Oasis Crescent Property Fund (OAS) fair value: what the stock is really worth
As of Nov 2, 2026: fair value (intrinsic value) of Oasis Crescent Property Fund stock ZAR 8.61, price ZAR 29.39, that is 70.7% below the price, quality 56 out of 100. Rating: strongly overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
Oasis Crescent Property Fund is a well-diversified REIT invested in South African direct property investments, high quality global listed REITs and liquid instruments. The Fund is focused on meeting all tenant needs and maintaining world class facilities.
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The absence of debt and financial leverage delivers a more sustainable rate of growth during the normal course of operations but more importantly, the Fund is not exposed to the risk and negative effects of financial leverage during difficult times as we are currently experiencing.
The objective of the Manager is to protect and grow the real wealth of investors by providing sustainable growth in Net Asset Value (NAV) and delivering a consistent income stream that has potential to grow.
This objective is achieved through our diversification strategy and the active management of the direct property portfolio as covered in more detail under the Portfolio Overview section below.
Our focused approach has delivered significant real wealth creation for investors with an annualised total unitholder return of 10.0% relative to annualised inflation of 5.5% since inception, resulting in a real return of 4.5%. The Fund's annualised total intrinsic value return is 11.3% per annum since inception.
Oasis Crescent Property Fund was established on November 23, 2005 and incorporated in South Africa.
Stock analysis
Oasis Crescent Property Fund (OAS) currently trades at R29.39, while our model-based Fair Value estimate is R8.61, 71% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of R20.76 per share, and 1 of the 16 models we run sit above the R29.39 price.
Bear case: the Dividend Discount group reads lowest at R3.06, and 15 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: R4.89 (bear) to R13.67 (bull), the price of R29.39 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Oasis Crescent Property Fund reported revenue of 153M ZAR in FY2026 versus 97.1M ZAR in FY2022, a compound +12.0%/yr. Reported net income was 125M ZAR in FY2026, compounding −10.8%/yr from FY2022.
Key figures
Market cap 1.9B ZAR Micro · P/E ratio 16.2 · P/S ratio 12.7 · EPS (TTM) R1.81 · Dividend yield 4.1% · Net margin 77.8% · Return on equity 6.3% · Return on assets (EBIT) 5.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 40% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 5% fair-value upside, at −71%, OAS screens richer than that median.
Fair Value models
BearR4.89Fair Value R8.61BullR13.67
Price R29.39 · Downside -70.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (0.3649 ZAR per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+8.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.7%
Start year 2021 (pandemic). Over 10 years: +5.1% a year
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.8%
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What shareholders gained per year (last 5 years), in ZAR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in ZAR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+8.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.2%
Dividend (yield on the price)4.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.4.2% vs 3.4%, steady
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.54% → 53%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+58.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Africa: IMF forecast 3.3% a year to 2030, 4.9% from 2016 to 2025) that is about +53.5% a year for the price.
Compare Oasis Crescent Property Fund with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Diversified · 138 stocks
Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score56 · Below median
Fair Value upside−70.7% · Bottom 25%
Profitability
Return on equity (12 months)6.3% · Above median
Return on assets6.4% · Top 25%
Net margin (12 months)77.8% · Top 25%
Operating margin (12 months)50.2% · Above median
Growth and dividend
Revenue growth (quarter YoY)0.2% · Below median
Dividend yield (12 months)4.1% · Below median
Valuation Multiplesvs REIT - Diversified median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Oasis Crescent Property Fund Fair Value". https://www.fairvalue-calculator.com/stock/OAS
Frequently asked questions
Is Oasis Crescent Property Fund (OAS) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of R8.61 versus a price of R29.39, about 71% lower (overvalued).
What is the fair value of OAS?
Our model-based fair value for Oasis Crescent Property Fund is R8.61 (as of Nov 6, 2026), built from audited fundamentals. The current price: R29.39.
What is the quality score of OAS?
Oasis Crescent Property Fund has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Oasis Crescent Property Fund (OAS)?
Our model-based price target is the fair value of R8.61 (as of Nov 6, 2026) from 16 valuation models. Cautious scenario R4.89, optimistic scenario R13.67. It is a calculation from audited fundamentals, not an analyst target.
What is the Oasis Crescent Property Fund stock forecast for 2026?
Our models put fair value at R8.61, about 71% lower versus a price of R29.39 (overvalued). Cautious scenario R4.89, optimistic scenario R13.67. The calculation is refreshed regularly with new filings.
What is the revenue of Oasis Crescent Property Fund (OAS)?
Oasis Crescent Property Fund reported trailing-twelve-month revenue of about 153M ZAR (latest available figure, as of Nov 6, 2026).
Does Oasis Crescent Property Fund pay a dividend?
Oasis Crescent Property Fund currently shows a dividend yield of 4.12% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Oasis Crescent Property Fund (OAS) and when is the ex-dividend date?
Oasis Crescent Property Fund pays a dividend of R1.21 per share a year, a dividend yield of 4.1%. The next ex-dividend date is Dec 2, 2026. The payout ratio is 66.9% of earnings. Free cash flow covers the dividend 0.22 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into Oasis Crescent Property Fund (OAS)?
For today's price to be fair in a discounted-cash-flow model, Oasis Crescent Property Fund would have to grow free cash flow by +58.6 % per year for five years (discount rate 14.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.7 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of OAS use?
Our models discount Oasis Crescent Property Fund at 14.9 %: a base by market capitalisation (micro), damped by beta 0.07, country premium for South Africa. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Oasis Crescent Property Fund that is +58.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (14.9 %) and the same formula as our fair value.
How much growth has Oasis Crescent Property Fund (OAS) delivered so far?
Over the past 5 years revenue at Oasis Crescent Property Fund grew +7.7 % a year. The price currently implies free-cash-flow growth of +58.6 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Oasis Crescent Property Fund (OAS) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Oasis Crescent Property Fund (+58.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Oasis Crescent Property Fund (OAS)?
The free-cash-flow yield on the price is 0.91 %: that much free cash flow Oasis Crescent Property Fund produces per unit of market value. When it exceeds the discount rate of our models (14.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Oasis Crescent Property Fund (OAS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Oasis Crescent Property Fund it is R8.61 per share (as of Nov 6, 2026), against a price of R29.39. It is the blended result of 16 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Oasis Crescent Property Fund stock overvalued or undervalued in 2026?
As of Nov 6, 2026, OAS trades above its calculated fair value: price R29.39, fair value R8.61, a gap of about −71% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of OAS?
No. The price is what the market pays today (R29.39); the fair value is what the company's own numbers justify (R8.61). For Oasis Crescent Property Fund the two are R20.78 per share apart. That gap is exactly why we show both numbers side by side.
How much is Oasis Crescent Property Fund worth?
The market values Oasis Crescent Property Fund at about 1.9B ZAR (market capitalisation, as of Nov 6, 2026). Per share that is R29.39; our models calculate a fair value of R8.61 per share.
What do the bullish and bearish scenarios say about OAS?
Our models span a range for Oasis Crescent Property Fund: cautious scenario R4.89, base R8.61, optimistic R13.67 per share (as of Nov 6, 2026, price R29.39). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of OAS?
Oasis Crescent Property Fund trades at a price-to-earnings ratio of 16.2 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of R8.61 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2019 to 2026), reported earnings: 11.7. Other multiples: P/B 1.0, P/S 12.7, EV/EBITDA 24.4.
How solid is the balance sheet of Oasis Crescent Property Fund (OAS)?
Balance-sheet figures for Oasis Crescent Property Fund (as of Nov 6, 2026): return on equity 6.3%. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is OAS from its 52-week high?
Oasis Crescent Property Fund trades at R29.39, about 5% below its 52-week high of R31.00 and 40% above the low of R21.00 (as of Nov 2, 2026). Distance from the high says nothing about value: that is what the fair value of R8.61 is for.
Which stocks are comparable to Oasis Crescent Property Fund?
From the same area (Real Estate) we also value Goodman Group, VICI Properties Inc, W. P. Carey Inc, Charter Hall Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Oasis Crescent Property Fund stock attractive at the current price?
The data as of Nov 6, 2026: price R29.39, calculated fair value R8.61 (−71%), Quality Score 56/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of OAS calculated?
We run Oasis Crescent Property Fund through 16 models from 6 families: DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of R8.61 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Oasis Crescent Property Fund itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Oasis Crescent Property Fund (OAS)?
The closing price on Nov 2, 2026 was R29.39. Our model-based fair value is R8.61, about 71% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Oasis Crescent Property Fund right now?
The price sits above even our optimistic bull case (R13.67). The favourable scenario is already priced in. The model range is unusually wide (R4.89 to R13.67). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Oasis Crescent Property Fund
How large is the market capitalisation of Oasis Crescent Property Fund (OAS)?
The market capitalisation of Oasis Crescent Property Fund is 1.9B ZAR. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Oasis Crescent Property Fund (OAS)?
The price-to-sales ratio of Oasis Crescent Property Fund is 12.7 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Oasis Crescent Property Fund (OAS)?
Earnings per share at Oasis Crescent Property Fund are R1.81 (price ÷ EPS = P/E 16.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Oasis Crescent Property Fund (OAS)?
The dividend yield of Oasis Crescent Property Fund is 4.1% (payout 66.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Oasis Crescent Property Fund (OAS)?
The net margin of Oasis Crescent Property Fund is 77.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Oasis Crescent Property Fund (OAS)?
The return on equity (ROE) of Oasis Crescent Property Fund is 6.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Oasis Crescent Property Fund (OAS)?
On an EBIT basis the return on assets of Oasis Crescent Property Fund is 5.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Oasis Crescent Property Fund (OAS)?
The operating margin of Oasis Crescent Property Fund is 50.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Oasis Crescent Property Fund (OAS)?
Revenue at Oasis Crescent Property Fund is growing +0.2% versus a year earlier (3y avg +11.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Oasis Crescent Property Fund (OAS)?
Earnings per share at Oasis Crescent Property Fund are growing −14.4% versus a year earlier. How much earnings per share grew versus a year earlier.
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Broad data
Nov 6, 2026