Company Valuation: Vicinity Centres

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,033 8,353 8,399 8,422 11,270 12,250 - -
Change - 18.77% 0.54% 0.27% 33.82% 8.7% - -
Enterprise Value (EV) 1 10,268 12,050 12,280 12,602 15,648 17,118 17,238 17,297
Change - 17.36% 1.9% 2.63% 24.17% 9.4% 0.7% 0.34%
P/E -27.2x 6.89x 33.4x 15.4x 11.2x 12.1x 14.5x 15.9x
PBR 0.71x 0.77x 0.79x 0.79x 1.01x 1.03x 0.98x 0.93x
PEG - -0x -0.4x 0x 0.1x -12.61x -0.9x -1.72x
Capitalization / Revenue 8.91x 9.77x 8.74x 8.88x 11.6x 12.4x 11.6x 10.9x
EV / Revenue 13x 14.1x 12.8x 13.3x 16.2x 17.4x 16.3x 15.4x
EV / EBITDA 14.6x 15.7x 14.2x 14.1x 17.7x 19.1x 18.1x 17.3x
EV / EBIT 14.6x 15.8x 14.2x 14.1x 17.7x 19x 18x 17.1x
EV / FCF 21.2x 36x 33.4x 35.7x 72.5x 29.8x 29.1x 26.5x
FCF Yield 4.73% 2.78% 2.99% 2.8% 1.38% 3.36% 3.43% 3.77%
Dividend per Share 2 0.1 0.104 0.12 0.1175 0.12 0.1234 0.1312 0.1383
Rate of return 6.47% 5.67% 6.5% 6.35% 4.86% 4.68% 4.97% 5.24%
EPS 2 -0.0567 0.2664 0.0553 0.1199 0.2199 0.2178 0.1827 0.1658
Distribution rate -176% 39% 217% 98% 54.6% 56.7% 71.8% 83.4%
Net sales 1 789.1 855.3 960.7 948.1 967.7 985.1 1,056 1,123
EBITDA 1 702.7 766.1 864 895.6 885.8 895.9 950.3 1,002
EBIT 1 702.7 760.6 864 895.6 881.6 899 957.4 1,010
Net income 1 -258 1,215 252.3 547.1 1,005 982.4 813.2 818.9
Net Debt 1 3,235 3,697 3,881 4,181 4,377 4,867 4,987 5,046
Reference price 2 1.545 1.835 1.845 1.850 2.470 2.640 2.640 2.640
Nbr of stocks (in thousands) 45,52,275 45,52,275 45,52,275 45,52,275 45,62,878 46,40,336 - -
Announcement Date 17/08/21 16/08/22 15/08/23 19/08/24 19/08/25 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
12.12x17.38x19.11x4.68% 852.09Cr
34.26x15.02x19.41x4.12% 7.09TCr
30.1x11.37x15.86x4.22% 1.68TCr
32.29x11.84x17.82x3.82% 1.45TCr
14.99x10.92x15.86x6.68% 1.24TCr
26.39x10.27x15.08x4% 952.11Cr
40.4x15.86x19.05x4.09% 934.75Cr
22.83x14.23x15.65x5.19% 889.79Cr
-172.06x12.32x18.57x2.79% 734.67Cr
11.36x7.9x10.48x8.55% 659.28Cr
Average 5.27x 12.71x 16.69x 4.81% 1.65TCr
Weighted average by Cap. 20.24x 13.51x 17.76x 4.49%

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

  1. Stock Market
  2. Stocks
  3. VCX Stock
  4. Valuation Vicinity Centres