EN DE
Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation

Fairvest Ltd (FTA) fair value: what the stock is really worth

We calculate from audited financials what Fairvest Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
  3. Add to watchlist

Real Estate · ZA · ISIN ZAE000304788

FL Broad data Sep 19, 2026

Fairvest Ltd

FTA · JSE

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

✓Fair value R49.63 · Strongly undervalued (+150%)
!Quality 37/100
!Mixed Growth (revenue YoY +6.8 %/yr)
✓Highly profitable · 61.8% net margin (TTM)
!Low debt · negative free cash flow
·7.29% dividend yield
✓Ranks above peers (8/13)
✓Wide moat 74/100
!Insider activity 45/100
Watch Fairvest Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free Pro now: $1 first month

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

R21.00 R5.80 Fair Value R49.63 Dec 2011 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 19, 2026.

How to read this chart

60‑month range R5.80 – R21.00 · fair‑value band R43.10 – R87.20 · the R19.85 price screens below the R49.63 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 19, 2026.

Which stocks are undervalued right now? Check free Discover now →

Company profile

Fairvest Limited (Fairvest) is a diversified South African Real Estate Investment Trust (REIT) focused on creating long-term shareholder value. Fairvest holds a portfolio of 130 retail, office and industrial properties valued at R13.4 billion (held directly and through subsidiaries).

Show more

Fairvest Limited (Fairvest) is a diversified South African Real Estate Investment Trust (REIT) focused on creating long-term shareholder value. Fairvest holds a portfolio of 130 retail, office and industrial properties valued at R13.4 billion (held directly and through subsidiaries). The average value per property held as of 30 September 2025 was R103.3 million. As of 30 September 2025, Fairvest held a 23.6% interest (2024: 5.0%) in Dipula Properties Limited (Dipula). As of 30 September 2025, Fairvest held a 79.9% interest (2024: 0%) in Onepath Investments (RF) Proprietary Limited (Onepath). Onepath owns fibre infrastructure in townships which is rented to a fibre network operator to provide high quality internet access to township homes and communities. Fairvest Limited was incorporated in 1998 in South Africa.

Stock analysis

Fairvest Ltd (FTA) currently trades at R19.85, while our model-based Fair Value estimate is R49.63, implying the stock looks roughly 60.0% undervalued today.

Show more

Valuation

Bull case: the Multiples group reads highest at a median of R267.96 per share, and 9 of the 9 models we run sit above the R19.85 price.

Bear case: the Dividend Discount group reads lowest at R106.72, and 0 of the 9 models stay below the price. Evidence for this calculation is high.

Scenario range: R43.10 (bear) to R87.20 (bull), the price of R19.85 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 37/100 (below-average quality), in the Real Estate sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Fairvest Ltd reported revenue of 2.2B ZAR in FY2025 versus 550M ZAR in FY2021, a compound +41.1%/yr. Reported net income was 1.5B ZAR in FY2025, compounding +50.0%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.

Key figures

Market cap 39.3B ZAC · P/E ratio 10.4 · P/S ratio 6.98 · EPS (TTM) R1.83 · Dividend yield 7.3% · Net margin 67.3% · Return on equity 15.9% · Return on assets (EBIT) 7.9%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).

What moves the price

For context, the median of 10 Real Estate peers we cover trades at −43% fair-value upside, at 150%, FTA screens cheaper than that median.

Fair Value models

Bear R43.10 Fair Value R49.63 Bull R87.20
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (0.3736 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. Evidence ⓘEvidence = 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.
Highest evidence
EV/EBITDA R189.26 R267.96 R346.66 67
EV/EBIT R256.69 R357.87 R459.04 66
Residual Income R168.15 R209.39 R497.16 66
All 9 models by family
Dividend Discount
Gordon GGM R60.87 R126.56 R200.77 63
DDM Multi-Stage R60.87 R106.72 R132.83 64
Multiples
P/S Multiple R169.38 R225.84 R282.30 58
P/B Multiple R263.20 R350.93 R438.66 55
EV/EBIT R256.69 R357.87 R459.04 66
EV/EBITDA R189.26 R267.96 R346.66 67
EV/Revenue R120.57 R192.31 R264.05 53
Asset-Based
NCAV (Graham) R87.73 R117.56 R175.46 54
Economic Profit
Residual Income R168.15 R209.39 R497.16 66

Open the full fair value analysis →

Notify me when FTA reaches fair value

Put FTA on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Quality Score breakdown

Overall quality 37/100

Of which business quality 35 · Market factors (momentum, volatility) 63

Profitability 54
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 51
Price trend over the last 3–12 months (market factor)
52W Momentum 73
Distance to the 52-week high (market factor)
Net Issuance 38
Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

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. 37/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
≈ +30.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+23.1%
Dividend (yield on the price)7.3%
Profit margin 2021 to 2025 ⓘ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.58% → 53%
⚠ Rate on operating basis: 2025 sits 126% above its own trend.

Watch FTA, get fair value alerts →

Compare Fairvest Ltd with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

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 - Retail · 93 stocks

Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 36 · Bottom 25%
Fair Value upside +147% · Top 25%
Profitability
Return on equity (TTM) 16% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 62% · Above median
Operating margin (TTM) 57% · Below median
Growth and dividend
Revenue growth 18% · Top 25%
Dividend yield (TTM) 7.3% · Above median
Balance sheet
Debt / equity 0.27× · Lowest 25%

Valuation Multiplesvs REIT - Retail median · lower = cheaper

P/E (TTM) 10.4× · Cheaper than median
P/B 3.77× · Priciest 25%
P/S (TTM) 15.94× · Priciest 25%
EV/EBITDA 29.0× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 8
FUTURE (revenue growth)91 · sector 22
PAST (return on equity)63 · sector 32
HEALTH (low debt)86 · sector 68
DIVIDEND (yield)100 · sector 100

Context: sector, industry, market

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

Similar stocks

10 more REIT - Retail stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Simon Property Group SPG $202.94 $84.26 −58%
Realty Income Corporation O $57.15 $82.78 +45%
Unibail-Rodamco-Westfield SE URW €94.38 €89.06 −6%
Kimco Realty Corporation KIM $22.59 $12.49 −45%
CapitaLand Integrated Commercial Trust (CICT or the Trust) C38U 2.28 SGD 1.31 SGD −43%
Scentre Group SCG A$3.50 A$2.37 −32%
Regency Centers Corporation REG $73.26 $20.56 −72%
Link Real Estate Investment Trust (Link REIT) 0823 HK$36.72 HK$28.78 −22%
Federal Realty Investment Trust FRT $112.42 $41.47 −63%
Brixmor Property Group BRX $28.05 $12.34 −56%

Explore undervalued stocks

More undervalued Real Estate stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Calculator with industry benchmark Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
For bloggers & editors: embed code + live data

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.

Fairvest Ltd · Fair Value
R49.63 +60%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "Fairvest Ltd Fair Value". https://www.fairvalue-calculator.com/stock/FTA

Frequently asked questions

Is Fairvest Ltd (FTA) overvalued or undervalued?
As of Sep 19, 2026, our model estimates a fair value of R49.63 versus a price of R19.85, about +150% upside (undervalued).
What is the fair value of FTA?
Our model-based fair value for Fairvest Ltd is R49.63 (as of Sep 19, 2026), built from audited fundamentals. The current price: R19.85.
What is the quality score of FTA?
Fairvest Ltd has a Quality Score of 37/100. 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 Fairvest Ltd (FTA)?
Our model-based price target is the fair value of R49.63 (as of Sep 19, 2026) from 9 valuation models. Cautious scenario R43.10, optimistic scenario R87.20. It is a calculation from audited fundamentals, not an analyst target.
What is the Fairvest Ltd stock forecast for 2026?
Our models put fair value at R49.63, about +150% upside versus a price of R19.85 (undervalued). Cautious scenario R43.10, optimistic scenario R87.20. The calculation is refreshed regularly with new filings.
What is the revenue of Fairvest Ltd (FTA)?
Fairvest Ltd reported trailing-twelve-month revenue of about 2.6B ZAR (latest available figure, as of Sep 19, 2026).
Does Fairvest Ltd pay a dividend?
Fairvest Ltd currently shows a dividend yield of about 7.29% relative to its recent price (as of Sep 19, 2026).
What is the intrinsic value of Fairvest Ltd (FTA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fairvest Ltd it is R49.63 per share (as of Sep 19, 2026), against a price of R19.85. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Fairvest Ltd stock overvalued or undervalued in 2026?
As of Sep 19, 2026, FTA trades below its calculated fair value: price R19.85, fair value R49.63, a gap of about +150% (undervalued). 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 FTA?
No. The price is what the market pays today (R19.85); the fair value is what the company's own numbers justify (R49.63). For Fairvest Ltd the two are R29.78 per share apart. That gap is exactly why we show both numbers side by side.
How much is Fairvest Ltd worth?
The market values Fairvest Ltd at about 39.3B ZAC (market capitalisation, as of Sep 19, 2026). Per share that is R19.85; our models calculate a fair value of R49.63 per share.
What do the bullish and bearish scenarios say about FTA?
Our models span a range for Fairvest Ltd: cautious scenario R43.10, base R49.63, optimistic R87.20 per share (as of Sep 19, 2026, price R19.85). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FTA?
Fairvest Ltd trades at a price-to-earnings ratio of 10.4 (as of Sep 19, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of R49.63 is built from several models across several years. Other multiples: P/B 3.8, P/S 15.9, EV/EBITDA 29.0.
How solid is the balance sheet of Fairvest Ltd (FTA)?
Balance-sheet figures for Fairvest Ltd (as of Sep 19, 2026): return on equity 15.9%, debt of 0.27 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
Which stocks are comparable to Fairvest Ltd?
From the same area (Real Estate) we also value Simon Property Group, Realty Income Corporation, Unibail-Rodamco-Westfield SE, Kimco Realty Corporation, 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 Fairvest Ltd stock attractive at the current price?
The data as of Sep 19, 2026: price R19.85, calculated fair value R49.63 (+150%), Quality Score 37/100, from 9 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 FTA calculated?
We run Fairvest Ltd through 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of R49.63, 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 16.1 % above its aggregate fair value. Fairvest Ltd currently trades 150 % 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 Fairvest Ltd (FTA)?
The closing price on Sep 18, 2026 was R19.85. Our model-based fair value is R49.63, about +150% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fairvest Ltd right now?
The large discount to fair value meets weak quality (37/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (R43.10). The market is more pessimistic than our downside scenario. A fairly wide model range (R43.10 to R87.20) 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.

Key figures of Fairvest Ltd

How large is the market capitalisation of Fairvest Ltd (FTA)?
The market capitalisation of Fairvest Ltd is 39.3B ZAC. 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 Fairvest Ltd (FTA)?
The price-to-sales ratio of Fairvest Ltd is 6.98 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Fairvest Ltd (FTA)?
Earnings per share at Fairvest Ltd are R1.83 (price ÷ EPS = P/E 10.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Fairvest Ltd (FTA)?
The dividend yield of Fairvest Ltd is 7.3% (payout 79.1%). 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 Fairvest Ltd (FTA)?
The net margin of Fairvest Ltd is 67.3% (fiscal year 2025). 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 Fairvest Ltd (FTA)?
The return on equity (ROE) of Fairvest Ltd is 15.9% (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 Fairvest Ltd (FTA)?
On an EBIT basis the return on assets of Fairvest Ltd is 7.9% (avg 4y). 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 Fairvest Ltd (FTA)?
The operating margin of Fairvest Ltd is 54.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fairvest Ltd (FTA)?
Revenue at Fairvest Ltd is growing +22.1% versus a year earlier (3y avg +58.2%). 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 Fairvest Ltd (FTA)?
Earnings per share at Fairvest Ltd are growing +49.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Fairvest Ltd (FTA) generate?
The free cash flow of Fairvest Ltd is −505M ZAC (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Fairvest Ltd (FTA) carry?
The net debt of Fairvest Ltd is 3.8B ZAC (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed

Watch Fairvest Ltd in the live analysis

One click puts Fairvest Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.