ARENA REIT |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.53 AUD | -2.22% |
|
0.00% | -4.85% |
| Mar. 19 | Arena REIT Declares Q1 Dividend | MT |
| Mar. 19 | Arena REIT Announces Distribution for the Quarter Ending 31 March 2024, Payable on 9 May 2024 | CI |
Valuation
| Fiscal Period: Juni | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 815.3 | 716.7 | 1,237 | 1,480 | 1,319 | 1,254 | - | - |
| Enterprise Value (EV) 1 | 994.7 | 854.4 | 1,469 | 1,781 | 1,643 | 1,616 | 1,659 | 1,712 |
| P/E ratio | 12.7 x | 8.66 x | 7.48 x | 4.43 x | 17.7 x | 19 x | 16.6 x | 18.1 x |
| Yield | 4.93% | 6.39% | 4.11% | 3.75% | 4.47% | 4.9% | 5.16% | 5.4% |
| Capitalization / Revenue | 16.5 x | 13.2 x | 20.7 x | 22.2 x | 17.8 x | 15.7 x | 14.4 x | 13.3 x |
| EV / Revenue | 20.2 x | 15.7 x | 24.6 x | 26.7 x | 22.2 x | 20.2 x | 19 x | 18.1 x |
| EV / EBITDA | 22.1 x | 17.2 x | 26.5 x | 28.9 x | 23.6 x | 21.5 x | 20.4 x | 19.4 x |
| EV / FCF | -30.8 x | -30.4 x | -40.7 x | -60.6 x | 75.9 x | 42.7 x | 40.7 x | 69.2 x |
| FCF Yield | -3.24% | -3.29% | -2.45% | -1.65% | 1.32% | 2.34% | 2.46% | 1.44% |
| Price to Book | 1.56 x | 1.19 x | 1.67 x | 1.27 x | 1.1 x | 1.08 x | 1.04 x | 0.98 x |
| Nbr of stocks (in thousands) | 297,537 | 327,278 | 343,644 | 346,678 | 350,705 | 355,150 | - | - |
| Reference price 2 | 2.740 | 2.190 | 3.600 | 4.270 | 3.760 | 3.530 | 3.530 | 3.530 |
| Announcement Date | 8/12/19 | 8/12/20 | 8/10/21 | 8/10/22 | 8/9/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Juni | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 49.33 | 54.4 | 59.81 | 66.58 | 74.15 | 80.06 | 87.24 | 94.39 |
| EBITDA 1 | 45.03 | 49.58 | 55.36 | 61.55 | 69.51 | 75.08 | 81.42 | 88.27 |
| EBIT 1 | 45.03 | 49.58 | 55.36 | 61.55 | 69.51 | 74.6 | 81.2 | 88.4 |
| Operating Margin | 91.29% | 91.14% | 92.57% | 92.43% | 93.75% | 93.18% | 93.08% | 93.66% |
| Earnings before Tax (EBT) 1 | 37.69 | 43.84 | 51.94 | 56.33 | 59.65 | 62.83 | 66.46 | 70.57 |
| Net income 1 | 59.32 | 76.64 | 165.4 | 334.3 | 74.24 | 62.92 | 82.08 | 79.64 |
| Net margin | 120.26% | 140.88% | 276.55% | 502.05% | 100.12% | 78.58% | 94.09% | 84.37% |
| EPS 2 | 0.2159 | 0.2530 | 0.4816 | 0.9640 | 0.2120 | 0.1854 | 0.2130 | 0.1949 |
| Free Cash Flow 1 | -32.28 | -28.1 | -36.06 | -29.4 | 21.65 | 37.84 | 40.79 | 24.73 |
| FCF margin | -65.43% | -51.64% | -60.29% | -44.16% | 29.2% | 47.26% | 46.75% | 26.2% |
| FCF Conversion (EBITDA) | - | - | - | - | 31.14% | 50.4% | 50.09% | 28.02% |
| FCF Conversion (Net income) | - | - | - | - | 29.16% | 60.13% | 49.69% | 31.05% |
| Dividend per Share 2 | 0.1350 | 0.1400 | 0.1480 | 0.1600 | 0.1680 | 0.1730 | 0.1823 | 0.1906 |
| Announcement Date | 8/12/19 | 8/12/20 | 8/10/21 | 8/10/22 | 8/9/23 | - | - | - |
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 Q4 |
|---|---|---|---|---|---|---|---|
| Net sales | 26.74 | 27.66 | 28.49 | - | - | 27.84 | - |
| EBITDA | - | - | - | - | - | 31.87 | - |
| EBIT | - | - | - | 29.18 | 29.68 | 31.87 | - |
| Operating Margin | - | - | - | - | - | 114.46% | - |
| Earnings before Tax (EBT) | - | - | - | - | - | 28.84 | - |
| Net income | - | - | - | - | - | 148.5 | - |
| Net margin | - | - | - | - | - | 533.3% | - |
| EPS | - | - | - | - | - | 0.4271 | - |
| Dividend per Share 1 | - | - | - | - | - | 0.0810 | 0.0420 |
| Announcement Date | 2/12/20 | 8/12/20 | 2/11/21 | 8/10/21 | 2/10/22 | 8/10/22 | 8/9/23 |
1AUD
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 179 | 138 | 232 | 300 | 324 | 362 | 405 | 459 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.985 x | 2.776 x | 4.194 x | 4.88 x | 4.664 x | 4.82 x | 4.976 x | 5.195 x |
| Free Cash Flow 1 | -32.3 | -28.1 | -36.1 | -29.4 | 21.6 | 37.8 | 40.8 | 24.7 |
| ROE (net income / shareholders' equity) | 7.85% | 7.43% | 7.55% | 6.44% | 5.78% | 5.54% | 5.65% | 5.48% |
| ROA (Net income/ Total Assets) | 7.65% | 4.61% | 4.8% | 4.22% | 3.86% | 4.67% | 4.79% | 4.51% |
| Assets 1 | 775.8 | 1,663 | 3,448 | 7,923 | 1,921 | 1,347 | 1,715 | 1,767 |
| Book Value Per Share 2 | 1.750 | 1.840 | 2.160 | 3.370 | 3.420 | 3.270 | 3.410 | 3.610 |
| Cash Flow per Share 2 | 0.1300 | 0.1500 | 0.1500 | 0.1500 | 0.1700 | 0.1800 | 0.1800 | 0.1900 |
| Capex 1 | - | 75.9 | 87.5 | 87.5 | 38.2 | 43.3 | 55.7 | 65.1 |
| Capex / Sales | - | 139.51% | 146.28% | 131.41% | 51.53% | 54.12% | 63.89% | 68.93% |
| Announcement Date | 8/12/19 | 8/12/20 | 8/10/21 | 8/10/22 | 8/9/23 | - | - | - |
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
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
3.53
AUD
Average target price
3.858
AUD
Spread / Average Target
+9.28%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -4.85% | 818M | |
| -20.47% | 80.17B | |
| -9.16% | 69.43B | |
| +6.13% | 44.6B | |
| -18.76% | 40.66B | |
| +10.77% | 22.72B | |
| -22.65% | 21.2B | |
| +7.61% | 11.69B | |
| +12.68% | 2.61B | |
| -12.82% | 2.15B |
- Stock Market
- Equities
- ARF Stock
- Financials Arena REIT
