Established and listed on the Australian Securities Exchange (“ASX”) in 1998 (see prospectus), BWP Trust (“BWP” or “the Trust”) is a real estate investment trust investing in and managing commercial properties throughout Australia. More Details
Adequate balance sheet and fair value.
Share Price & News
How has BWP Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BWP is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: BWP's weekly volatility (2%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: BWP exceeded the Australian REITs industry which returned -11.2% over the past year.
Return vs Market: BWP underperformed the Australian Market which returned 12.5% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is BWP Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StIs BWP Trust (ASX:BWP) Popular Amongst Institutions?
6 months ago | Simply Wall StDo Institutions Own BWP Trust (ASX:BWP) Shares?
9 months ago | Simply Wall StWhat Kind Of Shareholders Own BWP Trust (ASX:BWP)?
Is BWP Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BWP (A$3.85) is trading below our estimate of fair value (A$4.09)
Significantly Below Fair Value: BWP is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: BWP is good value based on its PE Ratio (11.3x) compared to the AU REITs industry average (17.6x).
PE vs Market: BWP is good value based on its PE Ratio (11.3x) compared to the Australian market (20x).
Price to Earnings Growth Ratio
PEG Ratio: BWP's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: BWP is overvalued based on its PB Ratio (1.2x) compared to the AU REITs industry average (1x).
How is BWP Trust forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BWP's earnings are forecast to decline over the next 3 years (-8.1% per year).
Earnings vs Market: BWP's earnings are forecast to decline over the next 3 years (-8.1% per year).
High Growth Earnings: BWP's earnings are forecast to decline over the next 3 years.
Revenue vs Market: BWP's revenue (2.9% per year) is forecast to grow slower than the Australian market (5.6% per year).
High Growth Revenue: BWP's revenue (2.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BWP's Return on Equity is forecast to be low in 3 years time (6%).
How has BWP Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BWP has a large one-off gain of A$102.1M impacting its December 31 2020 financial results.
Growing Profit Margin: BWP's current net profit margins are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: BWP's earnings have declined by 7.2% per year over the past 5 years.
Accelerating Growth: BWP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BWP had negative earnings growth (-3.1%) over the past year, making it difficult to compare to the REITs industry average (-3.1%).
Return on Equity
High ROE: BWP's Return on Equity (10.7%) is considered low.
How is BWP Trust's financial position?
Financial Position Analysis
Short Term Liabilities: BWP's short term assets (A$37.3M) do not cover its short term liabilities (A$76.8M).
Long Term Liabilities: BWP's short term assets (A$37.3M) do not cover its long term liabilities (A$463.4M).
Debt to Equity History and Analysis
Debt Level: BWP's debt to equity ratio (22.6%) is considered satisfactory.
Reducing Debt: BWP's debt to equity ratio has reduced from 30.2% to 22.6% over the past 5 years.
Debt Coverage: BWP's debt is well covered by operating cash flow (24%).
Interest Coverage: BWP's interest payments on its debt are well covered by EBIT (8.7x coverage).
What is BWP Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BWP's dividend (4.75%) is higher than the bottom 25% of dividend payers in the Australian market (2.09%).
High Dividend: BWP's dividend (4.75%) is low compared to the top 25% of dividend payers in the Australian market (5.52%).
Stability and Growth of Payments
Stable Dividend: BWP's dividends per share have been stable in the past 10 years.
Growing Dividend: BWP's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (114.4%), BWP's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BWP's dividends in 3 years are not forecast to be well covered by earnings (103.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Michael Wedgwood (57 yo)
Mr. Michael James Wedgwood, BCom, MSc (Finance), GAICD has been the Managing Director of BWP Management Limited, Responsible Entity of BWP Trust since February 24, 2014. Mr. Wedgwood serves as Managing Dir...
|MD & Director||7.08yrs||no data||no data|
|Finance Manager||11.25yrs||no data||no data|
|Office Manager||no data||no data||no data|
|Company Secretary||12.92yrs||no data||no data|
|Portfolio Manager of BWP Management Limited||15.75yrs||no data||no data|
Experienced Management: BWP's management team is seasoned and experienced (12.1 years average tenure).
|MD & Director||7.08yrs||no data||no data|
|Independent Non-Executive External Director||8.42yrs||no data||0.0031% |
|Independent Chairman of the Board||5.25yrs||no data||0.017% |
|Non-Executive Director||8.42yrs||no data||0.0031% |
|Independent Non-Executive External Director||6.08yrs||no data||no data|
|Independent Non-executive External Director||1.25yrs||no data||no data|
Experienced Board: BWP's board of directors are considered experienced (6.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
BWP Trust's company bio, employee growth, exchange listings and data sources
- Name: BWP Trust
- Ticker: BWP
- Exchange: ASX
- Founded: 1998
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: AU$2.473b
- Shares outstanding: 642.38m
- Website: https://www.bwptrust.com.au
- BWP Trust
- Brookfield Place Tower 2
- Level 14
- Western Australia
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BWP||ASX (Australian Securities Exchange)||Yes||Ordinary Units||AU||AUD||Sep 1998|
|BWP||CHIA (Chi-X Australia)||Yes||Ordinary Units||AU||AUD||Sep 1998|
Established and listed on the Australian Securities Exchange (“ASX”) in 1998 (see prospectus), BWP Trust (“BWP” or “the Trust”) is a real estate investment trust investing in and managing commercial proper...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/03/04 07:06|
|End of Day Share Price||2021/03/04 00:00|
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.