Company Valuation: Stockland

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 8,605 9,603 9,933 12,835 9,898 10,448 - -
Change - 11.6% 3.43% 29.22% -22.88% 5.56% - -
Enterprise Value (EV) 1 12,699 13,239 13,944 17,367 13,997 14,763 14,833 14,893
Change - 4.26% 5.32% 24.55% -19.41% 5.47% 0.48% 0.4%
P/E 6.26x 22x 32.8x 15.6x 9.95x 11.2x 10.7x 9.52x
PBR 0.83x 0.94x 1x 1.26x 0.92x 0.95x 0.91x 0.87x
PEG - -0.3x -1.1x 0x 0.5x -1.94x 2.3x 0.8x
Capitalization / Revenue 3.02x 3.42x 3.32x 4.1x 2.76x 2.78x 2.7x 3.06x
EV / Revenue 4.46x 4.71x 4.66x 5.55x 3.9x 3.93x 3.83x 4.36x
EV / EBITDA 16.2x 15.1x 16.6x 19.7x 11.5x 13.9x 13.1x 12.1x
EV / EBIT 16.6x 15.4x 17x 20.1x 12.4x 14.3x 13.6x 12.6x
EV / FCF 14.2x 42.8x 423x 53.4x 21.4x 19.9x 19.6x 16.9x
FCF Yield 7.06% 2.33% 0.24% 1.87% 4.67% 5.04% 5.11% 5.93%
Dividend per Share 2 0.266 0.262 0.246 0.252 0.252 0.2526 0.2584 0.2685
Rate of return 7.37% 6.5% 5.9% 4.7% 6.18% 5.86% 6% 6.23%
EPS 2 0.577 0.183 0.127 0.343 0.41 0.3864 0.4044 0.4526
Distribution rate 46.1% 143% 194% 73.5% 61.5% 65.4% 63.9% 59.3%
Net sales 1 2,847 2,808 2,989 3,131 3,589 3,752 3,869 3,413
EBITDA 1 784 878 838 882 1,214 1,063 1,128 1,226
EBIT 1 767 861 822 864 1,133 1,030 1,091 1,180
Net income 1 1,381 438 305 826 994 939 984 1,101
Net Debt 1 4,094 3,636 4,011 4,532 4,099 4,315 4,385 4,445
Reference price 2 3.610 4.030 4.170 5.360 4.080 4.310 4.310 4.310
Nbr of stocks (in thousands) 2,383,654 2,382,994 2,381,896 2,394,542 2,425,901 2,424,131 - -
Announcement Date 18/08/22 23/08/23 21/08/24 19/08/25 18/08/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.65x3.81x13.38x6.13% 6.97B
62.18x - - - 66.41B
14x4.54x12.22x3.62% 39.85B
5.74x0.78x1.6x8.58% 28.06B
8.28x1.46x8.04x4.27% 27.68B
17.51x3.91x15.72x1.4% 27.05B
13.43x3.04x14.56x2.6% 24.8B
9.36x3.54x7.84x-.--% 22.08B
8.3x0.92x3.35x2.69% 21.22B
10.35x2.03x8.38x4.06% 20.81B
Average 15.98x 2.67x 9.45x 3.7% 28.49B
Weighted average by Cap. 23.01x 2.70x 9.39x 3.61%

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