Ldr Capital Property Fund (LED) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Ldr Capital Property Fund stock A$0.14, price A$0.35, that is 60.0% below the price, quality 49 out of 100. Rating: strongly overvalued. Calculated from audited financials with 8 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 7, 2026.
How to read this chart
60‑month range A$0.3250 – A$0.6928 · fair‑value band A$0.1400 – A$0.4100 · the A$0.3500 price screens above the A$0.1400 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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LDR Capital Property Fund is an externally managed real estate investment trust that invests in Australian commercial office assets. The firm currently owns 7 office assets with a combined valuation of $374 million. LDR Capital Property Fund is based in Sydney, Australia.
Stock analysis
Ldr Capital Property Fund (LED) currently trades at A$0.3500, while our model-based Fair Value estimate is A$0.1400, 60% 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 A$0.4900 per share, and 2 of the 6 models we run sit above the A$0.3500 price.
Bear case: the DCF Models group reads lowest at A$0.0750, and 4 of the 6 models stay below the price. Data coverage for this calculation is low.
Scenario range: A$0.1400 (bear) to A$0.4100 (bull), the price of A$0.3500 sits inside 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.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Ldr Capital Property Fund reported revenue of A$40.7M in FY2026 versus A$46.2M in FY2022, a compound −3.1%/yr. Reported net income was −A$18.4M in FY2026.
Key figures
Market cap A$142M (≈ $98.2M) Micro · P/S ratio 2.91 · EPS (TTM) A$−0.0500 · Net margin −38.3% · Return on equity −7.2% · Return on assets (EBIT) 6.1% (5-year average) · Operating margin 56.9% · Revenue (TTM) A$48.9M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 43% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −16% fair-value upside, at −60%, LED screens richer than that median.
Fair Value models
BearA$0.1400Fair Value A$0.1400BullA$0.4100
Price A$0.3500 · Downside -60.0%
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.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.23/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−24.1%
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.
−7.0%
’22
’23
’24
’25
’26
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
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).
+32.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Australia: IMF forecast 3.0% a year to 2030, 2.9% from 2016 to 2025) that is about +28.4% a year for the price.
Compare Ldr Capital 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.Real Estate Services · 472 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside−60.0% · Bottom 25%
Profitability
Return on assets−4.2% · Bottom 25%
Net margin (12 months)−38.3% · Bottom 25%
Operating margin (12 months)56.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−9.4% · Bottom 25%
Dividend yield (12 months)18.6% · Top 25%
Balance sheet
Debt / equity0.81× · Above median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
P/B0.61× · Cheaper than median
P/S (12 months)2.91× · Cheaper than median
Price / free cash flow (fiscal year)16.5× · Pricier than median
EV/EBITDA10.9× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 55
FUTURE (revenue growth)0· sector 19
PAST (return on equity)0· sector 19
HEALTH (low debt)59· sector 83
DIVIDEND (yield)100· sector 66
VALUE 0: the price sits above our fair-value range.
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). "Ldr Capital Property Fund Fair Value". https://www.fairvalue-calculator.com/stock/LED
Frequently asked questions
Is Ldr Capital Property Fund (LED) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of A$0.1400 versus a price of A$0.3500, about 60% lower (overvalued).
What is the fair value of LED?
Our model-based fair value for Ldr Capital Property Fund is A$0.1400 (as of Nov 7, 2026), built from audited fundamentals. The current price: A$0.3500.
What is the quality score of LED?
Ldr Capital Property Fund 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 Ldr Capital Property Fund (LED)?
Our model-based price target is the fair value of A$0.1400 (as of Nov 7, 2026) from 8 valuation models. Cautious scenario A$0.1400, optimistic scenario A$0.4100. It is a calculation from audited fundamentals, not an analyst target.
What is the Ldr Capital Property Fund stock forecast for 2026?
Our models put fair value at A$0.1400, about 60% lower versus a price of A$0.3500 (overvalued). Cautious scenario A$0.1400, optimistic scenario A$0.4100. The calculation is refreshed regularly with new filings.
What is the revenue of Ldr Capital Property Fund (LED)?
Ldr Capital Property Fund reported trailing-twelve-month revenue of about A$48.9M (latest available figure, as of Nov 7, 2026).
What growth is priced into Ldr Capital Property Fund (LED)?
For today's price to be fair in a discounted-cash-flow model, Ldr Capital Property Fund would have to grow free cash flow by +32.2 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew -3.1 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of LED use?
Our models discount Ldr Capital Property Fund at 11.0 %: a base by market capitalisation (micro), damped by beta 0.19, country premium for Australia. 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 Ldr Capital Property Fund that is +32.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has Ldr Capital Property Fund (LED) delivered so far?
Over the past 4 years revenue at Ldr Capital Property Fund grew -3.1 % a year. The price currently implies free-cash-flow growth of +32.2 % 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 Ldr Capital Property Fund (LED) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Ldr Capital Property Fund (+32.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Ldr Capital Property Fund (LED)?
The free-cash-flow yield on the price is 6.06 %: that much free cash flow Ldr Capital Property Fund produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Ldr Capital Property Fund (LED)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ldr Capital Property Fund it is A$0.1400 per share (as of Nov 7, 2026), against a price of A$0.3500. It is the blended result of 8 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Ldr Capital Property Fund stock overvalued or undervalued in 2026?
As of Nov 7, 2026, LED trades above its calculated fair value: price A$0.3500, fair value A$0.1400, a gap of about −60% (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 LED?
No. The price is what the market pays today (A$0.3500); the fair value is what the company's own numbers justify (A$0.1400). For Ldr Capital Property Fund the two are A$0.2100 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ldr Capital Property Fund worth?
The market values Ldr Capital Property Fund at about A$142M (market capitalisation, as of Nov 7, 2026). Per share that is A$0.3500; our models calculate a fair value of A$0.1400 per share.
What do the bullish and bearish scenarios say about LED?
Our models span a range for Ldr Capital Property Fund: cautious scenario A$0.1400, base A$0.1400, optimistic A$0.4100 per share (as of Nov 7, 2026, price A$0.3500). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Ldr Capital Property Fund (LED)?
Balance-sheet figures for Ldr Capital Property Fund (as of Nov 7, 2026): return on equity −7.2%, debt of 0.81 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is LED from its 52-week high?
Ldr Capital Property Fund trades at A$0.3500, about 43% below its 52-week high of A$0.6123 and 8% above the low of A$0.3250 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.1400 is for.
Which stocks are comparable to Ldr Capital Property Fund?
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 Ldr Capital Property Fund stock attractive at the current price?
The data as of Nov 7, 2026: price A$0.3500, calculated fair value A$0.1400 (−60%), Quality Score 49/100, from 8 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 LED calculated?
We run Ldr Capital Property Fund through 8 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of A$0.1400 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. Ldr Capital 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 Ldr Capital Property Fund (LED)?
The closing price on Nov 9, 2026 was A$0.3500. Our model-based fair value is A$0.1400, about 60% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ldr Capital Property Fund right now?
Weak quality (49/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (A$0.1400 to A$0.4100). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Ldr Capital Property Fund
How large is the market capitalisation of Ldr Capital Property Fund (LED)?
The market capitalisation of Ldr Capital Property Fund is A$142M (≈ $98.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Ldr Capital Property Fund (LED)?
The price-to-sales ratio of Ldr Capital Property Fund is 2.91 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ldr Capital Property Fund (LED)?
Earnings per share at Ldr Capital Property Fund are A$−0.0500. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Ldr Capital Property Fund (LED)?
The net margin of Ldr Capital Property Fund is −38.3% (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 Ldr Capital Property Fund (LED)?
The return on equity (ROE) of Ldr Capital Property Fund is −7.2% (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 Ldr Capital Property Fund (LED)?
On an EBIT basis the return on assets of Ldr Capital Property Fund is 6.1% (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 Ldr Capital Property Fund (LED)?
The operating margin of Ldr Capital Property Fund is 56.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ldr Capital Property Fund (LED)?
Revenue at Ldr Capital Property Fund is growing −9.4% versus a year earlier (3y avg −7.0%). 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 Ldr Capital Property Fund (LED)?
Earnings per share at Ldr Capital Property Fund are growing +49.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Ldr Capital Property Fund (LED) carry?
The net debt of Ldr Capital Property Fund is A$184M (fiscal year 2026, ≈ 21.3 yrs of FCF). 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 7, 2026