HomeCo Daily Needs REIT
ASX:HDN
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P/FCFE
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Valuation Scenarios
If P/FCFE returns to its 3-Year Average (8.4), the stock would be worth AU$1.15 (10% downside from current price).
| Scenario | P/FCFE Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 9.3 | AU$1.28 |
0%
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| 3-Year Average | 8.4 | AU$1.15 |
-10%
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| 5-Year Average | 7.8 | AU$1.06 |
-17%
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| Industry Average | 12.1 | AU$1.65 |
+29%
|
| Country Average | 18.1 | AU$2.47 |
+94%
|
Forward P/FCFE
Today’s price vs future free cash flow to equity
Peer Comparison
| Market Cap | P/FCFE | P/E | ||||
|---|---|---|---|---|---|---|
| AU |
|
HomeCo Daily Needs REIT
ASX:HDN
|
2.7B AUD | 9.3 | 7 | |
| US |
|
Simon Property Group Inc
NYSE:SPG
|
65.8B USD | 24.9 | 14.3 | |
| US |
|
Realty Income Corp
NYSE:O
|
59.6B USD | 6 285.6 | 56.3 | |
| SG |
|
CapitaLand Integrated Commercial Trust
SGX:C38U
|
18B | 0 | 0 | |
| US |
|
Kimco Realty Corp
NYSE:KIM
|
15.8B USD | -174.7 | 28.6 | |
| US |
|
Regency Centers Corp
NASDAQ:REG
|
14.3B USD | 77.3 | 27.9 | |
| AU |
|
Scentre Group
ASX:SCG
|
19.7B AUD | 22.3 | 11.1 | |
| HK |
|
Link Real Estate Investment Trust
HKEX:823
|
101.4B HKD | 15.8 | -14.9 | |
| FR |
|
Klepierre SA
PAR:LI
|
9.9B EUR | 9.5 | 7.6 | |
| US |
|
Federal Realty Investment Trust
NYSE:FRT
|
9.9B USD | -36.3 | 24.6 | |
| US |
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Agree Realty Corp
NYSE:ADC
|
9.2B USD | -13.1 | 46.7 |
Market Distribution
| Min | 0.2 |
| 30th Percentile | 12.5 |
| Median | 18.1 |
| 70th Percentile | 35.6 |
| Max | 5 049.1 |
Other Multiples
HomeCo Daily Needs REIT
Glance View
HomeCo Daily Needs REIT is an intriguing player in the Australian real estate investment trust landscape, specifically focused on necessity-based retail properties. Emerging from the larger Home Consortium group, the REIT has carved a niche by acquiring and managing shopping centers that emphasize daily needs and services. Their portfolio is strategically composed of assets like supermarkets, pharmacies, and healthcare facilities—businesses known for their resilience and consistent foot traffic even during economic downturns. The company's strategy pivots around the demand for everyday essentials, anchoring their investments in the stability these tenants provide, ensuring occupancy remains high and relatively steady. The company's revenue model hinges on leasing their spaces to a mix of prominent national retailers and smaller local businesses. Through these lease agreements, HomeCo Daily Needs REIT secures a stable income stream from rental payments. This focus on properties that meet everyday consumer needs allows them to capitalize on consistent demand. The reliability of these establishments ensures low vacancy rates, keeping cash flow consistent and enhancing investor confidence. Moreover, their emphasis on properties located in regions with strong population growth adds an additional layer of potential future value, aligning their business model with both current consumer behavior and anticipated demographic trends.
