Charter Hall Social Infrastructure REIT
Market Cap
AU$1.1b
Last Updated
2021/03/04 07:02 UTC
Data Sources
Company Financials +
Executive Summary
Charter Hall Social Infrastructure REIT is the largest Australian ASX-listed real estate investment trust (A-REIT) that invests in social infrastructure properties. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 12% per year for the next 3 years
Snowflake Analysis
Excellent balance sheet, good value and pays a dividend.
Share Price & News
How has Charter Hall Social Infrastructure REIT's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CQE is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: CQE's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-1.0%
CQE
1.3%
AU REITs
0.3%
AU Market
1 Year Return
-11.3%
CQE
-11.2%
AU REITs
12.5%
AU Market
Return vs Industry: CQE matched the Australian REITs industry which returned -11.2% over the past year.
Return vs Market: CQE underperformed the Australian Market which returned 12.5% over the past year.
Shareholder returns
| CQE | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.0% | 1.3% | 0.3% |
| 30 Day | -3.9% | -0.7% | 2.2% |
| 90 Day | -3.9% | -5.6% | 4.0% |
| 1 Year | -5.4%-11.3% | -7.5%-11.2% | 16.1%12.5% |
| 3 Year | 26.9%7.6% | 29.0%11.9% | 31.1%15.1% |
| 5 Year | 75.1%33.5% | 43.9%12.3% | 62.5%31.3% |
Long-Term Price Volatility Vs. Market
How volatile is Charter Hall Social Infrastructure REIT's share price compared to the market and industry in the last 5 years?
Simply Wall St News
Valuation
Is Charter Hall Social Infrastructure REIT undervalued compared to its fair value and its price relative to the market?
30.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CQE (A$2.99) is trading below our estimate of fair value (A$4.28)
Significantly Below Fair Value: CQE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CQE is good value based on its PE Ratio (10.7x) compared to the AU REITs industry average (17.6x).
PE vs Market: CQE is good value based on its PE Ratio (10.7x) compared to the Australian market (20x).
Price to Earnings Growth Ratio
PEG Ratio: CQE's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: CQE's PB Ratio (1x) is in line with the AU REITs industry average.
Next Steps
Future Growth
How is Charter Hall Social Infrastructure REIT forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
-12.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CQE's earnings are forecast to decline over the next 3 years (-12% per year).
Earnings vs Market: CQE's earnings are forecast to decline over the next 3 years (-12% per year).
High Growth Earnings: CQE's earnings are forecast to decline over the next 3 years.
Revenue vs Market: CQE's revenue (6.8% per year) is forecast to grow faster than the Australian market (5.6% per year).
High Growth Revenue: CQE's revenue (6.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CQE's Return on Equity is forecast to be low in 3 years time (5.6%).
Next Steps
Past Performance
How has Charter Hall Social Infrastructure REIT performed over the past 5 years?
-7.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CQE has a large one-off gain of A$44.1M impacting its December 31 2020 financial results.
Growing Profit Margin: CQE's current net profit margins are higher than last year (92.2%).
Past Earnings Growth Analysis
Earnings Trend: CQE's earnings have declined by 7.1% per year over the past 5 years.
Accelerating Growth: CQE's earnings growth over the past year (25.3%) exceeds its 5-year average (-7.1% per year).
Earnings vs Industry: CQE earnings growth over the past year (25.3%) exceeded the REITs industry -3.1%.
Return on Equity
High ROE: CQE's Return on Equity (8.7%) is considered low.
Next Steps
Financial Health
How is Charter Hall Social Infrastructure REIT's financial position?
Financial Position Analysis
Short Term Liabilities: CQE's short term assets (A$88.3M) exceed its short term liabilities (A$27.6M).
Long Term Liabilities: CQE's short term assets (A$88.3M) do not cover its long term liabilities (A$252.9M).
Debt to Equity History and Analysis
Debt Level: CQE's debt to equity ratio (22.7%) is considered satisfactory.
Reducing Debt: CQE's debt to equity ratio has reduced from 40.6% to 22.7% over the past 5 years.
Debt Coverage: CQE's debt is well covered by operating cash flow (22%).
Interest Coverage: CQE's interest payments on its debt are well covered by EBIT (8.1x coverage).
Balance Sheet
Next Steps
Dividend
What is Charter Hall Social Infrastructure REIT current dividend yield, its reliability and sustainability?
5.35%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CQE's dividend (5.35%) is higher than the bottom 25% of dividend payers in the Australian market (2.09%).
High Dividend: CQE's dividend (5.35%) is low compared to the top 25% of dividend payers in the Australian market (5.52%).
Stability and Growth of Payments
Stable Dividend: CQE's dividend payments have been volatile in the past 10 years.
Growing Dividend: CQE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (77.1%), CQE's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CQE's dividends in 3 years are forecast to be covered by earnings (98.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average board tenure
CEO
Charter Hall Social Infrastructure REIT has no CEO, or we have no data on them.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Investment Officer & Executive Director of Charter Hall Social Infrastructure Limited | 2.25yrs | no data | no data | |
| Executive Director of Charter Hall Social Infrastructure Limited | 0.50yr | no data | no data | |
| Independent Non-Executive Director of Charter Hall Social Infrastructure Limited | 16.25yrs | AU$32.00k | 0.023% A$ 253.4k | |
| Independent Non-Executive Chairman of Charter Hall Social Infrastructure Limited | 5.5yrs | no data | 0.011% A$ 121.0k | |
| Independent Director of Charter Hall Social Infrastructure Limited | 1yr | no data | 0.0056% A$ 61.1k |
2.3yrs
Average Tenure
Experienced Board: CQE's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
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 19.6%.
Top Shareholders
Company Information
Charter Hall Social Infrastructure REIT's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Charter Hall Social Infrastructure REIT
- Ticker: CQE
- Exchange: ASX
- Founded: 2002
- Industry: Specialized REITs
- Sector: Real Estate
- Market Cap: AU$1.082b
- Shares outstanding: 361.96m
- Website: https://www.charterhall.com.au/investments/funds/cqe
Location
- Charter Hall Social Infrastructure REIT
- No. 1 Martin Place
- Level 20
- Sydney
- New South Wales
- 2000
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CQE | ASX (Australian Securities Exchange) | Yes | Ordinary Units | AU | AUD | May 2003 |
| CQE | CHIA (Chi-X Australia) | Yes | Ordinary Units | AU | AUD | May 2003 |
| FKKE.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Units | US | USD | May 2003 |
Biography
Charter Hall Social Infrastructure REIT is the largest Australian ASX-listed real estate investment trust (A-REIT) that invests in social infrastructure properties. Charter Hall Social Infrastructure REIT ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/04 07:02 |
| End of Day Share Price | 2021/03/04 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/06/30 |
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.