ACDSF (CapitaLand Ascendas REIT) Intrinsic Value: Projected FCF: $2.91 (As of Sep. 14, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

ACDSF CapitaLand Ascendas REIT ACDSF
79 GF Score
Price $1.82
GF Value $2.10
Valuation Modestly Undervalued
! 9 Warning Signs
View Full Analysis

What is CapitaLand Ascendas REIT Intrinsic Value: Projected FCF?

CapitaLand Ascendas REIT ACDSF 79 Intrinsic Value: Projected FCF is $2.91 as of Sep. 14, 2026. GuruFocus rates ACDSF with a GF Score™ of 79/100 and a GF Value™ of $2.10 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 616 REITs companies, CapitaLand Ascendas REIT ranks better than 51.79% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-09-14), CapitaLand Ascendas REIT's Intrinsic Value: Projected FCF is $2.91. The stock price of CapitaLand Ascendas REIT is $1.82. Therefore, CapitaLand Ascendas REIT's Price-to-Intrinsic-Value-Projected-FCF of today is 0.6.

The historical rank and industry rank for CapitaLand Ascendas REIT's Intrinsic Value: Projected FCF or its related term are showing as below:

ACDSF' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.63   Med: 0.89   Max: 1.53
Current: 0.63

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of CapitaLand Ascendas REIT was 1.53. The lowest was 0.63. And the median was 0.89.

ACDSF's Price-to-Projected-FCF is ranked better than
51.79% of 616 companies
in the REITs industry
Industry Median: 0.63 vs ACDSF: 0.63

CapitaLand Ascendas REIT  (OTCPK:ACDSF) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

CapitaLand Ascendas REIT's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=1.82/2.8528758514827
=0.64

* 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.


CapitaLand Ascendas REIT Intrinsic Value: Projected FCF Related Terms


CapitaLand Ascendas REIT Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for CapitaLand Ascendas REIT's Intrinsic Value: Projected FCF 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.

CapitaLand Ascendas REIT Intrinsic Value: Projected FCF Chart

CapitaLand Ascendas REIT Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.40 2.54 2.59 2.51 2.42

CapitaLand Ascendas REIT Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Intrinsic Value: Projected FCF 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 2.51 0.00 2.42 0.00

ACDSF vs PLD, PSA, EXR: Intrinsic Value: Projected FCF Comparison

For the REIT - Industrial subindustry, CapitaLand Ascendas REIT's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF 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.


CapitaLand Ascendas REIT Price-to-Projected-FCF vs REITs Industry

For the REITs industry and Real Estate sector, CapitaLand Ascendas REIT's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where CapitaLand Ascendas REIT's Price-to-Projected-FCF falls into.


ACDSF
79GF Score
CapitaLand Ascendas REIT ACDSF
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CapitaLand Ascendas REIT Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get CapitaLand Ascendas REIT's Free Cash Flow(6 year avg) = $647.67.

CapitaLand Ascendas REIT's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec25)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*647.667+8408.199*0.8)/4519.151
=2.85

* 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: Projected FCF of $2.91 mean?
CapitaLand Ascendas REIT (ACDSF) has a Intrinsic Value: Projected FCF of $2.91 as of Sep. 14, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on CapitaLand Ascendas REIT and its competitors. According to the industry distribution chart, CapitaLand Ascendas REIT ranks #297 out of 616 companies in the REITs industry, placing it in the top 48.2%.
Is CapitaLand Ascendas REIT's Intrinsic Value: Projected FCF too high?
CapitaLand Ascendas REIT's current Intrinsic Value: Projected FCF is $2.91. The REITs industry median Intrinsic Value: Projected FCF is 0.63. CapitaLand Ascendas REIT's value of $2.91 is 361.9% above this industry median. Based on the distribution chart, CapitaLand Ascendas REIT ranks #297 out of 616 companies in the REITs industry, which is above the industry midpoint. Overall, CapitaLand Ascendas REIT has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CapitaLand Ascendas REIT's Intrinsic Value: Projected FCF compare to PLD and PSA?
According to the REITs industry distribution chart, CapitaLand Ascendas REIT ranks #297 out of 616 companies for Intrinsic Value: Projected FCF. This puts CapitaLand Ascendas REIT in the upper half of its industry. The industry median Intrinsic Value: Projected FCF is 0.63. CapitaLand Ascendas REIT's value of $2.91 is 361.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a REITs company?
The median Intrinsic Value: Projected FCF among REITs companies is 0.63, based on 616 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CapitaLand Ascendas REIT's current Intrinsic Value: Projected FCF of $2.91 is 361.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on CapitaLand Ascendas REIT and its competitors. For the REITs industry, the median Intrinsic Value: Projected FCF is 0.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CapitaLand Ascendas REIT's current Intrinsic Value: Projected FCF is $2.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CapitaLand Ascendas REIT stock overvalued right now?
Based on GuruFocus' analysis, CapitaLand Ascendas REIT (ACDSF) is currently considered Modestly Undervalued. The stock's GF Value™ is $2.10, compared to a current price of $1.82 — trading 13.3% below its estimated fair value. The current Intrinsic Value: Projected FCF is $2.91 and 361.9% above the REITs industry median of 0.63. CapitaLand Ascendas REIT's overall GF Score™ is 79/100 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: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For CapitaLand Ascendas REIT (ACDSF), the current Intrinsic Value: Projected FCF is $2.91 as of Sep. 14, 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 CapitaLand Ascendas REIT (ACDSF) Overvalued in 2026?

Based on GuruFocus' analysis, CapitaLand Ascendas REIT stock appears to be undervalued. The current stock price of $1.82 is trading 13.3% below its estimated GF Value™ of $2.10. GuruFocus considers CapitaLand Ascendas REIT to be Modestly Undervalued.

Key valuation signals for ACDSF:

  • Intrinsic Value: Projected FCF: $2.91
  • GF Value™: $2.10 vs. price of $1.82 (13.3% below fair value)
  • GF Score™: 79/100 with 9 warning signs
  • Industry Position: 361.9% above the REITs median (#297 of 616)

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


CapitaLand Ascendas REIT Business Description

Industry Real EstateREITs
Other Exchanges A17U:SingaporeS3Z:Germany
Address 168 Robinson Road, No. 30-01 Capital Tower, Singapore, SGP, 068912
CapitaLand Ascendas REIT is a real estate investment trust focusing on the industrial and business space. As of Dec. 31, 2025, it held a SGD 18.2 billion portfolio of 222 properties across Singapore, Australia, Europe, and the US. The property types encompass business and science parks, high-specification industrial properties, data centers, light industrial properties, and logistics and distribution centers. The trust is externally managed by Ascendas Funds Management, a subsidiary of CapitaLand Investment, which owns a 17.5% stake in the trust.
79GF Score

Get the complete analysis for ACDSF

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.82
Price
$2.10
GF Value