Company Valuation: Waypoint REIT

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,023 1,847 1,639 1,565 1,664 1,423 - -
Change - -8.69% -11.27% -4.53% 6.36% -14.5% - -
Enterprise Value (EV) 1 2,934 2,718 2,519 2,468 2,583 2,323 2,322 2,322
Change - -7.36% -7.33% -2.02% 4.67% -10.05% -0.05% -0%
P/E 4.95x 14.6x -20.7x 11.9x 8.46x 11.5x 9.64x 9.08x
PBR 0.96x 0.91x 0.89x 0.84x 0.88x 0.74x 0.71x 0.69x
PEG - -0.2x 0x -0x 0.2x -0.3x 0.5x 1.49x
Capitalization / Revenue 11.3x 11.7x 10.4x 9.64x 10.1x 8.47x 8.26x 8.03x
EV / Revenue 16.4x 17.2x 16x 15.2x 15.6x 13.8x 13.5x 13.1x
EV / EBITDA 19.1x 18.4x 17.1x 16.2x 16.6x 14.7x 14.3x 13.9x
EV / EBIT 19.1x 18.4x 17.1x 16.2x 16.6x 14.7x 14.3x 13.9x
EV / FCF 24.2x 23.4x 23.1x 22.3x 23.3x 20.8x 20.5x 20.2x
FCF Yield 4.13% 4.28% 4.33% 4.48% 4.29% 4.8% 4.87% 4.96%
Dividend per Share 2 0.1597 0.166 0.1648 0.1648 0.1664 0.1707 0.1746 0.1771
Rate of return 5.64% 6.04% 6.75% 7.07% 6.53% 7.83% 8.01% 8.13%
EPS 2 0.5716 0.1887 -0.1177 0.1955 0.3015 0.1895 0.2262 0.24
Distribution rate 27.9% 88% -140% 84.3% 55.2% 90.1% 77.2% 73.8%
Net sales 1 178.4 157.6 157.5 162.3 165.5 168 172.2 177.2
EBITDA 1 153.3 147.4 147.6 152.6 155.2 158.1 162.3 167
EBIT 1 153.3 147.4 147.6 152.6 155.2 158.2 162.6 167.3
Net income 1 443.6 133.8 -79.1 131.5 200.1 125.9 145.5 155.5
Net Debt 1 910.5 870.5 879.4 902.7 918.4 900 898.9 898.9
Reference price 2 2.830 2.750 2.440 2.330 2.550 2.180 2.180 2.180
Nbr of stocks (in thousands) 714,944 671,817 671,817 671,666 652,741 652,833 - -
Announcement Date 2/27/22 2/26/23 2/25/24 2/26/25 2/25/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.66x13.95x14.82x7.73% 1.02B
32.12x14.02x17.82x4.41% 66.06B
26.44x10.53x14.28x4.84% 14.9B
29.3x11.15x16.2x4.17% 13.29B
15.1x10.97x15.94x6.65% 12.47B
23.77x9.55x14.21x4.49% 8.48B
35.35x14.63x17.68x4.76% 8.34B
20.06x13.23x14.52x5.91% 7.93B
14.44x14.54x15.79x5.87% 7.52B
10.5x7.86x10.54x8.85% 6.45B
Average 21.87x 12.04x 15.18x 5.77% 14.64B
Weighted average by Cap. 26.88x 12.63x 16.31x 5.02%

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

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