Resilient REIT (JSE:RES) Intrinsic Value: DCF (Dividends Based): R36.88 (As of Jul. 31, 2026) — 3052% Above Median

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

JSE:RES Resilient REIT Ltd JSE:RES
74 GF Score
Price R82.56
GF Value R65.06
Valuation Modestly Overvalued
! 9 Warning Signs
View Full Analysis

What is Resilient REIT Intrinsic Value: DCF (Dividends Based)?

Resilient REIT JSE:RES +1.04% 74 Intrinsic Value: DCF (Dividends Based) is R36.88 as of Jul. 31, 2026, which is 100% below its 10-year median of 1.17. GuruFocus rates JSE:RES with a GF Score™ of 74/100 and a GF Value™ of R65.06 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 60 REITs companies, Resilient REIT ranks worse than 1666665% on this metric.

As of today (2026-07-31), Resilient REIT's intrinsic value calculated from the Discounted Dividend model is R36.88.

Note: Discounted Dividend model is only suitable for companies who have a consistant distribution history. If the company's dividends does not remain steady over a long period, results may not be accurate due to the low consistency. The model is also only suitable for predictable companies (Business Predictability Rank higher than 1-Star) with dividend payments. If the company's Predictability Rank is 1-Star or Not Rated, or if the company does not pay dividend, the data will not be stored into our database.

Resilient REIT's Predictability Rank is 1-Star. Thus, this page is only used for demonstration purposes and the DCF related results in the screener and portfolio will appear as zero.

Margin of Safety % (DCF Dividends Based) using Discounted Dividend Model for Resilient REIT is -123.86%.

The historical rank and industry rank for Resilient REIT's Intrinsic Value: DCF (Dividends Based) or its related term are showing as below:

During the past 13 years, the highest Price-to-Intrinsic-Value-DCF (Dividends Based) Ratio of Resilient REIT was 1.17. The lowest was 1.17. And the median was 1.17.

JSE:RES's Price-to-DCF (Dividends Based) is not ranked *
in the REITs industry.
Industry Median: 1.845
* Ranked among companies with meaningful Price-to-DCF (Dividends Based) only.

Resilient REIT  (JSE:RES) Intrinsic Value: DCF (Dividends Based) Explanation

Unlike valuation methods such as Net Current Asset Value, Tangible Book per Share, Graham Number, Median PS Value etc, discounted Dividends model evaluates the companies based on their power of future dividend distribution instead of their assets.


Be Aware

What you need to know about Discounted Dividends model:

1. The Discounted Dividends model evaluates a company based on its future dividends distribution power
2. Dividend growth is taken into account; therefore a company with a higher dividend growth rate is worth more if everything else is the same.
3. Since we are projecting future growth, it is assumed that the company will grow at the same rate as it did during the past 10 years. Therefore this model works better for the companies with consistently steady dividends distributed.
4. The Discounted Dividends model works poorly for inconsistent dividends distributor like high growth companies.
5. Your expected return from the investment is a reasonable discount rate assumption.
6. A larger margin of safety should be required for companies with less dividends distributed.

You can screen for stocks that trade below their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) and Intrinsic Value: DCF (Dividends Based) with the GuruFocus All-in-One Screener. Companies with a high Predictability Rank that trade at a discount to their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) can be found in the screen of Undervalued Predictable Companies.


Resilient REIT Intrinsic Value: DCF (Dividends Based) Related Terms


Resilient REIT Intrinsic Value: DCF (Dividends Based) Historical Data

* Premium members only.

The historical data trend for Resilient REIT's Intrinsic Value: DCF (Dividends Based) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Resilient REIT Intrinsic Value: DCF (Dividends Based) Chart

Resilient REIT Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Dec22 Dec23 Dec24
Intrinsic Value: DCF (Dividends Based)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Resilient REIT Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Intrinsic Value: DCF (Dividends Based) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

JSE:RES vs SPG, O, KIM: Intrinsic Value: DCF (Dividends Based) Comparison

For the REIT - Retail subindustry, Resilient REIT's Price-to-DCF (Dividends Based), along with its competitors' market caps and Price-to-DCF (Dividends Based) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Resilient REIT Price-to-DCF (Dividends Based) vs REITs Industry

For the REITs industry and Real Estate sector, Resilient REIT's Price-to-DCF (Dividends Based) distribution charts can be found below:

* The bar in red indicates where Resilient REIT's Price-to-DCF (Dividends Based) falls into.


JSE:RES
74GF Score
Resilient REIT Ltd JSE:RES
Intrinsic Value: DCF (Dividends Based) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Resilient REIT Intrinsic Value: DCF (Dividends Based) Calculation

This is the intrinsic value calculated from the Discounted Dividend Model with default parameters. The calculation method is the same as Discounted Cash Flow model except adjusted dividend are used in the calculation instead of free cash flow. This is the default method of calculation with GuruFocus DCF calculator.

Usually a two-stage model is used in calculating the intrinsic value with discounted cash flow model. The first stage is called growth stage; the second is called the terminal stage. In the growth stage the company grows at a faster rate. Because it cannot grow at that rate forever, a lower rate is used for the terminal stage.

GuruFocus DDM calculator is a two-stage model. The default values are defined as:

1. Discount Rate: d = 15%
A reasonable discount rate assumption should be at least the long term average return of the stock market, which can be estimated from risk free rate plus risk premium of stock market. GuruFocus uses 10-Year Treasury Constant Maturity Rate as the risk-free rate and rounded up to the nearest integer. It is updated daily. The current risk-free rate is 8.70%. Please go to Economic Indicators page for more information. Please note that we use the 10-Year Treasury Constant Maturity Rate of the country/region where the company is headquartered. If the data for that country/region is not available, then we will use the 10-Year Treasury Constant Maturity Rate of the United States as default. Then we added a risk premium of 6% to get the estimated discount rate. Some investors use their expected rate of return, which is also reasonable. A typical discount rate can be anywhere between 6% - 20%.

2. Dividend Growth Rate in the growth stage: g1 = 5%
The Growth Rate in the growth stage is initially set as the default 10-Year Dividend Growth Rate. In cases where the 10-year growth rate is unavailable, it defaults to using the 5-Year Dividend Growth Rate. If both the 10-year and 5-year growth rates are unavailable, the system defaults to the 3-Year Dividend Growth Rate.
However, it's important to note that there is a growth rate range. If the calculated growth rate exceeds 20%, it will be capped at 20%. Conversely, if the calculated growth rate falls below 5%, it will be adjusted to 5% to maintain a reasonable range.
=> Resilient REIT's average Dividend Growth Rate in the past 10 years was 1.30%, which is less than 5%. GuruFocus defaults => Growth Rate: 5%

3. Years of Growth Stage: y1 = 10

4. Terminal Growth Rate: g2 = 4%

5. Dividends per Share: adjusted dividends per share = R4.2453.
GuruFocus uses adjusted dividends per share by default to ensure that the valuation reflects the total value of the company, as the actual dividend is only a portion of the total value.

All of the default settings can be changed in the DCF calculator and the results are calculated automatically.

Resilient REIT's Intrinsic Value: DCF (Dividends Based) for today is calculated as:

Intrinsic Value: DCF (Dividends Based)=Dividends per Share*{[(1+g1)/(1+d)+(1+g1)^2/(1+d)^2+...+(1+g1)^10/(1+d)^10]
+(1+g1)^10/(1+d)^10*[(1+g2)/(1+d)+(1+g2)^2/(1+d)^2+...+(1+g2)^10/(1+d)^10]}

set x = (1+g1)/(1+d) = (1+0.05)/(1+0.15) = 0.91304347826087
and y = (1+g2)/(1+d) = (1+0.04)/(1+0.15) = 0.90434782608696

Intrinsic Value: DCF (Dividends Based)=Dividends per Share*{[x+x^2+...+x^10]+x^10*[y+y^2+...+y^10]}
=Dividends per Share*[x*(1-x^10)/(1-x)+x^10*y*(1-y^10)/(1-y)]
=4.2453*8.6862
=36.88

Margin of Safety % (DCF Dividends Based) = (Intrinsic Value: DCF (Dividends Based)-Current Price) /Intrinsic Value: DCF (Dividends Based)
= (36.88 - 82.56) / 36.88
= -123.86 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: DCF (Dividends Based) of R36.88 mean?
Resilient REIT (JSE:RES) has a Intrinsic Value: DCF (Dividends Based) of R36.88 as of Jul. 31, 2026. Intrinsic Value: DCF (Dividends Based) is the stock value based on a two-stage discounted dividend model. View historical data on Resilient REIT and its competitors. This is 3052% above median its historical median of 1.17. Over the past decade, Resilient REIT's Intrinsic Value: DCF (Dividends Based) has ranged from 1.17 to 1.17. According to the industry distribution chart, Resilient REIT ranks #999999 out of 60 companies in the REITs industry.
Is Resilient REIT's Intrinsic Value: DCF (Dividends Based) too high?
Resilient REIT's current Intrinsic Value: DCF (Dividends Based) of R36.88 is 3052% above median its 10-year median of 1.17. Over the past 10 years, this metric has ranged from a low of 1.17 to a high of 1.17. Based on the distribution chart, Resilient REIT ranks #999999 out of 60 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Resilient REIT has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Resilient REIT's Intrinsic Value: DCF (Dividends Based) compare to SPG and O?
According to the REITs industry distribution chart, Resilient REIT ranks #999999 out of 60 companies for Intrinsic Value: DCF (Dividends Based). This places Resilient REIT in the lower half of its industry. The industry median Intrinsic Value: DCF (Dividends Based) is 1.85. Historically, Resilient REIT's own Intrinsic Value: DCF (Dividends Based) has ranged from 1.17 to 1.17 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: DCF (Dividends Based) for a REITs company?
The median Intrinsic Value: DCF (Dividends Based) among REITs companies is 1.85, based on 60 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: DCF (Dividends Based) significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: DCF (Dividends Based) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: DCF (Dividends Based) mean?
A high Intrinsic Value: DCF (Dividends Based) can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: DCF (Dividends Based) is the stock value based on a two-stage discounted dividend model. View historical data on Resilient REIT and its competitors. For the REITs industry, the median Intrinsic Value: DCF (Dividends Based) is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Resilient REIT's current Intrinsic Value: DCF (Dividends Based) is R36.88, which is 3052% above median its own 10-year median of 1.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Resilient REIT stock overvalued right now?
Based on GuruFocus' analysis, Resilient REIT (JSE:RES) is currently considered Modestly Overvalued. The stock's GF Value™ is R65.06, compared to a current price of R82.56 — trading 26.9% above its estimated fair value. The current Intrinsic Value: DCF (Dividends Based) is R36.88, which is 3052% above median its 10-year median of 1.17. Resilient REIT's overall GF Score™ is 74/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: DCF (Dividends Based) calculated?
Intrinsic Value: DCF (Dividends Based) is calculated from a company's financial statements. For Resilient REIT (JSE:RES), the current Intrinsic Value: DCF (Dividends Based) is R36.88 as of Jul. 31, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Resilient REIT (JSE:RES) Overvalued in 2026?

Based on GuruFocus' analysis, Resilient REIT stock appears to be overvalued. The current stock price of R82.56 is trading 26.9% above its estimated GF Value™ of R65.06. GuruFocus considers Resilient REIT to be Modestly Overvalued.

Key valuation signals for JSE:RES:

  • Intrinsic Value: DCF (Dividends Based): R36.88 (3052% above median its 10-year median of 1.17)
  • GF Value™: R65.06 vs. price of R82.56 (26.9% above fair value)
  • GF Score™: 74/100 with 9 warning signs

No single metric tells the full story. See the JSE:RES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Resilient REIT Business Description

Industry Real EstateREITs
Address Rivonia Boulevard, 4th Floor, Rivonia Village, Rivonia, Johannesburg, GT, ZAF, 2191
Resilient REIT Ltd is a South Africa-based real estate investment trust. The company's portfolio consists of regional shopping malls tenanted by national retailers. Resilient's properties are mostly located in nonmetropolitan areas, including Limpopo, Gauteng, Mpumalanga, Northern Cape, and KwaZulu-Natal. The company operates through two segments: Corporate and Retail. The company further divides the segments geographically into South Africa, Portugal, and Nigeria with the South Africa segment generating the majority of total revenue. Resilient internally manages its assets, and outsources the property management to third-party companies.
74GF Score

Get the complete analysis for JSE:RES

Intrinsic Value: DCF (Dividends Based) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R82.56
Price
R65.06
GF Value