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 12,018 - -
Change - 0.54% 0.27% 33.82% 6.23% 0.39% - -
Enterprise Value (EV) 1 12,050 12,280 12,602 15,648 11,972 16,701 16,832 16,942
Change - 1.9% 2.63% 24.17% -23.49% 39.5% 0.79% 0.65%
P/E 6.89x 33.4x 15.4x 11.2x 8.56x 15x 13.5x 14.9x
PBR 0.77x 0.79x 0.79x 1.01x - 0.96x 0.92x 0.87x
PEG - -0.4x 0x 0.1x 0.2x -0.4x 1.2x -1.55x
Capitalization / Revenue 9.77x 8.74x 8.88x 11.6x 12.1x 11.4x 10.8x 10.2x
EV / Revenue 14.1x 12.8x 13.3x 16.2x 12.1x 15.8x 15.2x 14.4x
EV / EBITDA 15.7x 14.2x 14.1x 17.7x 13.2x 17.3x 16.6x 16x
EV / EBIT 15.8x 14.2x 14.1x 17.7x 13.3x 17.3x 16.8x 16x
EV / FCF 36x 33.4x 35.7x 72.5x - 41x 33.2x 28.5x
FCF Yield 2.78% 2.99% 2.8% 1.38% - 2.44% 3.02% 3.51%
Dividend per Share 2 0.104 0.12 0.1175 0.12 - 0.135 0.1401 0.1468
Rate of return 5.67% 6.5% 6.35% 4.86% - 5.21% 5.41% 5.67%
EPS 2 0.2664 0.0553 0.1199 0.2199 0.3014 0.1731 0.1923 0.1738
Distribution rate 39% 217% 98% 54.6% - 78% 72.9% 84.5%
Net sales 1 855.3 960.7 948.1 967.7 987.6 1,056 1,109 1,178
EBITDA 1 766.1 864 895.6 885.8 904.2 962.8 1,013 1,062
EBIT 1 760.6 864 895.6 881.6 900.1 964.1 1,000 1,061
Net income 1 1,215 252.3 547.1 1,005 1,391 797.8 861.1 863.1
Net Debt 1 3,697 3,881 4,181 4,377 - 4,683 4,814 4,923
Reference price 2 1.835 1.845 1.850 2.470 2.580 2.590 2.590 2.590
Nbr of stocks (in thousands) 4,552,275 4,552,275 4,552,275 4,562,878 4,640,336 4,640,336 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.97x15.82x17.35x5.21% 8.6B
34.66x14.91x19.3x4.08% 71.42B
28.75x11.18x15.26x4.43% 16.25B
30.85x11.64x16.93x3.96% 14.01B
15.74x11.28x16.4x6.37% 13.01B
39.6x15.69x18.95x4.28% 9.26B
25.31x9.97x14.83x4.2% 9.08B
22.36x14.26x15.66x5.27% 8.89B
-139.2x12.1x16.4x2.81% 6.92B
10.17x7.75x10.65x8.89% 6.75B
Average 8.32x 12.46x 16.17x 4.95% 16.42B
Weighted average by Cap. 21.98x 13.34x 17.42x 4.57%

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