Financials Elanor Commercial Property Fund

Equities

ECF

AU0000063893

Commercial REITs

Market Closed - Australian S.E. 02:10:52 2024-05-31 am EDT 5-day change 1st Jan Change
0.71 AUD -.--% Intraday chart for Elanor Commercial Property Fund -2.07% -6.58%

Valuation

Fiscal Period: June 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 208.5 237.6 315 277 224.8 - -
Enterprise Value (EV) 1 208.5 370.6 491.1 458.4 414.1 424.7 436
P/E ratio - 7.6 x 6.23 x -8.61 x 23.7 x 5.34 x 5.55 x
Yield 5.15% 8.63% 9.45% 10.7% 12% 11.5% 8.94%
Capitalization / Revenue 6,050,847 x 6,003,562 x 4,969,448 x 6,545,366 x - - -
EV / Revenue 6,050,847 x 9,364,739 x 7,748,392 x 10,833,022 x - - -
EV / EBITDA - 10 x 14.2 x 15.3 x 10.7 x 11.2 x 13.8 x
EV / FCF - 18,359,768 x -5,264,378 x - - - -
FCF Yield - 0% -0% - - - -
Price to Book - 0.98 x - - - - -
Nbr of stocks (in thousands) 204,400 204,400 316,556 316,556 316,556 - -
Reference price 2 1.020 1.162 0.9950 0.8750 0.7100 0.7100 0.7100
Announcement Date 8/20/20 8/1/21 8/23/22 8/21/23 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2020 2021 2022 2023 2024 2025 2026
Net sales 34.46 39.58 63.38 42.32 - - -
EBITDA 1 - 37.05 34.62 29.88 38.75 37.75 31.5
EBIT 1 - 36.9 48.12 29.88 38.75 37.75 31.5
Operating Margin - 93.22% 75.93% 70.62% - - -
Earnings before Tax (EBT) - - - - - - -
Net income 1 - 31.26 43.95 -32.18 9.6 42 40.4
Net margin - 78.97% 69.34% -76.03% - - -
EPS 2 - 0.1529 0.1596 -0.1016 0.0300 0.1330 0.1280
Free Cash Flow - 20.19 -93.29 - - - -
FCF margin - 51.01% -147.19% - - - -
FCF Conversion (EBITDA) - 54.49% - - - - -
FCF Conversion (Net income) - 64.59% - - - - -
Dividend per Share 2 0.0525 0.1003 0.0940 0.0940 0.0850 0.0820 0.0635
Announcement Date 8/20/20 8/1/21 8/23/22 8/21/23 - - -
1AUD in Million2AUD
Estimates

Balance Sheet Analysis

Fiscal Period: June 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 133 176 181 189 200 211
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) - 3.591 x 5.088 x 6.072 x 4.885 x 5.295 x 6.705 x
Free Cash Flow - 20.2 -93.3 - - - -
ROE (net income / shareholders' equity) - 13.2% 15.3% - - - -
ROA (Net income/ Total Assets) - 8.05% 9.02% - - - -
Assets 1 - 388.1 487.2 - - - -
Book Value Per Share - 1.190 - - - - -
Cash Flow per Share 2 - 0.1100 0.1200 0.1000 0.0800 0.0800 0.0500
Capex 1 - 1.95 127 8.07 6.9 8.9 8.8
Capex / Sales - 4.93% 200.71% 19.07% - - -
Announcement Date 8/20/20 8/1/21 8/23/22 8/21/23 - - -
1AUD in Million2AUD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
0.71 AUD
Average target price
0.815 AUD
Spread / Average Target
+14.79%
Consensus

Annual profits - Rate of surprise

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