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Collins Property Group (CPP) Fair Value & Analysis

Real Estate · ZA · Market cap 3.6B ZAR

CP Collins Property Group CPP · JSE
Price10.61 ZAR
Fair Value26.22 ZAR
Upside+147.1%
Quality47/100
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Expensive Growth
Highly profitable · 74.4% net margin
Moderate debt · generates free cash flow
0.10% dividend yield
Ranks above peers (9/14)
Wide moat 71/100
Evidence: High Range 19.52 ZAR – 41.38 ZAR Share as image

Fair value as of: Jul 15, 2026

From 12 valuation models · updated 26 days ago

Share price +6.5% over the past month.

Below-average quality, screening 147% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (19.52 ZAR). The market is more pessimistic than our downside scenario.
  • Solid quality (47/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (19.52 ZAR to 41.38 ZAR) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

10.81 ZAR 0.0545 ZAR Fair Value 26.22 ZAR Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range 0.0545 ZAR – 10.81 ZAR · fair‑value band 19.52 ZAR – 41.38 ZAR · the 10.61 ZAR price screens below the 26.22 ZAR fair value. Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Collins Property Group (CPP) currently trades at 10.61 ZAR, while our model-based Fair Value estimate is 26.22 ZAR, implying the stock looks roughly 147.1% undervalued today. The Quality Score stands at 47/100 (below-average quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Collins Property Group generated revenue of 1.3B ZAR at a net margin of 74.4%. Revenue grew 48.7% year over year. It earns a return on equity of 17.0%. Net debt stands at 6.2B ZAR. Fundamentals as of Jul 15, 2026

Our scenario range runs from 19.52 ZAR (bear case) to 41.38 ZAR (bull case); at 10.61 ZAR, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Real Estate peers we cover trades at -2% fair-value upside, at 147%, CPP screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Rev-Margin DCF 3.95 ZAR 13.49 ZAR 74
Residual Income 18.31 ZAR 24.00 ZAR 66.45 ZAR 61
P/S Multiple 19.52 ZAR 26.02 ZAR 32.53 ZAR 58
All 12 models by family
DCF Models
5Y Revenue Exit 4.13 ZAR 15.71 ZAR 39
5Y EBITDA Exit 3.27 ZAR 18.97 ZAR 36.88 ZAR 41
10Y Revenue Exit 7.01 ZAR 36
10Y EBITDA Exit 7.38 ZAR 22.18 ZAR 37
Multiples
P/S Multiple 19.52 ZAR 26.02 ZAR 32.53 ZAR 58
P/B Multiple 26.56 ZAR 35.42 ZAR 44.27 ZAR 55
EV/EBIT 29.37 ZAR 44.83 ZAR 60.30 ZAR 53
EV/EBITDA 19.11 ZAR 31.15 ZAR 43.20 ZAR 54
EV/Revenue 2.59 ZAR 10.99 ZAR 19.40 ZAR 43
Asset-Based
NCAV (Graham) 8.85 ZAR 11.87 ZAR 17.71 ZAR 50
Growth DCF
Rev-Margin DCF 3.95 ZAR 13.49 ZAR 74
Economic Profit
Residual Income 18.31 ZAR 24.00 ZAR 66.45 ZAR 61

Widest divergence: Multiples (31.15 ZAR) versus Growth DCF (3.95 ZAR). Highest evidence: Rev-Margin DCF (74).

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Key figures & financial health

Revenue (TTM) 1.3B ZAR
Revenue growth (YoY) +48.7%
Net margin 74.4%
Return on equity 17.0%
Free cash flow 42.0M ZAR FY2026
P/E ratio 3.8
More key figures
Operating margin 69.9%
EPS (TTM) 2.88 ZAR
Dividend yield 0.1%
EPS growth (YoY) +101%
Net debt 6.2B ZAR FY2026

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 43 · Market factors (momentum, volatility) 85

Profitability 46
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 27
Earnings quality: real cash, not paper profit
Fin. Strength 31
Balance sheet, leverage, solvency risk
Investment 64
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 99
Distance to the 52-week high (market factor)
Net Issuance 40
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Collins Property Group Limited, an investment holding company, owns, develops, manages, and leases real estate properties. Its portfolio includes retail, office, industrial, residential, and leisure properties. The company is also involved in the ownership and development of commercial properties, as well as provision of rental and treasury services.

Full company description

Collins Property Group Limited, an investment holding company, owns, develops, manages, and leases real estate properties. Its portfolio includes retail, office, industrial, residential, and leisure properties. The company is also involved in the ownership and development of commercial properties, as well as provision of rental and treasury services. It operates in South Africa, Mozambique, Namibia, Zambia, Austria, Switzerland, Luxembourg, Malta, and Mauritius. The company was formerly known as Tradehold Limited and changed its name to Collins Property Group Limited in June 2023. Collins Property Group Limited was incorporated in 1970 and is based in Umhlanga, South Africa.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Collins Property Group reported revenue of 1.3B ZAR in FY2026 versus 1.1B ZAR in FY2022, a compound +4.2%/yr. Reported net income was 950M ZAR in FY2026, compounding +23.1%/yr from FY2022.

Growth Quality 59/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
1.3B ZAR
Latest YoY
+4.6%
Avg. growth/yr (3Y) 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.
+4.9%
Revenue +4.2%/yr
FY22 1.1B ZAR
FY23 1.1B ZAR
FY24 1.3B ZAR
FY25 1.3B ZAR
FY26 1.3B ZAR
Net income +23.1%/yr
FY22 413M ZAR
FY23 158M ZAR
FY24 1.1B ZAR
FY25 557M ZAR
FY26 950M ZAR

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Cite: Fair Value Calculator (2026). "Collins Property Group Fair Value". https://www.fairvalue-calculator.com/stock/CPP

Peer Group

Real Estate Services · 520 stocks

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.

Quality Score 48 · Below median
Fair Value upside +147% · Top 25%
Return on equity (TTM) 17% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 74% · Top 25%
Operating margin (TTM) 70% · Top 25%
Revenue growth 49% · Top 25%
Dividend yield (TTM) 0.1% · Below median
Debt / equity 1.00× · Higher than 75% of peers

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 3.8× · Cheaper than 75% of peers
P/B 0.62× · Cheaper than median
P/S (TTM) 2.85× · Pricier than median
P/FCF 5.2× · Pricier than median
EV/EBITDA 9.8× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 37
FUTURE 100 · sector 10
PAST 68 · sector 16
HEALTH 50 · sector 85
DIVIDEND 2 · sector 49

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Vingroup Joint Stock Company VIC 223,000 VND 25,731 VND -88%
KE Holdings 2423 HK$44.76 HK$18.03 -60%
Swire Properties Limited 1972 HK$23.90 HK$18.75 -22%
Plaza S.A MALLPLAZA 3,725 CLP 5,571 CLP +50%
SAGAA SAGAA kr 170.00 kr 75.55 -56%
Cencosud Shopping S.A CENCOMALLS 2,324 CLP 2,976 CLP +28%
PT Sarana Menara Nusantara Tbk. owns and TOWR 372.00 IDR 1,208 IDR +225%
PT Metropolitan Kentjana Tbk MKPI 20,975 IDR 19,160 IDR -9%
PT Bangun Kosambi Sukses Tbk, CBDK 3,530 IDR 3,464 IDR -2%
IRSA Inversiones y Representaciones Sociedad Anónima, IRSA 2,495 ARS 3,998 ARS +60%

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Frequently asked questions

Is Collins Property Group (CPP) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 26.22 ZAR versus a price of 10.61 ZAR, about +147% (undervalued).
What is the fair value of CPP?
Our model-based fair value for Collins Property Group is 26.22 ZAR (as of Jul 15, 2026), built from audited fundamentals. The current price is 10.61 ZAR.
What is the quality score of CPP?
Collins Property Group has a Quality Score of 47/100. 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 revenue of Collins Property Group (CPP)?
Collins Property Group reported trailing-twelve-month revenue of about 1.3B ZAR (latest available figure, as of Jul 15, 2026).
What is the net profit margin of CPP?
The net profit margin of Collins Property Group is about 74.4%, meaning it keeps roughly 74.4% of revenue as net income. Based on the latest reported figures.
Does Collins Property Group pay a dividend?
Collins Property Group currently shows a dividend yield of about 0.09% relative to its recent price (as of Jul 15, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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