This Real Estate Stock is Trading at a Discount - Chart Of The Day 12 June 2019 - Equitymaster

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This Real Estate Stock is Trading at a Discount
Jun 12, 2019

The real estate stock we recommended in Smart Money Secrets is currently trading at an attractive level.

We valued the company based on its price to book.

Today's chart shows the price to book multiple from 2010.

Currently, the stock is trading at 1.6 times price to book. That is a discount of 34% compared to its last nine years average valuations.

What's more, its total asset base (which includes land, unsold inventory, and cash & cash equivalents) is more than the current market capitalisation (at market value).

This provides safety on the downside.

This stock is a part of our five best stock picks recommended in our special report - The Thousand Crore Club.

Smart Money Secrets subscribers can access the report here.

If you haven't subscribed, you can access the report by signing up here.

Data Source: Ace Equity

This Chart Of The Day was published in The 5 Minute WrapUp - Kenneth Andrade Would Like Our Real Estate Stock Recommendation with Triple Digit Upside

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