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 5,839 - -
Change - -16.78% -12.16% -17.12% 2.59% -18.14% - -
Enterprise Value (EV) 1 16,381 14,418 13,611 11,809 11,790 10,559 10,742 10,803
Change - -11.99% -5.6% -13.24% -0.16% -10.44% 1.74% 0.57%
P/E 10.2x 5.99x -11.1x -4.4x 52.4x 7.89x 7.52x 7.32x
PBR 0.92x 0.7x 0.68x 0.68x 0.72x 0.58x 0.56x 0.54x
PEG - 0.1x 0x -0x -0x 0x 1.54x 2.66x
Capitalization / Revenue 11.3x 10.9x 9.89x 7.71x 7.5x 5.96x 6.14x 5.75x
EV / Revenue 16.1x 16.5x 16x 13.1x 12.4x 10.8x 11.3x 10.6x
EV / EBITDA 19x 15.5x 15.1x 13.5x 13x 13.6x 14.1x 13.2x
EV / EBIT 19.2x 15.8x 15.3x 13.7x 13.3x 13.1x 14x 13.2x
EV / FCF 23.7x 26x 24.8x 25.3x 16x 23.9x -145x 65.3x
FCF Yield 4.21% 3.85% 4.02% 3.95% 6.26% 4.18% -0.69% 1.53%
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% 6.76% 6.51% 6.78%
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 1,016 874.3 848.4 902.2 951.2 980.5 951.6 1,016
EBITDA 1 862.3 928.4 899.9 876.9 903.6 777.8 761.7 817.9
EBIT 1 853.2 914.6 891.5 863 885.5 808.4 764.7 817.7
Net income 1 525 1,583 -752.7 -1,584 136.1 692.4 588.9 694.9
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 5.460 5.460 5.460
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.89x10.77x13.58x6.76% 4.05B
35.95x7.54x13.29x4.04% 11.05B
25.38x16.61x27.08x3.88% 7.01B
23.69x16.15x27.02x4.3% 5.38B
311.91x8.21x12.84x4.12% 5.11B
175.11x8.18x14.13x5.53% 4.57B
42.63x13.46x17.54x5.74% 4.45B
28.23x8.77x16.55x3.39% 4.25B
9.92x19.68x23.77x5.59% 4.03B
-22.52x9.4x24.68x4.68% 3.8B
Average 63.82x 11.88x 19.05x 4.8% 5.37B
Weighted average by Cap. 63.18x 11.58x 18.72x 4.64%

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