WAYPOINT REIT |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.36 AUD | +2.16% |
|
+2.61% | -3.28% |
| Mar. 19 | Waypoint REIT Declares Distribution | MT |
| Feb. 26 | Waypoint REIT Slips 3%; Reports 3% Decline in 2023 Revenue, Swings to Net Loss | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,071 | 2,132 | 2,023 | 1,847 | 1,639 | 1,585 | - | - |
| Enterprise Value (EV) 1 | 2,887 | 2,962 | 2,934 | 2,718 | 1,639 | 2,447 | 2,456 | 2,470 |
| P/E ratio | 11.4 x | 7.63 x | 4.95 x | 14.6 x | -20.7 x | 14.8 x | 12.5 x | 12.1 x |
| Yield | 5.4% | 5.55% | 5.64% | 6.04% | - | 6.93% | 7.01% | 7.28% |
| Capitalization / Revenue | 13.9 x | 13.3 x | 11.3 x | 11.7 x | 10.4 x | 9.83 x | 9.59 x | 9.3 x |
| EV / Revenue | 19.4 x | 18.5 x | 16.4 x | 17.2 x | 10.4 x | 15.2 x | 14.9 x | 14.5 x |
| EV / EBITDA | 20.6 x | 19.6 x | 19.1 x | 18.4 x | 11.1 x | 16.2 x | 15.8 x | 15.5 x |
| EV / FCF | 24.7 x | 25.4 x | 24.2 x | 23.4 x | - | 21.8 x | 24.7 x | 22.2 x |
| FCF Yield | 4.04% | 3.94% | 4.13% | 4.28% | - | 4.59% | 4.04% | 4.51% |
| Price to Book | 1.16 x | 1.1 x | 0.96 x | 0.91 x | - | 0.86 x | 0.84 x | 0.82 x |
| Nbr of stocks (in thousands) | 730,567 | 732,602 | 714,944 | 671,817 | 671,817 | 671,647 | - | - |
| Reference price 2 | 2.835 | 2.910 | 2.830 | 2.750 | 2.440 | 2.360 | 2.360 | 2.360 |
| Announcement Date | 2/19/20 | 2/25/21 | 2/27/22 | 2/26/23 | 2/25/24 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 148.5 | 160.2 | 178.4 | 157.6 | 157.5 | 161.2 | 165.3 | 170.5 |
| EBITDA 1 | 140.3 | 150.9 | 153.3 | 147.4 | 147.6 | 151.4 | 155.7 | 159.8 |
| EBIT 1 | 140.3 | 150.9 | 153.3 | 147.4 | 147.6 | 151.4 | 155.5 | 159.8 |
| Operating Margin | 94.42% | 94.19% | 85.93% | 93.53% | 93.71% | 93.9% | 94.09% | 93.7% |
| Earnings before Tax (EBT) 1 | 197.6 | 279.9 | 443.6 | 133.8 | -79.1 | 112.1 | 113.2 | 114.8 |
| Net income 1 | 197.6 | 279.9 | 443.6 | 133.8 | -79.1 | 114.9 | 132.3 | 130.9 |
| Net margin | 133.02% | 174.72% | 248.65% | 84.9% | -50.22% | 71.24% | 80.04% | 76.78% |
| EPS 2 | 0.2477 | 0.3815 | 0.5716 | 0.1887 | -0.1177 | 0.1592 | 0.1890 | 0.1957 |
| Free Cash Flow 1 | 116.7 | 116.8 | 121.2 | 116.2 | - | 112.3 | 99.29 | 111.4 |
| FCF margin | 78.59% | 72.91% | 67.94% | 73.73% | - | 69.65% | 60.07% | 65.36% |
| FCF Conversion (EBITDA) | 83.23% | 77.4% | 79.06% | 78.83% | - | 74.16% | 63.78% | 69.76% |
| FCF Conversion (Net income) | 59.08% | 41.73% | 27.32% | 86.85% | - | 97.76% | 75.05% | 85.12% |
| Dividend per Share 2 | 0.1532 | 0.1614 | 0.1597 | 0.1660 | - | 0.1635 | 0.1654 | 0.1719 |
| Announcement Date | 2/19/20 | 2/25/21 | 2/27/22 | 2/26/23 | 2/25/24 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 74.23 | 79.14 | 81.06 | 90.6 | 87.7 | 86.5 | 71.1 | 82.1 | 75.4 | 80 | - | - |
| EBITDA | 69.18 | - | - | 77.3 | - | - | - | 72.9 | 74.7 | - | - | - |
| EBIT | 69.18 | - | - | 77.3 | 76 | 75.5 | - | 72.9 | 74.7 | - | - | - |
| Operating Margin | 93.2% | - | - | 85.32% | 86.66% | 87.28% | - | 88.79% | 99.07% | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | - | - | - | - | 191.7 | 61.4 | -79.2 | 55.6 | -108.2 | 55 | 57 | 55 |
| Net margin | - | - | - | - | 218.59% | 70.98% | -111.39% | 67.72% | -143.5% | 68.75% | - | - |
| EPS 2 | - | - | - | 0.3420 | 0.2296 | 0.0859 | -0.1096 | 0.0828 | -0.1610 | 0.0800 | 0.0800 | 0.0800 |
| Dividend per Share 2 | 0.0766 | 0.0790 | 0.0824 | 0.0832 | 0.0421 | 0.0862 | 0.0798 | 0.0828 | - | 0.0800 | 0.0800 | 0.0800 |
| Announcement Date | 2/19/20 | 8/19/20 | 2/25/21 | 8/26/21 | 2/27/22 | 8/28/22 | 2/26/23 | 8/27/23 | 2/25/24 | - | - | - |
1AUD in Million2AUD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 816 | 830 | 911 | 871 | - | 862 | 871 | 885 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.815 x | 5.502 x | 5.939 x | 5.906 x | - | 5.695 x | 5.593 x | 5.541 x |
| Free Cash Flow 1 | 117 | 117 | 121 | 116 | - | 112 | 99.3 | 111 |
| ROE (net income / shareholders' equity) | 6.62% | 6.34% | 6.01% | 5.59% | - | 6.05% | 5.98% | 5.94% |
| ROA (Net income/ Total Assets) | 4.27% | 4.2% | 4.05% | 3.8% | - | 4.74% | 4.77% | 4.65% |
| Assets 1 | 4,624 | 6,671 | 10,961 | 3,524 | - | 2,425 | 2,775 | 2,813 |
| Book Value Per Share 2 | 2.440 | 2.650 | 2.950 | 3.020 | - | 2.740 | 2.810 | 2.880 |
| Cash Flow per Share 2 | 0.1600 | 0.1600 | 0.1600 | 0.1600 | - | 0.1700 | 0.1600 | 0.1700 |
| Capex 1 | 100 | - | - | - | - | 1.15 | 1.77 | 1.8 |
| Capex / Sales | 67.61% | - | - | - | - | 0.71% | 1.07% | 1.06% |
| Announcement Date | 2/19/20 | 2/25/21 | 2/27/22 | 2/26/23 | 2/25/24 | - | - | - |
1AUD in Million2AUD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
2.36
AUD
Average target price
2.597
AUD
Spread / Average Target
+10.04%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -3.28% | 1.01B | |
| +1.54% | 46.38B | |
| -11.73% | 12.39B | |
| -22.92% | 11.06B | |
| -11.93% | 10.74B | |
| -5.71% | 7.45B | |
| -4.81% | 6.54B | |
| -8.23% | 5.8B | |
| -6.86% | 5.6B | |
| -5.07% | 4.67B |
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- Financials Waypoint REIT
