Financials Ausnet Services

Equities

AST

AU000000AST5

Delayed Australian S.E. 12:10:51 2022-02-04 am EST 5-day change 1st Jan Change
2.59 AUD -.--% Intraday chart for Ausnet Services -.--% -.--%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 6,513 5,677 6,332 6,664 9,836 9,930
Enterprise Value (EV) 1 13,157 12,853 14,283 16,416 17,992 19,837
P/E ratio 25.3 x 19.2 x 24.2 x 22.3 x 32 x -
Yield 4.88% 5.95% 5.72% 5.81% 3.7% 1.83%
Capitalization / Revenue 3.46 x 2.97 x 3.4 x 3.37 x 5.11 x 4.79 x
EV / Revenue 6.99 x 6.73 x 7.67 x 8.3 x 9.35 x 9.57 x
EV / EBITDA 12.7 x 11.6 x 12.9 x 14.2 x 15.9 x 16.7 x
EV / FCF -50.5 x 352 x -48.3 x -65.9 x 88.5 x -300 x
FCF Yield -1.98% 0.28% -2.07% -1.52% 1.13% -0.33%
Price to Book 1.76 x 1.58 x 1.89 x 2.17 x 2.84 x -
Nbr of stocks (in thousands) 3,608,388 3,650,763 3,724,939 3,797,405 3,827,179 3,833,965
Reference price 2 1.805 1.555 1.700 1.755 2.570 2.590
Announcement Date 5/15/17 5/13/18 5/12/19 5/11/20 5/11/21 8/4/23
1AUD in Million2AUD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 1,882 1,910 1,862 1,978 1,924 2,073
EBITDA 1 1,037 1,107 1,105 1,156 1,134 1,184
EBIT 1 660.3 716.7 701 748.8 736.1 771.1
Operating Margin 35.09% 37.53% 37.66% 37.86% 38.25% 37.2%
Earnings before Tax (EBT) 1 363.3 416.6 371.9 415.4 424.1 393.9
Net income 1 255.1 291.4 253.9 290.7 302.1 2,357
Net margin 13.56% 15.26% 13.64% 14.7% 15.7% 113.73%
EPS 2 0.0715 0.0808 0.0701 0.0788 0.0804 -
Free Cash Flow 1 -260.3 36.47 -295.6 -249 203.3 -66.06
FCF margin -13.83% 1.91% -15.88% -12.59% 10.56% -3.19%
FCF Conversion (EBITDA) - 3.29% - - 17.92% -
FCF Conversion (Net income) - 12.52% - - 67.28% -
Dividend per Share 2 0.0880 0.0925 0.0972 0.1020 0.0950 0.0475
Announcement Date 5/15/17 5/13/18 5/12/19 5/11/20 5/11/21 8/4/23
1AUD in Million2AUD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 6,644 7,176 7,951 9,751 8,156 9,907
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 6.406 x 6.481 x 7.196 x 8.439 x 7.191 x 8.365 x
Free Cash Flow 1 -260 36.5 -296 -249 203 -66.1
ROE (net income / shareholders' equity) 7.03% 8.03% 7.42% 9.24% 9.38% 8.19%
ROA (Net income/ Total Assets) 3.52% 3.69% 3.46% 3.45% 3.18% 2.72%
Assets 1 7,242 7,896 7,340 8,417 9,493 86,560
Book Value Per Share 2 1.030 0.9900 0.9000 0.8100 0.9000 -
Cash Flow per Share 2 0.0900 0.1800 0.0900 0.0400 0.2200 -
Capex 1 888 733 893 900 745 787
Capex / Sales 47.21% 38.37% 47.98% 45.52% 38.72% 37.96%
Announcement Date 5/15/17 5/13/18 5/12/19 5/11/20 5/11/21 8/4/23
1AUD in Million2AUD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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