SMARTCENTRES REAL ESTATE INVESTMENT TRUST |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 22.37 CAD | -1.28% |
|
-2.31% | -10.12% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,477 | 3,338 | 4,655 | 3,873 | 3,600 | 3,277 | - | - |
| Enterprise Value (EV) 1 | 4,477 | 3,338 | 4,655 | 3,873 | 3,600 | 8,746 | 8,838 | 3,277 |
| P/E ratio | - | - | - | - | - | - | - | - |
| Yield | 5.81% | 8.02% | 5.75% | 6.91% | 7.43% | 8.16% | 8.16% | 8.16% |
| Capitalization / Revenue | 5.62 x | 4.33 x | 5.91 x | 4.73 x | 4.13 x | 3.62 x | 3.55 x | 3.47 x |
| EV / Revenue | 5.62 x | 4.33 x | 5.91 x | 4.73 x | 4.13 x | 9.66 x | 9.57 x | 3.47 x |
| EV / EBITDA | 8.84 x | 7.73 x | 9.59 x | 7.93 x | 6.7 x | 16.2 x | 16 x | 6.02 x |
| EV / FCF | - | 11.3 x | 12.5 x | - | - | 514 x | 295 x | - |
| FCF Yield | - | 8.87% | 7.97% | - | - | 0.19% | 0.34% | - |
| Price to Book | - | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 143,457 | 144,618 | 144,625 | 144,625 | 144,625 | 144,625 | - | - |
| Reference price 2 | 31.21 | 23.08 | 32.19 | 26.78 | 24.89 | 22.66 | 22.66 | 22.66 |
| Announcement Date | 2/12/20 | 2/11/21 | 2/15/22 | 2/8/23 | 2/14/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 796.2 | 771.1 | 787.4 | 818.6 | 871.1 | 905.4 | 923.8 | 944 |
| EBITDA 1 | 506.5 | 432 | 485.6 | 488.2 | 537.5 | 541.3 | 552.7 | 544 |
| EBIT | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 296 | 371.3 | - | - | 17 | 30 | - |
| FCF margin | - | 38.38% | 47.15% | - | - | 1.88% | 3.25% | - |
| FCF Conversion (EBITDA) | - | 68.51% | 76.46% | - | - | 3.14% | 5.43% | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 1.813 | 1.850 | 1.850 | 1.850 | 1.850 | 1.850 | 1.850 | 1.850 |
| Announcement Date | 2/12/20 | 2/11/21 | 2/15/22 | 2/8/23 | 2/14/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | - | - | 221.5 | 226.6 | 214.8 | 211.5 | 218.7 | 229.9 | 222.5 |
| EBITDA 1 | - | 123.5 | 138.8 | - | - | 138.4 | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | 0.4625 | 0.4620 | - | - | - | - | - | - | - | - |
| Announcement Date | 5/10/23 | 8/9/23 | 11/8/23 | 2/14/24 | 5/8/24 | - | - | - | - | - |
1CAD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | 5,469 | 5,561 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | 10.1 x | 10.06 x | - |
| Free Cash Flow 1 | - | 296 | 371 | - | - | 17 | 30 | - |
| ROE (net income / shareholders' equity) | - | - | - | - | - | - | - | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets | - | - | - | - | - | - | - | - |
| Book Value Per Share | - | - | - | - | - | - | - | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 2/12/20 | 2/11/21 | 2/15/22 | 2/8/23 | 2/14/24 | - | - | - |
1CAD in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
HOLD
Number of Analysts
8
Last Close Price
22.66
CAD
Average target price
24.81
CAD
Spread / Average Target
+9.50%
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -10.12% | 2.4B | |
| +3.18% | 48.2B | |
| -14.45% | 12.45B | |
| -12.07% | 10.93B | |
| -23.72% | 10.89B | |
| -5.41% | 7.57B | |
| -5.88% | 5.95B | |
| -6.37% | 5.8B | |
| -8.22% | 4.62B | |
| 0.00% | 4.01B |
- Stock Market
- Equities
- SRU.UN Stock
- Financials SmartCentres Real Estate Investment Trust
