Company Valuation: DEXUS

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 9,551 8,389 6,953 7,133 5,775 5,996 - -
Change - -12.16% -17.12% 2.59% -19.04% 3.81% - -
Enterprise Value (EV) 1 14,418 13,611 11,809 11,790 10,291 10,518 10,611 10,746
Change - -5.6% -13.24% -0.16% -12.71% 2.2% 0.88% 1.28%
P/E 5.99x -11.1x -4.4x 52.4x 12.5x 9.42x 9.16x 8.68x
PBR 0.7x 0.68x 0.68x 0.72x 0.58x 0.62x 0.61x 0.58x
PEG - 0x -0x -0x 0x 0.3x 3.25x 1.57x
Capitalization / Revenue 10.9x 9.89x 7.71x 7.5x 8.13x 7.51x 7.11x 6.69x
EV / Revenue 16.5x 16x 13.1x 12.4x 14.5x 13.2x 12.6x 12x
EV / EBITDA 15.5x 15.1x 13.5x 13x 11.1x 14.2x 13.7x 13.2x
EV / EBIT 15.8x 15.3x 13.7x 13.3x 11.4x 14x 13.5x 13.1x
EV / FCF 26x 24.8x 25.3x 16x 21.8x 24.9x 36.5x 27.5x
FCF Yield 3.85% 4.02% 3.95% 6.26% 4.59% 4.01% 2.74% 3.64%
Dividend per Share 2 0.532 0.516 0.48 0.37 0.37 0.3684 0.3734 0.3933
Rate of return 5.99% 6.62% 7.41% 5.56% 6.85% 6.57% 6.66% 7.01%
EPS 2 1.484 -0.7 -1.473 0.1268 0.4334 0.5956 0.6124 0.6464
Distribution rate 35.9% -73.7% -32.6% 292% 85.4% 61.8% 61% 60.8%
Net sales 1 874.3 848.4 902.2 951.2 710 798.7 843.1 896.3
EBITDA 1 928.4 899.9 876.9 903.6 923.6 741.2 775.2 816
EBIT 1 914.6 891.5 863 885.5 901.4 750.3 787.4 823.3
Net income 1 1,583 -752.7 -1,584 136.1 482.2 603.1 615 634.8
Net Debt 1 4,867 5,222 4,856 4,657 4,516 4,522 4,615 4,751
Reference price 2 8.880 7.800 6.480 6.650 5.400 5.610 5.610 5.610
Nbr of stocks (in thousands) 10,75,565 10,75,565 10,73,020 10,72,665 10,69,489 10,68,719 - -
Announcement Date 16/08/22 15/08/23 19/08/24 19/08/25 19/08/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.55x13.28x14.3x6.47% 423.11Cr
40.89x18.13x23.9x3.4% 12TCr
31.28x14.08x17.81x4.38% 6.65TCr
37.11x14.77x15.27x5.8% 5.29TCr
18.08x15.31x17.42x1.14% 3.75TCr
16.04x24.97x27.34x3.58% 1.65TCr
26.77x10.69x14.72x4.69% 1.54TCr
8.13x11.76x14.41x6.14% 1.46TCr
17.81x16x23.26x5.4% 1.39TCr
29.43x11.24x16.41x4.15% 1.34TCr
Average 23.51x 15.02x 18.48x 4.52% 3.54TCr
Weighted average by Cap. 31.28x 15.90x 19.73x 4.02%

Y-o-Y evolution of P/E

Valuation ratios - P/E - DEXUS

Historical PBR trend

Valuation ratios - PBR - DEXUS

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - DEXUS

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - DEXUS


Year-on-year evolution of the Yield

Valuation ratios - Yield - DEXUS