Company Valuation: DEXUS

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 11,476 9,551 8,389 6,953 7,133 6,182 - -
Change - -16.78% -12.16% -17.12% 2.59% -13.34% - -
Enterprise Value (EV) 1 16,381 14,418 13,611 11,809 11,790 10,901 11,084 11,145
Change - -11.99% -5.6% -13.24% -0.16% -7.54% 1.68% 0.55%
P/E 10.2x 5.99x -11.1x -4.4x 52.4x 8.35x 7.96x 7.75x
PBR 0.92x 0.7x 0.68x 0.68x 0.72x 0.62x 0.59x 0.57x
PEG - 0.1x 0x -0x -0x 0x 1.63x 2.81x
Capitalization / Revenue 11.3x 10.9x 9.89x 7.71x 7.5x 6.3x 6.46x 6.03x
EV / Revenue 16.1x 16.5x 16x 13.1x 12.4x 11.1x 11.6x 10.9x
EV / EBITDA 19x 15.5x 15.1x 13.5x 13x 14x 14.6x 13.6x
EV / EBIT 19.2x 15.8x 15.3x 13.7x 13.3x 13.5x 14.4x 13.5x
EV / FCF 23.7x 26x 24.8x 25.3x 16x 24.7x -150x 67.3x
FCF Yield 4.21% 3.85% 4.02% 3.95% 6.26% 4.05% -0.67% 1.48%
Dividend per Share 2 0.518 0.532 0.516 0.48 0.37 0.369 0.3555 0.3702
Rate of return 4.85% 5.99% 6.62% 7.41% 5.56% 6.38% 6.15% 6.41%
EPS 2 1.047 1.484 -0.7 -1.473 0.1268 0.6924 0.7263 0.7463
Distribution rate 49.5% 35.9% -73.7% -32.6% 292% 53.3% 49% 49.6%
Net sales 1 1,016 874.3 848.4 902.2 951.2 980.5 957.2 1,026
EBITDA 1 862.3 928.4 899.9 876.9 903.6 777.8 761.7 817.9
EBIT 1 853.2 914.6 891.5 863 885.5 808.2 768.3 823.4
Net income 1 525 1,583 -752.7 -1,584 136.1 692.1 598.3 705.5
Net Debt 1 4,905 4,867 5,222 4,856 4,657 4,720 4,903 4,964
Reference price 2 10.670 8.880 7.800 6.480 6.650 5.780 5.780 5.780
Nbr of stocks (in thousands) 1,075,565 1,075,565 1,075,565 1,073,020 1,072,665 1,069,489 - -
Announcement Date 8/16/21 8/16/22 8/15/23 8/19/24 8/19/25 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
34.02x7.35x12.89x4.33% 10.32B
24.22x16.07x25.75x4.07% 6.69B
22.48x15.61x26.12x4.53% 5.11B
314.22x7.73x12.13x4.56% 4.65B
163.94x7.9x13.66x5.91% 4.28B
40.62x13.04x16.99x6.03% 4.28B
9.81x19.82x23.71x5.6% 4B
25.12x8.18x15.44x3.81% 3.78B
Average 79.30x 11.96x 18.34x 4.86% 5.39B
Weighted average by Cap. 71.90x 11.57x 18.08x 4.74%

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

-40%: Exceptional extension
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