HOMECO DAILY NEEDS REIT |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.255 AUD | +1.62% |
|
+3.72% | +2.87% |
| 02-19 | Jarden Research Adjusts Homeco Daily Needs REIT’s Price Target to AU$1.40 From AU$1.35, Keeps at Overweight | MT |
| 02-16 | Transcript : HomeCo Daily Needs REIT, H1 2024 Earnings Call, Feb 16, 2024 |
Valuation
| Fiscal Period: June | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 962.5 | 2,647 | 2,437 | 2,609 | - | - |
| Enterprise Value (EV) 1 | 1,139 | 4,225 | 4,053 | 4,250 | 4,348 | 4,442 |
| P/E ratio | 22.3 x | 4.56 x | 23.8 x | 16.5 x | 11.5 x | 9.91 x |
| Yield | 3.19% | 6.47% | 7.06% | 6.55% | 6.75% | 6.93% |
| Capitalization / Revenue | 21.3 x | 13.3 x | 7.02 x | 9.38 x | 8.87 x | 8.4 x |
| EV / Revenue | 25.2 x | 21.3 x | 11.7 x | 15.3 x | 14.8 x | 14.3 x |
| EV / EBITDA | 52.7 x | 33.6 x | 17.5 x | 17.2 x | 16.7 x | 16.1 x |
| EV / FCF | 49.7 x | -5.55 x | 33.7 x | 29.2 x | 28.1 x | 29.3 x |
| FCF Yield | 2.01% | -18% | 2.97% | 3.42% | 3.56% | 3.41% |
| Price to Book | 0.98 x | 0.84 x | 0.79 x | 0.88 x | 0.84 x | 0.8 x |
| Nbr of stocks (in thousands) | 721,911 | 2,067,717 | 2,074,368 | 2,079,195 | - | - |
| Reference price 2 | 1.333 | 1.280 | 1.175 | 1.255 | 1.255 | 1.255 |
| Announcement Date | 21-08-18 | 22-08-17 | 23-08-16 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net sales 1 | 45.2 | 198.7 | 347.3 | 278.2 | 294.2 | 310.6 |
| EBITDA 1 | 21.6 | 125.6 | 231.2 | 246.8 | 259.8 | 276.3 |
| EBIT 1 | 21.6 | 125.6 | 231.2 | 246.8 | 259.5 | 275.7 |
| Operating Margin | 47.79% | 63.21% | 66.57% | 88.71% | 88.21% | 88.75% |
| Earnings before Tax (EBT) 1 | 31.3 | 335.1 | 102.2 | 179.6 | 182.6 | 184.6 |
| Net income 1 | 31.3 | 335.1 | 102.2 | 146.1 | 196.5 | 229.9 |
| Net margin | 69.25% | 168.65% | 29.43% | 52.51% | 66.8% | 74% |
| EPS 2 | 0.0597 | 0.2807 | 0.0494 | 0.0762 | 0.1093 | 0.1266 |
| Free Cash Flow 1 | 22.9 | -761.2 | 120.2 | 145.3 | 155 | 151.4 |
| FCF margin | 50.66% | -383.09% | 34.61% | 52.23% | 52.67% | 48.74% |
| FCF Conversion (EBITDA) | 106.02% | - | 51.99% | 58.88% | 59.66% | 54.81% |
| FCF Conversion (Net income) | 73.16% | - | 117.61% | 99.47% | 78.85% | 65.86% |
| Dividend per Share 2 | 0.0425 | 0.0828 | 0.0830 | 0.0823 | 0.0848 | 0.0869 |
| Announcement Date | 21-08-18 | 22-08-17 | 23-08-16 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales | 6.8 | 38.4 | - | - | - | 180.8 | 178.7 | - | - |
| EBITDA | - | 23.1 | - | - | - | 117.4 | 26.1 | - | - |
| EBIT | - | 23.1 | 130.8 | 98.5 | 122.4 | 117.4 | 26.1 | - | - |
| Operating Margin | - | 60.16% | - | - | - | 64.93% | 14.61% | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - |
| Net income 1 | - | - | 120.6 | 214.5 | 95.4 | 6.8 | - | 88 | 89 |
| Net margin | - | - | - | - | - | 3.76% | - | - | - |
| EPS 2 | - | - | 0.1574 | 0.1233 | 0.0461 | 0.003300 | - | 0.0400 | 0.0400 |
| Dividend per Share 2 | - | 0.0182 | 0.0408 | 0.0420 | 0.0415 | 0.0415 | - | 0.0400 | 0.0400 |
| Announcement Date | 21-02-16 | 21-08-18 | 22-02-22 | 22-08-17 | 23-02-19 | 23-08-16 | 24-02-15 | - | - |
1AUD in Million2AUD
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 176 | 1,578 | 1,616 | 1,640 | 1,739 | 1,833 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 8.162 x | 12.57 x | 6.99 x | 6.646 x | 6.693 x | 6.633 x |
| Free Cash Flow 1 | 22.9 | -761 | 120 | 145 | 155 | 151 |
| ROE (net income / shareholders' equity) | 2.71% | 5.39% | 3.29% | 5.91% | 6.09% | 6.05% |
| ROA (Net income/ Total Assets) | 1.78% | 3.52% | 2.11% | 3.81% | 3.83% | 3.76% |
| Assets 1 | 1,758 | 9,532 | 4,841 | 3,839 | 5,132 | 6,111 |
| Book Value Per Share 2 | 1.360 | 1.520 | 1.480 | 1.430 | 1.490 | 1.570 |
| Cash Flow per Share 2 | 0.0400 | 0.1200 | 0.0800 | 0.0900 | 0.0900 | 0.0900 |
| Capex 1 | - | - | 42.2 | 109 | 106 | 92.3 |
| Capex / Sales | - | - | 12.15% | 39.05% | 36.07% | 29.71% |
| Announcement Date | 21-08-18 | 22-08-17 | 23-08-16 | - | - | - |
1AUD in Million2AUD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
D-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
1.255
AUD
Average target price
1.349
AUD
Spread / Average Target
+7.46%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +2.87% | 1.7B | |
| -10.93% | 12.84B | |
| -19.27% | 11.37B | |
| -11.09% | 10.93B | |
| -1.95% | 7.74B | |
| -4.43% | 6.72B | |
| -5.88% | 5.78B | |
| -4.45% | 5.97B | |
| -7.74% | 4.67B | |
| -9.84% | 4.06B |
- Stock Market
- Equities
- HDN Stock
- Financials HomeCo Daily Needs REIT