Fairvalue-Calculator Fairvalue-Calculator
EN DE

Spear REIT Limited (SEA) Fair Value & Analysis

Real Estate · ZA · Market cap 6.9B ZAC

Price13.40 ZAC
Fair Value6.60 ZAC
Upside-50.7%
Quality96/100
Evidence: High Range 2.43 ZAC – 12.01 ZAC

Fair value as of: Jun 26, 2026

Analysis

Spear REIT Limited (SEA) currently trades at 13.40 ZAC, while our model-based Fair Value estimate is 6.60 ZAC — implying the stock looks roughly 50.7% overvalued today. We read business quality at 96/100 (high quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

About the company

Spear REIT Limited listed as a Real Estate Investment Trust on the main board of the Johannesburg Stock Exchange. It is the only regionally focused REIT listed on the JSE that invests in high-quality income generating assets in the Western Cape. Spear obtains its diversification through asset type rather than geographical investment. The company conducts its business directly and through a few subsidiaries, collectively referred to as. The group's property and asset management functions are internally and directly managed by the Spear executive management team. Spear Reit Limited was incorporated in South Africa.

Open the full interactive analysis →

Similar stocks

Graphene Manufacturing Group (GMG) -65% Goodman Group (GMGSF) -67% VICI Properties Inc (VICI) +57% W. P. Carey Inc (WPC) -22% Stockland (STKAF) -11% Charter Hall Group (CTOUF) -49%

Frequently asked questions

Is Spear REIT Limited (SEA) undervalued?
As of Jun 26, 2026, our model estimates a fair value of 6.60 ZAC versus a price of 13.40 ZAC — about −51% (overvalued). Model-based estimate, not financial advice.
What is the fair value of SEA?
Our 21-model fair value for Spear REIT Limited is 6.60 ZAC (as of Jun 26, 2026), built from audited fundamentals. The current price is 13.40 ZAC.
What is the quality score of SEA?
Spear REIT Limited has a Quality Score of 96/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.