WAYPOINT REIT LIMITED (WPR)
Share Price Analysis and Chart

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WPR - WAYPOINT REIT LIMITED

FNArena Sector : REITs
Year End: December
GICS Industry Group : Real Estate
Debt/EBITDA: 5.06
Index: ASX200 | ASX300 | ALL-ORDS

Waypoint REIT, formerly Viva Energy REIT, is an Australian real estate investment trust with a portfolio of service stations and convenience properties. It listed on the ASX in 2016.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.31

05 Dec
2023

-0.030

OPEN

$2.35

-1.28%

HIGH

$2.36

1,427,121

LOW

$2.31

TARGET
$2.563 11.0% 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 . SCG . TGP . URW . VCX . WOT .
FNARENA'S MARKET CONSENSUS FORECASTS
WPR: 1
Title FY21
Actual		 FY22
Actual		 FY23
Forecast		 FY24
Forecast
EPS (cps) xxx 19.0 17.0 xxx
DPS (cps) xxx 16.6 17.0 xxx
EPS Growth xxx - 66.8% - 10.5% xxx
DPS Growth xxx - 52.4% 2.4% xxx
PE Ratio xxx N/A 14.1 xxx
Dividend Yield xxx N/A 7.1% xxx
Div Pay Ratio(%) xxx 87.4% 100.0% xxx

Dividend yield today if purchased 3 years ago: 6.01%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.95

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: 29/06 - ex-div 4.16c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx19.0
DPS All xxxxxxxxxxxxxxx16.6
Sales/Revenue xxxxxxxxxxxxxxx168.6 M
Book Value Per Share xxxxxxxxxxxxxxx301.9
Net Operating Cash Flow xxxxxxxxxxxxxxx116.2 M
Net Profit Margin xxxxxxxxxxxxxxx79.36 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx6.44 %
Return on Invested Capital xxxxxxxxxxxxxxx4.48 %
Return on Assets xxxxxxxxxxxxxxx4.38 %
Return on Equity xxxxxxxxxxxxxxx6.44 %
Return on Total Capital xxxxxxxxxxxxxxx5.85 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-3.1 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 xxxxxxxxxxxxxxx-
Long Term Debt xxxxxxxxxxxxxxx885 M
Total Debt xxxxxxxxxxxxxxx885 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx14 M
Price To Book Value xxxxxxxxxxxxxxx0.91

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx-
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx11 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx-17 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx2,972 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

0.2

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

11/10/2023

5

Underweight

$2.35

1.73%

While Morgans Stanley makes no fundamental adjustments (such as rent growth, and therefore EPS/FFO) to its 22 Australian Property stocks under coverage, all target prices/valuations are reduced.

Assuming bond yields stay where they are and spreads revert to the long-term average, the analysts believe there is material downside of -17-33% to asset valuations for stocks under Morgan Stanley's coverage.

At current book values, explains the broker, the spread between each REIT's cap rate and the Australian 10-year bond yield is much tighter now than the typical spread over the last 15-20 years. A higher risk-free rate assumption of 5% is adopted, up from 4%.

The target for Waypoint REIT falls to $2.35 from $2.60. Underweight. Industry view: In-Line. 

This summary relates to research released yesterday by Morgan Stanley.

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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WPR STOCK CHART

FNArena News on WPR

1
Rudi’s View: All-Weather Portfolio In 2023

Nov 29 2023 - Rudi's View
2
Australian Broker Call *Extra* Edition – Aug 30, 2023

Aug 30 2023 - Daily Market Reports
3
FNArena Corporate Results Monitor – 29-08-2023

Aug 29 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 – Jun 29, 2023

Jun 29 2023 - Daily Market 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