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 12,297 - -
Change - 18.77% 0.54% 0.27% 33.82% 9.11% - -
Enterprise Value (EV) 1 10,268 12,050 12,280 12,602 15,648 16,968 17,174 17,400
Change - 17.36% 1.9% 2.63% 24.17% 8.44% 1.21% 1.32%
P/E -27.2x 6.89x 33.4x 15.4x 11.2x 12.2x 14.8x 15.9x
PBR 0.71x 0.77x 0.79x 0.79x 1.01x 1.04x 0.99x 0.94x
PEG - -0x -0.4x 0x 0.1x -9.86x -0.9x -2.19x
Capitalization / Revenue 8.91x 9.77x 8.74x 8.88x 11.6x 12.5x 11.6x 10.9x
EV / Revenue 13x 14.1x 12.8x 13.3x 16.2x 17.2x 16.2x 15.4x
EV / EBITDA 14.6x 15.7x 14.2x 14.1x 17.7x 18.9x 17.9x 17.2x
EV / EBIT 14.6x 15.8x 14.2x 14.1x 17.7x 18.9x 17.8x 17.1x
EV / FCF 21.2x 36x 33.4x 35.7x 72.5x 29.5x 28.9x 26.6x
FCF Yield 4.73% 2.78% 2.99% 2.8% 1.38% 3.39% 3.46% 3.76%
Dividend per Share 2 0.1 0.104 0.12 0.1175 0.12 0.1234 0.1312 0.1388
Rate of return 6.47% 5.67% 6.5% 6.35% 4.86% 4.66% 4.95% 5.24%
EPS 2 -0.0567 0.2664 0.0553 0.1199 0.2199 0.2172 0.1796 0.1666
Distribution rate -176% 39% 217% 98% 54.6% 56.8% 73% 83.3%
Net sales 1 789.1 855.3 960.7 948.1 967.7 985.1 1,060 1,128
EBITDA 1 702.7 766.1 864 895.6 885.8 895.9 957.1 1,009
EBIT 1 702.7 760.6 864 895.6 881.6 899 963.3 1,018
Net income 1 -258 1,215 252.3 547.1 1,005 980 804.9 814.5
Net Debt 1 3,235 3,697 3,881 4,181 4,377 4,671 4,877 5,104
Reference price 2 1.545 1.835 1.845 1.850 2.470 2.650 2.650 2.650
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
12.2x17.22x18.94x4.66% 8.6B
35.98x15.5x19.93x3.93% 74.52B
31.69x11.76x16.27x4.02% 17.6B
33.29x12.39x18.23x3.7% 15B
15.54x11.18x16.26x6.45% 12.83B
27.61x10.52x15.54x3.83% 9.95B
41.5x16.17x19.48x3.96% 9.67B
24.1x14.74x16.21x4.92% 9.39B
-191.69x12.62x19.44x2.66% 7.69B
11.62x7.9x10.45x8.43% 6.75B
Average 4.18x 13.00x 17.08x 4.65% 17.2B
Weighted average by Cap. 20.64x 13.89x 18.21x 4.31%

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