BWP TRUST (BWP)
Share Price Analysis and Chart

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BWP - BWP TRUST

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Index: ASX200 | ASX300 | ALL-ORDS

BWP Trust is an Australian Real Estate Investment Trust with a portfolio of large commercial properties, the majority of which are Bunnings stores. It was listed in 1998.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.14

18 May
2022

0.050

OPEN

$4.13

1.22%

HIGH

$4.16

708,967

LOW

$4.10

TARGET
$3.79 -8.5% downside
Franking for last dividend paid out: 0%
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FNARENA'S MARKET CONSENSUS FORECASTS
BWP: 1
Title FY20
Actual
FY21
Actual
FY22
Forecast
FY23
Forecast
EPS (cps) xxx 41.0 18.0 xxx
DPS (cps) xxx 18.3 18.2 xxx
EPS Growth xxx 24.9% - 56.1% xxx
DPS Growth xxx 0.0% - 0.5% xxx
PE Ratio xxx N/A 22.9 xxx
Dividend Yield xxx N/A 4.4% xxx
Div Pay Ratio(%) xxx 44.6% 101.1% xxx

Dividend yield today if purchased 3 years ago: 4.97%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

4.44

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 29/06 - ex-div 9.27c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2022 FactSet UK Limited. All rights reserved
Title 201620172018201920202021
EPS Basic xxxxxxxxxxxxxxx41.0
DPS All xxxxxxxxxxxxxxx18.3
Sales/Revenue xxxxxxxxxxxxxxx152.2 M
Book Value Per Share xxxxxxxxxxxxxxx329.5
Net Operating Cash Flow xxxxxxxxxxxxxxx112.4 M
Net Profit Margin xxxxxxxxxxxxxxx172.86 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201620172018201920202021
Return on Capital Employed xxxxxxxxxxxxxxx12.88 %
Return on Invested Capital xxxxxxxxxxxxxxx10.64 %
Return on Assets xxxxxxxxxxxxxxx10.07 %
Return on Equity xxxxxxxxxxxxxxx12.88 %
Return on Total Capital xxxxxxxxxxxxxxx5.10 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-5.1 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

This is work in progress. Bear with us. It'll be amazing.

EXPERT VIEWS
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Sentiment Indicator

-0.7

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

10/02/2022

3

Hold

$4.20

(10/05/2022)

1.45%

BWP Trust's December-half distributable profit of $56.4m roughly met Ord Minnett's forecasts.

Management guided to flat FY22 distribution guidance, net tangible assets rose 14% as the portfolio value rose 11%, and the weighted average capitalisation rate increased 54 basis points to 5.11%, allowing the company to boast sector-low gearing at 15.5%.

Capital markets took a shine to Bunnings Warehouse, sharply raising the company's net tangible asset backing, and the broker notes this generates a headwind to earnings given management fees are tied to asset values.

Most metrics were respectable. Hold rating and $4.30 target price are retained.

This stock is not covered in-house by Ord Minnett. Instead, the broker whitelabels research by JP Morgan.

FORECAST
Ord Minnett forecasts a full year FY22 dividend of 18.00 cents and EPS of 18.00 cents.
Ord Minnett forecasts a full year FY23 dividend of 19.00 cents and EPS of 19.00 cents.

UBS

xx/xx/xxxx

0

xxxxxxxxx xx xxxxxxxx

xx.xx%

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BWP STOCK CHART