PCTN Relative Valuation - Picton Property Income Ltd

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Price: 76.1 GBX -1.3% Market Closed

Market Cap: £391m

	Picton Property Income Ltd LSE:PCTN	UK

Multiples-Based Value

The Multiples-Based Value of one PCTN stock under the Base Case scenario is 16.09 GBX. Compared to the current market price of 76.1 GBX, Picton Property Income Ltd is Overvalued by 79%.

Multiples-Based Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is Relative Valuation?

How is Multiples-Based Value calculated?

PCTN Multiples-Based Value

Base Case

Overvaluation 79%

Multiples-Based Value

Price

Worst Case

Base Case

Best Case

Valuation Multiples

View Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
UK		Picton Property Income Ltd LSE:PCTN	395.5m GBP	7.5	9.7	18.1	18.2
ZA	G	Growthpoint Properties Ltd JSE:GRT	55.5B ZAR	4.1	10.7	13.8	13.8
ZA	R	Redefine Properties Ltd JSE:RDF	41.8B ZAR	3.8	10.1	13.5	13.5
US		WP Carey Inc NYSE:WPC	14.8B USD	8.6	31.8	16.6	26.8
ZA	F	Fairvest Ltd JSE:FTA	13.3B ZAR	6.1	9.1	14.1	14.1
ZA	A	Attacq Ltd JSE:ATT	12.2B ZAR	4.3	8.1	12	12.1
JP		KDX Realty Investment Corp OTC:KDXRF	9.5B USD	18.6	43.3	38.2	48
ES		MERLIN Properties SOCIMI SA MAD:MRL	7.9B EUR	14.8	10.2	27.2	27.5
ZA	S	SA Corporate Real Estate Fund Managers (Pty) Ltd JSE:SAC	9B ZAR	3.1	16	12.3	12.5
ZA	H	Heriot REIT Ltd JSE:HET	7.3B ZAR	4.3	5.3	12.3	12.6
AU		Stockland Corporation Ltd ASX:SGP	10.3B AUD	3.1	11.8	18.3	18.3

				Revenue Growth	P/S to Growth
UK		Picton Property Income Ltd LSE:PCTN	Average P/S: 7.1 7.5	-4%	N/A
ZA	G	Growthpoint Properties Ltd JSE:GRT	4.1	-11%	N/A
ZA	R	Redefine Properties Ltd JSE:RDF	3.8	-4%	N/A
US		WP Carey Inc NYSE:WPC	8.6	5%	1.7
ZA	F	Fairvest Ltd JSE:FTA	6.1	N/A	N/A
ZA	A	Attacq Ltd JSE:ATT	4.3	N/A	N/A
JP		KDX Realty Investment Corp OTC:KDXRF	18.6	3%	6.2
ES		MERLIN Properties SOCIMI SA MAD:MRL	14.8	14%	1.1
ZA	S	SA Corporate Real Estate Fund Managers (Pty) Ltd JSE:SAC	3.1	N/A	N/A
ZA	H	Heriot REIT Ltd JSE:HET	4.3	N/A	N/A
AU		Stockland Corporation Ltd ASX:SGP	3.1	10%	0.3

				Earnings Growth	PEG
UK		Picton Property Income Ltd LSE:PCTN	Average P/E: 15.1 9.7	-12%	N/A
ZA	G	Growthpoint Properties Ltd JSE:GRT	10.7	3%	3.6
ZA	R	Redefine Properties Ltd JSE:RDF	10.1	3%	3.4
US		WP Carey Inc NYSE:WPC	31.8	10%	3.2
ZA	F	Fairvest Ltd JSE:FTA	9.1	N/A	N/A
ZA	A	Attacq Ltd JSE:ATT	8.1	-10%	N/A
JP		KDX Realty Investment Corp OTC:KDXRF	43.3	2%	21.6
ES		MERLIN Properties SOCIMI SA MAD:MRL	10.2	-13%	N/A
ZA	S	SA Corporate Real Estate Fund Managers (Pty) Ltd JSE:SAC	16	N/A	N/A
ZA	H	Heriot REIT Ltd JSE:HET	5.3	N/A	N/A
AU		Stockland Corporation Ltd ASX:SGP	11.8	7%	1.7

				EBITDA Growth	EV/EBITDA to Growth
UK		Picton Property Income Ltd LSE:PCTN	Average EV/EBITDA: 17.9 18.1	3%	6
ZA	G	Growthpoint Properties Ltd JSE:GRT	13.8	-1%	N/A
ZA	R	Redefine Properties Ltd JSE:RDF	13.5	0%	N/A
US		WP Carey Inc NYSE:WPC	16.6	9%	1.8
ZA	F	Fairvest Ltd JSE:FTA	14.1	N/A	N/A
ZA	A	Attacq Ltd JSE:ATT	12	N/A	N/A
JP		KDX Realty Investment Corp OTC:KDXRF	38.2	3%	12.7
ES		MERLIN Properties SOCIMI SA MAD:MRL	27.2	15%	1.8
ZA	S	SA Corporate Real Estate Fund Managers (Pty) Ltd JSE:SAC	12.3	N/A	N/A
ZA	H	Heriot REIT Ltd JSE:HET	12.3	N/A	N/A
AU		Stockland Corporation Ltd ASX:SGP	18.3	18%	1

				EBIT Growth	EV/EBIT to Growth
UK		Picton Property Income Ltd LSE:PCTN	Average EV/EBIT: 19.8 18.2	4%	4.6
ZA	G	Growthpoint Properties Ltd JSE:GRT	13.8	-3%	N/A
ZA	R	Redefine Properties Ltd JSE:RDF	13.5	5%	2.7
US		WP Carey Inc NYSE:WPC	26.8	9%	3
ZA	F	Fairvest Ltd JSE:FTA	14.1	N/A	N/A
ZA	A	Attacq Ltd JSE:ATT	12.1	4%	3
JP		KDX Realty Investment Corp OTC:KDXRF	48	N/A	N/A
ES		MERLIN Properties SOCIMI SA MAD:MRL	27.5	22%	1.3
ZA	S	SA Corporate Real Estate Fund Managers (Pty) Ltd JSE:SAC	12.5	N/A	N/A
ZA	H	Heriot REIT Ltd JSE:HET	12.6	N/A	N/A
AU		Stockland Corporation Ltd ASX:SGP	18.3	17%	1.1

Picton Property Income Ltd
LSE:PCTN

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

PCTN Competitors Multiples
Picton Property Income Ltd Competitors

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Picton Property Income Ltd LSE:PCTN

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

PCTN Competitors Multiples Picton Property Income Ltd Competitors

See Also

Company

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Stocks

Picton Property Income Ltd
LSE:PCTN

PCTN Competitors Multiples
Picton Property Income Ltd Competitors