Company Valuation: Axis Real Estate Investment Trust

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,171 2,937 3,128 3,478 3,888 3,685 - -
Change - -7.36% 6.49% 11.19% 11.78% -5.21% - -
Enterprise Value (EV) 1 4,160 4,440 4,631 5,108 5,543 5,367 5,417 5,470
Change - 6.74% 4.31% 10.29% 8.53% -3.19% 0.94% 0.97%
P/E 14.1x 15.4x 14.3x 14.7x 13.8x 17.1x 15.9x 15.4x
PBR 1.25x 1.14x 1.11x 1.05x 1.14x 1.07x 1.07x 1.07x
PEG - -1x 1.87x -2.63x 0.8x -0.7x 2.13x 5.15x
Capitalization / Revenue 12.9x 10.3x 10.8x 10.8x 10.7x 9.8x 9.23x 9.01x
EV / Revenue 16.9x 15.6x 16.1x 15.9x 15.2x 14.3x 13.6x 13.4x
EV / EBITDA 22.9x 20.8x 22.2x 21.2x 20.1x 18.1x 17x 18.1x
EV / EBIT 23x 20.9x 22.2x 21.2x 20.1x 19x 18.3x 18.1x
EV / FCF -55.4x 26x 178x -16.2x 31.1x 23.9x 19.6x 18.5x
FCF Yield -1.81% 3.85% 0.56% -6.17% 3.21% 4.18% 5.09% 5.4%
Dividend per Share 2 0.0949 0.0975 0.0865 0.0927 0.1055 0.1035 0.1119 0.1142
Rate of return 4.89% 5.45% 4.83% 5.36% 5.49% 5.69% 6.15% 6.27%
EPS 2 0.138 0.1161 0.125 0.118 0.1396 0.1067 0.1147 0.1181
Distribution rate 68.8% 84% 69.2% 78.6% 75.6% 97% 97.6% 96.7%
Net sales 1 246.2 284.2 288.4 322.2 365 376.2 399.1 409
EBITDA 1 181.7 213.4 208.8 241.5 276.1 297.3 319.2 302.2
EBIT 1 181.1 212.8 208.3 241.1 275.8 282.1 296.1 302.2
Net income 1 200.4 190.1 217.8 210 282.1 212.4 232.1 239.5
Net Debt 1 988.6 1,503 1,503 1,630 1,656 1,681 1,732 1,784
Reference price 2 1.940 1.790 1.790 1.730 1.920 1.820 1.820 1.820
Nbr of stocks (in thousands) 1,634,524 1,641,054 1,747,492 2,010,492 2,024,895 2,024,895 - -
Announcement Date 1/20/22 1/19/23 1/23/24 1/24/25 1/28/26 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.06x14.26x18.05x5.69% 903M
5x8.97x11.62x7.01% 4.53B
15.07x6.55x - 6.32% 239M
Average 12.38x 9.93x 14.84x 6.34% 1.89B
Weighted average by Cap. 7.35x 9.71x 12.69x 6.77%

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. 5106 Stock
  4. Valuation Axis Real Estate Investment Trust