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

$3.47

27 Sep
2023

-0.010

OPEN

$3.47

-0.29%

HIGH

$3.50

581,056

LOW

$3.46

TARGET
$3.59 3.5% 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% - 0.4% xxx
PE Ratio xxx N/A 19.0 xxx
Dividend Yield xxx N/A 5.3% xxx
Div Pay Ratio(%) xxx 320.3% 101.4% xxx

Dividend yield today if purchased 3 years ago: 4.43%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.36

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

Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

03/08/2023

5

Underweight

$3.75

8.07%

BWP Trust reported FY23 profit and distributions in line with estimates. Guidance is for a similar outcome in FY24. Cash coverage of the distribution of 18.29c was around 97% and not a major problem in Morgan Stanley's opinion.

Like-for-like rental growth was "good", the broker asserts, at 5%, thanks to an uplift in CPI-link legacy leases. Almost 50% of leases expire over the next three years and the broker suspects Bunnings could leave a significant number of sites.

Underweight rating and $3.75 target price retained. Industry view: In-line.

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 18.30 cents and EPS of 17.90 cents.
Morgan Stanley forecasts a full year FY25 dividend of 18.30 cents and EPS of 18.50 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

BWP STOCK CHART

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Latest REITs News

1
ESG Focus: The Little Big Things – 27-09-2023

Sep 27 2023 - ESG Focus
2
Australian Listed Real Estate Tables – 25-09-2023

Sep 25 2023 - Weekly Reports
3
Australian Listed Real Estate Tables – 18-09-2023

Sep 18 2023 - Weekly Reports
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Australian Listed Real Estate Tables – 11-09-2023

Sep 11 2023 - Weekly Reports
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Sep 04 2023 - Weekly Reports
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Australian Listed Real Estate Tables – 28-08-2023

Aug 28 2023 - Weekly Reports
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Australian Listed Real Estate Tables – 22-08-2023

Aug 22 2023 - Weekly Reports
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Australian Listed Real Estate Tables – 14-08-2023

Aug 14 2023 - Weekly Reports
9
Australian Listed Real Estate Tables – 07-08-2023

Aug 07 2023 - Weekly Reports
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Jul 31 2023 - Weekly Reports