Company Valuation: Vicinity Centres

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,033 8,353 8,399 8,422 11,270 12,529 - -
Change - 18.77% 0.54% 0.27% 33.82% 11.17% - -
Enterprise Value (EV) 1 10,268 12,050 12,280 12,602 15,648 17,195 17,365 17,558
Change - 17.36% 1.9% 2.63% 24.17% 9.89% 0.99% 1.11%
P/E -27.2x 6.89x 33.4x 15.4x 11.2x 12.4x 15x 16.3x
PBR 0.71x 0.77x 0.79x 0.79x 1.01x 1.06x 1.01x 0.96x
PEG - -0x -0.4x 0x 0.1x -9.88x -0.9x -2.13x
Capitalization / Revenue 8.91x 9.77x 8.74x 8.88x 11.6x 12.7x 11.8x 11.1x
EV / Revenue 13x 14.1x 12.8x 13.3x 16.2x 17.5x 16.4x 15.6x
EV / EBITDA 14.6x 15.7x 14.2x 14.1x 17.7x 19.2x 18.1x 17.3x
EV / EBIT 14.6x 15.8x 14.2x 14.1x 17.7x 19.1x 18x 17.2x
EV / FCF 21.2x 36x 33.4x 35.7x 72.5x 29.9x 29.3x 26.8x
FCF Yield 4.73% 2.78% 2.99% 2.8% 1.38% 3.34% 3.42% 3.73%
Dividend per Share 2 0.1 0.104 0.12 0.1175 0.12 0.1234 0.1312 0.1387
Rate of return 6.47% 5.67% 6.5% 6.35% 4.86% 4.57% 4.86% 5.14%
EPS 2 -0.0567 0.2664 0.0553 0.1199 0.2199 0.2171 0.1795 0.1657
Distribution rate -176% 39% 217% 98% 54.6% 56.8% 73.1% 83.7%
Net sales 1 789.1 855.3 960.7 948.1 967.7 985 1,061 1,127
EBITDA 1 702.7 766.1 864 895.6 885.8 895.9 960.8 1,012
EBIT 1 702.7 760.6 864 895.6 881.6 899.8 965.6 1,020
Net income 1 -258 1,215 252.3 547.1 1,005 979.9 804.2 811.7
Net Debt 1 3,235 3,697 3,881 4,181 4,377 4,666 4,836 5,030
Reference price 2 1.545 1.835 1.845 1.850 2.470 2.700 2.700 2.700
Nbr of stocks (in thousands) 4,552,275 4,552,275 4,552,275 4,552,275 4,562,878 4,640,336 - -
Announcement Date 17/08/21 16/08/22 15/08/23 19/08/24 19/08/25 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.43x17.46x19.19x4.57% 8.81B
33.16x15.08x19.43x4.07% 71.94B
29.34x11.24x15.36x4.35% 16.39B
31.12x11.93x17.11x3.93% 14.06B
15.54x11.18x16.26x6.45% 12.82B
40.18x16x19.36x4.18% 9.48B
25.82x10.15x15.04x4.12% 9.25B
22.94x14.22x15.79x5.2% 8.94B
10.4x7.97x10.72x8.63% 6.79B
-125.51x11.65x17.73x2.9% 6.67B
Average 9.54x 12.69x 16.60x 4.84% 16.52B
Weighted average by Cap. 22.22x 13.56x 17.70x 4.51%

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