Financials EC World Real Estate Investment Trust

Equities

BWCU

SG1DA7000003

Specialized REITs

Market Closed - Singapore S.E. 01:24:00 2023-08-28 am EDT 5-day change 1st Jan Change
0.28 SGD -6.67% Intraday chart for EC World Real Estate Investment Trust -.--% -.--%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 596.3 546.5 596.9 576.2 623.3 360.4
Enterprise Value (EV) 1 894.4 878.8 1,136 1,122 1,180 840.8
P/E ratio 12.5 x 11.6 x 9.08 x 37.2 x 25.4 x 35.6 x
Yield 7.93% 8.96% 8.12% 7.5% 8.13% 10.7%
Capitalization / Revenue 6.53 x 5.68 x 6.02 x 5.25 x 4.97 x 2.96 x
EV / Revenue 9.79 x 9.13 x 11.5 x 10.2 x 9.4 x 6.92 x
EV / EBITDA - - - - - -
EV / FCF 19.3 x 22.8 x 19.6 x 24.9 x 28.9 x -4.27 x
FCF Yield 5.17% 4.38% 5.1% 4.02% 3.46% -23.4%
Price to Book 0.83 x 0.79 x 0.87 x 0.81 x 0.83 x 0.59 x
Nbr of stocks (in thousands) 784,658 792,014 801,206 805,844 809,492 809,838
Reference price 2 0.7600 0.6900 0.7450 0.7150 0.7700 0.4450
Announcement Date 4/3/18 3/28/19 4/15/20 3/30/21 4/5/22 7/1/23
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 91.37 96.23 99.13 109.7 125.5 121.6
EBITDA - - - - - -
EBIT 1 75.66 80.98 82.86 93.65 105.4 104.9
Operating Margin 82.81% 84.15% 83.59% 85.35% 84.03% 86.28%
Earnings before Tax (EBT) 1 71.38 70.2 98.17 37.63 44.63 32.69
Net income 1 47.62 46.94 65.22 15.42 24.48 10.11
Net margin 52.11% 48.77% 65.79% 14.05% 19.51% 8.32%
EPS 2 0.0610 0.0596 0.0820 0.0192 0.0303 0.0125
Free Cash Flow 1 46.28 38.5 57.96 45.05 40.87 -196.7
FCF margin 50.65% 40.01% 58.47% 41.06% 32.57% -161.81%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) 97.19% 82.03% 88.86% 292.19% 166.93% -
Dividend per Share 2 0.0602 0.0618 0.0605 0.0536 0.0626 0.0476
Announcement Date 4/3/18 3/28/19 4/15/20 3/30/21 4/5/22 7/1/23
1SGD in Million2SGD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 298 332 539 546 557 480
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 46.3 38.5 58 45.1 40.9 -197
ROE (net income / shareholders' equity) 6.6% 6.68% 9.5% 2.2% 3.34% 1.49%
ROA (Net income/ Total Assets) 3.16% 3.34% 3.2% 3.31% 3.55% 3.68%
Assets 1 1,507 1,404 2,040 466.3 689.3 274.7
Book Value Per Share 2 0.9100 0.8700 0.8500 0.8900 0.9300 0.7500
Cash Flow per Share 2 0.1800 0.1800 0.1500 0.1900 0.2100 0.1400
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 4/3/18 3/28/19 4/15/20 3/30/21 4/5/22 7/1/23
1SGD in Million2SGD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

  1. Stock Market
  2. Equities
  3. BWCU Stock
  4. Financials EC World Real Estate Investment Trust