Company Valuation: Stockland

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 8,605 9,603 9,933 12,835 9,898 10,206 - -
Change - 11.6% 3.43% 29.22% -22.88% 3.11% - -
Enterprise Value (EV) 1 12,699 13,239 13,944 17,367 13,997 14,518 14,582 14,642
Change - 4.26% 5.32% 24.55% -19.41% 3.72% 0.44% 0.41%
P/E 6.26x 22x 32.8x 15.6x 9.95x 10.9x 10.3x 9.25x
PBR 0.83x 0.94x 1x 1.26x 0.92x 0.93x 0.89x 0.85x
PEG - -0.3x -1.1x 0x 0.5x -1.94x 1.87x 0.8x
Capitalization / Revenue 3.02x 3.42x 3.32x 4.1x 2.76x 2.72x 2.64x 2.99x
EV / Revenue 4.46x 4.71x 4.66x 5.55x 3.9x 3.87x 3.77x 4.29x
EV / EBITDA 16.2x 15.1x 16.6x 19.7x 11.5x 13.6x 12.8x 11.9x
EV / EBIT 16.6x 15.4x 17x 20.1x 12.4x 14x 13.2x 12.3x
EV / FCF 14.2x 42.8x 423x 53.4x 21.4x 19.5x 19.2x 16.6x
FCF Yield 7.06% 2.33% 0.24% 1.87% 4.67% 5.12% 5.2% 6.04%
Dividend per Share 2 0.266 0.262 0.246 0.252 0.252 0.2526 0.2593 0.2692
Rate of return 7.37% 6.5% 5.9% 4.7% 6.18% 6% 6.16% 6.39%
EPS 2 0.577 0.183 0.127 0.343 0.41 0.387 0.4083 0.455
Distribution rate 46.1% 143% 194% 73.5% 61.5% 65.3% 63.5% 59.2%
Net sales 1 2,847 2,808 2,989 3,131 3,589 3,752 3,869 3,413
EBITDA 1 784 878 838 882 1,214 1,069 1,140 1,233
EBIT 1 767 861 822 864 1,133 1,036 1,103 1,187
Net income 1 1,381 438 305 826 994 941.8 992.7 1,106
Net Debt 1 4,094 3,636 4,011 4,532 4,099 4,312 4,377 4,437
Reference price 2 3.610 4.030 4.170 5.360 4.080 4.210 4.210 4.210
Nbr of stocks (in thousands) 2,383,654 2,382,994 2,381,896 2,394,542 2,425,901 2,424,131 - -
Announcement Date 18/8/22 23/8/23 21/8/24 19/8/25 18/8/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.88x3.87x13.58x6% 7.28B
14.33x4.63x12.44x3.54% 40.79B
18x3.97x15.96x1.36% 28.36B
7.97x1.43x7.89x4.44% 26.64B
5.77x0.77x1.62x8.62% 27.91B
13.83x3.09x14.76x2.53% 26.05B
10.56x2.14x9.09x3.98% 21.24B
7.98x0.88x3.22x2.8% 20.41B
13.17x6.42x16.88x1.65% 19.28B
37x13.59x33.76x3.2% 17.93B
Average 13.95x 4.08x 12.92x 3.81% 23.59B
Weighted average by Cap. 13.62x 3.82x 12.24x 3.74%

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

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