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

$2.60

30 Jul
2021

0.060

OPEN

$2.55

2.36%

HIGH

$2.61

22,449,813

LOW

$2.53

TARGET
$2.84 9.2% 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 19.1 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 13.6 xxx
Dividend Yield xxx N/A 5.4% xxx
Div Pay Ratio(%) xxx N/A 73.4% xxx

Dividend yield today if purchased 3 years ago: 1.64%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

2.69

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 xxxxxxxxxxxxxxx2,162.3 M
Book Value Per Share xxxxxxxxxxxxxxx363.2
Net Operating Cash Flow xxxxxxxxxxxxxxx666.9 M
Net Profit Margin xxxxxxxxxxxxxxx-172.58 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

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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

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

21/06/2021

5

Underperform

$2.60

(19/07/2021)

0%

Heading into August results, Macquarie remains cautious on large retail assets over potential ceding of market share. Additionally, it's considered the strong sales growth backdrop isn’t translating to significant improvements in leasing spreads.

Positively, covid deals appear to be coming close to finalisation, according to the broker,  which will allow landlords to look forward. It's thought vacancy appears to be moderating, albeit remaining above historical trends.

In the large caps, Macquarie's preferred way to play a recovery in retail is Vicinity Centres ((VCX)) over Scentre Group. The Underperform rating and $2.62 target are retained.

FORECAST
Macquarie forecasts a full year FY21 dividend of 14.00 cents and EPS of 17.90 cents.
Macquarie forecasts a full year FY22 dividend of 15.60 cents and EPS of 20.20 cents.

UBS

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Credit Suisse

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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SCG STOCK CHART