Company Valuation: DEXUS

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 11,476 9,551 8,389 6,953 7,133 6,406 - -
Change - -16.78% -12.16% -17.12% 2.59% -10.19% - -
Enterprise Value (EV) 1 16,381 14,418 13,611 11,809 11,790 11,150 11,270 11,274
Change - -11.99% -5.6% -13.24% -0.16% -5.43% 1.08% 0.04%
P/E 10.2x 5.99x -11.1x -4.4x 52.4x 8.52x 10x 11.7x
PBR 0.92x 0.7x 0.68x 0.68x 0.72x 0.64x 0.63x 0.61x
PEG - 0.1x 0x -0x -0x 0x -0.7x -0.8x
Capitalization / Revenue 11.3x 10.9x 9.89x 7.71x 7.5x 6.37x 6.61x 6.18x
EV / Revenue 16.1x 16.5x 16x 13.1x 12.4x 11.1x 11.6x 10.9x
EV / EBITDA 19x 15.5x 15.1x 13.5x 13x 14.4x 15.1x 14.2x
EV / EBIT 19.2x 15.8x 15.3x 13.7x 13.3x 13.8x 15x 13.9x
EV / FCF 23.7x 26x 24.8x 25.3x 16x 25.3x -89.1x 113x
FCF Yield 4.21% 3.85% 4.02% 3.95% 6.26% 3.96% -1.12% 0.89%
Dividend per Share 2 0.518 0.532 0.516 0.48 0.37 0.369 0.3499 0.3627
Rate of return 4.85% 5.99% 6.62% 7.41% 5.56% 6.16% 5.84% 6.05%
EPS 2 1.047 1.484 -0.7 -1.473 0.1268 0.7031 0.597 0.513
Distribution rate 49.5% 35.9% -73.7% -32.6% 292% 52.5% 58.6% 70.7%
Net sales 1 1,016 874.3 848.4 902.2 951.2 1,006 969.1 1,036
EBITDA 1 862.3 928.4 899.9 876.9 903.6 774.2 746.4 794.8
EBIT 1 853.2 914.6 891.5 863 885.5 810 752.6 808.8
Net income 1 525 1,583 -752.7 -1,584 136.1 693.2 542.9 554.4
Net Debt 1 4,905 4,867 5,222 4,856 4,657 4,743 4,864 4,868
Reference price 2 10.670 8.880 7.800 6.480 6.650 5.990 5.990 5.990
Nbr of stocks (in thousands) 1,075,565 1,075,565 1,075,565 1,073,020 1,072,665 1,069,489 - -
Announcement Date 16/8/21 16/8/22 15/8/23 19/8/24 19/8/25 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.52x11.08x14.4x6.16% 4.5B
34.58x7.53x13.6x4.07% 11.19B
26.66x17.15x27.49x3.69% 7.45B
24.19x16.41x27.45x4.2% 5.58B
339.03x8.23x12.97x4.08% 5.19B
204.89x8.06x13.96x5.6% 4.52B
37.9x12.19x15.92x6.42% 4.35B
26.66x8.68x16.37x3.37% 4.29B
8.31x19.86x23.75x5.85% 3.9B
-24.91x10.02x20.87x4.69% 3.75B
Average 68.58x 11.92x 18.68x 4.81% 5.47B
Weighted average by Cap. 66.94x 11.66x 18.56x 4.63%

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