Company Valuation: Reef Casino Trust

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 68.48 77.69 75.7 80.18 72.21 87.65
Change - 13.45% -2.56% 5.92% -9.94% 21.38%
Enterprise Value (EV) 1 64.6 68.57 62.35 72.94 69.03 84.84
Change - 6.16% -9.07% 16.98% -5.36% 22.91%
P/E -328x 10.6x 8.42x 14.9x 14.2x 16.2x
PBR 7.78x 6.06x 5.32x 6.97x 6.36x 7.19x
PEG - -0x 0.4x -0.4x -2.66x 2.53x
Capitalization / Revenue 4.37x 2.89x 2.48x 3.05x 2.83x 3.28x
EV / Revenue 4.12x 2.55x 2.04x 2.77x 2.71x 3.17x
EV / EBITDA 7.42x 3.65x 2.86x 4.73x 4.76x 5.4x
EV / EBIT 12.8x 4.63x 3.45x 6.43x 6.72x 7.7x
EV / FCF 15.3x 10.8x 7.41x 232x -62.9x 40.7x
FCF Yield 6.54% 9.26% 13.5% 0.43% -1.59% 2.46%
Dividend per Share 2 0.0976 0.2958 0.3617 0.2169 0.2042 0.2173
Rate of return 3.55% 9.48% 11.9% 6.74% 7.04% 6.17%
EPS 2 -0.008393 0.2956 0.3612 0.2157 0.2042 0.2173
Distribution rate -1,163% 100% 100% 101% 100% 100%
Net sales 1 15.66 26.87 30.52 26.29 25.52 26.74
EBITDA 1 8.701 18.77 21.8 15.41 14.51 15.71
EBIT 1 5.048 14.82 18.07 11.34 10.27 11.01
Net income 1 -0.209 7.361 8.993 5.371 5.084 5.41
Net Debt 1 -3.879 -9.116 -13.34 -7.24 -3.185 -2.811
Reference price 2 2.750 3.120 3.040 3.220 2.900 3.520
Nbr of stocks (in thousands) 24,901 24,901 24,901 24,901 24,901 24,901
Announcement Date 2/24/21 A 3/20/22 A 2/24/23 A 2/22/24 A 2/20/25 A 2/19/26 A
1AUD in Million2AUD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 81.26M
63.94x - - - 68.62B
12.31x4.33x11.1x3.91% 38.98B
19.16x4.11x16.52x1.28% 29.75B
14.62x3.17x15.16x2.39% 27.15B
8.05x1.47x8.24x4.4% 26.82B
5.51x0.69x1.44x8.98% 26.81B
8.63x3.06x7.13x-.--% 20.44B
9.79x1.91x7.37x4.29% 19.69B
13.6x6.51x17.12x1.6% 19.62B
Average 17.29x 3.16x 10.51x 3.36% 27.8B
Weighted average by Cap. 24.59x 3.17x 10.62x 3.49%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Reef Casino Trust

Historical PBR trend

Valuation ratios - PBR - Reef Casino Trust

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Reef Casino Trust

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Reef Casino Trust

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