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 6,295 - -
Change - -12.16% -17.12% 2.59% -19.04% 9% - -
Enterprise Value (EV) 1 14,418 13,611 11,809 11,790 5,775 10,818 10,880 11,003
Change - -5.6% -13.24% -0.16% -51.02% 87.32% 0.57% 1.14%
P/E 5.99x -11.1x -4.4x 52.4x 12.5x 9.85x 9.58x 9.05x
PBR 0.7x 0.68x 0.68x 0.72x - 0.65x 0.63x 0.61x
PEG - 0x -0x -0x 0x 0.3x 3.35x 1.53x
Capitalization / Revenue 10.9x 9.89x 7.71x 7.5x 8.13x 7.87x 7.36x 6.98x
EV / Revenue 16.5x 16x 13.1x 12.4x 8.13x 13.5x 12.7x 12.2x
EV / EBITDA 15.5x 15.1x 13.5x 13x 6.25x 14.6x 13.9x 13.4x
EV / EBIT 15.8x 15.3x 13.7x 13.3x 6.41x 14.4x 13.7x 13.3x
EV / FCF 26x 24.8x 25.3x 16x - 25.6x 37.2x 27.8x
FCF Yield 3.85% 4.02% 3.95% 6.26% - 3.9% 2.69% 3.6%
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% - 6.27% 6.39% 6.67%
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 1 874.3 848.4 902.2 951.2 710 800 855.3 901.4
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 5.890 5.890 5.890
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.($)
9.85x13.52x14.58x6.27% 4.5B
32.31x7.28x12.82x4.26% 10.71B
25.06x16.47x26.77x3.93% 6.99B
23.57x16.1x26.93x4.32% 5.4B
159.76x7.8x12.17x4.51% 4.7B
37.96x12.21x15.93x6.34% 4.38B
150.53x7.8x13.6x6% 4.21B
24.57x8.45x15.49x3.6% 4.01B
-23.98x10.04x22.73x4.55% 3.87B
Average 48.85x 11.08x 17.89x 4.87% 5.42B
Weighted average by Cap. 46.14x 11.00x 17.83x 4.73%

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