SCG 1.87% $3.27 scentre group

Quick question

  1. 81 Posts.
    lightbulb Created with Sketch. 14
    After looking at the balance sheet FY2019, the net assets were about $23.5 billion.
    With that being said, the current market cap is about $12 billion

    Am I missing something or is this stock clearly undervalued?
 
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