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CQE

Charter Hall Social Infrastructure REITASX:CQE Stock Report

Last Price

AU$3.89

Market Cap

AU$1.4b

7D

-2.5%

1Y

25.1%

Updated

16 Jan, 2022

Data

Company Financials +
CQE fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health3/6
Dividends5/6

CQE Stock Overview

Charter Hall Social Infrastructure REIT is the largest Australian ASX-listed real estate investment trust (A-REIT) that invests in social infrastructure properties.

Price History & Performance

Summary of all time highs, changes and price drops for Charter Hall Social Infrastructure REIT
Historical stock prices
Current Share PriceAU$3.89
52 Week HighAU$4.16
52 Week LowAU$2.93
Beta0.94
1 Month Change-0.26%
3 Month Change6.87%
1 Year Change25.08%
3 Year Change26.30%
5 Year Change58.78%
Change since IPO208.73%

Recent News & Updates

Shareholder Returns

CQEAU REITsAU Market
7D-2.5%-3.8%-0.5%
1Y25.1%19.5%10.4%

Return vs Industry: CQE exceeded the Australian REITs industry which returned 19.5% over the past year.

Return vs Market: CQE exceeded the Australian Market which returned 10.4% over the past year.

Price Volatility

Is CQE's price volatile compared to industry and market?
CQE volatility
CQE Average Weekly Movement3.5%
REITs Industry Average Movement3.2%
Market Average Movement8.4%
10% most volatile stocks in AU Market15.2%
10% least volatile stocks in AU Market3.6%

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.

About the Company

FoundedEmployeesCEOWebsite
2002n/an/ahttps://www.charterhall.com.au/investments/funds/cqe

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 is managed by Charter Hall Group (ASX:CHC). With over 29 years’ experience in property investment and funds management, we’re one of Australia’s leading fully integrated property groups.

Charter Hall Social Infrastructure REIT Fundamentals Summary

How do Charter Hall Social Infrastructure REIT's earnings and revenue compare to its market cap?
CQE fundamental statistics
Market CapAU$1.42b
Earnings (TTM)AU$174.10m
Revenue (TTM)AU$104.00m

8.1x

P/E Ratio

13.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CQE income statement (TTM)
RevenueAU$104.00m
Cost of RevenueAU$22.70m
Gross ProfitAU$81.30m
Expenses-AU$92.80m
EarningsAU$174.10m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Feb 17, 2022

Earnings per share (EPS)0.48
Gross Margin78.17%
Net Profit Margin167.40%
Debt/Equity Ratio25.2%

How did CQE perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

81%

Payout Ratio

Valuation

Is Charter Hall Social Infrastructure REIT undervalued compared to its fair value and its price relative to the market?

30.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CQE (A$3.89) is trading below our estimate of fair value (A$5.63)

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 (8.1x) compared to the Australian REITs industry average (9.8x).

PE vs Market: CQE is good value based on its PE Ratio (8.1x) compared to the Australian market (19.3x).


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 (1.2x) is in line with the AU REITs industry average.


Future Growth

How is Charter Hall Social Infrastructure REIT forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

-15.8%

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 (-15.8% per year).

Earnings vs Market: CQE's earnings are forecast to decline over the next 3 years (-15.8% per year).

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

Revenue vs Market: CQE's revenue (3.1% per year) is forecast to grow slower than the Australian market (4.9% per year).

High Growth Revenue: CQE's revenue (3.1% 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 (5.7%).


Past Performance

How has Charter Hall Social Infrastructure REIT performed over the past 5 years?

-1.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CQE has a large one-off gain of A$101.9M impacting its June 30 2021 financial results.

Growing Profit Margin: CQE's current net profit margins are higher than last year (96.5%).


Past Earnings Growth Analysis

Earnings Trend: CQE's earnings have declined by 1% per year over the past 5 years.

Accelerating Growth: CQE's earnings growth over the past year (103.4%) exceeds its 5-year average (-1% per year).

Earnings vs Industry: CQE earnings growth over the past year (103.4%) underperformed the REITs industry 106.4%.


Return on Equity

High ROE: CQE's Return on Equity (14.8%) is considered low.


Financial Health

How is Charter Hall Social Infrastructure REIT's financial position?


Financial Position Analysis

Short Term Liabilities: CQE's short term assets (A$14.0M) do not cover its short term liabilities (A$62.0M).

Long Term Liabilities: CQE's short term assets (A$14.0M) do not cover its long term liabilities (A$301.7M).


Debt to Equity History and Analysis

Debt Level: CQE's net debt to equity ratio (24.8%) is considered satisfactory.

Reducing Debt: CQE's debt to equity ratio has reduced from 38.7% to 25.2% over the past 5 years.

Debt Coverage: CQE's debt is not well covered by operating cash flow (18.9%).

Interest Coverage: CQE's interest payments on its debt are well covered by EBIT (18x coverage).


Balance Sheet


Dividend

What is Charter Hall Social Infrastructure REIT current dividend yield, its reliability and sustainability?

4.04%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CQE's dividend (4.04%) is higher than the bottom 25% of dividend payers in the Australian market (2.18%).

High Dividend: CQE's dividend (4.04%) is low compared to the top 25% of dividend payers in the Australian market (5.39%).


Stability and Growth of Payments

Stable Dividend: CQE's dividends per share have been stable 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 (81.1%), 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 (96.4% payout ratio).


Next Steps

Management

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

3.1yrs

Average board tenure


CEO

Charter Hall Social Infrastructure REIT has no CEO, or we have no data on them.


Board Members

Experienced Board: CQE's board of directors are considered experienced (3.1 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: CQE insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Charter Hall Social Infrastructure REIT's employee growth, exchange listings and data sources


Key Information


Location

  • Charter Hall Social Infrastructure REIT
  • No. 1 Martin Place
  • Level 20
  • 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 Analysis2022/01/16 07:02
End of Day Share Price2022/01/14 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.