Financials AVJennings Limited

Equities

AVJ

AU000000AVJ0

Real Estate Development & Operations

Market Closed - Australian S.E. 01:51:10 2024-04-26 am EDT 5-day change 1st Jan Change
0.31 AUD -8.82% Intraday chart for AVJennings Limited -10.14% 0.00%

Valuation

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Capitalization 1 278 219.4 188.9 255.9 182.8 162.5
Enterprise Value (EV) 1 403.8 401 379.2 386 294.3 325.8
P/E ratio 8.68 x 13.2 x 20.9 x 13.7 x 14 x 7.64 x
Yield 7.09% 4.63% 2.58% 3.97% 3.93% 2.75%
Capitalization / Revenue 0.74 x 0.74 x 0.72 x 0.82 x 0.82 x 0.59 x
EV / Revenue 1.08 x 1.35 x 1.45 x 1.24 x 1.32 x 1.19 x
EV / EBITDA 9.14 x 17.8 x 25.3 x 13.7 x 19 x 9.98 x
EV / FCF 9.53 x 4.51 x -20.9 x 7.97 x 2.84 x -21.4 x
FCF Yield 10.5% 22.2% -4.79% 12.6% 35.2% -4.67%
Price to Book 0.7 x 0.55 x 0.48 x 0.62 x 0.45 x 0.38 x
Nbr of stocks (in thousands) 394,338 406,231 406,231 406,231 406,231 406,153
Reference price 2 0.7050 0.5400 0.4650 0.6300 0.4500 0.4000
Announcement Date 9/5/18 9/5/19 9/1/20 8/27/21 8/25/22 8/30/23
1AUD in Million2AUD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net sales 1 374.3 296.5 262.4 311.1 222.8 274.3
EBITDA 1 44.2 22.54 15.01 28.12 15.51 32.65
EBIT 1 43.94 22.29 14.72 27.88 15.3 32.41
Operating Margin 11.74% 7.52% 5.61% 8.96% 6.87% 11.82%
Earnings before Tax (EBT) 1 45.08 23.84 13.16 26.68 17.94 30.83
Net income 1 31.35 16.44 9.041 18.72 13.08 21.26
Net margin 8.37% 5.54% 3.45% 6.02% 5.87% 7.75%
EPS 2 0.0813 0.0408 0.0223 0.0461 0.0322 0.0524
Free Cash Flow 1 42.38 88.96 -18.15 48.45 103.7 -15.21
FCF margin 11.32% 30.01% -6.92% 15.57% 46.52% -5.55%
FCF Conversion (EBITDA) 95.88% 394.71% - 172.3% 668.39% -
FCF Conversion (Net income) 135.2% 541.15% - 258.88% 792.59% -
Dividend per Share 2 0.0500 0.0250 0.0120 0.0250 0.0177 0.0110
Announcement Date 9/5/18 9/5/19 9/1/20 8/27/21 8/25/22 8/30/23
1AUD in Million2AUD
Estimates

Balance Sheet Analysis

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net Debt 1 126 182 190 130 112 163
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.846 x 8.059 x 12.68 x 4.624 x 7.192 x 5.001 x
Free Cash Flow 1 42.4 89 -18.2 48.5 104 -15.2
ROE (net income / shareholders' equity) 8.04% 4.13% 2.29% 4.67% 3.2% 5.12%
ROA (Net income/ Total Assets) 4.06% 2.1% 1.37% 2.72% 1.41% 2.53%
Assets 1 772.4 782.3 658.6 687.6 926.2 840.1
Book Value Per Share 2 1.010 0.9800 0.9700 1.010 1.010 1.040
Cash Flow per Share 2 0.0200 0.0400 0.0100 0.0300 0.0100 0.0300
Capex 1 0.02 0.79 0.48 0.37 0.25 0.83
Capex / Sales 0% 0.27% 0.18% 0.12% 0.11% 0.3%
Announcement Date 9/5/18 9/5/19 9/1/20 8/27/21 8/25/22 8/30/23
1AUD in Million2AUD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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