Scentre Group (ASX:SCG) - Stock Price, News & Analysis

SCG Stock Overview

Owns and operates a leading portfolio of 42 Westfield destinations with 37 located in Australia and five in New Zealand encompassing more than 12,000 outlets. More details

SCG fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	3/6
Past Performance	2/6
Financial Health	1/6
Dividends	2/6

Rewards

Trading at 3.9% below our estimate of its fair value

Earnings are forecast to grow 21.68% per year

Became profitable this year

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 4.67% is not well covered by free cash flows

Large one-off items impacting financial results

Scentre Group Competitors

Vicinity Centres

ASX:VCX

AU$9.8b

Region Group

ASX:RGN

AU$2.5b

BWP Trust

ASX:BWP

AU$2.4b

HomeCo Daily Needs REIT

ASX:HDN

AU$2.6b

Price History & Performance

Summary of all time highs, changes and price drops for Scentre Group
Historical stock prices
Current Share Price	AU$3.68
52 Week High	AU$3.88
52 Week Low	AU$2.62
Beta	1.58
11 Month Change	5.14%
3 Month Change	6.98%
1 Year Change	37.83%
33 Year Change	22.67%
5 Year Change	-4.66%
Change since IPO	19.48%

Recent updates

Trade Alert: The Independent Non-Executive Director Of Scentre Group (ASX:SCG), Andrew Harmos, Has Sold Some Shares Recently

Mar 13

Scentre Group (ASX:SCG) Just Reported Annual Earnings: Have Analysts Changed Their Mind On The Stock?

Feb 25

Shareholder Returns

	SCG	AU Retail REITs	AU Market
7D	4.0%	2.2%	0.7%
1Y	37.8%	21.8%	18.1%

Return vs Industry: SCG exceeded the Australian Retail REITs industry which returned 21.8% over the past year.

Return vs Market: SCG exceeded the Australian Market which returned 18.1% over the past year.

Price Volatility

Is SCG's price volatile compared to industry and market?
SCG volatility
SCG Average Weekly Movement	2.5%
Retail REITs Industry Average Movement	2.4%
Market Average Movement	8.4%
10% most volatile stocks in AU Market	17.4%
10% least volatile stocks in AU Market	3.2%

Stable Share Price: SCG has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: SCG's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2014	2,964	Elliott Chaim Rusanow	www.scentregroup.com

Scentre Group owns and operates a leading portfolio of 42 Westfield destinations with 37 located in Australia and five in New Zealand encompassing more than 12,000 outlets. Our Westfield destinations are strategically located in the heart of the local communities we serve. Our centres are considered community hubs that connect people with services and experiences that enrich their daily lives.

Scentre Group Fundamentals Summary

How do Scentre Group's earnings and revenue compare to its market cap?
SCG fundamental statistics
Market cap	AU$19.12b
Earnings (TTM)	AU$429.40m
Revenue (TTM)	AU$2.54b

44.5x

P/E Ratio

7.5x

P/S Ratio

Is SCG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SCG income statement (TTM)
Revenue	AU$2.54b
Cost of Revenue	AU$756.00m
Gross Profit	AU$1.78b
Other Expenses	AU$1.35b
Earnings	AU$429.40m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.083
Gross Margin	70.20%
Net Profit Margin	16.93%
Debt/Equity Ratio	88.5%

How did SCG perform over the long term?

See historical performance and comparison

Dividends

4.7%

Current Dividend Yield

77%

Payout Ratio

SCG Stock Overview

Rewards

Risk Analysis

Scentre Group Competitors

ASX:VCX

AU$9.8b

ASX:RGN

AU$2.5b

ASX:BWP

AU$2.4b

ASX:HDN

AU$2.6b

Price History & Performance

Recent News & Updates

Scentre Group Appoints Craig Mitchell as Non-Executive Director, Effective 14 October 2024

First half 2024 earnings released: FFO per share: AU$0.1 (vs AU$0.11 in 1H 2023)

Final dividend increased to AU$0.086

Scentre Group to Report First Half, 2024 Results on Aug 21, 2024

Scentre Joins Investment Bank for Stake in Tea Tree Plaza

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Recent updates

Scentre Group Appoints Craig Mitchell as Non-Executive Director, Effective 14 October 2024

First half 2024 earnings released: FFO per share: AU$0.1 (vs AU$0.11 in 1H 2023)

Final dividend increased to AU$0.086

Scentre Group to Report First Half, 2024 Results on Aug 21, 2024

Scentre Joins Investment Bank for Stake in Tea Tree Plaza

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

First half dividend of AU$0.084 announced

Scentre Group to Report Fiscal Year 2023 Results on Feb 21, 2024

Scentre Group, Annual General Meeting, Apr 04, 2024

First half 2023 earnings released: FFO per share: AU$0.1 (vs AU$0.11 in 1H 2022)

Scentre Group to Report First Half, 2023 Results on Aug 22, 2023

Scentre Group Provides Dividend Guidance for the Year 2023

Independent Non-Executive Director recently bought AU$71k worth of stock

Independent Non-Executive Director recently bought AU$147k worth of stock

Full year 2022 earnings released: EPS: AU$0.058 (vs AU$0.17 in FY 2021)

Scentre Group Announces Estimated Ordinary Dividend for the Period of Six Months Ended December 31, 2022, Payable on February 28, 2023

Scentre Group, Annual General Meeting, Apr 05, 2023

Scentre Group to Report Fiscal Year 2022 Results on Feb 22, 2023

High number of new directors

Independent Non-Executive Director recently sold AU$58k worth of stock

High number of new directors

Scentre Group Announces Board Changes

High number of new directors

Independent Non-Executive Director recently bought AU$290k worth of stock

First half 2022 earnings released: EPS: AU$0.093 (vs AU$0.077 in 1H 2021)

Scentre Group Provides Dividend Guidance for the Year 2022

Scentre Group Announces Estimated Dividend for the Six Months Ended June 30, 2022, Payable on August 31, 2022

Scentre Group to Report Q2, 2022 Results on Aug 23, 2022

Consensus forecasts updated

Scentre Group Appoints Andrew Clarke as Chief Financial Officer, Effective from October 1, 2022

High number of new directors

Scentre Group Provides Earnings Guidance for the Year 2022

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Scentre Group Announces Chief Executive Officer Succession

Scentre Group Announces Retirement of Steven Leigh from the Board as Non-Executive Director

Scentre Group Announces Distribution on Ordinary Stapled Securities for the Six Months Ended December 31, 2021, Payable on February 28, 2022

Scentre Group to Report Fiscal Year 2021 Results on Feb 23, 2022

First half 2021 earnings released: EPS AU$0.077 (vs AU$0.69 loss in 1H 2020)

New 90-day high: AU$2.96

Trade Alert: The Independent Non-Executive Director Of Scentre Group (ASX:SCG), Andrew Harmos, Has Sold Some Shares Recently

Scentre Group (ASX:SCG) Just Reported Annual Earnings: Have Analysts Changed Their Mind On The Stock?

Full year 2020 earnings released: AU$0.72 loss per share (vs AU$0.22 profit in FY 2019)

Revenue and earnings beat expectations

What You Need To Know About Scentre Group's (ASX:SCG) Investor Composition

Scentre Group to Report Fiscal Year 2020 Results on Feb 24, 2021

Scentre Group, Annual General Meeting, Apr 08, 2021

How Should Investors Feel About Scentre Group's (ASX:SCG) CEO Remuneration?

New 90-day high: AU$2.94

Scentre Group (ASX:SCG) Insiders Increased Their Holdings

New 90-day high: AU$2.38

New 90-day high: AU$2.34

Scentre Group(ASX:SCG) dropped from S&P/ASX 20 Index

Independent Director recently bought AU$206k worth of stock

Earnings released

Analysts update estimates

How Much Are Scentre Group (ASX:SCG) Insiders Spending On Buying Shares?

Perron Group Limited completed the acquisition of 50% stake in Westfield Burwood from Scentre Group (ASX:SCG).

Scentre Group to Report First Half, 2020 Results on Aug 25, 2020

Shareholder Returns