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
Debt/EBITDA: N/A
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

$2.49

27 Sep
2023

-0.030

OPEN

$2.49

-1.19%

HIGH

$2.51

13,633,181

LOW

$2.49

TARGET
$3.046 22.3% 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 . HDN . NPR . NSR . PLG . REP . RFF . RGN . TGP . URW . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
SCG: 1
Title FY21
Actual		 FY22
Actual		 FY23
Forecast		 FY24
Forecast
EPS (cps) xxx 5.8 20.7 xxx
DPS (cps) xxx 15.8 16.6 xxx
EPS Growth xxx - 66.1% 100.0% xxx
DPS Growth xxx 10.5% 5.7% xxx
PE Ratio xxx N/A 12.0 xxx
Dividend Yield xxx N/A 6.7% xxx
Div Pay Ratio(%) xxx 271.6% 80.5% xxx

Dividend yield today if purchased 3 years ago: 6.97%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.38

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: 17/08 - ex-div 8.25c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx5.8
DPS All xxxxxxxxxxxxxxx15.8
Sales/Revenue xxxxxxxxxxxxxxx2,457.9 M
Book Value Per Share xxxxxxxxxxxxxxx357.4
Net Operating Cash Flow xxxxxxxxxxxxxxx1,124.5 M
Net Profit Margin xxxxxxxxxxxxxxx12.23 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx1.60 %
Return on Invested Capital xxxxxxxxxxxxxxx0.92 %
Return on Assets xxxxxxxxxxxxxxx0.82 %
Return on Equity xxxxxxxxxxxxxxx1.60 %
Return on Total Capital xxxxxxxxxxxxxxx4.48 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx322.5 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 201720182019202020212022
Short-Term Debt xxxxxxxxxxxxxxx2,346 M
Long Term Debt xxxxxxxxxxxxxxx13,529 M
Total Debt xxxxxxxxxxxxxxx15,874 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx679 M
Price To Book Value xxxxxxxxxxxxxxx0.81

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx37.4 M
Capex % of Sales xxxxxxxxxxxxxxx1.52 %
Cost of Goods Sold xxxxxxxxxxxxxxx819 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx87 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx33,015 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

0.1

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

23/08/2023

5

Underperform

$2.56

2.81%

Scentre Group's June-half result outpaced Macquarie's forecasts thanks to a recovery in ancillary income, ECC write-backs, and lower net interest. FY23 guidance was reaffirmed.

The broker speculates that Scentre Group may be close to peaking (management observes a moderation in sales in the first months of December-half trade) should discretionary sales growth slow and put downward pressure on leasing.

Add to that toppy gearing, and the broker finds it hard to get excited.

FFOPS forecasts rise 2.8% in FY23; 0.9% in FY24; and 0.9% in FY25, to reflect the beat.

Underperform rating and $2.56 target price retained.

FORECAST
Macquarie forecasts a full year FY23 dividend of 16.50 cents and EPS of 20.00 cents.
Macquarie forecasts a full year FY24 dividend of 16.70 cents and EPS of 20.10 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

SCG STOCK CHART

FNArena News on SCG

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

Sep 27 2023 - ESG Focus
2
Australian Broker Call *Extra* Edition – Aug 25, 2023

Aug 25 2023 - Daily Market Reports
3
FNArena Corporate Results Monitor – 23-08-2023

Aug 23 2023 - Australia
4
Rudi’s View: ARB, Corporate Travel, Goodman Group, NextDC, Orora, Worley & Xero

Jul 26 2023 - Rudi's View
5
Australian Broker Call *Extra* Edition – Jul 25, 2023

Jul 25 2023 - Daily Market Reports

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
4
Australian Listed Real Estate Tables – 11-09-2023

Sep 11 2023 - Weekly Reports
5
Australian Listed Real Estate Tables – 04-09-2023

Sep 04 2023 - Weekly Reports
6
Australian Listed Real Estate Tables – 28-08-2023

Aug 28 2023 - Weekly Reports
7
Australian Listed Real Estate Tables – 22-08-2023

Aug 22 2023 - Weekly Reports
8
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
10
Australian Listed Real Estate Tables – 31-07-2023

Jul 31 2023 - Weekly Reports