Collins Property Group (CPP) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Collins Property Group stock ZAR 11.60, price ZAR 11.25, upside +3.1%, quality 49 out of 100. Rating: fairly valued. Calculated from audited financials with 12 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range R5.75 – R13.46 · fair‑value band R11.60 – R17.31 · the R11.25 price screens below the R11.60 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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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.
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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.
Stock analysis
Collins Property Group (CPP) currently trades at R11.25, while our model-based Fair Value estimate is R11.60, so the stock looks roughly fairly valued today (gap 3.0%).
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Valuation
Bull case: the Multiples group reads highest at a median of R25.99 per share, and 6 of the 11 models we run sit above the R11.25 price.
Bear case: the Growth DCF group reads lowest at R4.82, and 5 of the 11 models stay below the price. Data coverage for this calculation is low.
Scenario range: R11.60 (bear) to R17.31 (bull), the price of R11.25 sits below 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 49/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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.
Key figures
Market cap 3.7B ZAR Micro · P/E ratio 3.9 · P/S ratio 2.91 · EPS (TTM) R2.88 · Dividend yield 9.4% · Net margin 74.4% · Return on equity 17.0% · Return on assets (EBIT) 6.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 73 out of 100 (low confidence).
What moves the price
The share trades about 10% below its 52-week high and 20% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −16% fair-value upside, at 3%, CPP screens cheaper than that median.
Fair Value models
BearR11.60Fair Value R11.60BullR17.31
Price R11.25 · Upside +3.1%
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 8 months old). Earnings retained since then (1.27 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.59/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+4.6%
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.
+4.9%
’22
’23
’24
’25
’26
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. Basis: EBIT basis. 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.
≈ +5.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.1%
Dividend (yield on the price)9.4%
Profit margin 2022 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.80% → 70%
⚠ Rate on operating basis: 2026 sits 70% above its own trend.
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).
+77.7%
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 +72.0% a year for the price.
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.Real Estate Services · 472 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside+3.1% · Below median
Profitability
Return on equity (12 months)17.0% · Top 25%
Return on assets7.4% · Top 25%
Net margin (12 months)74.4% · Top 25%
Operating margin (12 months)69.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)48.7% · Top 25%
Dividend yield (12 months)9.4% · Top 25%
Balance sheet
Debt / equity1.00× · Highest 25%
Valuation Multiplesvs Real Estate Services 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). "Collins Property Group Fair Value". https://www.fairvalue-calculator.com/stock/CPP
Frequently asked questions
Is Collins Property Group (CPP) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of R11.60 versus a price of R11.25, about +3% upside (fairly valued).
What is the fair value of CPP?
Our model-based fair value for Collins Property Group is R11.60 (as of Nov 8, 2026), built from audited fundamentals. The current price: R11.25.
What is the quality score of CPP?
Collins Property Group has a Quality Score of 49/100. 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 Collins Property Group (CPP)?
Our model-based price target is the fair value of R11.60 (as of Nov 8, 2026) from 12 valuation models. Cautious scenario R11.60, optimistic scenario R17.31. It is a calculation from audited fundamentals, not an analyst target.
What is the Collins Property Group stock forecast for 2026?
Our models put fair value at R11.60, about +3% upside versus a price of R11.25 (fairly valued). Cautious scenario R11.60, optimistic scenario R17.31. The calculation is refreshed regularly with new filings.
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 Nov 8, 2026).
Does Collins Property Group pay a dividend?
Collins Property Group currently shows a dividend yield of 9.42% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Collins Property Group (CPP) and when is the ex-dividend date?
Collins Property Group pays a dividend of R1.06 per share a year, a dividend yield of 9.4%. The last ex-dividend date was Jun 3, 2026. A dividend has been paid every year since 2013. The payout ratio is 36.8% of earnings. Free cash flow covers the dividend 0.12 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 Collins Property Group (CPP)?
For today's price to be fair in a discounted-cash-flow model, Collins Property Group would have to grow free cash flow by +77.7 % per year for five years (discount rate 14.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +4.2 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of CPP use?
Our models discount Collins Property Group at 14.9 %: a base by market capitalisation (micro), damped by beta 0.34, 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 Collins Property Group that is +77.7 % 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 Collins Property Group (CPP) delivered so far?
Over the past 4 years revenue at Collins Property Group grew +4.2 % a year. The price currently implies free-cash-flow growth of +77.7 % 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 Collins Property Group (CPP) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Collins Property Group (+77.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Collins Property Group (CPP)?
The free-cash-flow yield on the price is 1.13 %: that much free cash flow Collins Property Group 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 Collins Property Group (CPP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Collins Property Group it is R11.60 per share (as of Nov 8, 2026), against a price of R11.25. It is the blended result of 12 valuation models in 5 families (DCF Models, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Collins Property Group stock overvalued or undervalued in 2026?
As of Nov 8, 2026, CPP trades below its calculated fair value: price R11.25, fair value R11.60, a gap of about +3% (fairly valued). 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 CPP?
No. The price is what the market pays today (R11.25); the fair value is what the company's own numbers justify (R11.60). For Collins Property Group the two are R0.3500 per share apart. That gap is exactly why we show both numbers side by side.
How much is Collins Property Group worth?
The market values Collins Property Group at about 3.7B ZAR (market capitalisation, as of Nov 8, 2026). Per share that is R11.25; our models calculate a fair value of R11.60 per share.
What do the bullish and bearish scenarios say about CPP?
Our models span a range for Collins Property Group: cautious scenario R11.60, base R11.60, optimistic R17.31 per share (as of Nov 8, 2026, price R11.25). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CPP?
Collins Property Group trades at a price-to-earnings ratio of 3.9 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of R11.60 is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2022 to 2026), reported earnings: 5.9. Other multiples: P/B 0.6, P/S 2.9, EV/EBITDA 9.9.
How solid is the balance sheet of Collins Property Group (CPP)?
Balance-sheet figures for Collins Property Group (as of Nov 8, 2026): return on equity 17.0%, debt of 1.00 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is CPP from its 52-week high?
Collins Property Group trades at R11.25, about 10% below its 52-week high of R12.50 and 20% above the low of R9.35 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of R11.60 is for.
Which stocks are comparable to Collins Property Group?
From the same area (Real Estate) we also value CBRE Group, Cellnex Telecom, S.A, KE Holdings, Swire Properties Limited, 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 Collins Property Group stock attractive at the current price?
The data as of Nov 8, 2026: price R11.25, calculated fair value R11.60 (+3%), Quality Score 49/100, from 12 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 CPP calculated?
We run Collins Property Group through 12 models from 5 families: DCF Models, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of R11.60 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 13.3% above its aggregate fair value. Collins Property Group currently trades 3% below its own fair value, and the market average says nothing about that. 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 Collins Property Group (CPP)?
The closing price on Nov 6, 2026 was R11.25. Our model-based fair value is R11.60, about +3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Collins Property Group right now?
The price is below even our cautious bear case (R11.60). The market is more pessimistic than our downside scenario. The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Collins Property Group
How large is the market capitalisation of Collins Property Group (CPP)?
The market capitalisation of Collins Property Group is 3.7B 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 Collins Property Group (CPP)?
The price-to-sales ratio of Collins Property Group is 2.91 (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 Collins Property Group (CPP)?
Earnings per share at Collins Property Group are R2.88 (price ÷ EPS = P/E 3.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Collins Property Group (CPP)?
The dividend yield of Collins Property Group is 9.4% (payout 36.8%). 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 Collins Property Group (CPP)?
The net margin of Collins Property Group is 74.4% (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 Collins Property Group (CPP)?
The return on equity (ROE) of Collins Property Group is 17.0% (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 Collins Property Group (CPP)?
On an EBIT basis the return on assets of Collins Property Group is 6.6% (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 Collins Property Group (CPP)?
The operating margin of Collins Property Group is 69.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Collins Property Group (CPP)?
Revenue at Collins Property Group is growing +48.7% versus a year earlier (3y avg +4.9%). 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 Collins Property Group (CPP)?
Earnings per share at Collins Property Group are growing +101% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Collins Property Group (CPP) carry?
The net debt of Collins Property Group is 6.2B ZAR (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 8, 2026