CHARTER HALL RETAIL REIT |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.35 AUD | +1.52% |
|
0.00% | -7.20% |
| Mar. 28 | Charter Hall Group, Charter Hall Retail REIT Acquire 14.8% Stake in Hotel Property Investments | MT |
| Mar. 18 | Australia shares inch up as miners, banks offset losses in real estate stocks | RE |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,927 | 1,913 | 2,182 | 2,191 | 2,098 | 1,918 | - | - |
| Enterprise Value (EV) 1 | 2,896 | 2,663 | 3,028 | 3,214 | 3,276 | 2,819 | 2,839 | 2,850 |
| P/E ratio | 33.8 x | 35.4 x | 7.47 x | 3.29 x | 55.5 x | 13.5 x | 12.8 x | 12 x |
| Yield | 6.58% | 7.32% | 6.16% | 6.5% | 7.15% | 7.64% | 7.78% | 7.6% |
| Capitalization / Revenue | 13.2 x | 13.1 x | 11.2 x | 10.5 x | 9.83 x | 8.06 x | 8.22 x | 7.99 x |
| EV / Revenue | 19.8 x | 18.2 x | 15.6 x | 15.4 x | 15.3 x | 11.9 x | 12.2 x | 11.9 x |
| EV / EBITDA | 18.1 x | 15.7 x | 17 x | 17 x | 15.9 x | 13.3 x | 13.3 x | 13 x |
| EV / FCF | 25.4 x | -14 x | -37.3 x | 58.9 x | - | 12.5 x | 20.5 x | 20.8 x |
| FCF Yield | 3.93% | -7.14% | -2.68% | 1.7% | - | 7.98% | 4.89% | 4.81% |
| Price to Book | 1.07 x | 0.89 x | 0.95 x | 0.77 x | 0.76 x | 0.73 x | 0.7 x | 0.68 x |
| Nbr of stocks (in thousands) | 440,902 | 570,945 | 574,297 | 581,230 | 581,230 | 581,230 | - | - |
| Reference price 2 | 4.370 | 3.350 | 3.800 | 3.770 | 3.610 | 3.300 | 3.300 | 3.300 |
| Announcement Date | 8/15/19 | 8/12/20 | 8/16/21 | 8/22/22 | 8/14/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 146.4 | 146.4 | 194.1 | 208.2 | 213.4 | 237.9 | 233.3 | 240 |
| EBITDA 1 | 160.4 | 170 | 177.7 | 189.4 | 205.7 | 212.1 | 213.2 | 219.7 |
| EBIT 1 | 160.4 | 71.5 | 177.8 | 189.4 | 205.7 | 213.2 | 210.9 | 218.4 |
| Operating Margin | 109.56% | 48.84% | 91.6% | 90.97% | 96.39% | 89.64% | 90.4% | 90.98% |
| Earnings before Tax (EBT) 1 | 53.1 | 44.2 | 291.2 | 663.6 | 37.8 | 110.9 | 159.1 | 155.2 |
| Net income 1 | 53.1 | 44.2 | 291.2 | 663.6 | 37.8 | 91.59 | 167.3 | 172.6 |
| Net margin | 36.27% | 30.19% | 150.03% | 318.73% | 17.71% | 38.5% | 71.72% | 71.9% |
| EPS 2 | 0.1292 | 0.0946 | 0.5090 | 1.147 | 0.0650 | 0.2438 | 0.2585 | 0.2743 |
| Free Cash Flow 1 | 113.8 | -190 | -81.1 | 54.6 | - | 224.9 | 138.8 | 137.2 |
| FCF margin | 77.73% | -129.78% | -41.78% | 26.22% | - | 94.57% | 59.49% | 57.15% |
| FCF Conversion (EBITDA) | 70.95% | - | - | 28.83% | - | 106.06% | 65.09% | 62.43% |
| FCF Conversion (Net income) | 214.31% | - | - | 8.23% | - | 245.6% | 82.95% | 79.49% |
| Dividend per Share 2 | 0.2876 | 0.2452 | 0.2340 | 0.2450 | 0.2580 | 0.2522 | 0.2567 | 0.2510 |
| Announcement Date | 8/15/19 | 8/12/20 | 8/16/21 | 8/22/22 | 8/14/23 | - | - | - |
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 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 89.9 | 56.5 | 93.8 | 100.3 | 102.9 | 105.3 | - | - | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | 93.7 | 95.7 | 99.7 | - | - | - | - | - |
| Operating Margin | - | - | - | - | 91.06% | 90.88% | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | 66.7 | - | 82.8 | - | 368.6 | 295 | 124.8 | - | -42.1 | - | 81 | - |
| Net margin | 74.19% | - | 88.27% | - | 358.21% | 280.15% | - | - | - | - | - | - |
| EPS | 0.1509 | - | 0.1450 | - | 0.6388 | 0.5079 | 0.2147 | - | -0.0724 | - | 0.1400 | 0.1390 |
| Dividend per Share 1 | 0.1452 | 0.1000 | 0.1070 | 0.1270 | 0.1170 | 0.1280 | - | 0.1300 | - | 0.1300 | 0.1300 | - |
| Announcement Date | 2/19/20 | 8/12/20 | 2/14/21 | 8/16/21 | 2/22/22 | 8/22/22 | 2/15/23 | 8/14/23 | 2/15/24 | - | - | - |
1AUD
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 969 | 750 | 846 | 1,023 | 1,177 | 901 | 921 | 932 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 6.044 x | 4.411 x | 4.761 x | 5.4 x | 5.724 x | 4.248 x | 4.318 x | 4.243 x |
| Free Cash Flow 1 | 114 | -190 | -81.1 | 54.6 | - | 225 | 139 | 137 |
| ROE (net income / shareholders' equity) | 7.32% | 7.22% | 7.02% | 6.37% | 5.96% | 5.82% | 5.95% | 5.58% |
| ROA (Net income/ Total Assets) | 4.51% | 4.66% | 4.84% | 4.45% | 4.1% | 4.05% | 4.09% | 3.97% |
| Assets 1 | 1,178 | 948.7 | 6,017 | 14,907 | 922.3 | 2,262 | 4,088 | 4,343 |
| Book Value Per Share 2 | 4.080 | 3.750 | 4.010 | 4.910 | 4.730 | 4.530 | 4.700 | 4.880 |
| Cash Flow per Share 2 | 0.2800 | - | 0.2700 | 0.2700 | 0.2800 | 0.2700 | 0.2700 | 0.2600 |
| Capex 1 | 368 | 323 | 236 | 213 | - | 45.6 | 29.1 | 29.3 |
| Capex / Sales | 251.23% | 220.56% | 121.38% | 102.21% | - | 19.19% | 12.49% | 12.19% |
| Announcement Date | 8/15/19 | 8/12/20 | 8/16/21 | 8/22/22 | 8/14/23 | - | - | - |
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
12
Last Close Price
3.3
AUD
Average target price
3.837
AUD
Spread / Average Target
+16.26%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -7.20% | 1.25B | |
| -0.20% | 46.38B | |
| -13.75% | 12.39B | |
| -22.92% | 11.06B | |
| -13.01% | 10.74B | |
| -5.43% | 7.45B | |
| -6.66% | 6.54B | |
| -8.23% | 5.8B | |
| -6.86% | 5.6B | |
| -7.00% | 4.67B |
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- Financials Charter Hall Retail REIT
