Financials Digital Core REIT

Equities

DCRU

SGXC50067435

Specialized REITs

Market Closed - Singapore S.E. Other stock markets 05:04:58 2024-05-10 am EDT			5-day change	1st Jan Change
0.615 ^USD	-0.81%		0.00%	-4.65%

Apr. 25	Digital Core REIT Books Lower Distributable Income in Q1	MT
Apr. 24	Digital Core REIT Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	1,305	616.5	724.9	804.6	-	-
Enterprise Value (EV) ¹	1,305	1,086	1,268	1,344	1,348	804.6
P/E ratio	-	-458 x	-6.68 x	23.1 x	22.5 x	42.4 x
Yield	-	7.24%	5.74%	5.58%	5.87%	4.03%
Capitalization / Revenue	12.4 x	5.72 x	7.07 x	8.37 x	8.49 x	13.8 x
EV / Revenue	12.4 x	10.1 x	12.4 x	14 x	14.2 x	13.8 x
EV / EBITDA	26.3 x	-	-	23.4 x	23.8 x	23.3 x
EV / FCF	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-
Price to Book	-	0.66 x	0.93 x	0.91 x	0.81 x	-
Nbr of stocks (in thousands)	1,125,357	1,120,892	1,123,853	1,308,252	-	-
Reference price ²	1.160	0.5500	0.6450	0.6150	0.6150	0.6150
Announcement Date	4/5/22	2/2/23	2/1/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	105	107.7	102.6	96.09	94.78	58.51
EBITDA ¹	49.6	-	-	57.46	56.73	34.52
EBIT ¹	49.6	55.83	51.51	55.47	55.16	34.52
Operating Margin	47.24%	51.83%	50.21%	57.73%	58.19%	59%
Earnings before Tax (EBT) ¹	-	16.28	12.82	39.72	40.84	21.35
Net income ¹	-	-1.294	-108.6	31.34	32.5	19.3
Net margin	-	-1.2%	-105.84%	32.62%	34.29%	32.98%
EPS ²	-	-0.001200	-0.0966	0.0267	0.0273	0.0145
Free Cash Flow	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-
Dividend per Share ²	-	0.0398	0.0370	0.0343	0.0361	0.0248
Announcement Date	4/5/22	2/2/23	2/1/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q3	2022 S1	2022 Q3	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2
Net sales	-	-	-	54.89	53.39	49.2	48.38	48.24
EBITDA	-	-	-	-	-	-	30.36	30.12
EBIT	-	-	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	19.88	18.48
Net income ¹	29.54	22.32	6.225	-	-	-	16.11	14.97
Net margin	-	-	-	-	-	-	33.29%	31.02%
EPS	-	0.0198	-	-	-	-	-	-
Dividend per Share	-	-	-	0.0192	-	0.0178	0.0178	0.0172
Announcement Date	11/29/21	7/28/22	10/26/22	2/2/23	7/27/23	2/1/24	-	-

¹USD in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	470	543	539	543	-
Net Cash position ¹	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	9.381 x	9.572 x	-
Free Cash Flow	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	-	3.55%	4.2%	4.66%	3.6%
ROA (Net income/ Total Assets)	-	-	1.96%	2.4%	2.25%	1.25%
Assets ¹	-	-	-5,536	1,306	1,444	1,544
Book Value Per Share ²	-	0.8300	0.6900	0.6800	0.7600	-
Cash Flow per Share	-	0.0700	0.0500	-	-	-
Capex ¹	-	-	6.95	7	6.33	4
Capex / Sales	-	-	6.78%	7.28%	6.68%	6.84%
Announcement Date	4/5/22	2/2/23	2/1/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Digital Core REIT

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.615 USD

Average target price

0.698 USD

Spread / Average Target

+13.50%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

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