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 11,694 - -
Change - 0.54% 0.27% 33.82% 6.23% -2.33% - -
Enterprise Value (EV) 1 12,050 12,280 12,602 15,648 11,972 16,376 16,508 16,617
Change - 1.9% 2.63% 24.17% -23.49% 36.79% 0.8% 0.66%
P/E 6.89x 33.4x 15.4x 11.2x 8.56x 14.6x 13.1x 14.5x
PBR 0.77x 0.79x 0.79x 1.01x - 0.93x 0.9x 0.85x
PEG - -0.4x 0x 0.1x 0.2x -0.3x 1.2x -1.5x
Capitalization / Revenue 9.77x 8.74x 8.88x 11.6x 12.1x 11.1x 10.5x 9.93x
EV / Revenue 14.1x 12.8x 13.3x 16.2x 12.1x 15.5x 14.9x 14.1x
EV / EBITDA 15.7x 14.2x 14.1x 17.7x 13.2x 17x 16.3x 15.6x
EV / EBIT 15.8x 14.2x 14.1x 17.7x 13.3x 17x 16.5x 15.7x
EV / FCF 36x 33.4x 35.7x 72.5x - 40.2x 32.5x 27.9x
FCF Yield 2.78% 2.99% 2.8% 1.38% - 2.49% 3.07% 3.58%
Dividend per Share 2 0.104 0.12 0.1175 0.12 - 0.135 0.1401 0.1468
Rate of return 5.67% 6.5% 6.35% 4.86% - 5.36% 5.56% 5.83%
EPS 2 0.2664 0.0553 0.1199 0.2199 0.3014 0.1731 0.1923 0.1738
Distribution rate 39% 217% 98% 54.6% - 78% 72.9% 84.5%
Net sales 1 855.3 960.7 948.1 967.7 987.6 1,056 1,109 1,178
EBITDA 1 766.1 864 895.6 885.8 904.2 962.8 1,013 1,062
EBIT 1 760.6 864 895.6 881.6 900.1 964.1 1,000 1,061
Net income 1 1,215 252.3 547.1 1,005 1,391 797.8 861.1 863.1
Net Debt 1 3,697 3,881 4,181 4,377 - 4,683 4,814 4,923
Reference price 2 1.835 1.845 1.850 2.470 2.580 2.520 2.520 2.520
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.($)
14.56x15.51x17.01x5.36% 8.37B
34.39x14.82x19.19x4.12% 70.86B
28.47x11.11x15.16x4.47% 16.14B
30.86x11.64x16.94x3.96% 14.02B
15.71x11.26x16.38x6.38% 12.98B
39.46x15.65x18.9x4.3% 9.23B
25.24x9.95x14.8x4.21% 9.05B
22.25x14.22x15.61x5.29% 8.85B
-138.63x12.07x16.36x2.82% 6.89B
10.2x7.76x10.66x8.86% 6.77B
Average 8.25x 12.40x 16.10x 4.98% 16.32B
Weighted average by Cap. 21.81x 13.27x 17.33x 4.6%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. VCX Stock
  4. Valuation Vicinity Centres