CENTURIA INDUSTRIAL REIT |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.17 AUD | -0.63% |
|
-3.07% | -2.77% |
| Apr. 12 | Centuria Industrial REIT Announces Management Appointments | CI |
| Mar. 08 | Centuria Industrial REIT Declares Quarterly Dividend | MT |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 828.8 | 1,259 | 2,049 | 1,782 | 1,968 | 2,025 | - | - |
| Enterprise Value (EV) 1 | 1,288 | 1,694 | 2,876 | 3,128 | 3,237 | 3,290 | 3,306 | 3,335 |
| P/E ratio | 8.92 x | 14.1 x | 3.16 x | 4.69 x | -25.6 x | 18.6 x | 18.1 x | 18 x |
| Yield | 6.01% | 5.9% | 4.57% | 6.16% | 5.16% | 5.02% | 5.11% | 5.23% |
| Capitalization / Revenue | 8.83 x | 10.7 x | 12.8 x | 8.75 x | 8.86 x | 10.8 x | 10.2 x | 9.74 x |
| EV / Revenue | 13.7 x | 14.3 x | 17.9 x | 15.4 x | 14.6 x | 17.5 x | 16.6 x | 16 x |
| EV / EBITDA | 20.4 x | 21.4 x | 25.7 x | 23.5 x | 22.5 x | 20.9 x | 19.5 x | 18.6 x |
| EV / FCF | 25.6 x | 25.9 x | 34.4 x | 27.9 x | 33.2 x | 30.2 x | 29.6 x | 29.9 x |
| FCF Yield | 3.9% | 3.86% | 2.91% | 3.58% | 3.01% | 3.32% | 3.38% | 3.35% |
| Price to Book | 1.06 x | 0.93 x | 0.97 x | 0.66 x | 0.78 x | 0.8 x | 0.75 x | 0.71 x |
| Nbr of stocks (in thousands) | 270,847 | 397,075 | 550,680 | 633,997 | 634,931 | 634,931 | - | - |
| Reference price 2 | 3.060 | 3.170 | 3.720 | 2.810 | 3.100 | 3.190 | 3.190 | 3.190 |
| Announcement Date | 8/5/19 | 8/4/20 | 8/4/21 | 8/3/22 | 8/13/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Juni | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 93.86 | 118.2 | 160.3 | 203.5 | 222.1 | 188.2 | 199.5 | 207.9 |
| EBITDA 1 | 63.2 | 79.26 | 111.8 | 133.2 | 143.7 | 157.5 | 169.5 | 179.2 |
| EBIT 1 | 63.2 | 79.26 | 111.8 | 133.2 | 143.7 | 158.1 | 169.8 | 180.3 |
| Operating Margin | 67.34% | 67.08% | 69.72% | 65.45% | 64.7% | 84% | 85.12% | 86.7% |
| Earnings before Tax (EBT) 1 | - | 75.34 | 611.2 | 367.5 | -76.61 | 109.9 | 112.3 | 112.6 |
| Net income 1 | 88.83 | 75.34 | 611.2 | 367.5 | -76.61 | 88.21 | 129.9 | 129.7 |
| Net margin | 94.64% | 63.76% | 381.2% | 180.56% | -34.5% | 46.88% | 65.14% | 62.38% |
| EPS 2 | 0.3430 | 0.2250 | 1.177 | 0.5990 | -0.1210 | 0.1711 | 0.1759 | 0.1772 |
| Free Cash Flow 1 | 50.26 | 65.34 | 83.67 | 111.9 | 97.6 | 109.1 | 111.7 | 111.7 |
| FCF margin | 53.55% | 55.29% | 52.18% | 55% | 43.95% | 57.99% | 56.01% | 53.72% |
| FCF Conversion (EBITDA) | 79.53% | 82.43% | 74.84% | 84.02% | 67.93% | 69.3% | 65.92% | 62.32% |
| FCF Conversion (Net income) | 56.58% | 86.72% | 13.69% | 30.46% | - | 123.7% | 85.98% | 86.12% |
| Dividend per Share 2 | 0.1840 | 0.1870 | 0.1700 | 0.1730 | 0.1600 | 0.1603 | 0.1630 | 0.1669 |
| Announcement Date | 8/5/19 | 8/4/20 | 8/4/21 | 8/3/22 | 8/13/23 | - | - | - |
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 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 54.02 | 64.15 | 73.18 | 87.17 | - | - | - | - | 108.5 | - | - |
| EBITDA | 35.37 | - | - | 58.4 | - | - | - | 71.08 | - | - | - |
| EBIT | 35.37 | - | - | - | - | - | 72.6 | 71.08 | 70.69 | - | - |
| Operating Margin | 65.48% | - | - | - | - | - | - | - | 65.14% | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | 99.56 | - | - | 59.4 | - | - | 12.18 | - | - |
| Net margin | - | - | 136.04% | - | - | - | - | - | 11.22% | - | - |
| EPS | - | - | 0.2041 | - | - | - | - | - | 0.0192 | - | - |
| Dividend per Share 1 | 0.0935 | 0.0468 | 0.0850 | 0.0850 | 0.0865 | 0.0865 | 0.0800 | 0.0800 | 0.0800 | 0.0800 | 0.0800 |
| Announcement Date | 2/4/20 | 8/4/20 | 2/1/21 | 8/4/21 | 1/31/22 | 8/3/22 | 1/30/23 | 8/13/23 | 2/6/24 | - | - |
1AUD
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 459 | 435 | 828 | 1,346 | 1,269 | 1,264 | 1,281 | 1,310 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 7.264 x | 5.492 x | 7.404 x | 10.11 x | 8.832 x | 8.03 x | 7.557 x | 7.306 x |
| Free Cash Flow 1 | 50.3 | 65.3 | 83.7 | 112 | 97.6 | 109 | 112 | 112 |
| ROE (net income / shareholders' equity) | 6.97% | 6.01% | 4.9% | 4.64% | 4.16% | 4.34% | 4.33% | 4.18% |
| ROA (Net income/ Total Assets) | 4.15% | 3.94% | 3.37% | 3.08% | 2.68% | 3.02% | 3.11% | 3.3% |
| Assets 1 | 2,140 | 1,915 | 18,138 | 11,933 | -2,854 | 2,921 | 4,174 | 3,936 |
| Book Value Per Share 2 | 2.900 | 3.390 | 3.850 | 4.240 | 3.960 | 3.990 | 4.240 | 4.470 |
| Cash Flow per Share 2 | 0.1900 | 0.1900 | 0.1600 | 0.1800 | 0.1600 | 0.1700 | 0.1700 | 0.1800 |
| Capex 1 | - | - | - | - | - | 20.9 | 36.7 | 93.6 |
| Capex / Sales | - | - | - | - | - | 11.09% | 18.39% | 45% |
| Announcement Date | 8/5/19 | 8/4/20 | 8/4/21 | 8/3/22 | 8/13/23 | - | - | - |
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
D+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
3.19
AUD
Average target price
3.506
AUD
Spread / Average Target
+9.89%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -2.77% | 1.32B | |
| -23.44% | 94.48B | |
| +24.31% | 39.08B | |
| -23.69% | 9.31B | |
| -15.35% | 7.47B | |
| -27.42% | 6.24B | |
| -12.40% | 6.25B | |
| -13.76% | 6.01B | |
| -12.49% | 5.85B | |
| -12.56% | 5.23B |
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