Company Valuation: Stockland

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 8,605 9,603 9,933 12,835 9,898 10,448 - -
Change - 11.6% 3.43% 29.22% -22.88% 5.56% - -
Enterprise Value (EV) 1 12,699 13,239 13,944 17,367 9,898 14,775 14,852 14,924
Change - 4.26% 5.32% 24.55% -43.01% 49.28% 0.53% 0.48%
P/E 6.26x 22x 32.8x 15.6x 9.95x 11.1x 10.6x 9.43x
PBR 0.83x 0.94x 1x 1.26x - 0.95x 0.91x 0.87x
PEG - -0.3x -1.1x 0x 0.5x -1.98x 1.93x 0.8x
Capitalization / Revenue 3.02x 3.42x 3.32x 4.1x 2.76x 2.78x 2.7x 3.06x
EV / Revenue 4.46x 4.71x 4.66x 5.55x 2.76x 3.94x 3.84x 4.37x
EV / EBITDA 16.2x 15.1x 16.6x 19.7x 8.15x 13.8x 13x 12.1x
EV / EBIT 16.6x 15.4x 17x 20.1x 8.74x 14.3x 13.5x 12.6x
EV / FCF 14.2x 42.8x 423x 53.4x - 19.9x 19.4x 16.6x
FCF Yield 7.06% 2.33% 0.24% 1.87% - 5.02% 5.16% 6.03%
Dividend per Share 2 0.266 0.262 0.246 0.252 - 0.2526 0.2603 0.2702
Rate of return 7.37% 6.5% 5.9% 4.7% - 5.86% 6.04% 6.27%
EPS 2 0.577 0.183 0.127 0.343 0.41 0.387 0.4083 0.457
Distribution rate 46.1% 143% 194% 73.5% - 65.3% 63.7% 59.1%
Net sales 1 2,847 2,808 2,989 3,131 3,589 3,752 3,869 3,413
EBITDA 1 784 878 838 882 1,214 1,070 1,141 1,237
EBIT 1 767 861 822 864 1,133 1,036 1,103 1,187
Net income 1 1,381 438 305 826 994 942.7 995.7 1,112
Net Debt 1 4,094 3,636 4,011 4,532 - 4,327 4,404 4,476
Reference price 2 3.610 4.030 4.170 5.360 4.080 4.310 4.310 4.310
Nbr of stocks (in thousands) 23,83,654 23,82,994 23,81,896 23,94,542 24,25,901 24,24,131 - -
Announcement Date 18/08/22 23/08/23 21/08/24 19/08/25 18/08/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.42x4.01x14.06x5.71% 770.73Cr
16.03x5.06x13.6x3.16% 4.57TCr
8.9x1.52x7.95x3.99% 3.08TCr
18.45x4.05x16.4x1.32% 2.84TCr
5.5x0.66x1.4x9.09% 2.65TCr
14.05x3.11x14.87x2.5% 2.57TCr
8.16x0.9x3.29x2.74% 2.09TCr
10.87x2.06x9.65x4.09% 2.06TCr
10.49x1.55x12.86x3.56% 1.98TCr
13.56x6.56x17.47x1.58% 1.96TCr
Average 11.74x 2.95x 11.15x 3.77% 2.46TCr
Weighted average by Cap. 12.18x 3.02x 11.09x 3.65%

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