Financials GDI Property Group

Equities

GDI

AU000000GDI7

Real Estate Development & Operations

Market Closed - Australian S.E. Other stock markets 02:10:12 2024-05-03 am EDT			5-day change	1st Jan Change
0.61 ^AUD	+1.67%		+3.39%	-6.15%

Apr. 24	GDI Property Names New Chairman of the Board	MT
Apr. 24	GDI Property Group Announces Board Changes	CI

Valuation

Fiscal Period: Junio	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	747.3	602.5	607	486.7	342.9	327.2	-	-
Enterprise Value (EV) ¹	747.3	602.5	607	486.7	342.9	636.9	631.8	624.4
P/E ratio	9.23 x	9.07 x	38.2 x	10.3 x	16.9 x	16.1 x	5.4 x	4.73 x
Yield	5.6%	6.95%	6.92%	8.52%	7.75%	8.2%	8.2%	8.63%
Capitalization / Revenue	-	-	-	-	5.71 x	5.58 x	5.22 x	4.91 x
EV / Revenue	-	-	-	-	5.71 x	10.9 x	10.1 x	9.38 x
EV / EBITDA	13.5 x	13.2 x	15.9 x	10.2 x	8.55 x	14 x	11.9 x	10.8 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	-	-	-	-	-	-	-	-
Nbr of stocks (in thousands)	539,580	540,331	541,988	534,884	531,592	536,407	-	-
Reference price ²	1.385	1.115	1.120	0.9100	0.6450	0.6100	0.6100	0.6100
Announcement Date	8/25/19	8/23/20	8/22/21	8/21/22	8/20/23	-	-	-

¹AUD in Million²AUD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Junio	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	-	-	-	60.04	58.65	62.65	66.6
EBITDA ¹	55.46	45.7	38.08	47.81	40.1	45.37	53.07	58
EBIT ¹	50.18	38.36	25.94	47.81	44.67	45.35	53.05	58
Operating Margin	-	-	-	-	74.41%	77.32%	84.68%	87.09%
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-
Net income ¹	81.61	67.1	15.98	68.31	20.29	20.2	59.8	68.8
Net margin	-	-	-	-	33.8%	34.44%	95.45%	103.3%
EPS ²	0.1501	0.1230	0.0293	0.0886	0.0381	0.0380	0.1130	0.1290
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.0775	0.0775	0.0775	0.0775	0.0500	0.0500	0.0500	0.0527
Announcement Date	8/25/19	8/23/20	8/22/21	8/21/22	8/20/23	-	-	-

¹AUD in Million²AUD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June	2024 S1
Net sales	-
EBITDA	-
EBIT ¹	16.25
Operating Margin	-
Earnings before Tax (EBT)	-
Net income	-
Net margin	-
EPS	-
Dividend per Share	-
Announcement Date	2/18/24

¹AUD in Million

Estimates

Balance Sheet Analysis

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	310	305	297
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	6.827 x	5.74 x	5.124 x
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	6.44%	4.87%	2.25%	-	107%	416%	486%	573%
ROA (Net income/ Total Assets)	-	-	-	-	-	2.6%	3.2%	3.3%
Assets ¹	-	-	-	-	-	776.9	1,869	2,085
Book Value Per Share	-	-	-	-	-	-	-	-
Cash Flow per Share ²	-	-	-	-	-	0.0600	0.0700	0.0700
Capex ¹	21	31.1	8.72	15.2	18.4	18	14.8	17.2
Capex / Sales	-	-	-	-	30.7%	30.69%	23.62%	25.83%
Announcement Date	8/25/19	8/23/20	8/22/21	8/21/22	8/20/23	-	-	-

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

Ratings for GDI Property Group

Trading Rating

Investor Rating

ESG Refinitiv

B-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

0.61 AUD

Average target price

0.7033 AUD

Spread / Average Target

+15.30%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Office Real Estate Development

	1st Jan change	Capi.
GDI PROPERTY GROUP	-6.15%	216M
CA IMMOBILIEN ANLAGEN AG	-5.02%	3.24B
HUFVUDSTADEN AB	-7.74%	2.46B
ENTRA ASA	-10.92%	1.73B
PLATZER FASTIGHETER HOLDING AB	+8.08%	1.01B
HEIWA REAL ESTATE CO., LTD.	+2.92%	908M
CROMWELL PROPERTY GROUP	-5.95%	684M
BEIJING ELECTRONIC ZONE HIGH-TECH GROUP CO., LTD.	-15.44%	584M
EMPERADOR PROPERTIES SOCIMI, S.A.	0.00%	462M
TKP CORPORATION	-19.08%	398M

Office Real Estate Development