HOMECO DAILY NEEDS REIT (HDN)
Share Price Analysis and Chart

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HDN - HOMECO DAILY NEEDS REIT

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 6.88
Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.13

01 Dec
2023

-0.005

OPEN

$1.13

-0.44%

HIGH

$1.14

2,809,232

LOW

$1.11

TARGET
$1.312 16.1% 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 . ECF . GDF . GDI . HCW . NPR . NSR . PLG . REP . RFF . RGN . SCG . TGP . URW . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
HDN: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 4.9 8.7 xxx
DPS (cps) xxx 8.3 8.2 xxx
EPS Growth xxx - 82.4% 76.1% xxx
DPS Growth xxx 0.2% - 0.7% xxx
PE Ratio xxx N/A 13.0 xxx
Dividend Yield xxx N/A 7.3% xxx
Div Pay Ratio(%) xxx 168.0% 94.7% xxx

Dividend yield today if purchased 3 years ago: 6.43%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.35

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 2.08c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 20222023
EPS Basic xxx4.9
DPS All xxx8.3
Sales/Revenue xxx347.8 M
Book Value Per Share xxx148.3
Net Operating Cash Flow xxx169.7 M
Net Profit Margin xxx29.38 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 20222023
Return on Capital Employed xxx3.29 %
Return on Invested Capital xxx2.16 %
Return on Assets xxx2.11 %
Return on Equity xxx3.29 %
Return on Total Capital xxx5.05 %
Free Cash Flow ex dividends xxx5.1 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 20222023
Short-Term Debt xxx0 M
Long Term Debt xxx1,643 M
Total Debt xxx1,644 M
Goodwill - Gross xxx-
Cash & Equivalents - Generic xxx16 M
Price To Book Value xxx0.79

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 20222023
Capex xxx-
Capex % of Sales xxx-
Cost of Goods Sold xxx108 M
Selling, General & Admin. Exp & Other xxx1 M
Research & Development xxx-
Investments - Total xxx4,718 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

0.5

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

3

xxxxxxxxxx xx xxxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

11/10/2023

3

Equal-weight

$1.35

19.47%

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 HomeCo Daily Needs REIT falls to $1.35 from $1.40. Equal-weight. Industry view: In-Line. 

This summary relates to research released yesterday by Morgan Stanley.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

HDN STOCK CHART

FNArena News on HDN

1
Australian Broker Call *Extra* Edition – Oct 26, 2023

Oct 26 2023 - Daily Market Reports
2
Rudi’s View: Bonds & Equities; Joined At The Hip

Oct 25 2023 - Rudi's View
3
Rudi’s View: Yield Is Back

Oct 18 2023 - Rudi's View
4
Rudi’s View: CSL, ResMed, Domino’s Pizza, Helloworld, Iress and Liontown

Oct 11 2023 - Rudi's View
5
ESG Focus: Strong Reporting Season For Circularity, Nature, Biodiversity and AI

Oct 02 2023 - ESG Focus

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