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 12,158 - -
Change - 18.77% 0.54% 0.27% 33.82% 7.87% - -
Enterprise Value (EV) 1 10,268 12,050 12,280 12,602 15,648 16,888 17,031 17,265
Change - 17.36% 1.9% 2.63% 24.17% 7.92% 0.85% 1.37%
P/E -27.2x 6.89x 33.4x 15.4x 11.2x 12.1x 14.6x 15.7x
PBR 0.71x 0.77x 0.79x 0.79x 1.01x 1.03x 0.98x 0.93x
PEG - -0x -0.4x 0x 0.1x -9.78x -0.8x -2.16x
Capitalization / Revenue 8.91x 9.77x 8.74x 8.88x 11.6x 12.3x 11.5x 10.8x
EV / Revenue 13x 14.1x 12.8x 13.3x 16.2x 17.1x 16.1x 15.3x
EV / EBITDA 14.6x 15.7x 14.2x 14.1x 17.7x 18.8x 17.8x 17.1x
EV / EBIT 14.6x 15.8x 14.2x 14.1x 17.7x 18.8x 17.7x 17x
EV / FCF 21.2x 36x 33.4x 35.7x 72.5x 27.1x 26.5x 26.4x
FCF Yield 4.73% 2.78% 2.99% 2.8% 1.38% 3.7% 3.77% 3.79%
Dividend per Share 2 0.1 0.104 0.12 0.1175 0.12 0.1233 0.1313 0.1389
Rate of return 6.47% 5.67% 6.5% 6.35% 4.86% 4.71% 5.01% 5.3%
EPS 2 -0.0567 0.2664 0.0553 0.1199 0.2199 0.2172 0.1796 0.1666
Distribution rate -176% 39% 217% 98% 54.6% 56.8% 73.1% 83.4%
Net sales 1 789.1 855.3 960.7 948.1 967.7 985.1 1,060 1,128
EBITDA 1 702.7 766.1 864 895.6 885.8 895.9 954.9 1,008
EBIT 1 702.7 760.6 864 895.6 881.6 899 963.3 1,018
Net income 1 -258 1,215 252.3 547.1 1,005 980 805.3 815
Net Debt 1 3,235 3,697 3,881 4,181 4,377 4,730 4,873 5,107
Reference price 2 1.545 1.835 1.845 1.850 2.470 2.620 2.620 2.620
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 A 8/16/22 A 8/15/23 A 8/19/24 A 8/19/25 A - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.06x17.14x18.85x4.71% 8.49B
35.81x15.46x19.88x3.95% 74.17B
31.71x11.75x16.52x4.02% 17.62B
33.5x12.23x18.28x3.68% 15.1B
15.7x11.26x16.35x6.38% 12.99B
27.72x10.55x15.55x3.81% 9.99B
41.75x16.31x19.57x3.93% 9.73B
24.2x14.78x16.26x4.9% 9.43B
-183.83x12.64x19.48x2.65% 7.71B
11.78x7.95x10.51x8.32% 6.82B
Average 5.04x 13.01x 17.12x 4.63% 17.2B
Weighted average by Cap. 20.93x 13.87x 18.22x 4.31%

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