HOMECO DAILY NEEDS REIT |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.265 AUD | +2.02% |
|
+5.42% | +3.69% |
| Jun. 28 | Ingenia Communities Group Announces an Update on the Process of Board Renewal | CI |
| Jun. 27 | Rising Rate Hike Worries Tamp Down Australian Shares | MT |
Valuation
| Fiscal Period: June | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 962.5 | 2,647 | 2,437 | 2,631 | - | - |
| Enterprise Value (EV) 1 | 1,139 | 4,225 | 4,053 | 4,277 | 4,369 | 4,454 |
| P/E ratio | 22.3 x | 4.56 x | 23.8 x | 16.3 x | 11.5 x | 11.5 x |
| Yield | 3.19% | 6.47% | 7.06% | 6.5% | 6.68% | 6.83% |
| Capitalization / Revenue | 21.3 x | 13.3 x | 7.02 x | 9.44 x | 8.91 x | 8.44 x |
| EV / Revenue | 25.2 x | 21.3 x | 11.7 x | 15.3 x | 14.8 x | 14.3 x |
| EV / EBITDA | 52.7 x | 33.6 x | 17.5 x | 17.3 x | 16.8 x | 16.1 x |
| EV / FCF | 49.7 x | -5.55 x | 33.7 x | 24.9 x | 25 x | 24.9 x |
| FCF Yield | 2.01% | -18% | 2.97% | 4.02% | 4% | 4.02% |
| Price to Book | 0.98 x | 0.84 x | 0.79 x | 0.89 x | 0.85 x | 0.81 x |
| Nbr of stocks (in thousands) | 721,911 | 2,067,717 | 2,074,368 | 2,080,211 | - | - |
| Reference price 2 | 1.333 | 1.280 | 1.175 | 1.265 | 1.265 | 1.265 |
| Announcement Date | 8/18/21 | 8/17/22 | 8/16/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net sales 1 | 45.2 | 198.7 | 347.3 | 278.8 | 295.3 | 311.8 |
| EBITDA 1 | 21.6 | 125.6 | 231.2 | 247.1 | 260.2 | 276.4 |
| EBIT 1 | 21.6 | 125.6 | 231.2 | 247.1 | 260.2 | 276.4 |
| Operating Margin | 47.79% | 63.21% | 66.57% | 88.63% | 88.09% | 88.66% |
| Earnings before Tax (EBT) 1 | 31.3 | 335.1 | 102.2 | 179.6 | 182.3 | 184.6 |
| Net income 1 | 31.3 | 335.1 | 102.2 | 182.3 | 186.1 | 188 |
| Net margin | 69.25% | 168.65% | 29.43% | 65.37% | 63.01% | 60.31% |
| EPS 2 | 0.0597 | 0.2807 | 0.0494 | 0.0776 | 0.1101 | 0.1101 |
| Free Cash Flow 1 | 22.9 | -761.2 | 120.2 | 172 | 175 | 179.1 |
| FCF margin | 50.66% | -383.09% | 34.61% | 61.67% | 59.24% | 57.45% |
| FCF Conversion (EBITDA) | 106.02% | - | 51.99% | 69.58% | 67.25% | 64.8% |
| FCF Conversion (Net income) | 73.16% | - | 117.61% | 94.34% | 94.02% | 95.26% |
| Dividend per Share 2 | 0.0425 | 0.0828 | 0.0830 | 0.0822 | 0.0845 | 0.0864 |
| Announcement Date | 8/18/21 | 8/17/22 | 8/16/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales | 6.8 | 38.4 | - | - | - | 180.8 | 178.7 | - | - |
| EBITDA | - | 23.1 | - | - | - | 117.4 | 26.1 | - | - |
| EBIT | - | 23.1 | 130.8 | 98.5 | 122.4 | 117.4 | 26.1 | - | - |
| Operating Margin | - | 60.16% | - | - | - | 64.93% | 14.61% | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - |
| Net income 1 | - | - | 120.6 | 214.5 | 95.4 | 6.8 | -10.7 | 88 | 89 |
| Net margin | - | - | - | - | - | 3.76% | -5.99% | - | - |
| EPS 2 | - | - | 0.1574 | 0.1233 | 0.0461 | 0.003300 | -0.005200 | 0.0400 | 0.0400 |
| Dividend per Share 2 | - | 0.0182 | 0.0408 | 0.0420 | 0.0415 | 0.0415 | 0.0420 | 0.0400 | 0.0400 |
| Announcement Date | 2/16/21 | 8/18/21 | 2/22/22 | 8/17/22 | 2/19/23 | 8/16/23 | 2/15/24 | - | - |
1AUD in Million2AUD
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 176 | 1,578 | 1,616 | 1,646 | 1,737 | 1,823 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 8.162 x | 12.57 x | 6.99 x | 6.66 x | 6.678 x | 6.594 x |
| Free Cash Flow 1 | 22.9 | -761 | 120 | 172 | 175 | 179 |
| ROE (net income / shareholders' equity) | 2.71% | 5.39% | 3.29% | 5.9% | 6.06% | 5.98% |
| ROA (Net income/ Total Assets) | 1.78% | 3.52% | 2.11% | 3.83% | 3.81% | 3.73% |
| Assets 1 | 1,758 | 9,532 | 4,841 | 4,756 | 4,881 | 5,045 |
| Book Value Per Share 2 | 1.360 | 1.520 | 1.480 | 1.430 | 1.490 | 1.570 |
| Cash Flow per Share 2 | 0.0400 | 0.1200 | 0.0800 | 0.0900 | 0.0900 | 0.0900 |
| Capex 1 | - | - | 42.2 | 119 | 106 | 89.1 |
| Capex / Sales | - | - | 12.15% | 42.73% | 35.76% | 28.57% |
| Announcement Date | 8/18/21 | 8/17/22 | 8/16/23 | - | - | - |
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
D-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
1.265
AUD
Average target price
1.349
AUD
Spread / Average Target
+6.61%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +3.69% | 1.73B | |
| +8.72% | 49.38B | |
| +1.29% | 14.28B | |
| -1.07% | 12.01B | |
| -25.31% | 10.63B | |
| +7.03% | 8.35B | |
| +5.89% | 7.35B | |
| +6.34% | 6.59B | |
| +0.49% | 6.15B | |
| +4.27% | 5.2B |
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