Projected Income Statement: Stockland

Forecast Balance Sheet: Stockland

Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Net Debt 1 4,094 3,636 4,011 4,532 - 4,327 4,404 4,476
Change - -11.19% 10.31% 12.99% - - 1.78% 1.63%
Announcement Date 8/18/22 8/23/23 8/21/24 8/19/25 8/18/26 - - -
1AUD in Million
Estimates

Cash Flow Forecast: Stockland

Fiscal Period: June 2022 2023 2024 2025 2027 2028 2029
CAPEX 1 22 386 538 310 511.7 573.4 557.3
Change - 1,654.55% 39.38% -42.38% - 12.05% -2.8%
Free Cash Flow (FCF) 1 896 309 33 325 742.2 766.2 899.8
Change - -65.51% -89.32% 884.85% - 3.24% 17.43%
Announcement Date 8/18/22 8/23/23 8/21/24 8/19/25 - - -
1AUD in Million
Estimates

Forecast Financial Ratios: Stockland

Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029

Profitability

        
EBITDA Margin (%) 27.54% 31.27% 28.04% 28.17% 33.83% 28.51% 29.5% 36.24%
EBIT Margin (%) 26.94% 30.66% 27.5% 27.6% 31.57% 27.62% 28.51% 34.77%
EBT Margin (%) 52.23% 18.34% 11.31% 28.14% 28.87% 25.72% 26.81% 32.29%
Net margin (%) 48.51% 15.6% 10.2% 26.38% 27.7% 25.12% 25.73% 32.59%
FCF margin (%) 31.47% 11% 1.1% 10.38% - 19.78% 19.8% 26.36%
FCF / Net Income (%) 64.88% 70.55% 10.82% 39.35% - 78.73% 76.95% 80.9%

Profitability

        
ROA 3.77% 2.36% 3.89% 4.16% - 4.79% 4.85% 4.98%
ROE 7.5% 4.27% 6.54% 7.22% - 8.24% 8.58% 8.69%

Financial Health

        
Leverage (Debt/EBITDA) 5.22x 4.14x 4.79x 5.14x - 4.04x 3.86x 3.62x
Debt / Free cash flow 4.57x 11.77x 121.55x 13.94x - 5.83x 5.75x 4.97x

Capital Intensity

        
CAPEX / Current Assets (%) 0.77% 13.75% 18% 9.9% - 13.64% 14.82% 16.33%
CAPEX / EBITDA (%) 2.81% 43.96% 64.2% 35.15% - 47.83% 50.23% 45.06%
CAPEX / FCF (%) 2.46% 124.92% 1,630.3% 95.38% - 68.95% 74.83% 61.94%

Items per share

        
Cash flow per share 1 0.3838 0.1383 0.0474 0.1361 - 0.3484 0.3543 0.4388
Change - -63.97% -65.73% 187.13% - - 1.7% 23.82%
Dividend per Share 1 0.266 0.262 0.246 0.252 - 0.2526 0.2603 0.2702
Change - -1.5% -6.11% 2.44% - - 3.05% 3.8%
Book Value Per Share 1 4.348 4.272 4.153 4.254 - 4.522 4.747 4.97
Change - -1.74% -2.78% 2.43% - - 4.96% 4.71%
EPS 1 0.577 0.183 0.127 0.343 0.41 0.387 0.4083 0.457
Change - -68.28% -30.6% 170.08% 19.53% -5.62% 5.5% 11.93%
Nbr of stocks (in thousands) 2,383,654 2,382,994 2,381,896 2,394,542 2,425,901 2,424,131 2,424,131 2,424,131
Announcement Date 8/18/22 8/23/23 8/21/24 8/19/25 8/18/26 - - -
1AUD
Estimates
2027 *2028 *
P/E 11.1x 10.6x
PBR 0.95x 0.91x
EV / Sales 3.94x 3.84x
Yield 5.86% 6.04%

EPS & Dividend



Y-o-Y evolution of P/E

 

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
4.310AUD
Average target price
5.208AUD
Spread / Average Target
+20.83%

Annual profits - Rate of surprise