DEXUS INDUSTRIA REIT |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.89 AUD | -0.69% |
|
+1.05% | +3.96% |
| Feb. 07 | Dexus Industria REIT Swings to Net Loss in Fiscal H1 | MT |
| Feb. 07 | Transcript : Dexus Industria REIT, H1 2024 Earnings Call, Feb 07, 2024 |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 523.5 | 466.2 | 720.4 | 856.6 | 818.6 | 916.9 | - | - |
| Enterprise Value (EV) 1 | 751.6 | 730.9 | 1,100 | 1,365 | 1,189 | 1,246 | 1,296 | 1,349 |
| P/E ratio | 16.2 x | 8.2 x | 5.77 x | 5.06 x | 13.9 x | 17.8 x | 15.6 x | 15.7 x |
| Yield | 5.88% | 7.32% | 5.21% | 6.3% | 6.36% | 5.68% | 5.75% | 5.92% |
| Capitalization / Revenue | 10 x | 7.53 x | 10.7 x | 14.4 x | 10.9 x | 11.4 x | 10.8 x | 10.3 x |
| EV / Revenue | 14.4 x | 11.8 x | 16.3 x | 23 x | 15.8 x | 15.5 x | 15.3 x | 15.2 x |
| EV / EBITDA | 19.3 x | 16.5 x | 22.4 x | 22.3 x | 15.9 x | 18.6 x | 18.7 x | 17.9 x |
| EV / FCF | 25.6 x | 22.1 x | 31.5 x | 49.5 x | 21.6 x | 24.3 x | 24.4 x | 24.3 x |
| FCF Yield | 3.9% | 4.52% | 3.17% | 2.02% | 4.63% | 4.11% | 4.1% | 4.11% |
| Price to Book | 0.97 x | 0.84 x | 1.36 x | 0.95 x | 0.97 x | 0.86 x | 0.84 x | 0.83 x |
| Nbr of stocks (in thousands) | 181,153 | 197,526 | 217,001 | 317,270 | 317,270 | 317,270 | - | - |
| Reference price 2 | 2.890 | 2.360 | 3.320 | 2.700 | 2.580 | 2.890 | 2.890 | 2.890 |
| Announcement Date | 8/21/19 | 8/18/20 | 8/17/21 | 8/9/22 | 8/8/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Junio | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 52.15 | 61.88 | 67.39 | 59.44 | 75.08 | 80.35 | 84.63 | 88.9 |
| EBITDA 1 | 38.9 | 44.35 | 49.2 | 61.32 | 74.59 | 66.94 | 69.23 | 75.21 |
| EBIT 1 | 38.9 | 44.35 | 49.2 | 61.32 | 74.59 | 67.67 | 70.19 | 78.14 |
| Operating Margin | 74.58% | 71.67% | 73% | 103.17% | 99.36% | 84.21% | 82.94% | 87.89% |
| Earnings before Tax (EBT) 1 | 32.09 | 54.86 | 121.2 | - | 53.57 | 55.43 | 56.73 | 59.8 |
| Net income 1 | 20.42 | 51.45 | 106.2 | 154.8 | 54.38 | 48.43 | 59.9 | 63.1 |
| Net margin | 39.15% | 83.15% | 157.6% | 260.5% | 72.43% | 60.28% | 70.78% | 70.98% |
| EPS 2 | 0.1779 | 0.2879 | 0.5755 | 0.5335 | 0.1850 | 0.1627 | 0.1847 | 0.1840 |
| Free Cash Flow 1 | 29.34 | 33.05 | 34.89 | 27.6 | 55.09 | 51.2 | 53.1 | 55.5 |
| FCF margin | 56.27% | 53.41% | 51.77% | 46.43% | 73.38% | 63.72% | 62.75% | 62.43% |
| FCF Conversion (EBITDA) | 75.44% | 74.51% | 70.91% | 45.01% | 73.86% | 76.48% | 76.7% | 73.79% |
| FCF Conversion (Net income) | 143.73% | 64.23% | 32.85% | 17.83% | 101.31% | 105.71% | 88.65% | 87.96% |
| Dividend per Share 2 | 0.1700 | 0.1728 | 0.1730 | 0.1700 | 0.1640 | 0.1641 | 0.1662 | 0.1712 |
| Announcement Date | 8/21/19 | 8/18/20 | 8/17/21 | 8/9/22 | 8/8/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2020 S1 | 2021 S1 | 2021 S2 | 2023 S1 | 2023 S2 | 2024 S1 |
|---|---|---|---|---|---|---|
| Net sales 1 | 30.39 | - | 35.63 | - | 36.45 | 40.68 |
| EBITDA 1 | 21.79 | - | 25.78 | - | 42.44 | 35.83 |
| EBIT 1 | 21.79 | - | - | - | 42.44 | 35.83 |
| Operating Margin | 71.7% | - | - | - | 116.42% | 88.07% |
| Earnings before Tax (EBT) | - | - | - | - | - | - |
| Net income | - | 25.08 | - | -2.934 | - | - |
| Net margin | - | - | - | - | - | - |
| EPS | - | 0.1604 | - | -0.009200 | - | - |
| Dividend per Share 2 | 0.0875 | - | 0.0870 | - | 0.0820 | 0.0820 |
| Announcement Date | 2/19/20 | 2/16/21 | 8/17/21 | 2/7/23 | 8/8/23 | 2/6/24 |
1AUD in Million2AUD
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 228 | 265 | 379 | 509 | 371 | 329 | 379 | 432 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.862 x | 5.969 x | 7.711 x | 8.293 x | 4.967 x | 4.913 x | 5.475 x | 5.742 x |
| Free Cash Flow 1 | 29.3 | 33 | 34.9 | 27.6 | 55.1 | 51.2 | 53.1 | 55.5 |
| ROE (net income / shareholders' equity) | 6.79% | 9.82% | 8.75% | 7.48% | 6.24% | 5.03% | 5.19% | 5.33% |
| ROA (Net income/ Total Assets) | 4.49% | 6.45% | 4.19% | 3.79% | 3.32% | 4.3% | 4.25% | 4.73% |
| Assets 1 | 454.9 | 798.2 | 2,533 | 4,089 | 1,639 | 1,127 | 1,409 | 1,334 |
| Book Value Per Share 2 | 2.980 | 2.820 | 2.440 | 2.850 | 2.660 | 3.380 | 3.440 | 3.470 |
| Cash Flow per Share 2 | 0.2000 | 0.2000 | 0.2200 | 0.1600 | 0.2000 | 0.1700 | 0.1700 | 0.1700 |
| Capex 1 | 3.05 | 5.45 | 11 | 18.6 | 6.85 | 13.4 | 34.7 | 43.5 |
| Capex / Sales | 5.85% | 8.81% | 16.25% | 31.27% | 9.12% | 16.65% | 41% | 48.93% |
| Announcement Date | 8/21/19 | 8/18/20 | 8/17/21 | 8/9/22 | 8/8/23 | - | - | - |
1AUD in Million2AUD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
HOLD
Number of Analysts
7
Last Close Price
2.89
AUD
Average target price
2.936
AUD
Spread / Average Target
+1.59%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +3.96% | 598M | |
| -6.46% | 46.25B | |
| -8.31% | 20.33B | |
| -3.56% | 13.07B | |
| +16.05% | 11.53B | |
| -4.85% | 9.68B | |
| -0.83% | 8.48B | |
| -14.19% | 8.38B | |
| +1.38% | 7.63B | |
| -18.42% | 5.53B |
- Stock Market
- Equities
- DXI Stock
- Financials Dexus Industria REIT
