Market Cap
AU$10.9b
Last Updated
2021/04/19 08:08 UTC
Data Sources
Company Financials +
Executive Summary
Dexus is one of Australia’s leading real estate groups, proudly managing a high-quality Australian property portfolio valued at $32.1 billion. More Details
Rewards
Risk Analysis
Snowflake Analysis
Average dividend payer with mediocre balance sheet.
Similar Companies
Share Price & News
How has Dexus's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DXS is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: DXS's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
2.9%
DXS
1.2%
AU REITs
1.0%
AU Market
1 Year Return
11.0%
DXS
28.1%
AU REITs
33.5%
AU Market
Return vs Industry: DXS underperformed the Australian REITs industry which returned 28.1% over the past year.
Return vs Market: DXS underperformed the Australian Market which returned 33.5% over the past year.
Shareholder returns
| DXS | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.9% | 1.2% | 1.0% |
| 30 Day | 8.6% | 6.7% | 5.3% |
| 90 Day | 13.1% | 6.8% | 5.9% |
| 1 Year | 17.2%11.0% | 33.2%28.1% | 40.5%33.5% |
| 3 Year | 28.6%11.3% | 38.3%20.1% | 36.3%16.1% |
| 5 Year | 57.6%24.4% | 52.1%18.8% | 67.0%31.4% |
Long-Term Price Volatility Vs. Market
How volatile is Dexus's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Dexus (ASX:DXS) Has Compensated Shareholders With A Respectable 55% Return On Their Investment1 month ago | Simply Wall St
What You Need To Know About Dexus' (ASX:DXS) Investor Composition2 months ago | Simply Wall St
How Much Did Dexus' (ASX:DXS) CEO Pocket Last Year?Valuation
Is Dexus undervalued compared to its fair value and its price relative to the market?
0.05%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DXS (A$10.21) is trading below our estimate of fair value (A$10.21)
Significantly Below Fair Value: DXS is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: DXS is poor value based on its PE Ratio (25.8x) compared to the AU REITs industry average (18.1x).
PE vs Market: DXS is poor value based on its PE Ratio (25.8x) compared to the Australian market (20.6x).
Price to Earnings Growth Ratio
PEG Ratio: DXS is poor value based on its PEG Ratio (5.8x)
Price to Book Ratio
PB vs Industry: DXS is good value based on its PB Ratio (0.9x) compared to the AU REITs industry average (1.1x).
Future Growth
How is Dexus forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
4.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DXS's forecast earnings growth (4.4% per year) is above the savings rate (2%).
Earnings vs Market: DXS's earnings (4.4% per year) are forecast to grow slower than the Australian market (14.6% per year).
High Growth Earnings: DXS's earnings are forecast to grow, but not significantly.
Revenue vs Market: DXS's revenue is expected to decline over the next 3 years (-3.2% per year).
High Growth Revenue: DXS's revenue is forecast to decline over the next 3 years (-3.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DXS's Return on Equity is forecast to be low in 3 years time (5.9%).
Past Performance
How has Dexus performed over the past 5 years?
-4.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DXS has high quality earnings.
Growing Profit Margin: DXS's current net profit margins (32.8%) are lower than last year (96%).
Past Earnings Growth Analysis
Earnings Trend: DXS's earnings have declined by 4.4% per year over the past 5 years.
Accelerating Growth: DXS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: DXS had negative earnings growth (-72.1%) over the past year, making it difficult to compare to the REITs industry average (-1.2%).
Return on Equity
High ROE: DXS's Return on Equity (3.5%) is considered low.
Financial Health
How is Dexus's financial position?
Financial Position Analysis
Short Term Liabilities: DXS's short term assets (A$733.9M) do not cover its short term liabilities (A$856.8M).
Long Term Liabilities: DXS's short term assets (A$733.9M) do not cover its long term liabilities (A$4.4B).
Debt to Equity History and Analysis
Debt Level: DXS's debt to equity ratio (37.4%) is considered satisfactory.
Reducing Debt: DXS's debt to equity ratio has reduced from 46.1% to 37.4% over the past 5 years.
Debt Coverage: DXS's debt is not well covered by operating cash flow (17.3%).
Interest Coverage: DXS's interest payments on its debt are well covered by EBIT (5x coverage).
Balance Sheet
Dividend
What is Dexus's current dividend yield, its reliability and sustainability?
5.10%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DXS's dividend (5.1%) is higher than the bottom 25% of dividend payers in the Australian market (2%).
High Dividend: DXS's dividend (5.1%) is low compared to the top 25% of dividend payers in the Australian market (5.29%).
Stability and Growth of Payments
Stable Dividend: DXS's dividend payments have been volatile in the past 10 years.
Growing Dividend: DXS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (75.6%), DXS's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: DXS's dividends in 3 years are forecast to be covered by earnings (70.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.9yrs
Average management tenure
CEO
Darren Steinberg
9.08yrs
Tenure
AU$4,272,000
Compensation
Mr. Darren Joseph Steinberg serves as Independent Non-Executive Director at VGI Partners Limited since May 12, 2019. Mr. Steinberg has been the Chief Executive Officer and Executive Director of Dexus Funds...
CEO Compensation Analysis
Compensation vs Market: Darren's total compensation ($USD3.30M) is about average for companies of similar size in the Australian market ($USD2.56M).
Compensation vs Earnings: Darren's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: DXS's management team is seasoned and experienced (5.9 years average tenure).
Board Members
Experienced Board: DXS's board of directors are considered experienced (5.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: DXS 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
Dexus's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Dexus
- Ticker: DXS
- Exchange: ASX
- Founded: 2004
- Industry: Office REITs
- Sector: Real Estate
- Market Cap: AU$10.928b
- Shares outstanding: 1.08b
- Website: https://www.dexus.com
Number of Employees
Location
- Dexus
- Australia Square
- Level 25
- Sydney
- New South Wales
- 2000
- Australia
Listings
Biography
Dexus is one of Australia’s leading real estate groups, proudly managing a high-quality Australian property portfolio valued at $32.1 billion. We believe that the strength and quality of our relationships ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/19 08:08 |
| End of Day Share Price | 2021/04/19 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.