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 10,998 - -
Change - 0.54% 0.27% 33.82% 6.23% -8.14% - -
Enterprise Value (EV) 1 12,050 12,280 12,602 15,648 16,397 15,680 15,812 15,921
Change - 1.9% 2.63% 24.17% 4.79% -4.37% 0.84% 0.69%
P/E 6.89x 33.4x 15.4x 11.2x 8.56x 14.9x 13.1x 13.6x
PBR 0.77x 0.79x 0.79x 1.01x 0.98x 0.87x 0.84x 0.8x
PEG - -0.4x 0x 0.1x 0.2x -0.3x 1x -3.75x
Capitalization / Revenue 9.77x 8.74x 8.88x 11.6x 12.1x 10.4x 9.91x 9.34x
EV / Revenue 14.1x 12.8x 13.3x 16.2x 16.6x 14.9x 14.3x 13.5x
EV / EBITDA 15.7x 14.2x 14.1x 17.7x 18.1x 16.1x 15.4x 14.8x
EV / EBIT 15.8x 14.2x 14.1x 17.7x 18.2x 16.1x 15.7x 14.8x
EV / FCF 36x 33.4x 35.7x 72.5x 67.7x 38.5x 28.2x 25.2x
FCF Yield 2.78% 2.99% 2.8% 1.38% 1.48% 2.6% 3.55% 3.97%
Dividend per Share 2 0.104 0.12 0.1175 0.12 0.124 0.135 0.1401 0.1466
Rate of return 5.67% 6.5% 6.35% 4.86% 4.81% 5.7% 5.91% 6.19%
EPS 2 0.2664 0.0553 0.1199 0.2199 0.3014 0.1592 0.1803 0.1738
Distribution rate 39% 217% 98% 54.6% 41.1% 84.8% 77.7% 84.4%
Net sales 1 855.3 960.7 948.1 967.7 987.6 1,056 1,109 1,178
EBITDA 1 766.1 864 895.6 885.8 904.2 972.5 1,025 1,078
EBIT 1 760.6 864 895.6 881.6 900.1 972.8 1,009 1,077
Net income 1 1,215 252.3 547.1 1,005 1,391 756.3 874.5 879.8
Net Debt 1 3,697 3,881 4,181 4,377 4,425 4,683 4,814 4,924
Reference price 2 1.835 1.845 1.850 2.470 2.580 2.370 2.370 2.370
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.38x14.5x15.74x5.9% 7.4B
39.9x18.49x23.64x3.28% 124B
30.26x13.76x17.4x4.53% 64.29B
36.51x14.64x15.12x5.92% 52.04B
18.8x15.9x18.09x1.1% 39.06B
16.6x25.57x28x3.46% 16.82B
26.16x10.53x14.5x4.79% 15.02B
8.13x11.77x14.41x6.25% 14.19B
17.65x15.91x23.13x5.45% 13.66B
28.84x11.08x16.17x4.23% 13.11B
Average 23.72x 15.21x 18.62x 4.49% 35.96B
Weighted average by Cap. 30.70x 16.09x 19.69x 4.01%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Vicinity Centres

Historical PBR trend

Valuation ratios - PBR - Vicinity Centres

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Vicinity Centres

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Vicinity Centres


Year-on-year evolution of the Yield

Valuation ratios - Yield - Vicinity Centres
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