Hyprop Investments (HYP.JO)

Real Estate · JSE · South Africa

R60.45+3.25% today

Fundamentals

Market capR24.81B

P/E ratio6.8

Dividend yield5.14%

Revenue growth (YoY)+4.4%

Profit margin72.4%

Return on equity14.8%

52-week rangeR42.47 to R64.40

Valuation and ratings

DCF fair valueR134.20

Upside to fair value+122.0%

Analyst target (mean)R56.92

Analyst rangeR45.75 to R65.00

Analysts covering3

Consensus viewnone

Moat score76/100

Overall rating85/100, Strong Buy

Hyprop Investments trades at R60.45, which is 122% below the R134.20 our discounted cash flow model puts on the business. On that measure alone it screens as undervalued, though a DCF is an argument rather than a measurement, and the market is frequently right about why something is cheap.

Our moat model scores it 76 out of 100, which is a wide moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.

It changes hands at 6.8 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.

About Hyprop Investments

Hyprop Investments Limited is a South African based specialist retail property fund with high-quality portfolios in South Africa and Eastern Europe, and is listed on the Johannesburg Stock Exchange (JSE) and A2X as a Real Estate Investment Trust (REIT) with a market capitalisation at 30 June 2025 of R17.1bn. The Group holds interests in a R42bn portfolio of shopping centres in South Africa (SA) and Eastern Europe (EE). The SA portfolio includes super regional centre Canal Walk, large regional centres Clearwater, The Glen, Woodlands Boulevard, Cape Gate, Somerset Mall, Rosebank Mall and Table Bay Mall, and small regional centre Hyde Park Corner. The Group's EE portfolio comprises The Mall in Sofia, Bulgaria, City Center one East and City Center one West, both in Zagreb, Croatia, and Skopje City Mall in Skopje, North Macedonia. Hyprop Investments Limited was incorporated in 1987 in South Africa.

Industry: REIT - RetailHQ: South Africa

HYP.JO passes 6 of our 30 screens today

Each screen prints the exact criteria it used, and the circumstances in which it is wrong.

Undervalued on cash flow

Companies trading at least 25% below what our discounted cash flow model says the future cash is worth today.

Quality at a fair price

Good businesses, not cheap ones. A wide moat and a strong rating, at a multiple that has not run away.

Wide moat compounders

Businesses with a structural reason competitors cannot take their profits away. The rarest and most valuable thing in investing.

Deep value, with a pulse

A very low earnings multiple is usually a warning. This screen demands a low multiple AND evidence the business still works.

Dividend powerhouses

Yields above 3%, filtered for the one thing yield screens never check: whether the company can actually afford it.

High margin machines

Companies that keep an unusually large share of every pound they sell. That is pricing power made visible.

Common questions

Is Hyprop Investments (HYP.JO) undervalued?

Against our discounted cash flow estimate of R134.20, HYP.JO at R60.45 is 122% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.

What is HYP.JO's P/E ratio?

HYP.JO trades at 6.8 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.

The full research page for HYP.JO, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.

Open HYP.JO in the app Free guides and screens

Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.