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 10,580 - -
Change - 0.54% 0.27% 33.82% 6.23% -11.63% - -
Enterprise Value (EV) 1 12,050 12,280 12,602 15,648 16,397 15,263 15,394 15,504
Change - 1.9% 2.63% 24.17% 4.79% -6.92% 0.86% 0.71%
P/E 6.89x 33.4x 15.4x 11.2x 8.56x 14.3x 12.6x 13.1x
PBR 0.77x 0.79x 0.79x 1.01x 0.98x 0.84x 0.81x 0.77x
PEG - -0.4x 0x 0.1x 0.2x -0.3x 1x -3.62x
Capitalization / Revenue 9.77x 8.74x 8.88x 11.6x 12.1x 10x 9.54x 8.98x
EV / Revenue 14.1x 12.8x 13.3x 16.2x 16.6x 14.5x 13.9x 13.2x
EV / EBITDA 15.7x 14.2x 14.1x 17.7x 18.1x 15.7x 15x 14.4x
EV / EBIT 15.8x 14.2x 14.1x 17.7x 18.2x 15.7x 15.3x 14.4x
EV / FCF 36x 33.4x 35.7x 72.5x 67.7x 37.5x 27.5x 24.5x
FCF Yield 2.78% 2.99% 2.8% 1.38% 1.48% 2.67% 3.64% 4.07%
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% 5.92% 6.15% 6.43%
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 1 766.1 864 895.6 885.8 904.2 972.6 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 2.280 2.280 2.280
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 16/8/22 15/8/23 19/8/24 19/8/25 19/8/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.26x14.41x15.65x5.95% 7.4B
32.23x14.06x17.86x4.4% 66.27B
26.71x10.6x14.37x4.8% 15.05B
29.5x11.2x16.41x4.14% 13.38B
14.83x10.85x15.75x6.77% 12.24B
24.14x9.69x14.36x4.42% 8.61B
35.54x14.69x17.75x4.73% 8.38B
20.04x13.22x14.51x5.91% 7.93B
-123.74x11.65x16.57x3.02% 6.43B
10.61x7.89x10.59x8.77% 6.43B
Average 8.41x 11.83x 15.38x 5.29% 15.21B
Weighted average by Cap. 20.75x 12.60x 16.37x 4.91%

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