Company Valuation: Vicinity Centres

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 7,033 8,353 8,399 8,422 11,270 11,499 - -
Change - 18.77% 0.54% 0.27% 33.82% 2.03% - -
Enterprise Value (EV) 1 10,268 12,050 12,280 12,602 15,648 16,280 16,386 16,444
Change - 17.36% 1.9% 2.63% 24.17% 4.04% 0.65% 0.35%
P/E ratio -27.2x 6.89x 33.4x 15.4x 11.2x 16.8x 15x 14.7x
PBR 0.71x 0.77x 0.79x 0.79x 1.01x 0.98x 0.94x 0.89x
PEG - -0x -0.4x 0x 0.1x -0.5x 1.3x 6.59x
Capitalization / Revenue 8.91x 9.77x 8.74x 8.88x 11.6x 11.7x 11x 10.3x
EV / Revenue 13x 14.1x 12.8x 13.3x 16.2x 16.5x 15.6x 14.8x
EV / EBITDA 14.6x 15.7x 14.2x 14.1x 17.7x 17.8x 16.9x 16.1x
EV / EBIT 14.6x 15.8x 14.2x 14.1x 17.7x 17.9x 16.9x 16.2x
EV / FCF 21.2x 36x 33.4x 35.7x 72.5x 32.3x 26.8x 24.5x
FCF Yield 4.73% 2.78% 2.99% 2.8% 1.38% 3.1% 3.74% 4.08%
Dividend per Share 2 0.1 0.104 0.12 0.1175 0.12 0.1239 0.1326 0.1402
Rate of return 6.47% 5.67% 6.5% 6.35% 4.86% 4.96% 5.3% 5.61%
EPS 2 -0.0567 0.2664 0.0553 0.1199 0.2199 0.1489 0.1662 0.17
Distribution rate -176% 39% 217% 98% 54.6% 83.2% 79.7% 82.5%
Net sales 1 789.1 855.3 960.7 948.1 967.7 984.8 1,049 1,114
EBITDA 1 702.7 766.1 864 895.6 885.8 913.1 971.4 1,020
EBIT 1 702.7 760.6 864 895.6 881.6 908.6 968.5 1,017
Net income 1 -258 1,215 252.3 547.1 1,005 693.1 772.6 782.4
Net Debt 1 3,235 3,697 3,881 4,181 4,377 4,781 4,887 4,945
Reference price 2 1.545 1.835 1.845 1.850 2.470 2.500 2.500 2.500
Nbr of stocks (in thousands) 4,552,275 4,552,275 4,552,275 4,552,275 4,562,878 4,599,701 - -
Announcement Date 8/17/21 8/16/22 8/15/23 8/19/24 8/19/25 - - -
1AUD in Million2AUD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.79x16.53x17.83x4.96% 7.72B
28.13x14.89x19.04x4.68% 59.29B
27.35x10.3x14.75x4.85% 14.07B
30.39x11.64x17.25x4.09% 12.74B
13.43x10.09x15.01x7.31% 11.66B
40.44x16.32x19.91x4.28% 8.26B
20.36x13.92x15.16x5.6% 8.02B
24.62x9.64x14.33x4.49% 7.98B
38.15x9.3x13.63x4.9% 5.05B
Average 26.63x 12.52x 16.32x 5.02% 14.98B
Weighted average by Cap. 26.80x 13.29x 17.35x 4.91%
See all sector valuations

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

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