Company Valuation: Argosy Property Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 1,168 939.9 953.1 843.7 987 891.4 - -
Change - -19.55% 1.4% -11.48% 16.99% -9.68% - -
Enterprise Value (EV) 1 1,905 1,698 1,689 1,598 1,839 1,696 1,682 1,685
Change - -10.89% -0.5% -5.39% 15.07% -7.78% -0.85% 0.2%
P/E 4.93x -11.6x -17.2x 6.64x 7.64x 7.5x 7.48x -
PBR 0.79x 0.7x 0.78x 0.64x 0.71x 0.61x 0.6x 0.58x
PEG - 0x 0.5x -0x -37.77x -0.92x 28.25x -
Capitalization / Revenue 11.1x 8.33x 8.18x 7.22x 8.17x 7.39x 6.97x 6.79x
EV / Revenue 18.1x 15.1x 14.5x 13.7x 15.2x 14.1x 13.1x 12.8x
EV / EBITDA 20.4x 16.6x 16.1x 15.2x 16.8x 15.6x 14.5x 14.2x
EV / EBIT 20.4x 16.6x 16.1x 15.2x 16.8x 15.6x 14.5x 14.2x
EV / FCF - - 69.4x - -30.8x 21.9x 36.4x 37.4x
FCF Yield - - 1.44% - -3.24% 4.56% 2.75% 2.67%
Dividend per Share 2 0.0655 0.0665 0.0665 0.0665 0.0665 0.0665 0.0665 0.0665
Rate of return 4.75% 5.99% 5.91% 6.75% 5.88% 6.52% 6.52% 6.52%
EPS 2 0.2801 -0.0955 -0.0653 0.1483 0.148 0.136 0.1363 -
Distribution rate 23.4% -69.6% -102% 44.8% 44.9% 48.9% 48.8% -
Net sales 1 105.1 112.8 116.5 116.9 120.8 120.6 127.9 131.2
EBITDA 1 93.3 102 104.9 105.5 109.4 108.8 115.8 118.4
EBIT 1 93.3 102 104.9 105.5 109.4 108.8 115.8 118.4
Net income 1 236.2 -80.8 -55.3 125.9 127.7 107.6 112 115.4
Net Debt 1 737.1 757.9 736.2 754.5 852.1 804.7 790.3 793.6
Reference price 2 1.380 1.110 1.125 0.985 1.130 1.020 1.020 1.020
Nbr of stocks (in thousands) 846,551 846,724 847,169 856,547 873,475 873,970 - -
Announcement Date 5/17/22 5/16/23 5/21/24 5/21/25 5/19/26 - - -
1NZD in Million2NZD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.5x14.06x15.59x6.52% 522M
15.26x4.86x13.08x3.32% 43.43B
8.97x1.53x7.99x3.96% 31.01B
18.33x4.04x16.49x1.34% 27.94B
6.26x0.37x0.73x8.94% 26.9B
13.59x3.04x14.66x2.6% 24.61B
12.43x2.19x7.83x3.82% 21.45B
8.18x0.91x3.3x2.73% 20.93B
13.68x6.6x17.64x1.56% 19.77B
10.32x1.66x14.33x3.66% 18.8B
Average 11.45x 3.93x 11.16x 3.85% 23.54B
Weighted average by Cap. 12.16x 2.94x 10.71x 3.62%

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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  4. Valuation Argosy Property Limited