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 11,183 - -
Change - 0.54% 0.27% 33.82% 6.23% -6.59% - -
Enterprise Value (EV) 1 12,050 12,280 12,602 15,648 16,397 15,866 15,997 16,107
Change - 1.9% 2.63% 24.17% 4.79% -3.24% 0.83% 0.69%
P/E 6.89x 33.4x 15.4x 11.2x 8.56x 15.1x 13.4x 13.9x
PBR 0.77x 0.79x 0.79x 1.01x 0.98x 0.89x 0.86x 0.82x
PEG - -0.4x 0x 0.1x 0.2x -0.3x 1x -3.84x
Capitalization / Revenue 9.77x 8.74x 8.88x 11.6x 12.1x 10.6x 10.1x 9.49x
EV / Revenue 14.1x 12.8x 13.3x 16.2x 16.6x 15x 14.4x 13.7x
EV / EBITDA 15.7x 14.2x 14.1x 17.7x 18.1x 16.3x 15.6x 14.9x
EV / EBIT 15.8x 14.2x 14.1x 17.7x 18.2x 16.3x 15.9x 15x
EV / FCF 36x 33.4x 35.7x 72.5x 67.7x 39x 28.5x 25.5x
FCF Yield 2.78% 2.99% 2.8% 1.38% 1.48% 2.57% 3.5% 3.92%
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% 5.6% 5.81% 6.08%
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 2.410 2.410 2.410
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 A 8/15/23 A 8/19/24 A 8/19/25 A 8/19/26 A - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.14x15.03x16.31x5.6% 7.87B
33.66x18.02x22.62x3.38% 120B
32.31x14.4x18.49x4.26% 68.47B
37.74x14.89x15.4x5.74% 53.66B
17.31x14.68x16.7x1.19% 36.34B
13.94x24.77x27.13x3.6% 16.44B
27.48x10.91x15.01x4.54% 15.84B
8.15x11.77x14.43x6.12% 14.58B
18.37x16.31x23.7x5.24% 14.31B
29.68x11.28x16.51x4.11% 13.52B
Average 23.38x 15.21x 18.63x 4.38% 36.12B
Weighted average by Cap. 29.01x 15.89x 19.39x 4%

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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