Company Valuation: Reef Casino Trust

Data adjusted to current consolidation scope
Fiscal Period: December 2019 2020 2021 2022 2023 2024
Capitalization 1 65.99 68.48 77.69 75.7 80.18 72.21
Change - 3.77% 13.45% -2.56% 5.92% -9.94%
Enterprise Value (EV) 1 63.6 64.6 68.57 62.35 72.94 69.03
Change - 1.57% 6.16% -9.07% 16.98% -5.36%
P/E ratio 19.8x -328x 10.6x 8.42x 14.9x 14.2x
PBR 5.63x 7.78x 6.06x 5.32x 6.97x 6.36x
PEG - 3x -0x 0.4x -0.4x -2.66x
Capitalization / Revenue 3.46x 4.37x 2.89x 2.48x 3.05x 2.83x
EV / Revenue 3.34x 4.12x 2.55x 2.04x 2.77x 2.71x
EV / EBITDA 5.63x 7.42x 3.65x 2.86x 4.73x 4.76x
EV / EBIT 9.19x 12.8x 4.63x 3.45x 6.43x 6.72x
EV / FCF 10.8x 15.3x 10.8x 7.41x 232x -62.9x
FCF Yield 9.24% 6.54% 9.26% 13.5% 0.43% -1.59%
Dividend per Share 2 0.1364 0.0976 0.2958 0.3617 0.2169 0.2042
Rate of return 5.15% 3.55% 9.48% 11.9% 6.74% 7.04%
EPS 2 0.1339 -0.008393 0.2956 0.3612 0.2157 0.2042
Distribution rate 102% -1,163% 100% 100% 101% 100%
Net sales 1 19.06 15.66 26.87 30.52 26.29 25.52
EBITDA 1 11.29 8.701 18.77 21.8 15.41 14.51
EBIT 1 6.918 5.048 14.82 18.07 11.34 10.27
Net income 1 3.335 -0.209 7.361 8.993 5.371 5.084
Net Debt 1 -2.386 -3.879 -9.116 -13.34 -7.24 -3.185
Reference price 2 2.650 2.750 3.120 3.040 3.220 2.900
Nbr of stocks (in thousands) 24,901 24,901 24,901 24,901 24,901 24,901
Announcement Date 26/02/20 24/02/21 20/03/22 24/02/23 22/02/24 20/02/25
1AUD in Million2AUD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 115M
13.46x4.37x12.18x3.61% 38.74B
8.18x1.55x3.13x7.08% 34.65B
18.89x3.51x17.45x1.85% 32.21B
24.1x4.47x18.37x1.17% 30.67B
7.29x1.21x6.6x4.87% 26.71B
19.79x1.34x8.48x1.37% 25.86B
17.88x7.23x20.37x1.05% 23.96B
10.25x2.25x7.2x2.26% 19.31B
Average 14.98x 3.24x 11.72x 2.91% 25.8B
Weighted average by Cap. 15.02x 3.26x 11.75x 3.08%
See all sector valuations

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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