
Current
40%
More Expensive
vs 3-y average of 0.6

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.

P/B
0.8
=
Market Cap
Zac48.1B
/
Total Equity
56.3B

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.

P/B
0.8
=
Market Cap
Zac48.1B
/
Total Equity
56.3B

Valuation Scenarios

Redefine Properties Ltd is trading above its 3-year average

If P/B returns to its 3-Year Average (0.6), the stock would be worth Zac447.86 (28% downside from current price).

Statistics
Positive Scenarios
1/3
Maximum Downside
-34%
Maximum Upside
+187%
Average Upside
41%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 0.8 Zac625
0%
3-Year Average 0.6 Zac447.86
-28%
5-Year Average 0.5 Zac412.87
-34%
Country Average 2.2 Zac1 791.81
+187%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close

Market Distribution

Lower than 96% of companies in South Africa
Percentile
4th
Based on 15 companies
4th percentile
0.8
Low
0.5 — 1.8
Typical Range
1.8 — 6.5
High
6.5 —
Distribution Statistics
South Africa
Min 0.5
30th Percentile 1.8
Median 2.2
70th Percentile 6.5
Max 10.9

Redefine Properties Ltd
Glance View

Market Cap
45B Zac
Industry
Real Estate

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.

RDF Intrinsic Value
1 564.82 Zac
Undervaluation 60%
Intrinsic Value
Price Zac625
R
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