DEXUS CONVENIENCE RETAIL REIT |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.7 AUD | +1.12% |
|
+1.12% | +3.85% |
| Mar. 14 | Dexus Convenience Retail REIT Declares Dividend for March Quarter | MT |
| Feb. 05 | Transcript : Dexus Convenience Retail REIT, H1 2024 Earnings Call, Feb 05, 2024 |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 246.2 | 372.9 | 459.2 | 394 | 352.7 | 371.9 | - | - |
| Enterprise Value (EV) 1 | 361.3 | 447.2 | 639.8 | 688.4 | 610.6 | 617 | 640.2 | 636.8 |
| P/E ratio | - | 6.62 x | 5.96 x | 4.72 x | -194 x | 19.8 x | 9.69 x | 7.32 x |
| Yield | 6.7% | 6.41% | 5.89% | 8.08% | 8.44% | 7.74% | 7.8% | 8.07% |
| Capitalization / Revenue | 9.97 x | 11.1 x | 13.8 x | 9.23 x | 5.94 x | 7.31 x | 7.22 x | 7.16 x |
| EV / Revenue | 14.6 x | 13.4 x | 19.3 x | 16.1 x | 10.3 x | 12.1 x | 12.4 x | 12.3 x |
| EV / EBITDA | 16.6 x | 19.3 x | 21.9 x | 18.7 x | 13.5 x | 15.2 x | 15.3 x | 14.8 x |
| EV / FCF | 22.1 x | 21.5 x | 33.2 x | 40.9 x | 17.8 x | 21.4 x | 14.8 x | 21.5 x |
| FCF Yield | 4.52% | 4.66% | 3.01% | 2.45% | 5.62% | 4.67% | 6.75% | 4.65% |
| Price to Book | 1.05 x | 1.04 x | 1.01 x | 0.71 x | 0.68 x | 0.74 x | 0.73 x | 0.76 x |
| Nbr of stocks (in thousands) | 78,910 | 109,685 | 123,430 | 137,757 | 137,757 | 137,757 | - | - |
| Reference price 2 | 3.120 | 3.400 | 3.720 | 2.860 | 2.560 | 2.700 | 2.700 | 2.700 |
| Announcement Date | 8/19/19 | 8/17/20 | 8/16/21 | 8/7/22 | 8/6/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Juni | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 24.7 | 33.46 | 33.23 | 42.68 | 59.38 | 50.91 | 51.53 | 51.97 |
| EBITDA 1 | 21.75 | 23.13 | 29.15 | 36.75 | 45.24 | 40.48 | 41.75 | 43.02 |
| EBIT 1 | 21.75 | 23.13 | 29.15 | 36.75 | 45.24 | 40.48 | 41.75 | 43.02 |
| Operating Margin | 88.07% | 69.13% | 87.71% | 86.11% | 76.19% | 79.5% | 81.02% | 82.78% |
| Earnings before Tax (EBT) | - | 45.8 | 73.82 | 82.64 | -8.38 | - | 29.6 | - |
| Net income 1 | - | 45.8 | 73.82 | 82.64 | -8.38 | 18.85 | 38.4 | 50.8 |
| Net margin | - | 136.87% | 222.13% | 193.63% | -14.11% | 37.02% | 74.52% | 97.74% |
| EPS 2 | - | 0.5137 | 0.6238 | 0.6060 | -0.0132 | 0.1365 | 0.2785 | 0.3690 |
| Free Cash Flow 1 | 16.33 | 20.84 | 19.28 | 16.85 | 34.32 | 28.8 | 43.2 | 29.6 |
| FCF margin | 66.13% | 62.28% | 58.02% | 39.49% | 57.8% | 56.57% | 83.84% | 56.95% |
| FCF Conversion (EBITDA) | 75.08% | 90.09% | 66.15% | 45.85% | 75.87% | 71.15% | 103.48% | 68.8% |
| FCF Conversion (Net income) | - | 45.51% | 26.12% | 20.39% | - | 152.79% | 112.5% | 58.27% |
| Dividend per Share 2 | 0.2090 | 0.2180 | 0.2190 | 0.2310 | 0.2160 | 0.2091 | 0.2106 | 0.2180 |
| Announcement Date | 8/19/19 | 8/17/20 | 8/16/21 | 8/7/22 | 8/6/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2020 S1 | 2021 S1 | 2021 S2 | 2023 S1 | 2023 S2 | 2024 S1 |
|---|---|---|---|---|---|---|
| Net sales 1 | 12.67 | - | 17.41 | 30.71 | 28.66 | 24.44 |
| EBITDA | 11.18 | - | 15.24 | - | 21.7 | - |
| EBIT | 11.18 | - | - | - | 21.7 | - |
| Operating Margin | 88.23% | - | - | - | 75.7% | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - |
| Net income | - | 9.274 | - | 1.543 | - | - |
| Net margin | - | - | - | 5.02% | - | - |
| EPS | - | 0.1853 | - | - | - | - |
| Dividend per Share 2 | 0.1090 | - | 0.1095 | - | - | 0.1040 |
| Announcement Date | 2/17/20 | 2/15/21 | 8/16/21 | 2/5/23 | 8/6/23 | 2/4/24 |
1AUD in Million2AUD
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 115 | 74.2 | 181 | 294 | 258 | 245 | 268 | 265 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.291 x | 3.209 x | 6.198 x | 8.011 x | 5.702 x | 6.055 x | 6.425 x | 6.155 x |
| Free Cash Flow 1 | 16.3 | 20.8 | 19.3 | 16.9 | 34.3 | 28.8 | 43.2 | 29.6 |
| ROE (net income / shareholders' equity) | 10.4% | 7.7% | 16.3% | 6.05% | -1.57% | 5.76% | 5.84% | 5.99% |
| ROA (Net income/ Total Assets) | 6.84% | 5.64% | - | 7.67% | 6.34% | 4.39% | 4.44% | 4.66% |
| Assets 1 | - | 812.1 | - | 1,077 | -132.2 | 429.5 | 864 | 1,090 |
| Book Value Per Share 2 | 2.960 | 3.270 | 3.670 | 4.030 | 3.750 | 3.640 | 3.690 | 3.570 |
| Cash Flow per Share 2 | 0.2100 | 0.2500 | 0.2100 | 0.2100 | 0.2500 | 0.2000 | 0.2200 | 0.2300 |
| Capex 1 | 0.11 | 1.53 | 5.12 | 12.2 | 0.08 | 2.9 | 10.4 | 1 |
| Capex / Sales | 0.43% | 4.56% | 15.39% | 28.6% | 0.14% | 5.7% | 20.12% | 1.92% |
| Announcement Date | 8/19/19 | 8/17/20 | 8/16/21 | 8/7/22 | 8/6/23 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
2.7
AUD
Average target price
3.137
AUD
Spread / Average Target
+16.18%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +3.85% | 244M | |
| +6.28% | 49.32B | |
| -8.35% | 13.05B | |
| -7.55% | 11.32B | |
| -22.81% | 10.71B | |
| -2.18% | 7.66B | |
| -3.35% | 6.78B | |
| -3.15% | 6.1B | |
| -4.17% | 5.89B | |
| -3.02% | 4.81B |
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- Financials Dexus Convenience Retail REIT
