SCENTRE GROUP (SCG)
Share Price Analysis and Chart

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SCG - SCENTRE GROUP

FNArena Sector : REITs
Year End: December
GICS Industry Group : Real Estate
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Scentre Group was formed in 2014 through the merger of Westfield Retail Trust and Westfield Group's Australian and New Zealand management business. The company owns, manages and develops Westfield shopping centres in Australia and New Zealand.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.82

15 Apr
2021

-0.020

OPEN

$2.83

-0.70%

HIGH

$2.84

10,525,951

LOW

$2.80

TARGET
$2.878 2.1% upside
Franking for last dividend paid out: 0%
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FNARENA'S MARKET CONSENSUS FORECASTS
SCG: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx - 71.9 19.0 xxx
DPS (cps) xxx 7.0 14.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx - 69.0% 100.0% xxx
PE Ratio xxx N/A 15.1 xxx
Dividend Yield xxx N/A 4.9% xxx
Div Pay Ratio(%) xxx N/A 73.7% xxx

Dividend yield today if purchased 3 years ago: 1.80%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

2.43

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: 13/02 - 11.3c (0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201520162017201820192020
EPS Basic xxxxxxxxxxxxxxx-71.9
DPS All xxxxxxxxxxxxxxx7.0
Sales/Revenue xxxxxxxxxxxxxxx2,162 M

EPS Basic

DPS All

Sales/Revenue

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EXPERT VIEWS
Display All Commentary

Sentiment Indicator

-0.2

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Credit Suisse

25/02/2021

3

Downgrade to Neutral from Outperform

$2.97

5.32%

2020 results were in line with expectations. Distribution guidance is $0.14 for FY21 and, while the company has ambitions to grow this in future, Credit Suisse finds the implied pay-out ratio is not clear as no FFO guidance was provided.

Moreover, Scentre Group will be retaining a greater portion of earnings to strengthen the balance sheet and provide financial flexibility.

Credit Suisse acknowledges that returning capital in order to lower gearing is prudent but now finds the discount to the sector less compelling and downgrades to Neutral from Outperform. Target is raised to $2.97 from $2.73.

FORECAST
Credit Suisse forecasts a full year FY21 dividend of 14.00 cents and EPS of 19.00 cents.
Credit Suisse forecasts a full year FY22 dividend of 14.00 cents and EPS of 19.00 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

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SCG STOCK CHART