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AVN

Aventus GroupASX:AVN Stock Report

Market Cap

AU$1.9b

7D

2.2%

1Y

39.1%

Updated

16 Oct, 2021

Data

Company Financials +
AVN fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health3/6
Dividends3/6

AVN Overview

Aventus Group is Australia’s largest fully-integrated owner, manager and developer of large format retail centres in Australia with a portfolio of 20 centres valued at $2.2 billion.

Price History & Performance

Summary of all time highs, changes and price drops for Aventus Group
Historical stock prices
Current Share PriceAU$3.31
52 Week HighAU$2.29
52 Week LowAU$3.55
Beta1.05
1 Month Change0.30%
3 Month Change8.17%
1 Year Change39.08%
3 Year Change54.67%
5 Year Change37.92%
Change since IPO65.50%

Recent News & Updates

Mar 20
Do Institutions Own Aventus Group (ASX:AVN) Shares?

Do Institutions Own Aventus Group (ASX:AVN) Shares?

If you want to know who really controls Aventus Group ( ASX:AVN ), then you'll have to look at the makeup of its share...

Shareholder Returns

AVNAU REITsAU Market
7D2.2%1.5%0.9%
1Y39.1%20.9%20.2%

Return vs Industry: AVN exceeded the Australian REITs industry which returned 20.9% over the past year.

Return vs Market: AVN exceeded the Australian Market which returned 20.2% over the past year.

Price Volatility

Is AVN's price volatile compared to industry and market?
AVN volatility
AVN Beta1.05
Industry Beta0.86
Market Beta1

Stable Share Price: AVN is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.

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

About the Company

FoundedEmployeesCEOWebsite
n/a57Darren Hollandhttps://www.aventusgroup.com.au

Aventus Group is Australia’s largest fully-integrated owner, manager and developer of large format retail centres in Australia with a portfolio of 20 centres valued at $2.2 billion. Aventus Group portfolio spans 536,000m2 in gross leasable area and features a diverse tenant base of 593 quality tenancies, with national tenants representing 87 per cent of the total portfolio. Our team of more than 70 professionals offer expertise in investment management, asset management and corporate services, delivering operational excellence and value at every stage of the investment cycle.

Aventus Group Fundamentals Summary

How do Aventus Group's earnings and revenue compare to its market cap?
AVN fundamental statistics
Market CapAU$1.89b
Earnings (TTM)AU$409.70m
Revenue (TTM)AU$176.40m

4.6x

P/E Ratio

10.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AVN income statement (TTM)
RevenueAU$176.40m
Cost of RevenueAU$32.20m
Gross ProfitAU$144.20m
Expenses-AU$265.50m
EarningsAU$409.70m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.72
Gross Margin81.75%
Net Profit Margin232.26%
Debt/Equity Ratio41.6%

How did AVN perform over the long term?

See historical performance and comparison

Dividends

5.3%

Current Dividend Yield

71%

Payout Ratio

Valuation

Is Aventus Group undervalued compared to its fair value and its price relative to the market?

36.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AVN (A$3.31) is trading below our estimate of fair value (A$5.2)

Significantly Below Fair Value: AVN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AVN is good value based on its PE Ratio (4.6x) compared to the Australian REITs industry average (9.4x).

PE vs Market: AVN is good value based on its PE Ratio (4.6x) compared to the Australian market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: AVN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: AVN's PB Ratio (1.1x) is in line with the AU REITs industry average.


Future Growth

How is Aventus Group forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

-28.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AVN's earnings are forecast to decline over the next 3 years (-28.4% per year).

Earnings vs Market: AVN's earnings are forecast to decline over the next 3 years (-28.4% per year).

High Growth Earnings: AVN's earnings are forecast to decline over the next 3 years.

Revenue vs Market: AVN's revenue is expected to decline over the next 3 years (-2.2% per year).

High Growth Revenue: AVN's revenue is forecast to decline over the next 3 years (-2.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AVN's Return on Equity is forecast to be low in 3 years time (6.6%).


Past Performance

How has Aventus Group performed over the past 5 years?

10.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AVN has a large one-off gain of A$297.3M impacting its June 30 2021 financial results.

Growing Profit Margin: AVN's current net profit margins are higher than last year (33.4%).


Past Earnings Growth Analysis

Earnings Trend: AVN's earnings have grown by 10.1% per year over the past 5 years.

Accelerating Growth: AVN's earnings growth over the past year (622.6%) exceeds its 5-year average (10.1% per year).

Earnings vs Industry: AVN earnings growth over the past year (622.6%) exceeded the REITs industry 106.4%.


Return on Equity

High ROE: AVN's Return on Equity (24.4%) is considered high.


Financial Health

How is Aventus Group's financial position?


Financial Position Analysis

Short Term Liabilities: AVN's short term assets (A$57.6M) exceed its short term liabilities (A$56.2M).

Long Term Liabilities: AVN's short term assets (A$57.6M) do not cover its long term liabilities (A$700.1M).


Debt to Equity History and Analysis

Debt Level: AVN's debt to equity ratio (41.6%) is considered high.

Reducing Debt: AVN's debt to equity ratio has reduced from 58.1% to 41.6% over the past 5 years.

Debt Coverage: AVN's debt is not well covered by operating cash flow (16.3%).

Interest Coverage: AVN's interest payments on its debt are well covered by EBIT (9.4x coverage).


Balance Sheet


Dividend

What is Aventus Group current dividend yield, its reliability and sustainability?

5.28%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AVN's dividend (5.28%) is higher than the bottom 25% of dividend payers in the Australian market (2.27%).

High Dividend: AVN's dividend (5.28%) is low compared to the top 25% of dividend payers in the Australian market (5.32%).


Stability and Growth of Payments

Stable Dividend: AVN has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: AVN's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (71.3%), AVN's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AVN's dividends in 3 years are forecast to be covered by earnings (90.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.4yrs

Average management tenure


CEO

Darren Holland

no data

Tenure

AU$1,473,459

Compensation

Mr. Darren Holland is Chief Executive Officer, Managing Director and Executive Director of Aventus Group and is its Founder.Mr. Holland serves as the Chief Executive Officer of Property at BB Retail Capita...


CEO Compensation Analysis

Compensation vs Market: Darren's total compensation ($USD1.09M) is about average for companies of similar size in the Australian market ($USD1.41M).

Compensation vs Earnings: Darren's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: AVN's management team is considered experienced (3.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: AVN insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.3%.


Top Shareholders

Company Information

Aventus Group's employee growth, exchange listings and data sources


Key Information

  • Name: Aventus Group
  • Ticker: AVN
  • Exchange: ASX
  • Founded: NaN
  • Industry: Retail REITs
  • Sector: Real Estate
  • Market Cap: AU$1.889b
  • Shares outstanding: 570.73m
  • Website: https://www.aventusgroup.com.au

Number of Employees


Location

  • Aventus Group
  • Governor Macquarie Tower
  • Level 33
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 07:01
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.