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IGB Real Estate Investment Trust
KLSE:IGBREIT

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IGB Real Estate Investment Trust
KLSE:IGBREIT
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Price: 2.87 MYR 0.35%
Market Cap: 12.4B MYR

EV/FCFF

26.8
Current
48%
More Expensive
vs 3-y average of 18.1

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
26.8
=
Enterprise Value
MYR14B
/
Free Cash Flow to Firm
535.5m

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
26.8
=
Enterprise Value
MYR14B
/
Free Cash Flow to Firm
535.5m

Valuation Scenarios

IGB Real Estate Investment Trust is trading above its 3-year average

If EV/FCFF returns to its 3-Year Average (18.1), the stock would be worth MYR1.94 (32% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-44%
Maximum Upside
No Upside Scenarios
Average Downside
37%
Scenario EV/FCFF Value Implied Price Upside/Downside
Current Multiple 26.8 MYR2.87
0%
3-Year Average 18.1 MYR1.94
-32%
5-Year Average 18.1 MYR1.94
-32%
Industry Average 14.9 MYR1.59
-44%
Country Average 16.1 MYR1.73
-40%

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
MY
IGB Real Estate Investment Trust
KLSE:IGBREIT
12.4B MYR 26.8 18.8
US
GE Vernova LLC
NYSE:GEV
292.6B USD 0 0
UK
Eight Capital Partners PLC
F:ECS
158.4B EUR 0 0
US
China Industrial Group Inc
OTC:CIND
121B USD -103 746.2 4 020.7
NL
Nepi Rockcastle NV
JSE:NRP
101.6B ZAR 19.6 10.5
US
Fintech Ecosystem Development Corp
NASDAQ:FEXD
67.7B USD -45 737.8 38 243.7
US
CoreWeave Inc
NASDAQ:CRWV
53B USD 0 0
CH
Galderma Group AG
SIX:GALD
38.3B CHF 0 0
US
Coupang Inc
F:788
31.5B EUR 60.7 174.8
US
Symbotic Inc
NASDAQ:SYM
34.4B USD 41.6 -3 156.8
US
Reddit Inc
NYSE:RDDT
28.2B USD 37.7 53.4
P/E Multiple
Earnings Growth PEG
MY
I
IGB Real Estate Investment Trust
KLSE:IGBREIT
Average P/E: 7 087
18.8
-1%
N/A
US
G
GE Vernova LLC
NYSE:GEV
Not Available
19%
N/A
UK
E
Eight Capital Partners PLC
F:ECS
Not Available N/A N/A
US
C
China Industrial Group Inc
OTC:CIND
4 020.7
N/A N/A
NL
N
Nepi Rockcastle NV
JSE:NRP
10.5
1%
10.5
US
F
Fintech Ecosystem Development Corp
NASDAQ:FEXD
38 243.7
N/A N/A
US
C
CoreWeave Inc
NASDAQ:CRWV
Not Available N/A N/A
CH
G
Galderma Group AG
SIX:GALD
Not Available
47%
N/A
US
Coupang Inc
F:788
174.8
96%
1.8
US
Symbotic Inc
NASDAQ:SYM
Negative Multiple: -3 156.8 N/A N/A
US
R
Reddit Inc
NYSE:RDDT
53.4
41%
1.3

Market Distribution

In line with most companies in Malaysia
Percentile
70th
Based on 312 companies
70th percentile
26.8
Low
0.3 — 10.6
Typical Range
10.6 — 26.9
High
26.9 —
Distribution Statistics
Malaysia
Min 0.3
30th Percentile 10.6
Median 16.1
70th Percentile 26.9
Max 36 378.1

IGB Real Estate Investment Trust
Glance View

Market Cap
12.4B MYR
Industry
N/A

IGB Real Estate Investment Trust, a prominent player in the Malaysian real estate landscape, has built its reputation on a solid foundation of strategic property investments and successful management. Established as a vehicle to invest in retail properties, the trust primarily focuses on acquiring and managing high-quality shopping malls situated in prime urban locations. At the heart of its operations are its two flagship assets, Mid Valley Megamall and The Gardens Mall, both of which are integral to the bustling commercial life of Kuala Lumpur. These malls not only attract a substantial flow of local and international shoppers but also boast a diverse mix of tenants that range from luxury brands to dynamic food and beverage outlets. This diversified tenant mix helps to mitigate risk while maximizing the foot traffic and revenue generated from leasing agreements. The financial engine driving IGB Real Estate Investment Trust is its adept management of leasable retail space, with a keen focus on optimizing occupancy rates and rental yields. By engaging in proactive asset enhancement initiatives, the trust ensures its properties remain competitive and appealing, which in turn sustains and enhances rental income over time. This careful balance between maintaining property appeal and managing operational efficiencies helps to deliver steady cash flow to its investors. Furthermore, IGB REIT thrives on its ability to foster and maintain robust relationships with tenants, alongside sustaining a superior shopping experience for consumers. This dual focus not only anchors its revenue streams but also exemplifies its strategic foresight in navigating the cyclical nature of real estate markets.

IGBREIT Intrinsic Value
1.69 MYR
Overvaluation 41%
Intrinsic Value
Price MYR2.87
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