Newpark was registered and incorporated as a public company on 7 December 2015. Newpark is a property holding and investment company that through its subsidiaries is invested in high-quality properties. Newpark’s investment strategy is to seek well-located prime commercial, industrial and retail properties in South Africa, which provide a high-quality, sustainable earnings base with the potential for capital appreciation within the medium to long-term. The JSE granted Newpark a listing of all of its issued shares on the JSE in the “Diversified REITs” sector of the AltX of the JSE under the abbreviated name: “Newpark”, JSE share code: NRL and ISIN: ZAE000212783 with effect from 3 February 2016.
Metrics to compare | NRLJ | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipNRLJPeersSector | |
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P/E Ratio | 13.3x | 7.3x | 9.1x | |
PEG Ratio | 0.11 | 0.05 | 0.01 | |
Price/Book | 0.8x | 0.8x | 0.9x | |
Price / LTM Sales | 3.6x | 3.8x | 3.9x | |
Upside (Analyst Target) | - | 3.1% | 12.6% | |
Fair Value Upside | Unlock | 7.8% | 0.4% | Unlock |