Company Valuation: Vicinity Centres

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 8,353 8,399 8,422 11,270 11,972 10,905 - -
Change - 0.54% 0.27% 33.82% 6.23% -8.91% - -
Enterprise Value (EV) 1 12,050 12,280 12,602 15,648 16,397 15,588 15,719 15,829
Change - 1.9% 2.63% 24.17% 4.79% -4.93% 0.84% 0.7%
P/E 6.89x 33.4x 15.4x 11.2x 8.56x 14.8x 13x 13.5x
PBR 0.77x 0.79x 0.79x 1.01x 0.98x 0.87x 0.84x 0.8x
PEG - -0.4x 0x 0.1x 0.2x -0.3x 1x -3.73x
Capitalization / Revenue 9.77x 8.74x 8.88x 11.6x 12.1x 10.3x 9.83x 9.26x
EV / Revenue 14.1x 12.8x 13.3x 16.2x 16.6x 14.8x 14.2x 13.4x
EV / EBITDA 15.7x 14.2x 14.1x 17.7x 18.1x 16x 15.3x 14.7x
EV / EBIT 15.8x 14.2x 14.1x 17.7x 18.2x 16x 15.6x 14.7x
EV / FCF 36x 33.4x 35.7x 72.5x 67.7x 38.3x 28x 25.1x
FCF Yield 2.78% 2.99% 2.8% 1.38% 1.48% 2.61% 3.57% 3.99%
Dividend per Share 2 0.104 0.12 0.1175 0.12 0.124 0.135 0.1401 0.1466
Rate of return 5.67% 6.5% 6.35% 4.86% 4.81% 5.75% 5.96% 6.24%
EPS 2 0.2664 0.0553 0.1199 0.2199 0.3014 0.1592 0.1803 0.1738
Distribution rate 39% 217% 98% 54.6% 41.1% 84.8% 77.7% 84.4%
Net sales 1 855.3 960.7 948.1 967.7 987.6 1,056 1,109 1,178
EBITDA 1 766.1 864 895.6 885.8 904.2 972.6 1,025 1,078
EBIT 1 760.6 864 895.6 881.6 900.1 972.8 1,009 1,077
Net income 1 1,215 252.3 547.1 1,005 1,391 744.4 854.7 859.3
Net Debt 1 3,697 3,881 4,181 4,377 4,425 4,683 4,814 4,924
Reference price 2 1.835 1.845 1.850 2.470 2.580 2.350 2.350 2.350
Nbr of stocks (in thousands) 45,52,275 45,52,275 45,52,275 45,62,878 46,40,336 46,40,336 - -
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.($)
14.76x14.76x16.03x5.75% 777.69Cr
33.29x14.03x17.85x4.41% 6.6TCr
27.37x10.77x14.6x4.68% 1.54TCr
29.83x11.29x16.41x4.1% 1.35TCr
14.74x10.8x15.69x6.81% 1.22TCr
37.21x15.05x18.18x4.56% 870.22Cr
24.39x9.71x14.44x4.38% 870.29Cr
20.88x13.65x14.98x5.65% 829.14Cr
10.3x7.89x10.6x8.78% 663.4Cr
-123.83x11.19x15.92x3.06% 635.76Cr
Average 8.89x 11.92x 15.47x 5.22% 1.54TCr
Weighted average by Cap. 21.54x 12.65x 16.41x 4.88%

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
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