Company Valuation: CapitaLand Ascendas REIT

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 12,384 11,519 13,313 11,309 13,052 12,088 - -
Change - -6.98% 15.57% -15.05% 15.41% -7.38% - -
Enterprise Value (EV) 1 18,704 18,091 20,258 18,296 20,163 19,704 19,986 20,134
Change - -3.28% 11.98% -9.69% 10.2% -2.28% 1.43% 0.74%
P/E 12.8x 15.3x 77.2x 15x 16.7x 15.4x 14.9x 14.3x
PBR 1.24x 1.16x 1.34x 1.13x 1.24x 1.03x 1.04x 1.04x
PEG - -0.7x -1x 0x -12.64x -2.09x 4.63x 3.02x
Capitalization / Revenue 10.1x 8.52x 9x 7.43x 8.48x 7.32x 6.97x 6.74x
EV / Revenue 15.3x 13.4x 13.7x 12x 13.1x 11.9x 11.5x 11.2x
EV / EBITDA 22.8x 20.8x 22x 19.2x 20.9x 18.6x 18.1x 17.6x
EV / EBIT 22.8x 20.8x 22x 19.2x 20.9x 18.7x 18.2x 17.8x
EV / FCF 30.5x 20.3x 25.8x 20.7x 21.1x 2,919x 22.1x 21.3x
FCF Yield 3.27% 4.93% 3.88% 4.84% 4.74% 0.03% 4.53% 4.7%
Dividend per Share 2 0.1526 0.158 0.1516 0.152 0.15 0.1511 0.1571 0.1626
Rate of return 5.17% 5.77% 5% 5.92% 5.3% 6.24% 6.49% 6.72%
EPS 2 0.2297 0.1789 0.0393 0.1718 0.1695 0.157 0.162 0.1697
Distribution rate 66.4% 88.3% 386% 88.5% 88.5% 96.3% 97% 95.8%
Net sales 1 1,226 1,353 1,480 1,523 1,539 1,651 1,736 1,794
EBITDA 1 819.9 868 920.4 951.3 963.5 1,061 1,104 1,142
EBIT 1 819.9 868 920.4 951.3 963.5 1,056 1,097 1,130
Net income 1 957 760.4 178.5 764.1 769.7 737 773.8 810.2
Net Debt 1 6,320 6,572 6,946 6,987 7,111 7,615 7,898 8,046
Reference price 2 2.950 2.740 3.030 2.570 2.830 2.420 2.420 2.420
Nbr of stocks (in thousands) 4,197,930 4,203,991 4,393,607 4,400,309 4,611,952 4,995,215 - -
Announcement Date 08/02/22 02/02/23 01/02/24 06/02/25 05/02/26 - - -
1SGD in Million2SGD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
40.02x15.84x16.12x5.25% 58.68B
16.89x23.5x28.16x3.41% 17.54B
8.83x12.4x14.72x5.43% 16.99B
20.12x16.81x24.13x5.01% 14.87B
10.15x13.77x16.37x5.11% 12.81B
8.39x21.22x28.71x3.02% 10.13B
27.92x11.06x17.43x3.88% 10.21B
15.48x11.97x18.61x6.22% 9.49B
27.87x7.05x11.49x6.28% 7.99B
Average 19.52x 14.85x 19.53x 4.85% 17.63B
Weighted average by Cap. 24.97x 15.60x 18.87x 4.91%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. A17U Stock
  4. ACDSF Stock
  5. Valuation CapitaLand Ascendas REIT