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 24/2/21 20/3/22 24/2/23 22/2/24 20/2/25 19/2/26
1AUD in Million2AUD
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 81.51M
65.15x - - - 69.9B
12.5x4.38x11.24x3.85% 39.6B
18.33x4.01x16.12x1.34% 28.21B
5.68x0.75x1.56x8.71% 27.62B
14.35x3.14x15.02x2.44% 26.41B
8.02x1.47x8.22x4.41% 26.72B
10.23x2.01x7.74x4.1% 20.57B
8.43x2.96x6.93x-.--% 20.18B
13.05x6.39x16.81x1.67% 18.65B
Average 17.31x 3.14x 10.46x 3.32% 27.79B
Weighted average by Cap. 24.98x 3.12x 10.44x 3.5%

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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