Company Valuation: Frasers Logistics & Commercial Trust

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,686 4,918 4,528 4,860 4,204 3,827 - -
Change - -13.51% -7.92% 7.32% -13.49% -8.97% - -
Enterprise Value (EV) 1 8,240 6,978 6,826 7,461 6,982 6,740 6,770 6,763
Change - -15.31% -2.19% 9.3% -6.41% -3.46% 0.44% -0.11%
P/E 7.42x 6.12x -38.2x 28.8x 17.4x 18.5x 17.2x 16.8x
PBR 1.24x 0.93x 0.9x 1x 0.85x 0.82x 0.82x 0.82x
PEG - 1.45x 0x -0x 0.4x -1.2x 2.41x 6.37x
Capitalization / Revenue 12.1x 9.87x 9.38x 9.5x 7.52x 7.12x 6.72x 6.54x
EV / Revenue 17.5x 14x 14.1x 14.6x 12.5x 12.5x 11.9x 11.6x
EV / EBITDA 25.7x 20.9x 22x 23.4x 20x 19.5x 18.2x 17.2x
EV / EBIT 25.7x 20.9x 22x 23.4x 20x 19.6x 18.4x 17.6x
EV / FCF -315x 7.66x 42.2x 29.3x 23.4x 18.2x 17.5x 16.9x
FCF Yield -0.32% 13.1% 2.37% 3.41% 4.27% 5.49% 5.71% 5.91%
Dividend per Share 2 0.0772 0.0836 0.0807 0.0776 0.0705 0.0652 0.0658 0.0669
Rate of return 4.99% 6.28% 6.65% 6% 6.34% 6.47% 6.53% 6.65%
EPS 2 0.2084 0.2172 -0.0318 0.0449 0.0641 0.0545 0.0584 0.0599
Distribution rate 37% 38.5% -254% 173% 110% 120% 113% 112%
Net sales 1 471.7 498.2 482.5 511.3 558.8 537.2 569.1 585.3
EBITDA 1 320.7 333.4 309.9 319.3 349.8 345.7 372.4 392.4
EBIT 1 320.7 333.3 309.9 319.2 349.8 343.3 367.9 385.1
Net income 1 734.8 806.3 -118.1 168.9 243.1 204.6 217.6 228.2
Net Debt 1 2,554 2,061 2,297 2,601 2,778 2,913 2,943 2,936
Reference price 2 1.547 1.331 1.214 1.293 1.113 1.007 1.007 1.007
Nbr of stocks (in thousands) 3,676,420 3,696,167 3,728,941 3,757,818 3,778,193 3,801,262 - -
Announcement Date 11/10/21 11/9/22 11/1/23 11/5/24 11/6/25 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.48x12.55x19.5x6.47% 2.69B
33.66x18.02x22.62x3.38% 120B
32.31x14.4x18.49x4.26% 68.47B
37.74x14.89x15.4x5.74% 53.66B
17.31x14.68x16.7x1.19% 36.34B
13.94x24.77x27.13x3.6% 16.44B
27.48x10.91x15.01x4.54% 15.84B
8.15x11.77x14.43x6.12% 14.58B
18.37x16.31x23.7x5.24% 14.31B
29.68x11.28x16.51x4.11% 13.52B
Average 23.71x 14.96x 18.95x 4.46% 35.61B
Weighted average by Cap. 29.24x 15.88x 19.45x 3.98%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Frasers Logistics & Commercial Trust

Historical PBR trend

Valuation ratios - PBR - Frasers Logistics & Commercial Trust

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Frasers Logistics & Commercial Trust

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Frasers Logistics & Commercial Trust


Year-on-year evolution of the Yield

Valuation ratios - Yield - Frasers Logistics & Commercial Trust
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