Financials First Real Estate Investment Trust

Equities

AW9U

SG1U27933225

Specialized REITs

Market Closed - Singapore S.E. 05:15:13 2024-04-26 am EDT 5-day change 1st Jan Change
0.255 SGD 0.00% Intraday chart for First Real Estate Investment Trust +2.00% -3.77%

Valuation

Fiscal Period: December 2019 2020 2022 2024 2025 2026
Capitalization 1 793.7 189.7 535.2 530.8 - -
Enterprise Value (EV) 1 793.7 189.7 535.2 923.8 921.8 919.8
P/E ratio 17.3 x -0.53 x 16.7 x - - -
Yield 8.64% 17.7% - 9.41% 10% 10.7%
Capitalization / Revenue 6.88 x 2.38 x - 5.1 x 4.87 x 4.7 x
EV / Revenue 6.88 x 2.38 x - 8.88 x 8.46 x 8.14 x
EV / EBITDA 7,932,023 x 3,062,734 x - - - -
EV / FCF 8,027,248 x 3,795,768 x - - - -
FCF Yield 0% 0% - - - -
Price to Book 0.93 x 0.41 x - - - -
Nbr of stocks (in thousands) 797,675 807,206 2,058,581 2,081,504 - -
Reference price 2 0.9950 0.2350 0.2600 0.2550 0.2550 0.2550
Announcement Date 1/29/20 1/14/21 3/28/23 - - -
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2022 2024 2025 2026
Net sales 1 115.3 79.62 - 104 109 113
EBITDA 100.1 61.94 - - - -
EBIT 100.1 61.94 - - - -
Operating Margin 86.79% 77.79% - - - -
Earnings before Tax (EBT) 75.39 -358.2 - - - -
Net income 48.92 -352.4 33.58 - - -
Net margin 42.43% -442.62% - - - -
EPS 0.0574 -0.4433 0.0156 - - -
Free Cash Flow 98.87 49.98 - - - -
FCF margin 85.76% 62.77% - - - -
FCF Conversion (EBITDA) 98.81% 80.69% - - - -
FCF Conversion (Net income) 202.13% - - - - -
Dividend per Share 2 0.0860 0.0415 - 0.0240 0.0256 0.0272
Announcement Date 1/29/20 1/14/21 3/28/23 - - -
1SGD in Million2SGD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2022 2024 2025 2026
Net Debt 1 - - - 393 391 389
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 98.9 50 - - - -
ROE (net income / shareholders' equity) 6.17% 6.79% - 15.5% 16.7% 17.9%
ROA (Net income/ Total Assets) 3.41% 3.68% - 8% 8.7% 9.3%
Assets 1,433 -9,564 - - - -
Book Value Per Share 1.070 0.5700 - - - -
Cash Flow per Share 2 - - - 0.0300 0.0300 0.0300
Capex 1 - - - 2.1 2.2 2.3
Capex / Sales - - - 2.02% 2.02% 2.04%
Announcement Date 1/29/20 1/14/21 3/28/23 - - -
1SGD in Million2SGD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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