ASX:CNI

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Centuria Capital Group

Executive Summary

Centuria Capital Group, an investment manager, markets and manages investment products primarily in Australia. More Details


Snowflake Analysis

Excellent balance sheet with acceptable track record.


Similar Companies

Share Price & News

How has Centuria Capital Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CNI is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: CNI's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

1.7%

CNI

1.3%

AU REITs

0.3%

AU Market


1 Year Return

-7.8%

CNI

-11.2%

AU REITs

12.5%

AU Market

Return vs Industry: CNI exceeded the Australian REITs industry which returned -11.9% over the past year.

Return vs Market: CNI underperformed the Australian Market which returned 9.7% over the past year.


Shareholder returns

CNIIndustryMarket
7 Day1.7%1.3%0.3%
30 Day0.9%-0.7%2.2%
90 Day-6.0%-5.6%4.0%
1 Year2.6%-7.8%-7.5%-11.2%16.1%12.5%
3 Year116.9%74.1%29.0%11.9%31.1%15.1%
5 Year260.7%137.4%43.9%12.3%62.5%31.3%

Long-Term Price Volatility Vs. Market

How volatile is Centuria Capital Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

44.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CNI (A$2.35) is trading below our estimate of fair value (A$4.21)

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


Price To Earnings Ratio

PE vs Industry: CNI is poor value based on its PE Ratio (50.6x) compared to the AU REITs industry average (16.7x).

PE vs Market: CNI is poor value based on its PE Ratio (50.6x) compared to the Australian market (20x).


Price to Earnings Growth Ratio

PEG Ratio: CNI is poor value based on its PEG Ratio (2.9x)


Price to Book Ratio

PB vs Industry: CNI is overvalued based on its PB Ratio (5.7x) compared to the AU REITs industry average (1x).


Next Steps

Future Growth

How is Centuria Capital Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

17.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CNI's forecast earnings growth (17.2% per year) is above the savings rate (2%).

Earnings vs Market: CNI's earnings (17.2% per year) are forecast to grow faster than the Australian market (15.7% per year).

High Growth Earnings: CNI's earnings are forecast to grow, but not significantly.

Revenue vs Market: CNI's revenue (0.2% per year) is forecast to grow slower than the Australian market (5.5% per year).

High Growth Revenue: CNI's revenue (0.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CNI's Return on Equity is forecast to be low in 3 years time (7.8%).


Next Steps

Past Performance

How has Centuria Capital Group performed over the past 5 years?

21.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CNI has a large one-off loss of A$5.8M impacting its December 31 2020 financial results.

Growing Profit Margin: CNI's current net profit margins (14%) are lower than last year (16.1%).


Past Earnings Growth Analysis

Earnings Trend: CNI's earnings have grown significantly by 21.5% per year over the past 5 years.

Accelerating Growth: CNI's earnings growth over the past year (22.9%) exceeds its 5-year average (21.5% per year).

Earnings vs Industry: CNI earnings growth over the past year (22.9%) exceeded the REITs industry -1.2%.


Return on Equity

High ROE: CNI's Return on Equity (-1.4%) is considered low.


Next Steps

Financial Health

How is Centuria Capital Group's financial position?


Financial Position Analysis

Short Term Liabilities: CNI's short term assets (A$838.9M) exceed its short term liabilities (A$389.9M).

Long Term Liabilities: CNI's short term assets (A$838.9M) exceed its long term liabilities (A$381.9M).


Debt to Equity History and Analysis

Debt Level: CNI's debt to equity ratio (32.1%) is considered satisfactory.

Reducing Debt: CNI's debt to equity ratio has reduced from 42.6% to 32.1% over the past 5 years.

Debt Coverage: CNI's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: CNI's interest payments on its debt are well covered by EBIT (6.6x coverage).


Balance Sheet


Next Steps

Dividend

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

4.13%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CNI's dividend (4.13%) is higher than the bottom 25% of dividend payers in the Australian market (2.11%).

High Dividend: CNI's dividend (4.13%) is low compared to the top 25% of dividend payers in the Australian market (5.43%).


Stability and Growth of Payments

Stable Dividend: CNI's dividend payments have been volatile in the past 10 years.

Growing Dividend: CNI's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: CNI is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: CNI's dividends in 3 years are forecast to be covered by earnings (84.8% payout ratio).


Next Steps

Management

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

3.4yrs

Average management tenure


CEO

John McBain (64 yo)

1.75yrs

Tenure

AU$2,747,889

Compensation

Mr. John E. McBain, Dip. Urban Valuation, has been Group Joint Chief Executive Officer at Centuria Capital Group (formerly known as Centuria Capital Limited) since June 21, 2019. Mr. McBain served as the G...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD2.15M) is above average for companies of similar size in the Australian market ($USD884.85K).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
John McBain
Joint CEO & Executive Director1.75yrsAU$2.75m0.44%
A$ 6.2m
Jason Huljich
Joint CEO & Executive Director13.33yrsAU$2.69m0.84%
A$ 11.7m
Simon Holt
Chief Financial Officer4.83yrsAU$1.31m0.085%
A$ 1.2m
Brad Watson
Head of Distribution6.5yrsno datano data
Tim Mitchell
Group Head of Investor Relationsno datano datano data
Natalie Powell
Chief Marketing Officerno datano datano data
André Bali
Head of Development14.17yrsAU$220.32kno data
Victor Georos
Head of Portfolio & Asset Management5.67yrsno datano data
Michael Blake
Head of Centuria Life3.17yrsno datano data
Ross Lees
Head of Funds Management1.75yrsno datano data
Andrew Essey
Head of Transactions3.67yrsno datano data
Andrew Hemming
Managing Director of Centuria Heathcare1.17yrsno datano data

3.4yrs

Average Tenure

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


Board Members

NamePositionTenureCompensationOwnership
John McBain
Joint CEO & Executive Director1.75yrsAU$2.75m0.44%
A$ 6.2m
Jason Huljich
Joint CEO & Executive Director13.33yrsAU$2.69m0.84%
A$ 11.7m
Nicholas Collishaw
Non-Executive Director7.58yrsAU$214.65k0.20%
A$ 2.9m
Wee Cho
Non-Executive Director0.083yrno datano data
Peter Done
Independent Non-Executive Director13.33yrsAU$205.30k0.25%
A$ 3.5m
Susan Wheeldon
Independent Non-Executive Director4.58yrsAU$109.49kno data
John Slater
Independent Non-Executive Director7.83yrsAU$148.27k0.12%
A$ 1.6m
Evelyn Horton
Director of Centuria Lifeno datano datano data
Garry Charny
Independent Non Executive Chairman5yrsAU$256.63k0.063%
A$ 879.1k
Kristie Brown
Independent Non-Executive Director0.083yrno datano data

7.6yrs

Average Tenure

59.5yo

Average Age

Experienced Board: CNI's board of directors are considered experienced (7.6 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 24.3%.


Top Shareholders

Company Information

Centuria Capital Group's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Centuria Capital Group
  • Ticker: CNI
  • Exchange: ASX
  • Founded: 2000
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Market Cap: AU$1.399b
  • Shares outstanding: 600.24m
  • Website: https://www.centuria.com.au

Location

  • Centuria Capital Group
  • Chifley Tower
  • Level 41
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CNIASX (Australian Securities Exchange)YesStapled SecuritiesAUAUDMar 2002
CNICHIA (Chi-X Australia)YesStapled SecuritiesAUAUDMar 2002

Biography

Centuria Capital Group, an investment manager, markets and manages investment products primarily in Australia. It operates through four segments: Property Funds Management, Investment Bonds Management, Co-...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/03 07:09
End of Day Share Price2021/03/03 00:00
Earnings2020/12/31
Annual Earnings2020/06/30


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.