FRASERS LOGISTICS & COMMERCIAL TRUST |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.01 SGD | +1.00% |
|
-0.98% | -12.17% |
| May. 07 | Frasers Logistics & Commercial Trust's DPU Slips in Fiscal H1 | MT |
| May. 07 | Frasers Logistics & Commercial Trust Reports Earnings Results for the Half Year Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,989 | 4,849 | 5,694 | 4,958 | 4,554 | 4,222 | - | - |
| Enterprise Value (EV) 1 | 4,096 | 7,301 | 8,248 | 7,018 | 6,851 | 6,568 | 6,671 | 6,773 |
| P/E ratio | 12.2 x | 10.5 x | 7.43 x | 6.17 x | -38.5 x | 18 x | 18.5 x | 18.2 x |
| Yield | 5.47% | 5.1% | 4.98% | 6.23% | 6.61% | 6.97% | 7.02% | 7.2% |
| Capitalization / Revenue | 12.4 x | 14.3 x | 12.1 x | 9.95 x | 9.44 x | 8.56 x | 8.16 x | 7.78 x |
| EV / Revenue | 17 x | 21.6 x | 17.5 x | 14.1 x | 14.2 x | 13.3 x | 12.9 x | 12.5 x |
| EV / EBITDA | 23.2 x | 30.3 x | 25.7 x | 21.1 x | 22.1 x | 20.2 x | 19.2 x | 18.3 x |
| EV / FCF | -28.8 x | -30.6 x | -316 x | 7.7 x | 42.4 x | 18.3 x | 17.5 x | 17.2 x |
| FCF Yield | -3.47% | -3.26% | -0.32% | 13% | 2.36% | 5.48% | 5.72% | 5.81% |
| Price to Book | 1.29 x | 1.04 x | 1.24 x | 0.94 x | 0.91 x | 0.86 x | 0.87 x | 0.88 x |
| Nbr of stocks (in thousands) | 2,248,893 | 3,413,220 | 3,676,420 | 3,696,167 | 3,728,941 | 3,757,818 | - | - |
| Reference price 2 | 1.329 | 1.421 | 1.549 | 1.341 | 1.221 | 1.123 | 1.123 | 1.123 |
| Announcement Date | 11/5/19 | 11/5/20 | 11/10/21 | 11/9/22 | 11/1/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 240.8 | 338.1 | 471.7 | 498.2 | 482.5 | 492.9 | 517.3 | 542.4 |
| EBITDA 1 | 176.7 | 240.8 | 320.7 | 333.4 | 309.9 | 325.9 | 347.7 | 369.9 |
| EBIT 1 | 176.7 | 240.8 | 320.7 | 333.3 | 309.9 | 328.4 | 348.2 | 369.3 |
| Operating Margin | 73.38% | 71.21% | 67.98% | 66.9% | 64.22% | 66.63% | 67.3% | 68.08% |
| Earnings before Tax (EBT) 1 | 272.4 | 540.2 | 885.1 | 949.5 | -128.3 | 275.2 | 282.5 | 292 |
| Net income 1 | 225.6 | 463 | 734.8 | 806.3 | -118.1 | 214.6 | 234.7 | 248.8 |
| Net margin | 93.71% | 136.95% | 155.78% | 161.85% | -24.49% | 43.54% | 45.37% | 45.87% |
| EPS 2 | 0.1089 | 0.1352 | 0.2084 | 0.2172 | -0.0318 | 0.0624 | 0.0607 | 0.0616 |
| Free Cash Flow 1 | -142.1 | -238.4 | -26.13 | 911.3 | 161.7 | 359.8 | 381.8 | 393.2 |
| FCF margin | -59.01% | -70.51% | -5.54% | 182.93% | 33.51% | 72.99% | 73.81% | 72.48% |
| FCF Conversion (EBITDA) | - | - | - | 273.37% | 52.16% | 110.41% | 109.83% | 106.28% |
| FCF Conversion (Net income) | - | - | - | 113.02% | - | 167.66% | 162.68% | 158.03% |
| Dividend per Share 2 | 0.0727 | 0.0725 | 0.0772 | 0.0836 | 0.0807 | 0.0783 | 0.0788 | 0.0809 |
| Announcement Date | 11/5/19 | 11/5/20 | 11/10/21 | 11/9/22 | 11/1/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: September | 2021 S1 | 2021 S2 | 2022 S1 | 2022 Q3 | 2023 S1 | 2023 S2 |
|---|---|---|---|---|---|---|
| Net sales 1 | 223.9 | 238.8 | 239.5 | 118.4 | - | 244 |
| EBITDA | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - |
| Net income | 111.7 | - | - | - | 132.9 | - |
| Net margin | 49.87% | - | - | - | - | - |
| EPS | - | - | - | - | 0.0357 | - |
| Dividend per Share 2 | 0.0367 | 0.0390 | 0.0391 | 0.0221 | - | 0.0404 |
| Announcement Date | 5/5/21 | 11/10/21 | 5/6/22 | 8/9/22 | 5/3/23 | 11/1/23 |
1AUD in Million2AUD
Estimates
Balance Sheet Analysis
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,107 | 2,452 | 2,554 | 2,061 | 2,297 | 2,346 | 2,449 | 2,551 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 6.268 x | 10.18 x | 7.963 x | 6.181 x | 7.412 x | 7.201 x | 7.044 x | 6.895 x |
| Free Cash Flow 1 | -142 | -238 | -26.1 | 911 | 162 | 360 | 382 | 393 |
| ROE (net income / shareholders' equity) | 10.6% | 6.87% | 6.39% | 5.67% | 5.15% | 4.89% | 5.14% | 5.39% |
| ROA (Net income/ Total Assets) | 6.62% | 3.99% | 3.7% | 3.54% | 3.31% | 2.92% | 2.95% | 3.07% |
| Assets 1 | 3,407 | 11,614 | 19,859 | 22,805 | -3,572 | 7,345 | 7,953 | 8,114 |
| Book Value Per Share 2 | 1.030 | 1.360 | 1.250 | 1.430 | 1.350 | 1.300 | 1.290 | 1.280 |
| Cash Flow per Share 2 | 0.0800 | 0.0800 | 0.0900 | 0.0900 | 0.0900 | 0.0800 | 0.0900 | 0.0900 |
| Capex 1 | 13.3 | 13.1 | 29 | 140 | 185 | 24.4 | 25.8 | 22.4 |
| Capex / Sales | 5.54% | 3.87% | 6.15% | 28.09% | 38.33% | 4.95% | 4.98% | 4.13% |
| Announcement Date | 11/5/19 | 11/5/20 | 11/10/21 | 11/9/22 | 11/1/23 | - | - | - |
1AUD in Million2AUD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
1.123
AUD
Average target price
1.407
AUD
Spread / Average Target
+25.21%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -12.17% | 2.82B | |
| -16.35% | 103B | |
| +35.77% | 43.61B | |
| -17.38% | 10.08B | |
| -9.60% | 7.97B | |
| -16.12% | 7.21B | |
| -7.34% | 6.62B | |
| -8.75% | 6.36B | |
| -7.29% | 5.62B | |
| -14.80% | 5.47B |
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- Financials Frasers Logistics & Commercial Trust
