HomeCo Daily Needs REIT
ASX:HDN
Intrinsic Value
HomeCo Daily Needs REIT aims to invest in predominately metro-located, convenience based assets, across the target sub-sectors of neighborhood retail, large format retail, and health and services. [ Read More ]
The intrinsic value of one
HDN
stock under the Base Case scenario is
1.48
AUD.
Compared to the current market price of 1.2 AUD,
HomeCo Daily Needs REIT
is
Undervalued by 19%.
HDN could be a value trap.A value trap occurs when a stock looks inexpensive based on fundamental analysis but fails to reach its intrinsic valuation over time, often due to underlying issues not reflected in quantitative data.
Scrutinize beyond numbers; assess long-term potential.
HomeCo Daily Needs REIT's market capitalization is 2.5B AUD.
HDN stock price is 1.2 AUD.
HDN stock price (1.2 AUD) is 19% less than its Intrinsic Value (1.48 AUD).
HDN has upside potential of 14% compared to the average analyst price target.
Open Wall St Estimates
HDN's Revenue is forecast to grow at a rate of 1% per year over the next 3 years.
HDN has positive three-year average ROE (Return on Equity): 8%. The company is efficient at transforming stockholders' equity into net income.
HDN's Revenue has grown by 17% over the past 12 months.
HDN's ROIC (Return on Invested Capital) for the past 12 months is positive and is equal to 5%.
HDN's ROE (Return on Equity) for the past 12 months is negative and is equal to 0%.
HDN has positive three-year average ROIC (Return on Invested Capital): 5%. The company is efficient at using invested capital to generate operating income.
HDN's short-term assets (193m AUD) exceed its short-term liabilties (104m AUD).
HDN has positive Operating Income for the last twelve months.
HDN has negative Net Income for the last twelve months.
HDN's D/E (Debt to Equity) is very low and is equal to 0.55.
HDN has positive Gross Profit for the last twelve months.
HDN's long-term assets (5B AUD) exceed its long-term liabilties (2B AUD).
HDN has positive Free Cash Flow for the last twelve months.
HDN's Altman Z-Score is very low and is equal to 1.16.
HDN has positive Net Debt. This means that the company has more debt (2B AUD) than cash and short-term investments (15m AUD).
HDN doesn't generate enough operating income (243m AUD) to safely cover interest payments on its debt (-64m AUD).
Valuation Backtest
HomeCo Daily Needs REIT
Run backtest to discover the historical profit from buying and selling
HDN
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
HomeCo Daily Needs REIT
Balance Sheet Decomposition
HomeCo Daily Needs REIT
| Current Assets | 193.1m |
| Cash & Short-Term Investments | 14.6m |
| Receivables | 4.2m |
| Other Current Assets | 174.3m |
| Non-Current Assets | 4.5B |
| Long-Term Investments | 4.5B |
| Other Non-Current Assets | 31.4m |
| Current Liabilities | 103.9m |
| Accounts Payable | 1.9m |
| Accrued Liabilities | 38.9m |
| Other Current Liabilities | 63.1m |
| Non-Current Liabilities | 1.6B |
| Long-Term Debt | 1.6B |
Earnings Waterfall
HomeCo Daily Needs REIT
|
Revenue
|
360.2m
AUD
|
|
Cost of Revenue
|
-95.4m
AUD
|
|
Gross Profit
|
264.8m
AUD
|
|
Operating Expenses
|
-21.9m
AUD
|
|
Operating Income
|
242.9m
AUD
|
|
Other Expenses
|
-246.8m
AUD
|
|
Net Income
|
-3.9m
AUD
|
Free Cash Flow Analysis
HomeCo Daily Needs REIT
HDN Profitability Score
Profitability Due Diligence
HomeCo Daily Needs REIT's profitability score is 62/100. The higher the profitability score, the more profitable the company is.
Score
HomeCo Daily Needs REIT's profitability score is 62/100. The higher the profitability score, the more profitable the company is.
HDN Solvency Score
Solvency Due Diligence
HomeCo Daily Needs REIT's solvency score is 35/100. The higher the solvency score, the more solvent the company is.
Score
HomeCo Daily Needs REIT's solvency score is 35/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
HDN Price Targets Summary
HomeCo Daily Needs REIT
According to Wall Street analysts, the average 1-year price target for
HDN
is 1.36 AUD
with a low forecast of 1.19 AUD and a high forecast of 1.47 AUD.
Shareholder Return
HDN Price
HomeCo Daily Needs REIT
| Average Annual Return | 5.9% |
| Standard Deviation of Annual Returns | 27.09% |
| Max Drawdown | -31% |
| Market Capitalization | 2.5B AUD |
| Shares Outstanding | 2 079 200 000 |
| Percentage of Shares Shorted |
N/A
|
Company Profile
HomeCo Daily Needs REIT
Country
Industry
Market Cap
Dividend Yield
Description
HomeCo Daily Needs REIT aims to invest in predominately metro-located, convenience based assets, across the target sub-sectors of neighborhood retail, large format retail, and health and services. The company is headquartered in Sydney, New South Wales. The company went IPO on 2020-11-23. The Company’s portfolio targets a balanced exposure across subsectors, including hospitals, aged care, childcare, government life sciences, and research, and primary care and wellness. Its objective is to provide unitholders with exposure to a diversified portfolio underpinned by attractive megatrends, targeting consistent and growing distributions. The Company’s portfolio consists of 27 assets. The Company’s responsible entity is HMC Funds Management Limited and the managers are HomeCo DNR Property Management Pty Limited and HomeCo DNR Investment Management Pty Limited.
Contact
IPO
Employees
Officers
The intrinsic value of one
HDN
stock under the Base Case scenario is
1.48
AUD.
Compared to the current market price of 1.2 AUD,
HomeCo Daily Needs REIT
is
Undervalued by 19%.
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