ELANOR COMMERCIAL PROPERTY FUND (ECF)
Share Price Analysis and Chart

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ECF - ELANOR COMMERCIAL PROPERTY FUND

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: N/A
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.75

07 Dec
2023

0.025

OPEN

$0.72

3.45%

HIGH

$0.76

412,891

LOW

$0.72

TARGET
$0.83 10.7% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . ASK . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DXC . DXI . DXS . GDF . GDI . HCW . HDN . NPR . NSR . PLG . REP . RFF . RGN . SCG . TGP . URW . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
ECF: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx - 10.2 10.2 xxx
DPS (cps) xxx 9.4 8.5 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx 0.0% - 9.6% xxx
PE Ratio xxx N/A 7.5 xxx
Dividend Yield xxx N/A 11.1% xxx
Div Pay Ratio(%) xxx N/A 83.3% xxx

Dividend yield today if purchased 3 years ago: 8.70%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 12.29

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 2.35c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-10.2
DPS All xxxxxxxxxxxxxxx9.4
Sales/Revenue xxxxxxxxxxxxxxx50.6 M
Book Value Per Share xxxxxxxxxxxxxxx100.4
Net Operating Cash Flow xxxxxxxxxxxxxxx32.7 M
Net Profit Margin xxxxxxxxxxxxxxx-63.55 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-9.23 %
Return on Invested Capital xxxxxxxxxxxxxxx-6.49 %
Return on Assets xxxxxxxxxxxxxxx-5.82 %
Return on Equity xxxxxxxxxxxxxxx-9.23 %
Return on Total Capital xxxxxxxxxxxxxxx5.85 %
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

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx80 M
Long Term Debt xxxxxxxxxxxxxxx109 M
Total Debt xxxxxxxxxxxxxxx189 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx8 M
Price To Book Value xxxxxxxxxxxxxxx0.87

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx8.1 M
Capex % of Sales xxxxxxxxxxxxxxx15.94 %
Cost of Goods Sold xxxxxxxxxxxxxxx20 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx0 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx484 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

0.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

07/11/2023

3

Hold

$0.83

10.67%

According to Ord Minnett, belief in the higher for longer rates thematic triggered the sell off in A-REITs during September and October. The broker has increased its inflation forecast, noting house views assume as many as a further four rate rises.  

However, with residential property prices continuing to rise and ongoing recessionary risk, the broker believes value can be found in REITs supported by strong underlying land values and with a defensive earnings profile. 

The Hold rating and target price of 83 cents are retained.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 8.50 cents and EPS of 10.20 cents.
Ord Minnett forecasts a full year FY25 dividend of 8.80 cents and EPS of 10.30 cents.
Access Stockbroker Research History >

ECF STOCK CHART

FNArena News on ECF

1
Australian Broker Call *Extra* Edition – Oct 20, 2023

Oct 20 2023 - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 25-08-23

Aug 28 2023 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Aug 25, 2023

Aug 25 2023 - Daily Market Reports
4
FNArena Corporate Results Monitor – 23-08-2023

Aug 23 2023 - Australia
5
Australian Broker Call *Extra* Edition – Jun 29, 2023

Jun 29 2023 - Daily Market Reports

Latest REITs News

1
Australian Listed Real Estate Tables – 04-12-2023

Dec 04 2023 - Weekly Reports
2
Australian Listed Real Estate Tables – 27-11-2023

Nov 27 2023 - Weekly Reports
3
Australian Listed Real Estate Tables – 20-11-2023

Nov 20 2023 - Weekly Reports
4
Australian Listed Real Estate Tables – 13-11-2023

Nov 13 2023 - Weekly Reports
5
SMSFundamentals: A Comprehensive Guide To Australian REIT Investing

Nov 08 2023 - SMSFundamentals
6
Australian Listed Real Estate Tables – 08-11-2023

Nov 08 2023 - Weekly Reports
7
Australian Listed Real Estate Tables – 30-10-2023

Oct 30 2023 - Weekly Reports
8
Australian Listed Real Estate Tables – 23-10-2023

Oct 23 2023 - Weekly Reports
9
Australian Listed Real Estate Tables – 16-10-2023

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

Oct 10 2023 - Weekly Reports