Financials Charter Hall Social Infrastructure REIT Börse Stuttgart

Equities

AU0000030645

Specialized REITs

End-of-day quote Börse Stuttgart Other stock markets			5-day change	1st Jan Change
- ^AUD	-.--%		-.--%	-.--%

04-17	Charter Hall Social Infrastructure REIT Announces Dividend for the Quarter Ended 31 March 2024, Payable on 19 April 2024	CI
03-22	Charter Hall Social Infrastructure REIT to Pay March Quarter Dividend on April 19	MT

Valuation

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	1,094	844.5	1,262	1,235	1,083	897.7	-	-
Enterprise Value (EV) ¹	1,356	1,059	1,554	1,773	1,803	1,635	1,653	1,687
P/E ratio	14.2 x	8.48 x	7.22 x	3.43 x	18.4 x	19.6 x	12.7 x	11.8 x
Yield	4.4%	6.81%	4.51%	5.09%	5.85%	6.64%	6.79%	6.83%
Capitalization / Revenue	13.9 x	9.8 x	13.9 x	11.9 x	9.23 x	7.5 x	7.1 x	6.8 x
EV / Revenue	17.2 x	12.3 x	17.1 x	17 x	15.4 x	13.7 x	13.1 x	12.8 x
EV / EBITDA	24.9 x	17.5 x	24 x	23.6 x	22 x	17.7 x	17 x	16.5 x
EV / FCF	-26.6 x	-17 x	-11 x	-9.37 x	-41.6 x	82.6 x	-3,307 x	118 x
FCF Yield	-3.76%	-5.88%	-9.11%	-10.7%	-2.41%	1.21%	-0.03%	0.85%
Price to Book	-	0.8 x	1.07 x	0.83 x	0.73 x	0.64 x	0.64 x	0.64 x
Nbr of stocks (in thousands)	300,627	359,351	362,627	365,476	368,388	372,482	-	-
Reference price ²	3.640	2.350	3.480	3.380	2.940	2.410	2.410	2.410
Announcement Date	06/08/19	10/08/20	11/08/21	14/08/22	10/08/23	-	-	-

¹AUD in Million²AUD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	78.7	86.2	90.6	104	117.3	119.7	126.4	132.1
EBITDA ¹	54.4	60.6	64.7	75	81.8	92.34	97.42	102.1
EBIT ¹	54.4	59.4	63.5	75	81.8	92.06	97.32	102.2
Operating Margin	69.12%	68.91%	70.09%	72.12%	69.74%	76.92%	76.99%	77.39%
Earnings before Tax (EBT) ¹	68.75	85.9	174.1	358.5	58.7	58.46	62.94	59.29
Net income ¹	68.75	85.9	174.1	358.5	58.7	45.72	71.09	75.67
Net margin	87.35%	99.65%	192.16%	344.71%	50.04%	38.2%	56.24%	57.29%
EPS ²	0.2570	0.2770	0.4820	0.9840	0.1600	0.1230	0.1900	0.2036
Free Cash Flow ¹	-51	-62.2	-141.5	-189.3	-43.4	19.8	-0.5	14.3
FCF margin	-64.8%	-72.16%	-156.18%	-182.02%	-37%	16.54%	-0.4%	10.83%
FCF Conversion (EBITDA)	-	-	-	-	-	21.44%	-	14.01%
FCF Conversion (Net income)	-	-	-	-	-	43.31%	-	18.9%
Dividend per Share ²	0.1600	0.1600	0.1570	0.1720	0.1720	0.1600	0.1636	0.1646
Announcement Date	06/08/19	10/08/20	11/08/21	14/08/22	10/08/23	-	-	-

¹AUD in Million²AUD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June	2020 S1	2020 S2	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1
Net sales	34.3	51.9	45.1	45.5	48.7	55.3	-	-	-	-	-
EBITDA	-	30.3	-	-	-	38.9	-	-	-	-	-
EBIT	-	-	-	31.7	36.1	38.9	-	-	-	-	-
Operating Margin	-	-	-	69.67%	74.13%	70.34%	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	150.8	-	-	-	-	-
Net income	-	-	57.8	116.3	207.7	150.8	-	-	-	-	-
Net margin	-	-	128.16%	255.6%	426.49%	272.69%	-	-	-	-	-
EPS	-	-	0.1600	0.3220	0.5710	0.4130	-	-	-	-	-
Dividend per Share ¹	0.0835	0.0765	0.0750	0.0820	0.0840	0.0880	0.0860	0.0860	0.0800	0.0800	0.0800
Announcement Date	11/02/20	10/08/20	10/02/21	11/08/21	16/02/22	14/08/22	14/02/23	10/08/23	12/02/24	-	-

¹AUD

Estimates

Balance Sheet Analysis

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	261	214	292	538	720	738	756	789
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	4.805 x	3.533 x	4.51 x	7.168 x	8.807 x	7.988 x	7.758 x	7.726 x
Free Cash Flow ¹	-51	-62.2	-142	-189	-43.4	19.8	-0.5	14.3
ROE (net income / shareholders' equity)	8.59%	5.27%	5.21%	4.71%	3.97%	3.77%	4.34%	4.9%
ROA (Net income/ Total Assets)	6.21%	4.02%	4%	3.47%	2.72%	3.4%	4.28%	4.31%
Assets ¹	1,108	2,138	4,352	10,325	2,155	1,345	1,660	1,755
Book Value Per Share ²	-	2.920	3.250	4.080	4.040	3.740	3.760	3.770
Cash Flow per Share ²	0.1200	0.1500	0.1600	0.1800	0.1600	0.1500	0.1700	0.1800
Capex ¹	84.3	110	198	254	102	79	94.9	65.4
Capex / Sales	107.12%	127.38%	218.1%	244.33%	87.13%	66.01%	75.07%	49.51%
Announcement Date	06/08/19	10/08/20	11/08/21	14/08/22	10/08/23	-	-	-

¹AUD in Million²AUD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Charter Hall Social Infrastructure REIT

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

2.41 AUD

Average target price

3.134 AUD

Spread / Average Target

+30.05%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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