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 1,168 939.9 953.1 843.7 987 917.7 - -
Change - -19.55% 1.4% -11.48% 16.99% -7.03% - -
Enterprise Value (EV) 1 1,905 1,698 1,689 1,598 1,839 1,722 1,708 1,711
Change - -10.89% -0.5% -5.39% 15.07% -6.35% -0.83% 0.19%
P/E 4.93x -11.6x -17.2x 6.64x 7.64x 7.72x 7.7x -
PBR 0.79x 0.7x 0.78x 0.64x 0.71x 0.63x 0.61x 0.6x
PEG - 0x 0.5x -0x -37.77x -0.95x 29.08x -
Capitalization / Revenue 11.1x 8.33x 8.18x 7.22x 8.17x 7.61x 7.17x 6.99x
EV / Revenue 18.1x 15.1x 14.5x 13.7x 15.2x 14.3x 13.4x 13x
EV / EBITDA 20.4x 16.6x 16.1x 15.2x 16.8x 15.8x 14.8x 14.5x
EV / EBIT 20.4x 16.6x 16.1x 15.2x 16.8x 15.8x 14.8x 14.5x
EV / FCF - - 69.4x - -30.8x 22.3x 37x 38x
FCF Yield - - 1.44% - -3.24% 4.49% 2.7% 2.63%
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% 6.33% 6.33% 6.33%
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 1.050 1.050 1.050
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.($)
7.91x14.46x16.03x6.19% 547M
15.91x5x13.46x3.19% 45.28B
21.05x4.29x17.61x1.19% 31.01B
8.63x1.5x7.64x4.09% 30.36B
5.65x0.62x1.28x8.91% 27B
14.4x3.12x14.94x2.44% 25.69B
15.25x6.85x18.39x1.4% 21.48B
9.06x2.34x7.19x3.85% 21.36B
10.16x1.64x14.26x3.72% 18.64B
Average 12.00x 4.42x 12.31x 3.89% 24.6B
Weighted average by Cap. 12.98x 3.33x 11.88x 3.59%

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