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

$2.79

07 Dec
2023

-0.010

OPEN

$2.79

-0.36%

HIGH

$2.80

14,697,525

LOW

$2.76

TARGET
$2.916 4.5% 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 20.6 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 13.5 xxx
Dividend Yield xxx N/A 6.0% xxx
Div Pay Ratio(%) xxx 271.6% 80.7% xxx

Dividend yield today if purchased 3 years ago: 5.47%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.65

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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Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

Citi

09/11/2023

3

Neutral

$2.95

5.73%

It is Citi's view Scentre Group has earlier today released a positive trading update, characterised by "continued momentum of leasing spreads".

Guidance for FY23 FFO between 20.75c and 21.25c has been retained. The FY23 distribution should be 16.5c with the broker highlighting this implies at least 4.8% growth for the year.

Citi suggests bargaining power is returning to landlords post the change in market dynamics because of covid. Target $2.95. Neutral.

FORECAST
Citi forecasts a full year FY23 dividend of 16.60 cents and EPS of 21.10 cents.
Citi forecasts a full year FY24 dividend of 17.00 cents and EPS of 21.90 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >

SCG STOCK CHART

FNArena News on SCG

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

Nov 20 2023 - Daily Market Reports
2
SMSFundamentals: A Comprehensive Guide To Australian REIT Investing

Nov 08 2023 - SMSFundamentals
3
Rudi’s View: Outlook 2024, Is History Our Guide?

Nov 08 2023 - Rudi's View
4
October In Review: Material Losses Across All Sized Indices

Nov 06 2023 - Australia
5
Rudi’s View: Bonds & Equities; Joined At The Hip

Oct 25 2023 - Rudi's View

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