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
Average dividend payer with mediocre balance sheet.
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.
7 Day Return
1 Year Return
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.
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 StDexus (ASX:DXS) Has Compensated Shareholders With A Respectable 55% Return On Their Investment
1 month ago | Simply Wall StWhat You Need To Know About Dexus' (ASX:DXS) Investor Composition
2 months ago | Simply Wall StHow Much Did Dexus' (ASX:DXS) CEO Pocket Last Year?
Is Dexus 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: 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).
How is Dexus forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
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%).
How has Dexus performed over the past 5 years?
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.
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$4.4B).
Debt to Equity History and Analysis
Debt Level: DXS's debt to equity ratio (37.4%) is considered satisfactory.
Reducing Debt: DXS's debt to equity ratio has reduced from 46.1% to 37.4% over the past 5 years.
Debt Coverage: DXS's debt is not well covered by operating cash flow (17.3%).
Interest Coverage: DXS's interest payments on its debt are well covered by EBIT (5x coverage).
What is Dexus's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DXS's dividend (5.1%) is higher than the bottom 25% of dividend payers in the Australian market (2%).
High Dividend: DXS's dividend (5.1%) is low compared to the top 25% of dividend payers in the Australian market (5.29%).
Stability and Growth of Payments
Stable Dividend: DXS's dividend payments have been volatile in the past 10 years.
Growing Dividend: DXS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (75.6%), DXS's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: DXS's dividends in 3 years are forecast to be covered by earnings (70.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Darren Joseph Steinberg serves as Independent Non-Executive Director at VGI Partners Limited since May 12, 2019. Mr. Steinberg has been the Chief Executive Officer and Executive Director of Dexus Funds...
CEO Compensation Analysis
Compensation vs Market: Darren's total compensation ($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.
Experienced Management: DXS's management team is seasoned and experienced (5.9 years average tenure).
Experienced Board: DXS's board of directors are considered experienced (5.5 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Dexus's company bio, employee growth, exchange listings and data sources
- 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
- Australia Square
- Level 25
- New South Wales
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|
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.