Company Valuation: DEXUS

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 9,551 8,389 6,953 7,133 5,775 5,803 - -
Change - -12.16% -17.12% 2.59% -19.04% 0.48% - -
Enterprise Value (EV) 1 14,418 13,611 11,809 11,790 10,291 10,326 10,420 10,557
Change - -5.6% -13.24% -0.16% -12.71% 0.34% 0.91% 1.31%
P/E 5.99x -11.1x -4.4x 52.4x 12.5x 9.09x 8.83x 8.37x
PBR 0.7x 0.68x 0.68x 0.72x 0.58x 0.6x 0.59x 0.56x
PEG - 0x -0x -0x 0x 0.2x 3.09x 1.5x
Capitalization / Revenue 10.9x 9.89x 7.71x 7.5x 8.13x 7.27x 6.88x 6.47x
EV / Revenue 16.5x 16x 13.1x 12.4x 14.5x 12.9x 12.4x 11.8x
EV / EBITDA 15.5x 15.1x 13.5x 13x 11.1x 13.9x 13.4x 12.9x
EV / EBIT 15.8x 15.3x 13.7x 13.3x 11.4x 13.8x 13.2x 12.8x
EV / FCF 26x 24.8x 25.3x 16x 21.8x 24.5x 35.8x 27x
FCF Yield 3.85% 4.02% 3.95% 6.26% 4.59% 4.08% 2.79% 3.71%
Dividend per Share 2 0.532 0.516 0.48 0.37 0.37 0.3692 0.3748 0.3941
Rate of return 5.99% 6.62% 7.41% 5.56% 6.85% 6.8% 6.9% 7.26%
EPS 2 1.484 -0.7 -1.473 0.1268 0.4334 0.5977 0.6148 0.6491
Distribution rate 35.9% -73.7% -32.6% 292% 85.4% 61.8% 61% 60.7%
Net sales 1 874.3 848.4 902.2 951.2 710 798.7 843.1 896.3
EBITDA 1 928.4 899.9 876.9 903.6 923.6 741.2 775.2 816
EBIT 1 914.6 891.5 863 885.5 901.4 750.3 787.2 823.2
Net income 1 1,583 -752.7 -1,584 136.1 482.2 602.7 614.9 634.6
Net Debt 1 4,867 5,222 4,856 4,657 4,516 4,523 4,617 4,754
Reference price 2 8.880 7.800 6.480 6.650 5.400 5.430 5.430 5.430
Nbr of stocks (in thousands) 1,075,565 1,075,565 1,073,020 1,072,665 1,069,489 1,068,719 - -
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.($)
9.09x12.93x13.93x6.8% 4.08B
29.95x7.14x12.6x4.42% 10.12B
23.51x15.85x25.69x4.19% 6.68B
22.44x15.6x26.09x4.54% 5.23B
160.21x7.8x12.2x4.5% 4.72B
37.87x12.19x15.91x6.36% 4.33B
140.37x7.58x13.16x6.41% 3.98B
23.44x8.22x15.06x3.77% 3.82B
-25.47x9.72x22.01x4.82% 3.61B
Average 46.82x 10.78x 17.40x 5.09% 5.17B
Weighted average by Cap. 44.89x 10.71x 17.35x 4.94%

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