VICINITY CENTRES (VCX)
Share Price Analysis and Chart

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VCX - VICINITY CENTRES

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 5.17
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Vicinity Centres is an Australian Real Estate Investment Trust specialising in ownership and management of Australian shopping centres. With $24bn in retail assets under management across 63 shopping centres, the company is the second largest listed manager of Australian retail property on the ASX.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.91

06 Dec
2023

0.045

OPEN

$1.87

2.41%

HIGH

$1.93

15,436,724

LOW

$1.86

TARGET
$1.904 -0.3% downside
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 . SCG . TGP . URW . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
VCX: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 6.0 13.4 xxx
DPS (cps) xxx 12.0 11.8 xxx
EPS Growth xxx - 77.7% 100.0% xxx
DPS Growth xxx 15.4% - 1.7% xxx
PE Ratio xxx N/A 14.2 xxx
Dividend Yield xxx N/A 6.2% xxx
Div Pay Ratio(%) xxx 201.3% 88.1% xxx

Dividend yield today if purchased 3 years ago: 6.82%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.32

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: 21/08 - ex-div 6.25c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx6.0
DPS All xxxxxxxxxxxxxxx12.0
Sales/Revenue xxxxxxxxxxxxxxx1,281.4 M
Book Value Per Share xxxxxxxxxxxxxxx233.7
Net Operating Cash Flow xxxxxxxxxxxxxxx702.2 M
Net Profit Margin xxxxxxxxxxxxxxx21.19 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx2.52 %
Return on Invested Capital xxxxxxxxxxxxxxx1.83 %
Return on Assets xxxxxxxxxxxxxxx1.74 %
Return on Equity xxxxxxxxxxxxxxx2.52 %
Return on Total Capital xxxxxxxxxxxxxxx5.70 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-153.8 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx328 M
Long Term Debt xxxxxxxxxxxxxxx4,133 M
Total Debt xxxxxxxxxxxxxxx4,461 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx193 M
Price To Book Value xxxxxxxxxxxxxxx0.79

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx334.7 M
Capex % of Sales xxxxxxxxxxxxxxx26.12 %
Cost of Goods Sold xxxxxxxxxxxxxxx355 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx68 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx14,555 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

0.0

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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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

02/11/2023

3

Neutral

$2.00

4.71%

A resilient first quarter for Vicinity Centres, says Citi, with portfolio sales up 2.7% amid ongoing CBD retail recovery and occupancy reaching 98.8%. The company reaffirmed full year funds from operations of 14.1-14.5 cents.  

Having reported strong sales growth in early FY23, the broker observes apparel, footwear and homewares are now demonstrating relative weakness, but luxury remains strong. 

The Neutral rating and target price of $2.00 are retained.

FORECAST
Citi forecasts a full year FY24 dividend of 11.70 cents and EPS of 14.20 cents.

UBS

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx 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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VCX STOCK CHART

FNArena News on VCX

1
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Nov 22 2023 - Rudi's View
2
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Nov 17 2023 - Weekly Reports
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
Weekly Ratings, Targets, Forecast Changes – 03-11-23

Nov 06 2023 - Weekly Reports

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