CAPITALAND ASCOTT TRUST |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.9 SGD | 0.00% |
|
+3.45% | -9.09% |
| Apr. 25 | CapitaLand Ascott Provides Update on Use of Proceeds | MT |
| Apr. 24 | CapitaLand Ascott Trust's Q1 Gross Profit Jumps 15% | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,101 | 3,357 | 3,375 | 3,614 | 3,726 | 3,398 | - | - |
| Enterprise Value (EV) 1 | 5,849 | 5,017 | 5,757 | 6,125 | 6,341 | 6,358 | 6,485 | 6,607 |
| P/E ratio | 14.8 x | -14 x | 11.1 x | 16.8 x | 16.3 x | 16.9 x | 16.7 x | 16 x |
| Yield | 5.72% | 2.81% | 4.19% | 5.4% | 6.64% | 6.82% | 7.22% | 7.71% |
| Capitalization / Revenue | 7.96 x | 9.08 x | 8.56 x | 5.82 x | 5 x | 4.29 x | 4.08 x | 3.84 x |
| EV / Revenue | 11.4 x | 13.6 x | 14.6 x | 9.86 x | 8.52 x | 8.03 x | 7.79 x | 7.46 x |
| EV / EBITDA | 24.9 x | 44.6 x | 38.5 x | 25.1 x | 18.5 x | 18.5 x | 18.1 x | 17.5 x |
| EV / FCF | 34 x | 139 x | 149 x | 26.2 x | -63.7 x | 32.6 x | 91.3 x | 20.3 x |
| FCF Yield | 2.94% | 0.72% | 0.67% | 3.82% | -1.57% | 3.07% | 1.09% | 4.93% |
| Price to Book | 1.06 x | 0.94 x | 0.87 x | 0.91 x | 0.85 x | 0.78 x | 0.79 x | 0.8 x |
| Nbr of stocks (in thousands) | 3,083,089 | 3,108,048 | 3,276,547 | 3,441,974 | 3,763,304 | 3,776,052 | - | - |
| Reference price 2 | 1.330 | 1.080 | 1.030 | 1.050 | 0.9900 | 0.9000 | 0.9000 | 0.9000 |
| Announcement Date | 1/29/20 | 1/27/21 | 1/27/22 | 1/30/23 | 1/28/24 | - | - | - |
1SGD in Million2SGD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 515 | 369.9 | 394.4 | 621.2 | 744.6 | 791.7 | 832.6 | 885.8 |
| EBITDA 1 | 235 | 112.5 | 149.7 | 243.9 | 342.8 | 344.3 | 358.8 | 377.5 |
| EBIT 1 | 222.5 | 100.3 | 130.7 | 223.4 | 318.2 | 315 | 337.7 | 344.9 |
| Operating Margin | 43.2% | 27.12% | 33.13% | 35.96% | 42.74% | 39.78% | 40.56% | 38.93% |
| Earnings before Tax (EBT) 1 | 352.9 | -222.2 | 374.9 | 259.8 | 302.2 | 229.9 | 229 | 233.7 |
| Net income 1 | 308.2 | -189.7 | 309.3 | 223.3 | 231.3 | 175.5 | 175.9 | 199.6 |
| Net margin | 59.84% | -51.28% | 78.42% | 35.95% | 31.06% | 22.17% | 21.12% | 22.54% |
| EPS 2 | 0.0899 | -0.0769 | 0.0932 | 0.0625 | 0.0607 | 0.0532 | 0.0540 | 0.0563 |
| Free Cash Flow 1 | 172.2 | 35.98 | 38.75 | 233.8 | -99.57 | 195 | 71 | 326 |
| FCF margin | 33.43% | 9.73% | 9.83% | 37.64% | -13.37% | 24.63% | 8.53% | 36.8% |
| FCF Conversion (EBITDA) | 73.28% | 31.98% | 25.89% | 95.87% | - | 56.64% | 19.79% | 86.35% |
| FCF Conversion (Net income) | 55.87% | - | 12.53% | 104.7% | - | 111.1% | 40.37% | 163.31% |
| Dividend per Share 2 | 0.0761 | 0.0303 | 0.0432 | 0.0567 | 0.0657 | 0.0614 | 0.0650 | 0.0694 |
| Announcement Date | 1/29/20 | 1/27/21 | 1/27/22 | 1/30/23 | 1/28/24 | - | - | - |
1SGD in Million2SGD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S2 | 2022 S1 | 2023 S1 |
|---|---|---|---|
| Net sales 1 | 161.4 | 267.4 | 346.9 |
| EBITDA | - | - | - |
| EBIT | - | - | - |
| Operating Margin | - | - | - |
| Earnings before Tax (EBT) | - | - | - |
| Net income | - | - | - |
| Net margin | - | - | - |
| EPS | - | - | - |
| Dividend per Share 2 | 0.0199 | 0.0233 | 0.0278 |
| Announcement Date | 1/27/21 | 7/28/22 | 7/27/23 |
1SGD in Million2SGD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,749 | 1,660 | 2,383 | 2,511 | 2,616 | 2,959 | 3,087 | 3,209 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 7.443 x | 14.76 x | 15.92 x | 10.3 x | 7.63 x | 8.596 x | 8.602 x | 8.499 x |
| Free Cash Flow 1 | 172 | 36 | 38.8 | 234 | -99.6 | 195 | 71 | 326 |
| ROE (net income / shareholders' equity) | 9.17% | 2.67% | 7.5% | 5.16% | 5.07% | 3.91% | 4.3% | 4.44% |
| ROA (Net income/ Total Assets) | 5.27% | 1.42% | 4.15% | 2.83% | 2.76% | 2.05% | 2.21% | 2.3% |
| Assets 1 | 5,849 | -13,329 | 7,449 | 7,878 | 8,377 | 8,556 | 7,945 | 8,683 |
| Book Value Per Share 2 | 1.250 | 1.150 | 1.190 | 1.150 | 1.160 | 1.150 | 1.140 | 1.120 |
| Cash Flow per Share 2 | 0.0900 | 0.0200 | 0.0500 | 0.0800 | 0.0800 | 0.0700 | 0.0700 | - |
| Capex 1 | 21.9 | 19.9 | 107 | 48.5 | 89.9 | 58.2 | 43.9 | 37.8 |
| Capex / Sales | 4.25% | 5.39% | 27.1% | 7.81% | 12.07% | 7.35% | 5.27% | 4.27% |
| Announcement Date | 1/29/20 | 1/27/21 | 1/27/22 | 1/30/23 | 1/28/24 | - | - | - |
1SGD in Million2SGD
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
BUY
Number of Analysts
10
Last Close Price
0.9
SGD
Average target price
1.139
SGD
Spread / Average Target
+26.56%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -9.09% | 2.49B | |
| -10.70% | 29.7B | |
| -13.96% | 11.53B | |
| -2.73% | 6.34B | |
| -9.69% | 3.64B | |
| +8.30% | 3.49B | |
| +19.51% | 2.44B | |
| -8.54% | 2.37B | |
| -4.01% | 2.1B | |
| -3.62% | 1.91B |
- Stock Market
- Equities
- HMN Stock
- Financials CapitaLand Ascott Trust
