Company Valuation: BWP Trust

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 2,499 2,332 2,469 2,512 2,747 2,889 - -
Change - -6.68% 5.87% 1.73% 9.36% 5.19% - -
Enterprise Value (EV) 1 2,943 2,783 3,213 3,293 2,747 3,639 3,682 3,726
Change - -5.41% 15.43% 2.5% -16.6% 32.48% 1.19% 1.17%
P/E 5.14x 63.6x 12.7x 9.46x 6.78x 17x 16.3x 15.7x
PBR 1.01x 0.97x 0.91x 0.88x - 0.85x 0.82x 0.78x
PEG - -0.7x 0x 0.3x 0.1x -0.3x 3.77x 4.72x
Capitalization / Revenue 16.3x 14.7x 14.2x 12.4x 13.1x 13.4x 12.7x 12.2x
EV / Revenue 19.2x 17.6x 18.4x 16.2x 13.1x 16.9x 16.2x 15.7x
EV / EBITDA 22.9x 21.5x 22.2x 20x 14.6x 19.3x 18.4x 17.9x
EV / EBIT 22.9x 21.5x 22.2x 20x 14.6x 19.4x 18.5x 18x
EV / FCF 25.5x 25.4x - 34.9x - 62x 33.1x 31x
FCF Yield 3.92% 3.94% - 2.87% - 1.61% 3.02% 3.23%
Dividend per Share 2 0.1829 0.1829 0.1829 0.1865 - 0.2 0.204 0.2113
Rate of return 4.7% 5.04% 5.29% 5.3% - 5.43% 5.54% 5.74%
EPS 2 0.7575 0.0571 0.2729 0.3722 0.559 0.217 0.2264 0.2339
Distribution rate 24.1% 320% 67% 50.1% - 92.2% 90.1% 90.3%
Net sales 1 153.3 158.2 174.5 203.3 209.3 215.4 227.4 236.6
EBITDA 1 128.5 129.4 144.7 164.7 187.6 188.8 199.8 208
EBIT 1 128.5 129.4 144.7 164.7 187.6 187.5 198.7 206.4
Net income 1 486.6 36.69 180.2 265.6 409.2 190.8 198.8 216.6
Net Debt 1 443.7 451.6 744.3 781.7 - 749.7 793 836.2
Reference price 2 3.890 3.630 3.460 3.520 3.790 3.680 3.680 3.680
Nbr of stocks (in thousands) 642,384 642,384 713,511 713,511 724,733 785,137 - -
Announcement Date 8/2/22 8/1/23 8/13/24 8/4/25 8/18/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.96x16.89x19.28x5.43% 2.07B
39.79x15.65x16.01x5.28% 58.01B
16.63x23.33x27.96x3.47% 17.23B
8.39x12.13x14.86x5.71% 16.18B
19.7x16.58x23.8x5.13% 14.65B
9.87x13.55x16.1x5.25% 12.47B
27.84x11x17.35x3.87% 10.25B
7.74x20.28x27.44x3.2% 9.48B
14.63x11.82x18.37x6.36% 9.36B
36.07x7.62x12.25x5.46% 9.19B
Average 19.76x 14.89x 19.34x 4.92% 15.89B
Weighted average by Cap. 25.20x 15.35x 18.65x 4.97%

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