Projected Income Statement: Property For Industry Limited

Forecast Balance Sheet: Property For Industry Limited

Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 598 600 646 674 702 773 833 897
Change - 0.33% 7.67% 4.33% 4.15% 10.11% 7.76% 7.68%
Announcement Date 20/02/22 20/02/23 25/02/24 26/08/24 24/08/25 - - -
1NZD in Million
Estimates

Cash Flow Forecast: Property For Industry Limited

Fiscal Period: June 2021 2022 2023 2025 2026 2027 2028
CAPEX 1 23.97 19.17 73.53 51.85 55.58 57.74 71.53
Change - -20.03% 283.58% - 7.19% 3.9% 23.87%
Free Cash Flow (FCF) 1 32.16 - - 8.863 -38.7 -20.6 -33.8
Change - - - - -536.65% 46.77% -64.08%
Announcement Date 20/02/22 20/02/23 25/02/24 24/08/25 - - -
1NZD in Million
Estimates

Forecast Financial Ratios: Property For Industry Limited

Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 90.87% 88.86% 89.47% - 91.44% 89.26% 88.71% 89.41%
EBIT Margin (%) 90.68% 88.66% 88.86% - 89.43% 88% 88.12% 88.56%
EBT Margin (%) 501.43% - - - - - - -
Net margin (%) 480.2% -14.58% -105.41% - 100.45% 77.06% 83.11% 95.35%
FCF margin (%) 34.1% - - - 8.4% -32.25% -17.06% -26.18%
FCF / Net Income (%) 7.1% - - - 8.36% -41.85% -20.53% -27.46%

Profitability

        
ROA 3.21% 2.41% 2.57% - 4.96% 4.62% 4.43% 4.45%
ROE 4.64% 3.45% 3.8% - 7.62% 4.21% 3.83% 3.89%

Financial Health

        
Leverage (Debt/EBITDA) 6.97x 7.06x 7.78x - 7.27x 7.21x 7.78x 7.77x
Debt / Free cash flow 18.59x - - - 79.21x -19.96x -40.45x -26.54x

Capital Intensity

        
CAPEX / Current Assets (%) 25.42% 20.04% 79.26% - 49.12% 46.32% 47.82% 55.41%
CAPEX / EBITDA (%) 27.97% 22.55% 88.58% - 53.72% 51.89% 53.91% 61.98%
CAPEX / FCF (%) 74.55% - - - 584.98% -143.61% -280.31% -211.62%

Items per share

        
Cash flow per share 1 0.11 0.1007 - - 0.1209 0.1196 0.1156 0.1217
Change - -8.49% - - - -1.04% -3.36% 5.22%
Dividend per Share 1 0.079 0.081 0.083 - 0.086 0.095 0.0975 0.1
Change - 2.53% 2.47% - - 10.47% 2.63% 2.56%
Book Value Per Share 1 3.091 2.988 2.709 - 2.836 2.958 3.054 3.156
Change - -3.33% -9.35% - - 4.33% 3.23% 3.35%
EPS 1 0.8996 -0.0276 -0.1948 - 0.211 0.1839 0.2204 0.2288
Change - -103.07% -605.8% - - -12.83% 19.83% 3.82%
Nbr of stocks (in thousands) 503,479 504,881 502,129 - 502,284 502,379 502,379 502,379
Announcement Date 20/02/22 20/02/23 25/02/24 - 24/08/25 - - -
1NZD
Estimates
2026 *2027 *
P/E 13x 10.8x
PBR 0.81x 0.78x
EV / Sales 16.4x 16.8x
Yield 3.97% 4.08%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
BB
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
3
Last Close Price
2.390NZD
Average target price
2.520NZD
Spread / Average Target
+5.44%

Annual profits - Rate of surprise

  1. Stock Market
  2. Stocks
  3. PFI Stock
  4. Financials Property For Industry Limited