VICINITY CENTRES |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.94 AUD | 0.00% |
|
+3.19% | -4.90% |
| May. 01 | Vicinity Centers Posts 1.6% Growth in Portfolio Retail Sales in Fiscal Q3 | MT |
| May. 01 | Vicinity Centres Provides Distribution Guidance for Full-Year | CI |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 9,241 | 6,477 | 7,033 | 8,353 | 8,399 | 8,831 | - | - |
| Enterprise Value (EV) 1 | 13,642 | 10,180 | 10,268 | 12,050 | 12,280 | 13,179 | 13,535 | 13,802 |
| P/E ratio | 27.2 x | -3.02 x | -27.2 x | 6.89 x | 33.4 x | 15.1 x | 12 x | 11 x |
| Yield | 6.49% | 5.38% | 6.47% | 5.67% | 6.5% | 6.07% | 6.17% | 6.47% |
| Capitalization / Revenue | 9.72 x | 8.77 x | 8.91 x | 9.77 x | 8.74 x | 9.38 x | 9.17 x | 8.57 x |
| EV / Revenue | 14.4 x | 13.8 x | 13 x | 14.1 x | 12.8 x | 14 x | 14.1 x | 13.4 x |
| EV / EBITDA | 15.4 x | 14.5 x | 14.6 x | 15.8 x | 14.2 x | 15.6 x | 15.6 x | 15.1 x |
| EV / FCF | 54.8 x | 21.6 x | 21.2 x | 36 x | 33.4 x | 31.5 x | 40.1 x | 31.4 x |
| FCF Yield | 1.83% | 4.62% | 4.73% | 2.78% | 2.99% | 3.17% | 2.49% | 3.18% |
| Price to Book | 0.8 x | 0.61 x | 0.71 x | 0.77 x | 0.79 x | 0.84 x | 0.83 x | 0.8 x |
| Nbr of stocks (in thousands) | 3,771,831 | 4,529,643 | 4,552,275 | 4,552,275 | 4,552,275 | 4,552,275 | - | - |
| Reference price 2 | 2.450 | 1.430 | 1.545 | 1.835 | 1.845 | 1.940 | 1.940 | 1.940 |
| Announcement Date | 8/13/19 | 8/18/20 | 8/17/21 | 8/16/22 | 8/15/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 950.6 | 738.4 | 789.1 | 855.3 | 960.7 | 941.4 | 962.9 | 1,030 |
| EBITDA 1 | 886 | 702.3 | 702.7 | 760.6 | 864 | 847.2 | 867.1 | 914.8 |
| EBIT 1 | 882.3 | 696.2 | 702.7 | 760.6 | 864 | 836.5 | 857.1 | 913.3 |
| Operating Margin | 92.82% | 94.28% | 89.05% | 88.93% | 89.93% | 88.86% | 89.02% | 88.65% |
| Earnings before Tax (EBT) 1 | 346.1 | -1,789 | -247.1 | 1,208 | 252.3 | 612.6 | 642 | 696.6 |
| Net income 1 | 346.1 | -1,801 | -258 | 1,215 | 252.3 | 601.1 | 660.5 | 783.5 |
| Net margin | 36.41% | -243.91% | -32.7% | 142.08% | 26.26% | 63.86% | 68.6% | 76.05% |
| EPS 2 | 0.0902 | -0.4730 | -0.0567 | 0.2664 | 0.0553 | 0.1281 | 0.1622 | 0.1766 |
| Free Cash Flow 1 | 249.1 | 470.8 | 485.2 | 334.9 | 367.5 | 418.3 | 337.3 | 439.5 |
| FCF margin | 26.2% | 63.76% | 61.49% | 39.16% | 38.25% | 44.44% | 35.03% | 42.66% |
| FCF Conversion (EBITDA) | 28.12% | 67.04% | 69.05% | 44.03% | 42.53% | 49.38% | 38.9% | 48.05% |
| FCF Conversion (Net income) | 71.97% | - | - | 27.56% | 145.66% | 69.59% | 51.07% | 56.1% |
| Dividend per Share 2 | 0.1590 | 0.0770 | 0.1000 | 0.1040 | 0.1200 | 0.1177 | 0.1197 | 0.1255 |
| Announcement Date | 8/13/19 | 8/18/20 | 8/17/21 | 8/16/22 | 8/15/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 470.6 | 267.8 | 365.7 | 423.4 | 409.1 | 446.2 | 491.2 | 469.5 | 484.1 | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | 260.2 | 327.5 | 375.2 | 368.5 | 392.1 | 444.3 | 419.7 | - | - | - |
| Operating Margin | - | 97.16% | 89.55% | 88.62% | 90.08% | 87.88% | 90.45% | 89.39% | - | - | - |
| Earnings before Tax (EBT) | - | -2,032 | -380.5 | - | - | - | - | - | - | - | - |
| Net income | 242.8 | -2,044 | -394.1 | - | 650.2 | - | - | - | - | - | - |
| Net margin | 51.59% | -763.18% | -107.77% | - | 158.93% | - | - | - | - | - | - |
| EPS | 0.0644 | - | - | - | 0.1426 | - | - | - | - | - | - |
| Dividend per Share 1 | 0.0770 | - | 0.0340 | 0.0660 | 0.0470 | 0.0570 | 0.0575 | 0.0625 | - | 0.0600 | 0.0600 |
| Announcement Date | 2/18/20 | 8/18/20 | 2/16/21 | 8/17/21 | 2/15/22 | 8/16/22 | 2/14/23 | 8/15/23 | 2/14/24 | - | - |
1AUD
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 4,401 | 3,702 | 3,235 | 3,697 | 3,881 | 4,348 | 4,704 | 4,971 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.967 x | 5.272 x | 4.603 x | 4.861 x | 4.491 x | 5.132 x | 5.425 x | 5.434 x |
| Free Cash Flow 1 | 249 | 471 | 485 | 335 | 368 | 418 | 337 | 440 |
| ROE (net income / shareholders' equity) | 2.92% | 4.71% | 5.47% | 5.76% | 4.18% | 5.95% | 6.15% | 6.38% |
| ROA (Net income/ Total Assets) | 2.01% | 3.25% | 3.78% | 4.01% | 2.89% | 4.48% | 4.5% | 4.57% |
| Assets 1 | 17,238 | -55,450 | -6,819 | 30,314 | 8,729 | 13,422 | 14,667 | 17,139 |
| Book Value Per Share 2 | 3.070 | 2.330 | 2.170 | 2.390 | 2.340 | 2.310 | 2.340 | 2.410 |
| Cash Flow per Share 2 | 0.1700 | 0.1200 | 0.1400 | 0.1300 | 0.1500 | 0.1400 | 0.1400 | 0.1500 |
| Capex 1 | 415 | 333 | 162 | 255 | 335 | 432 | 463 | 367 |
| Capex / Sales | 43.6% | 45.14% | 20.48% | 29.77% | 34.84% | 45.9% | 48.06% | 35.59% |
| Announcement Date | 8/13/19 | 8/18/20 | 8/17/21 | 8/16/22 | 8/15/23 | - | - | - |
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
HOLD
Number of Analysts
14
Last Close Price
1.94
AUD
Average target price
2.097
AUD
Spread / Average Target
+8.10%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -4.90% | 5.84B | |
| +3.72% | 48.22B | |
| -10.89% | 12.8B | |
| -20.98% | 11.38B | |
| -11.28% | 10.96B | |
| -1.48% | 7.79B | |
| -5.96% | 5.5B | |
| -5.64% | 4.74B | |
| -8.39% | 4.09B | |
| 0.00% | 3.98B |
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