ARENA REIT |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.99 AUD | +0.50% |
|
+3.91% | +7.55% |
| Feb. 15 | Transcript : Arena REIT, H1 2024 Earnings Call, Feb 15, 2024 | |
| Feb. 14 | Arena REIT Reports Earnings Results for the Half Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 815.3 | 716.7 | 1,237 | 1,480 | 1,319 | 1,422 | - | - |
| Enterprise Value (EV) 1 | 994.7 | 854.4 | 1,469 | 1,781 | 1,643 | 1,785 | 1,836 | 1,898 |
| P/E ratio | 12.7 x | 8.66 x | 7.48 x | 4.43 x | 17.7 x | 22.3 x | 18.8 x | 20.6 x |
| Yield | 4.93% | 6.39% | 4.11% | 3.75% | 4.47% | 4.34% | 4.54% | 4.75% |
| Capitalization / Revenue | 16.5 x | 13.2 x | 20.7 x | 22.2 x | 17.8 x | 17.8 x | 16.4 x | 15.1 x |
| EV / Revenue | 20.2 x | 15.7 x | 24.6 x | 26.7 x | 22.2 x | 22.3 x | 21.1 x | 20.2 x |
| EV / EBITDA | 22.1 x | 17.2 x | 26.5 x | 28.9 x | 23.6 x | 23.9 x | 22.6 x | 21.6 x |
| EV / FCF | -30.8 x | -30.4 x | -40.7 x | -60.6 x | 75.9 x | 45.5 x | 45 x | 77 x |
| FCF Yield | -3.24% | -3.29% | -2.45% | -1.65% | 1.32% | 2.2% | 2.22% | 1.3% |
| Price to Book | 1.56 x | 1.19 x | 1.67 x | 1.27 x | 1.1 x | 1.22 x | 1.19 x | 1.12 x |
| Nbr of stocks (in thousands) | 297,537 | 327,278 | 343,644 | 346,678 | 350,705 | 356,270 | - | - |
| Reference price 2 | 2.740 | 2.190 | 3.600 | 4.270 | 3.760 | 3.990 | 3.990 | 3.990 |
| Announcement Date | 8/12/19 | 8/12/20 | 8/10/21 | 8/10/22 | 8/9/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 49.33 | 54.4 | 59.81 | 66.58 | 74.15 | 80.03 | 86.85 | 94.06 |
| EBITDA 1 | 45.03 | 49.58 | 55.36 | 61.55 | 69.51 | 74.76 | 81.16 | 87.92 |
| EBIT 1 | 45.03 | 49.58 | 55.36 | 61.55 | 69.51 | 74.71 | 80.89 | 88.04 |
| Operating Margin | 91.29% | 91.14% | 92.57% | 92.43% | 93.75% | 93.35% | 93.14% | 93.61% |
| Earnings before Tax (EBT) 1 | 37.69 | 43.84 | 51.94 | 56.33 | 59.65 | 62.8 | 66.1 | 70.21 |
| Net income 1 | 59.32 | 76.64 | 165.4 | 334.3 | 74.24 | 62.8 | 81.9 | 79.43 |
| Net margin | 120.26% | 140.88% | 276.55% | 502.05% | 100.12% | 78.47% | 94.31% | 84.44% |
| EPS 2 | 0.2159 | 0.2530 | 0.4816 | 0.9640 | 0.2120 | 0.1790 | 0.2125 | 0.1942 |
| Free Cash Flow 1 | -32.28 | -28.1 | -36.06 | -29.4 | 21.65 | 39.27 | 40.78 | 24.64 |
| FCF margin | -65.43% | -51.64% | -60.29% | -44.16% | 29.2% | 49.07% | 46.95% | 26.2% |
| FCF Conversion (EBITDA) | - | - | - | - | 31.14% | 52.53% | 50.24% | 28.03% |
| FCF Conversion (Net income) | - | - | - | - | 29.16% | 62.53% | 49.79% | 31.03% |
| Dividend per Share 2 | 0.1350 | 0.1400 | 0.1480 | 0.1600 | 0.1680 | 0.1732 | 0.1813 | 0.1896 |
| Announcement Date | 8/12/19 | 8/12/20 | 8/10/21 | 8/10/22 | 8/9/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 Q4 |
|---|---|---|---|---|---|---|---|
| Net sales | 26.74 | 27.66 | 28.49 | - | - | 27.84 | - |
| EBITDA | - | - | - | - | - | 31.87 | - |
| EBIT | - | - | - | 29.18 | 29.68 | 31.87 | - |
| Operating Margin | - | - | - | - | - | 114.46% | - |
| Earnings before Tax (EBT) | - | - | - | - | - | 28.84 | - |
| Net income | - | - | - | - | - | 148.5 | - |
| Net margin | - | - | - | - | - | 533.3% | - |
| EPS | - | - | - | - | - | 0.4271 | - |
| Dividend per Share 1 | - | - | - | - | - | 0.0810 | 0.0420 |
| Announcement Date | 2/12/20 | 8/12/20 | 2/11/21 | 8/10/21 | 2/10/22 | 8/10/22 | 8/9/23 |
1AUD
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 179 | 138 | 232 | 300 | 324 | 364 | 415 | 477 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.985 x | 2.776 x | 4.194 x | 4.88 x | 4.664 x | 4.865 x | 5.107 x | 5.423 x |
| Free Cash Flow 1 | -32.3 | -28.1 | -36.1 | -29.4 | 21.6 | 39.3 | 40.8 | 24.6 |
| ROE (net income / shareholders' equity) | 7.85% | 7.43% | 7.55% | 6.44% | 5.78% | 5.48% | 5.67% | 5.53% |
| ROA (Net income/ Total Assets) | 7.65% | 4.61% | 4.8% | 4.22% | 3.86% | 4.43% | 4.79% | 4.53% |
| Assets 1 | 775.8 | 1,663 | 3,448 | 7,923 | 1,921 | 1,417 | 1,711 | 1,755 |
| Book Value Per Share 2 | 1.750 | 1.840 | 2.160 | 3.370 | 3.420 | 3.280 | 3.350 | 3.550 |
| Cash Flow per Share 2 | 0.1300 | 0.1500 | 0.1500 | 0.1500 | 0.1700 | 0.1800 | 0.1800 | 0.1900 |
| Capex 1 | - | 75.9 | 87.5 | 87.5 | 38.2 | 55.1 | 63.1 | 70.1 |
| Capex / Sales | - | 139.51% | 146.28% | 131.41% | 51.53% | 68.87% | 72.67% | 74.48% |
| Announcement Date | 8/12/19 | 8/12/20 | 8/10/21 | 8/10/22 | 8/9/23 | - | - | - |
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
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
3.99
AUD
Average target price
3.889
AUD
Spread / Average Target
-2.54%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +7.55% | 959M | |
| -3.02% | 97.52B | |
| +0.18% | 76.37B | |
| +19.89% | 51.76B | |
| -9.98% | 44.81B | |
| -16.03% | 22.59B | |
| +13.00% | 12.03B | |
| +13.79% | 2.57B | |
| -0.51% | 2.5B | |
| -33.56% | 903M |
- Stock Market
- Equities
- ARF Stock
- Financials Arena REIT
