Company Valuation: DEXUS

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 9,551 8,389 6,953 7,133 5,775 6,199 - -
Change - -12.16% -17.12% 2.59% -19.04% 7.33% - -
Enterprise Value (EV) 1 14,418 13,611 11,809 11,790 5,775 10,722 10,783 10,907
Change - -5.6% -13.24% -0.16% -51.02% 85.65% 0.58% 1.15%
P/E 5.99x -11.1x -4.4x 52.4x 12.5x 9.7x 9.43x 8.91x
PBR 0.7x 0.68x 0.68x 0.72x - 0.64x 0.62x 0.6x
PEG - 0x -0x -0x 0x 0.3x 3.3x 1.51x
Capitalization / Revenue 10.9x 9.89x 7.71x 7.5x 8.13x 6.86x 6.58x 6.31x
EV / Revenue 16.5x 16x 13.1x 12.4x 8.13x 11.9x 11.4x 11.1x
EV / EBITDA 15.5x 15.1x 13.5x 13x 6.25x 14.4x 13.8x 13.3x
EV / EBIT 15.8x 15.3x 13.7x 13.3x 6.41x 14.3x 13.6x 13.2x
EV / FCF 26x 24.8x 25.3x 16x - 25.4x 36.9x 27.5x
FCF Yield 3.85% 4.02% 3.95% 6.26% - 3.93% 2.71% 3.63%
Dividend per Share 2 0.532 0.516 0.48 0.37 - 0.3692 0.3766 0.3928
Rate of return 5.99% 6.62% 7.41% 5.56% - 6.37% 6.49% 6.77%
EPS 2 1.484 -0.7 -1.473 0.1268 0.4334 0.5977 0.6148 0.6511
Distribution rate 35.9% -73.7% -32.6% 292% - 61.8% 61.3% 60.3%
Net sales 1 874.3 848.4 902.2 951.2 710 903 942 982.7
EBITDA 1 928.4 899.9 876.9 903.6 923.6 742.1 783.5 819.7
EBIT 1 914.6 891.5 863 885.5 901.4 750.9 792.7 825.9
Net income 1 1,583 -752.7 -1,584 136.1 482.2 602.6 618.4 638.5
Net Debt 1 4,867 5,222 4,856 4,657 - 4,523 4,585 4,708
Reference price 2 8.880 7.800 6.480 6.650 5.400 5.800 5.800 5.800
Nbr of stocks (in thousands) 1,075,565 1,075,565 1,073,020 1,072,665 1,069,489 1,068,719 - -
Announcement Date 8/16/22 8/15/23 8/19/24 8/19/25 8/19/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.7x11.87x14.45x6.37% 4.45B
33.4x7.38x13.02x4.12% 11.07B
25.2x16.53x26.86x3.91% 7.04B
23.38x16.01x26.78x4.36% 5.35B
164.63x7.91x12.35x4.38% 4.85B
37.83x12.19x15.9x6.37% 4.34B
150.49x7.8x13.6x6.01% 4.21B
25.31x8.61x15.77x3.49% 4.13B
-25.27x10.33x23.4x4.32% 4.08B
8.04x19.56x23.41x6.04% 3.81B
Average 45.27x 11.82x 18.55x 4.94% 5.33B
Weighted average by Cap. 43.94x 11.49x 18.31x 4.76%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield