Company Valuation: DEXUS

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 11,476 9,551 8,389 6,953 7,133 6,032 - -
Change - -16.78% -12.16% -17.12% 2.59% -15.44% - -
Enterprise Value (EV) 1 16,381 14,418 13,611 11,809 11,790 10,751 10,935 10,996
Change - -11.99% -5.6% -13.24% -0.16% -8.81% 1.7% 0.56%
P/E 10.2x 5.99x -11.1x -4.4x 52.4x 8.26x 7.88x 7.66x
PBR 0.92x 0.7x 0.68x 0.68x 0.72x 0.61x 0.59x 0.57x
PEG - 0.1x 0x -0x -0x 0x 1.61x 2.78x
Capitalization / Revenue 11.3x 10.9x 9.89x 7.71x 7.5x 6.15x 6.3x 5.88x
EV / Revenue 16.1x 16.5x 16x 13.1x 12.4x 11x 11.4x 10.7x
EV / EBITDA 19x 15.5x 15.1x 13.5x 13x 13.8x 14.4x 13.4x
EV / EBIT 19.2x 15.8x 15.3x 13.7x 13.3x 13.3x 14.2x 13.4x
EV / FCF 23.7x 26x 24.8x 25.3x 16x 24.4x -148x 66.4x
FCF Yield 4.21% 3.85% 4.02% 3.95% 6.26% 4.11% -0.68% 1.51%
Dividend per Share 2 0.518 0.532 0.516 0.48 0.37 0.369 0.3555 0.3702
Rate of return 4.85% 5.99% 6.62% 7.41% 5.56% 6.45% 6.22% 6.47%
EPS 2 1.047 1.484 -0.7 -1.473 0.1268 0.6924 0.7263 0.7463
Distribution rate 49.5% 35.9% -73.7% -32.6% 292% 53.3% 49% 49.6%
Net sales 1 1,016 874.3 848.4 902.2 951.2 980.5 957.2 1,026
EBITDA 1 862.3 928.4 899.9 876.9 903.6 777.8 761.7 817.9
EBIT 1 853.2 914.6 891.5 863 885.5 808.2 768.3 823.4
Net income 1 525 1,583 -752.7 -1,584 136.1 692.1 598.3 705.5
Net Debt 1 4,905 4,867 5,222 4,856 4,657 4,720 4,903 4,964
Reference price 2 10.670 8.880 7.800 6.480 6.650 5.720 5.720 5.720
Nbr of stocks (in thousands) 10,75,565 10,75,565 10,75,565 10,73,020 10,72,665 10,69,489 - -
Announcement Date 16/08/21 16/08/22 15/08/23 19/08/24 19/08/25 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.26x11.05x13.93x6.45% 423.74Cr
32.26x7.32x12.84x4.36% 1.03TCr
24.08x16.01x25.65x4.1% 664.09Cr
22.66x15.69x26.25x4.5% 514Cr
289.82x7.85x12.27x4.44% 474.86Cr
165.67x7.95x13.73x5.85% 432.56Cr
40.92x13.1x17.07x5.98% 429.26Cr
9.75x19.71x23.61x5.64% 394.95Cr
25.85x8.32x15.7x3.7% 389.38Cr
Average 68.81x 11.89x 17.90x 5% 527.66Cr
Weighted average by Cap. 64.23x 11.52x 17.72x 4.87%

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

-40%: Exceptional extension
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