Company Valuation: Vicinity Centres

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,033 8,353 8,399 8,422 11,270 11,926 - -
Change - 18.77% 0.54% 0.27% 33.82% 5.81% - -
Enterprise Value (EV) 1 10,268 12,050 12,280 12,602 15,648 16,809 16,853 16,911
Change - 17.36% 1.9% 2.63% 24.17% 7.42% 0.26% 0.35%
P/E -27.2x 6.89x 33.4x 15.4x 11.2x 11.8x 14.3x 15.3x
PBR 0.71x 0.77x 0.79x 0.79x 1.01x 1x 0.95x 0.91x
PEG - -0x -0.4x 0x 0.1x -12.3x -0.8x -2.38x
Capitalization / Revenue 8.91x 9.77x 8.74x 8.88x 11.6x 12.1x 11.3x 10.6x
EV / Revenue 13x 14.1x 12.8x 13.3x 16.2x 17.1x 16x 15.1x
EV / EBITDA 14.6x 15.7x 14.2x 14.1x 17.7x 18.7x 17.7x 16.9x
EV / EBIT 14.6x 15.8x 14.2x 14.1x 17.7x 18.7x 17.6x 16.7x
EV / FCF 21.2x 36x 33.4x 35.7x 72.5x 29.2x 27.4x 25.9x
FCF Yield 4.73% 2.78% 2.99% 2.8% 1.38% 3.42% 3.65% 3.86%
Dividend per Share 2 0.1 0.104 0.12 0.1175 0.12 0.1232 0.1314 0.1389
Rate of return 6.47% 5.67% 6.5% 6.35% 4.86% 4.79% 5.11% 5.4%
EPS 2 -0.0567 0.2664 0.0553 0.1199 0.2199 0.2178 0.1794 0.1678
Distribution rate -176% 39% 217% 98% 54.6% 56.6% 73.2% 82.8%
Net sales 1 789.1 855.3 960.7 948.1 967.7 985.1 1,056 1,123
EBITDA 1 702.7 766.1 864 895.6 885.8 898.1 949.5 1,001
EBIT 1 702.7 760.6 864 895.6 881.6 898.9 957.4 1,010
Net income 1 -258 1,215 252.3 547.1 1,005 982.4 802.3 813.3
Net Debt 1 3,235 3,697 3,881 4,181 4,377 4,884 4,927 4,985
Reference price 2 1.545 1.835 1.845 1.850 2.470 2.570 2.570 2.570
Nbr of stocks (in thousands) 4,552,275 4,552,275 4,552,275 4,552,275 4,562,878 4,640,336 - -
Announcement Date 8/17/21 8/16/22 8/15/23 8/19/24 8/19/25 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.71x16.97x18.61x4.83% 8.31B
32.91x14.69x18.96x4.27% 68.53B
29.49x11.23x15.71x4.3% 16.44B
31.17x11.52x17.35x3.95% 14.04B
14.31x10.61x15.41x7% 11.85B
26.32x10.21x15x4.02% 9.48B
37.86x15.08x18.2x4.36% 8.78B
21.93x13.89x15.29x5.4% 8.56B
-138.45x11.77x17.48x2.91% 6.7B
11.02x7.76x10.25x8.85% 6.39B
Average 7.83x 12.37x 16.23x 4.99% 15.91B
Weighted average by Cap. 21.10x 13.18x 17.31x 4.66%

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
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