Projected Income Statement: The GPT Group

Forecast Balance Sheet: The GPT Group

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 3,854 3,715 5,078 5,038 4,765 4,806 5,071 5,238
Change - -3.61% 36.69% -0.79% -5.42% 0.86% 5.51% 3.29%
Announcement Date 2/9/20 2/14/21 2/13/22 2/19/23 2/18/24 - - -
1AUD in Million
Estimates

Cash Flow Forecast: The GPT Group

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
CAPEX 1 374.6 329.8 208.1 283.5 180.2 207.8 363.5 274.1
Change - -11.96% -36.9% 36.23% -36.44% 15.34% 74.9% -24.59%
Free Cash Flow (FCF) 1 240 160.4 312.3 318.6 792.1 398.8 417.1 452.1
Change - -33.17% 94.7% 2.02% 148.62% -49.65% 4.57% 8.4%
Announcement Date 2/9/20 2/14/21 2/13/22 2/19/23 2/18/24 - - -
1AUD in Million
Estimates

Forecast Financial Ratios: The GPT Group

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026

Profitability

        
EBITDA Margin (%) 101.7% 102.33% 111.81% 109.06% 109.72% 94.48% 94.05% 93.43%
EBIT Margin (%) 100.75% 101.01% 101.59% 109.06% 109.72% 93.86% 93.97% 94.82%
EBT Margin (%) 85.94% 85.49% 88.15% 89.22% 83.4% 70.83% 68.11% 68.28%
Net margin (%) 84.21% 83.87% 87.53% 88.03% 81.94% 68.52% 66.89% 67.03%
FCF margin (%) 32.93% 24.25% 49.3% 45.19% 108.02% 44.03% 44.16% 46.11%
FCF / Net Income (%) 39.11% 28.92% 56.32% 51.34% 131.82% 64.26% 66.02% 68.79%

Profitability

        
ROA 4.01% 3.6% 3.59% 3.6% 3.58% 4.36% 4.14% 4.17%
ROE 5.73% 5.06% 5.18% 5.36% 5.4% 5.76% 5.69% 5.74%

Financial Health

        
Leverage (Debt/EBITDA) 5.2x 5.49x 7.17x 6.55x 5.92x 5.62x 5.71x 5.72x
Debt / Free cash flow 16.06x 23.16x 16.26x 15.81x 6.02x 12.05x 12.16x 11.59x

Capital Intensity

        
CAPEX / Current Assets (%) 51.4% 49.86% 32.85% 40.21% 24.57% 22.94% 38.48% 27.96%
CAPEX / EBITDA (%) 50.54% 48.73% 29.38% 36.87% 22.4% 24.28% 40.92% 29.92%
CAPEX / FCF (%) 156.08% 205.61% 66.63% 88.98% 22.75% 52.11% 87.15% 60.63%

Items per share

        
Cash flow per share 1 0.3269 0.2517 0.2703 0.2933 0.3057 0.3094 0.3075 0.3215
Change - -23.02% 7.42% 8.49% 4.23% 1.21% -0.61% 4.56%
Dividend per Share 1 0.2648 0.225 0.232 0.25 0.25 0.2405 0.2486 0.2566
Change - -15.03% 3.11% 7.76% 0% -3.81% 3.39% 3.19%
Book Value Per Share 1 5.815 5.59 6.094 5.98 5.61 5.431 5.769 6.031
Change - -3.86% 9.01% -1.87% -6.19% -3.19% 6.23% 4.54%
EPS 1 0.3268 0.2848 0.2882 0.324 0.3137 0.3248 0.3253 0.3435
Change - -12.85% 1.19% 12.42% -3.18% 3.54% 0.15% 5.6%
Nbr of stocks (in thousands) 1,947,929 1,947,929 1,915,577 1,915,577 1,915,577 1,915,577 1,915,577 1,915,577
Announcement Date 2/9/20 2/14/21 2/13/22 2/19/23 2/18/24 - - -
1AUD
Estimates
2024 *2025 *
P/E ratio 14.3x 14.3x
PBR 0.86x 0.81x
EV / Sales 15.1x 14.8x
Yield 5.17% 5.35%
More valuation ratios * Estimated data

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG MSCI
AA
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
4.650AUD
Average target price
5.159AUD
Spread / Average Target
+10.95%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. GPT Stock
  4. Financials The GPT Group