Projected Income Statement: Lendlease Global Commercial REIT

Forecast Balance Sheet: Lendlease Global Commercial REIT

Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 293 1,398 1,458 1,502 1,599 1,136 1,613 1,612
Change - 377.13% 4.29% 3.02% 6.46% -28.95% 41.99% -0.06%
Announcement Date 8/9/21 8/7/22 8/7/23 8/5/24 8/4/25 8/3/26 - -
1SGD in Million
Estimates

Cash Flow Forecast: Lendlease Global Commercial REIT

Fiscal Period: June 2021 2022 2023 2024 2025 2027 2028
CAPEX 1 1.462 4.479 5.29 7.646 15.16 6.01 5.033
Change - 206.36% 18.11% 44.54% 98.3% - -16.25%
Free Cash Flow (FCF) 1 19.22 -1,752 168.7 121.2 147.5 162.8 190
Change - -9,217.03% 109.63% -28.19% 21.72% - 16.71%
Announcement Date 8/9/21 8/7/22 8/7/23 8/5/24 8/4/25 - -
1SGD in Million
Estimates

Forecast Financial Ratios: Lendlease Global Commercial REIT

Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 61.31% 58.66% 63.87% 64.97% 61.73% 61.23% 62.73% 62.94%
EBIT Margin (%) 61.31% 58.66% 63.87% 64.97% 61.73% 61.23% 62.73% 63.05%
EBT Margin (%) -1.7% 150.19% 57.83% 34.97% 34.25% 57.66% 39.19% 39.83%
Net margin (%) -2.46% 138.09% 48.77% 26.36% 25.38% 50.48% 41.51% 41.38%
FCF margin (%) 24.43% -1,723.38% 82.35% 54.85% 71.41% - 66.4% 75.18%
FCF / Net Income (%) -992.1% -1,248% 168.85% 208.07% 281.39% - 159.95% 181.67%

Profitability

        
ROA 1.73% 2.68% 2.65% 1.52% 1.36% 2.1% 2.23% 2.32%
ROE 2.64% 4.37% 4.54% 2.62% 2.4% 10.62% 4.03% 4.48%

Financial Health

        
Leverage (Debt/EBITDA) 6.08x 23.45x 11.14x 10.46x 12.54x 8.44x 10.49x 10.13x
Debt / Free cash flow 15.26x -0.8x 8.64x 12.4x 10.84x - 9.91x 8.48x

Capital Intensity

        
CAPEX / Current Assets (%) 1.86% 4.41% 2.58% 3.46% 7.34% - 2.45% 1.99%
CAPEX / EBITDA (%) 3.03% 7.51% 4.04% 5.33% 11.89% - 3.91% 3.16%
CAPEX / FCF (%) 7.61% -0.26% 3.14% 6.31% 10.28% - 3.69% 2.65%

Items per share

        
Cash flow per share 1 0.0565 0.0666 0.0759 - 0.0673 - 0.0398 0.0402
Change - 17.79% 13.93% - - - - 1.01%
Dividend per Share 1 0.0468 0.0485 0.047 0.0387 0.036 0.0366 0.0382 0.039
Change - 3.63% -3.09% -17.66% -6.98% 1.69% 4.37% 1.94%
Book Value Per Share 1 0.9795 0.78 0.79 0.76 0.75 0.68 0.6975 0.69
Change - -20.37% 1.28% -3.8% -1.32% -9.33% 2.57% -1.08%
EPS 1 -0.0016 0.0983 0.0436 0.0248 0.0217 0.0373 0.0342 0.0345
Change - 6,243.75% -55.65% -43.12% -12.5% 71.89% -5% 0.94%
Nbr of stocks (in thousands) 1,180,996 2,277,126 2,323,662 2,376,578 2,446,669 3,313,371 3,313,371 3,313,371
Announcement Date 8/9/21 8/7/22 8/7/23 8/5/24 8/4/25 8/3/26 - -
1SGD
Estimates
2026 2027 *
P/E 15.3x 16.4x
PBR 0.82x 0.8x
EV / Sales 8.91x 14.1x
Yield 6.54% 6.82%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
0.5600SGD
Average target price
0.7229SGD
Spread / Average Target
+29.08%

Annual profits - Rate of surprise

  1. Stock Market
  2. Stocks
  3. JYEU Stock
  4. Financials Lendlease Global Commercial REIT