Company Valuation: BWP Trust

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 2,499 2,332 2,469 2,512 2,747 2,779 - -
Change - -6.68% 5.87% 1.73% 9.36% 1.19% - -
Enterprise Value (EV) 1 2,943 2,783 3,213 3,293 3,388 3,529 3,572 3,616
Change - -5.41% 15.43% 2.5% 2.88% 4.16% 1.23% 1.21%
P/E 5.14x 63.6x 12.7x 9.46x 6.78x 16.3x 15.6x 15.1x
PBR 1.01x 0.97x 0.91x 0.88x 0.92x 0.81x 0.79x 0.75x
PEG - -0.7x 0x 0.3x 0.1x -0.3x 3.61x 4.54x
Capitalization / Revenue 16.3x 14.7x 14.2x 12.4x 13.1x 12.9x 12.2x 11.7x
EV / Revenue 19.2x 17.6x 18.4x 16.2x 16.2x 16.4x 15.7x 15.3x
EV / EBITDA 22.9x 21.5x 22.2x 20x 18.1x 18.7x 17.9x 17.4x
EV / EBIT 22.9x 21.5x 22.2x 20x 18.1x 18.8x 18x 17.5x
EV / FCF 25.5x 25.4x - 34.9x 60.9x 60.2x 32.2x 30.1x
FCF Yield 3.92% 3.94% - 2.87% 1.64% 1.66% 3.11% 3.32%
Dividend per Share 2 0.1829 0.1829 0.1829 0.1865 0.1941 0.2 0.204 0.2113
Rate of return 4.7% 5.04% 5.29% 5.3% 5.12% 5.65% 5.76% 5.97%
EPS 2 0.7575 0.0571 0.2729 0.3722 0.559 0.217 0.2264 0.2339
Distribution rate 24.1% 320% 67% 50.1% 34.7% 92.2% 90.1% 90.3%
Net sales 1 153.3 158.2 174.5 203.3 209.3 215.4 227.4 236.6
EBITDA 1 128.5 129.4 144.7 164.7 187.6 188.8 199.8 208
EBIT 1 128.5 129.4 144.7 164.7 187.6 187.5 198.7 206.4
Net income 1 486.6 36.69 180.2 265.6 409.2 190.8 198.8 216.6
Net Debt 1 443.7 451.6 744.3 781.7 641.4 749.7 793 836.2
Reference price 2 3.890 3.630 3.460 3.520 3.790 3.540 3.540 3.540
Nbr of stocks (in thousands) 642,384 642,384 713,511 713,511 724,733 785,137 - -
Announcement Date 02/08/22 01/08/23 13/08/24 04/08/25 18/08/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.31x16.38x18.69x5.65% 1.99B
39.41x15.31x15.82x5.48% 56.12B
16.46x23.17x27.76x3.5% 17.08B
8.07x11.94x14.62x5.94% 15.58B
17.91x16.33x23.47x5.27% 14.32B
9.29x13.33x15.88x5.38% 12.2B
26.98x10.79x16.97x3.99% 9.94B
7.69x20.19x27.31x3.23% 9.43B
14.58x11.77x18.5x6.47% 9.23B
34.99x7.52x12.08x5.63% 8.91B
Average 19.17x 14.67x 19.11x 5.05% 15.48B
Weighted average by Cap. 24.60x 15.14x 18.48x 5.12%

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

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