IGB Commercial Real Estate Investment Trust
KLSE:IGBCR
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EV/IC
Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.
Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.
Valuation Scenarios
If EV/IC returns to its 3-Year Average (0.6), the stock would be worth MYR0.55 (10% downside from current price).
| Scenario | EV/IC Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 0.7 | MYR0.61 |
0%
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| 3-Year Average | 0.6 | MYR0.55 |
-10%
|
| 5-Year Average | 0.6 | MYR0.56 |
-8%
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| Industry Average | 0.7 | MYR0.64 |
+5%
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| Country Average | 1 | MYR0.87 |
+42%
|
Forward EV/IC
Today’s price vs future invested capital
Peer Comparison
| Market Cap | EV/IC | P/E | ||||
|---|---|---|---|---|---|---|
| MY |
I
|
IGB Commercial Real Estate Investment Trust
KLSE:IGBCR
|
1.5B MYR | 0.7 | 15.4 | |
| ZA |
G
|
Growthpoint Properties Ltd
JSE:GRT
|
55.4B ZAR | 0.8 | 10.7 | |
| ZA |
R
|
Redefine Properties Ltd
JSE:RDF
|
44B ZAR | 0.8 | 10.7 | |
| US |
|
WP Carey Inc
NYSE:WPC
|
16B USD | 1.4 | 34 | |
| ZA |
F
|
Fairvest Ltd
JSE:FTA
|
13.7B ZAR | 1.1 | 9.3 | |
| ZA |
A
|
Attacq Ltd
JSE:ATT
|
11.6B ZAR | 0.8 | 8.1 | |
| ES |
|
MERLIN Properties SOCIMI SA
MAD:MRL
|
8.4B EUR | 1 | 10.9 | |
| JP |
|
KDX Realty Investment Corp
OTC:KDXRF
|
9.5B USD | 1.6 | 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 | 0.9 | 5.6 | |
| AU |
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Stockland Corporation Ltd
ASX:SGP
|
9.8B AUD | 0.8 | 11.3 |
Market Distribution
| Min | 0 |
| 30th Percentile | 0.7 |
| Median | 1 |
| 70th Percentile | 1.9 |
| Max | 2 466.7 |
Other Multiples
IGB Commercial Real Estate Investment Trust
Glance View
IGB Commercial REIT operates as real estate investment trust. The company is headquartered in Kuala Lumpur, Kuala Lumpur. The company went IPO on 2021-09-20. The firm is focused on investing, directly and indirectly, in a portfolio of income producing real estate used primarily for commercial purposes in Malaysia and overseas. The Company’s objective to provide unitholders with regular and stable distributions, sustainable long-term unit price and distributable income, and capital growth, while maintaining an appropriate capital structure. The Company’s portfolio includes mid valley city properties and KL city centre properties. Its mid valley city properties consist of Southpoint Offices & Retail, The Gardens North Tower, The Gardens South Tower, Centrepoint North, Centrepoint South, Menara IGB & IGB Annexe and Boulevard Offices & Retail. Its KL city centre properties consist of GTower, Menara Tan & Tan and Hampshire Place Office.
