Company Valuation: Vicinity Centres

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 8,353 8,399 8,422 11,270 11,972 10,905 - -
Change - 0.54% 0.27% 33.82% 6.23% -8.91% - -
Enterprise Value (EV) 1 12,050 12,280 12,602 15,648 16,397 15,588 15,719 15,829
Change - 1.9% 2.63% 24.17% 4.79% -4.93% 0.84% 0.7%
P/E 6.89x 33.4x 15.4x 11.2x 8.56x 14.8x 13x 13.5x
PBR 0.77x 0.79x 0.79x 1.01x 0.98x 0.87x 0.84x 0.8x
PEG - -0.4x 0x 0.1x 0.2x -0.3x 1x -3.73x
Capitalization / Revenue 9.77x 8.74x 8.88x 11.6x 12.1x 10.3x 9.83x 9.26x
EV / Revenue 14.1x 12.8x 13.3x 16.2x 16.6x 14.8x 14.2x 13.4x
EV / EBITDA 15.7x 14.2x 14.1x 17.7x 18.1x 16x 15.3x 14.7x
EV / EBIT 15.8x 14.2x 14.1x 17.7x 18.2x 16x 15.6x 14.7x
EV / FCF 36x 33.4x 35.7x 72.5x 67.7x 38.3x 28x 25.1x
FCF Yield 2.78% 2.99% 2.8% 1.38% 1.48% 2.61% 3.57% 3.99%
Dividend per Share 2 0.104 0.12 0.1175 0.12 0.124 0.135 0.1401 0.1466
Rate of return 5.67% 6.5% 6.35% 4.86% 4.81% 5.75% 5.96% 6.24%
EPS 2 0.2664 0.0553 0.1199 0.2199 0.3014 0.1592 0.1803 0.1738
Distribution rate 39% 217% 98% 54.6% 41.1% 84.8% 77.7% 84.4%
Net sales 1 855.3 960.7 948.1 967.7 987.6 1,056 1,109 1,178
EBITDA 1 766.1 864 895.6 885.8 904.2 972.5 1,025 1,078
EBIT 1 760.6 864 895.6 881.6 900.1 972.8 1,009 1,077
Net income 1 1,215 252.3 547.1 1,005 1,391 756.3 874.5 879.8
Net Debt 1 3,697 3,881 4,181 4,377 4,425 4,683 4,814 4,924
Reference price 2 1.835 1.845 1.850 2.470 2.580 2.350 2.350 2.350
Nbr of stocks (in thousands) 4,552,275 4,552,275 4,552,275 4,562,878 4,640,336 4,640,336 - -
Announcement Date 8/16/22 8/15/23 8/19/24 8/19/25 8/19/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.88x14.85x16.12x5.7% 7.61B
33.76x18.29x24.03x3.37% 121B
30.97x13.98x17.69x4.43% 65.81B
36.76x14.71x15.18x5.87% 52.4B
18.07x15.3x17.4x1.14% 37.31B
16.22x25.16x27.55x3.54% 16.56B
26.49x10.61x14.62x4.74% 15.21B
8.26x11.77x14.4x6.15% 14.51B
17.73x15.95x23.19x5.42% 13.77B
29.35x11.22x16.38x4.16% 13.35B
Average 23.25x 15.18x 18.66x 4.45% 35.72B
Weighted average by Cap. 28.70x 15.96x 19.76x 4.04%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Vicinity Centres

Historical PBR trend

Valuation ratios - PBR - Vicinity Centres

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Vicinity Centres

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Vicinity Centres


Year-on-year evolution of the Yield

Valuation ratios - Yield - Vicinity Centres
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