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
Debt/EBITDA: 3.58
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

$3.43

30 Nov
2023

0.020

OPEN

$3.42

0.59%

HIGH

$3.45

1,240,645

LOW

$3.39

TARGET
$3.515 2.5% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . ASK . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DXC . DXI . DXS . ECF . GDF . GDI . HCW . HDN . NPR . NSR . PLG . REP . RFF . RGN . SCG . TGP . URW . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
BWP: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 5.7 18.0 xxx
DPS (cps) xxx 18.3 18.2 xxx
EPS Growth xxx - 92.5% 100.0% xxx
DPS Growth xxx 0.0% - 0.5% xxx
PE Ratio xxx N/A 19.2 xxx
Dividend Yield xxx N/A 5.3% xxx
Div Pay Ratio(%) xxx 320.3% 101.1% xxx

Dividend yield today if purchased 3 years ago: 4.24%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.30

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 © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx5.7
DPS All xxxxxxxxxxxxxxx18.3
Sales/Revenue xxxxxxxxxxxxxxx158.2 M
Book Value Per Share xxxxxxxxxxxxxxx374.5
Net Operating Cash Flow xxxxxxxxxxxxxxx119.8 M
Net Profit Margin xxxxxxxxxxxxxxx23.20 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx1.50 %
Return on Invested Capital xxxxxxxxxxxxxxx1.26 %
Return on Assets xxxxxxxxxxxxxxx1.23 %
Return on Equity xxxxxxxxxxxxxxx1.50 %
Return on Total Capital xxxxxxxxxxxxxxx4.48 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx2.3 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx-
Long Term Debt xxxxxxxxxxxxxxx466 M
Total Debt xxxxxxxxxxxxxxx466 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx17 M
Price To Book Value xxxxxxxxxxxxxxx0.97

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx-
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx27 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx2,937 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

-0.8

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

Morgan Stanley

11/10/2023

5

Underweight

$3.45

0.58%

While Morgans Stanley makes no fundamental adjustments (such as rent growth, and therefore EPS/FFO) to its 22 Australian Property stocks under coverage, all target prices/valuations are reduced.

Assuming bond yields stay where they are and spreads revert to the long-term average, the analysts believe there is material downside of -17-33% to asset valuations for stocks under Morgan Stanley's coverage.

At current book values, explains the broker, the spread between each REIT's cap rate and the Australian 10-year bond yield is much tighter now than the typical spread over the last 15-20 years. A higher risk-free rate assumption of 5% is adopted, up from 4%.

The target for BWP Trust falls to $3.45 from $3.80. Underweight. Industry view: In-Line. 

This summary relates to research released yesterday by Morgan Stanley.

UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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BWP STOCK CHART

FNArena News on BWP

1
Rudi’s View: Quality In Stocks; What Is It Good For?

Nov 22 2023 - Rudi's View
2
In Brief: House Prices, REITs, Commodities & Superannuation 

Nov 17 2023 - Weekly Reports
3
Rudi’s View: Helia, Hub24, Judo, QBE, ResMed, Santos, Telstra & Xero

Aug 09 2023 - Rudi's View
4
Australian Broker Call *Extra* Edition – Aug 04, 2023

Aug 04 2023 - Daily Market Reports
5
FNArena Corporate Results Monitor – 04-08-2023

Aug 04 2023 - Australia

Latest REITs News

1
Australian Listed Real Estate Tables – 27-11-2023

Nov 27 2023 - Weekly Reports
2
Australian Listed Real Estate Tables – 20-11-2023

Nov 20 2023 - Weekly Reports
3
Australian Listed Real Estate Tables – 13-11-2023

Nov 13 2023 - Weekly Reports
4
SMSFundamentals: A Comprehensive Guide To Australian REIT Investing

Nov 08 2023 - SMSFundamentals
5
Australian Listed Real Estate Tables – 08-11-2023

Nov 08 2023 - Weekly Reports
6
Australian Listed Real Estate Tables – 30-10-2023

Oct 30 2023 - Weekly Reports
7
Australian Listed Real Estate Tables – 23-10-2023

Oct 23 2023 - Weekly Reports
8
Australian Listed Real Estate Tables – 16-10-2023

Oct 16 2023 - Weekly Reports
9
Australian Listed Real Estate Tables – 10-10-2023

Oct 10 2023 - Weekly Reports
10
Australian Listed Real Estate Tables – 03-10-2023

Oct 03 2023 - Weekly Reports