Financials Daiwa House Logistics Trust

Equities

DHLU

SGXC62140063

Commercial REITs

Market Closed - Singapore S.E. 05:04:34 2024-04-26 am EDT 5-day change 1st Jan Change
0.58 SGD 0.00% Intraday chart for Daiwa House Logistics Trust 0.00% -11.45%

Valuation

Fiscal Period: December 2022 2023 2024 2025
Capitalization 1 439.8 455.6 403.9 -
Enterprise Value (EV) 1 729.1 455.6 851.9 778.4
P/E ratio 3.04 x 10.5 x 12.3 x 11.7 x
Yield 8.98% - 8.97% 9.66%
Capitalization / Revenue 6.4 x 7.61 x 6.31 x 5.89 x
EV / Revenue 10.6 x 7.61 x 13.3 x 11.3 x
EV / EBITDA 15.5 x 11.5 x 17.4 x 16 x
EV / FCF - - - -
FCF Yield - - - -
Price to Book 0.75 x - 0.78 x 0.73 x
Nbr of stocks (in thousands) 692,535 695,503 696,460 -
Reference price 2 0.6350 0.6550 0.5800 0.5800
Announcement Date 2/23/23 2/27/24 - -
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2022 2023 2024 2025
Net sales 1 71.02 68.72 59.85 64 68.6
EBITDA 1 - 47.03 39.48 49 48.55
EBIT 1 - 47.03 39.48 49 48.55
Operating Margin - 68.44% 65.96% 76.56% 70.78%
Earnings before Tax (EBT) 1 - 162.5 49.71 39 40
Net income 1 25.95 140.3 42.47 33 34
Net margin 36.54% 204.16% 70.96% 51.56% 49.56%
EPS 2 - 0.2090 0.0626 0.0470 0.0495
Free Cash Flow - - - - -
FCF margin - - - - -
FCF Conversion (EBITDA) - - - - -
FCF Conversion (Net income) - - - - -
Dividend per Share 2 - 0.0570 - 0.0520 0.0560
Announcement Date 11/23/21 2/23/23 2/27/24 - -
1SGD in Million2SGD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 S1
Net sales 1 30.9
EBITDA -
EBIT -
Operating Margin -
Earnings before Tax (EBT) -
Net income -
Net margin -
EPS -
Dividend per Share 2 0.0261
Announcement Date 8/2/23
1SGD in Million2SGD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2022 2023 2024 2025
Net Debt 1 - 289 - 448 375
Net Cash position 1 - - - - -
Leverage (Debt/EBITDA) - 6.152 x - 9.143 x 7.713 x
Free Cash Flow - - - - -
ROE (net income / shareholders' equity) - 23.8% - 6.4% 6.18%
ROA (Net income/ Total Assets) - 11.9% - 2.9% 2.9%
Assets 1 - 1,177 - 1,138 1,172
Book Value Per Share 2 - 0.8500 - 0.7400 0.7900
Cash Flow per Share 2 - 0.0900 - 0.0600 0.0500
Capex 1 - 886 - 59 2
Capex / Sales - 1,288.9% - 92.19% 2.92%
Announcement Date 11/23/21 2/23/23 2/27/24 - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
0.58 SGD
Average target price
0.78 SGD
Spread / Average Target
+34.48%
Consensus

Annual profits - Rate of surprise

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