Dexus is one of Australia’s leading real estate groups, managing a high quality Australian property portfolio valued at $32.0 billion. More Details
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Average dividend payer and fair value.
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 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: DXS underperformed the Australian REITs industry which returned -16.3% over the past year.
Return vs Market: DXS underperformed the Australian Market which returned -7% over the past year.
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
2 days ago | Simply Wall StDoes Dexus' (ASX:DXS) CEO Salary Compare Well With The Performance Of The Company?
4 weeks ago | Simply Wall StNeed To Know: Dexus (ASX:DXS) Insiders Have Been Buying Shares
1 month ago | Simply Wall StIs Dexus (ASX:DXS) Popular Amongst Institutions?
Is Dexus undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: DXS (A$9.24) is trading above our estimate of fair value (A$8.11)
Significantly Below Fair Value: DXS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: DXS is good value based on its PE Ratio (10.3x) compared to the AU REITs industry average (16.4x).
PE vs Market: DXS is good value based on its PE Ratio (10.3x) compared to the Australian market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: DXS's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: DXS is good value based on its PB Ratio (0.8x) compared to the AU REITs industry average (1x).
How is Dexus forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DXS's earnings are forecast to decline over the next 3 years (-4.5% per year).
Earnings vs Market: DXS's earnings are forecast to decline over the next 3 years (-4.5% per year).
High Growth Earnings: DXS's earnings are forecast to decline over the next 3 years.
Revenue vs Market: DXS's revenue is expected to decline over the next 3 years (-19.6% per year).
High Growth Revenue: DXS's revenue is forecast to decline over the next 3 years (-19.6% 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 (5.7%).
How has Dexus performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DXS has a large one-off gain of A$365.6M impacting its June 30 2020 financial results.
Growing Profit Margin: DXS's current net profit margins (66%) are lower than last year (96.2%).
Past Earnings Growth Analysis
Earnings Trend: DXS's earnings have grown by 6.4% 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 (-23.4%) over the past year, making it difficult to compare to the REITs industry average (6.8%).
Return on Equity
High ROE: DXS's Return on Equity (8.1%) is considered low.
How is Dexus's financial position?
Financial Position Analysis
Short Term Liabilities: DXS's short term assets (A$996.3M) exceed its short term liabilities (A$845.1M).
Long Term Liabilities: DXS's short term assets (A$996.3M) do not cover its long term liabilities (A$4.7B).
Debt to Equity History and Analysis
Debt Level: DXS's debt to equity ratio (40.4%) is considered high.
Reducing Debt: DXS's debt to equity ratio has reduced from 42.7% to 40.4% over the past 5 years.
Debt Coverage: DXS's debt is not well covered by operating cash flow (14.9%).
Interest Coverage: DXS's interest payments on its debt are well covered by EBIT (6.2x coverage).
What is Dexus's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DXS's dividend (5.44%) is higher than the bottom 25% of dividend payers in the Australian market (2.09%).
High Dividend: DXS's dividend (5.44%) is low compared to the top 25% of dividend payers in the Australian market (5.45%).
Stability and Growth of Payments
Stable Dividend: DXS's dividend payments have been volatile in the past 10 years.
Growing Dividend: DXS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (75.1%), DXS's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: DXS's dividends in 3 years are forecast to be covered by earnings (72.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Darren Joseph Steinberg, BEc, FRICS, FAPI, FAICD, has been Non-Executive Director at VGI Partners Limited since May 12, 2019. Mr. Steinberg, BEc, FRICS, FAPI, FAICD, has been the Chief Executive Offic ...
CEO Compensation Analysis
Compensation vs Market: Darren's total compensation ($USD3.04M) is about average for companies of similar size in the Australian market ($USD2.51M).
Compensation vs Earnings: Darren's compensation has been consistent with company performance over the past year.
|CEO & Executive Director of DEXUS Funds Management Limited||8.58yrs||AU$4.27m||0.091% |
|Chief Financial Officer||5yrs||AU$1.63m||0.0049% |
|Chief Investment Officer||4.25yrs||AU$1.65m||0.0077% |
|Executive General Manager of Office||7.83yrs||AU$1.66m||0.012% |
|Executive General Manager of Funds Management||6.58yrs||AU$1.47m||0.0047% |
|Chief Operating Officer||0.75yr||no data||no data|
|Executive GM of Investor Relations||no data||no data||no data|
|General Counsel & Company Secretary of Dexus Funds Management Limited||no data||no data||no data|
|Group General Manager of Development||5.83yrs||no data||no data|
|Head of Governance & Company Secretary of Dexus Funds Management Limited||2.75yrs||no data||no data|
|Head of Office & Industrial Leasing||no data||no data||no data|
|Regional General Manager of Office & Industrial||no data||no data||no data|
Experienced Management: DXS's management team is seasoned and experienced (5.4 years average tenure).
|CEO & Executive Director of DEXUS Funds Management Limited||8.58yrs||AU$4.27m||0.091% |
|Independent Non-Executive Director of DEXUS Funds Management Limited||6.33yrs||AU$224.09k||0.0030% |
|Independent Non-Executive Chairman of DEXUS Funds Management Limited||5yrs||AU$433.91k||0.0092% |
|Independent Non-Executive Director of DEXUS Funds Management Limited||3.92yrs||AU$220.23k||0.00092% |
|Independent Director||0.67yr||AU$66.92k||0.0018% |
|Independent Non-Executive Director of DEXUS Funds Management Limited||11.5yrs||AU$221.51k||0.0028% |
|Independent Non-Executive Director of DEXUS Funds Management Limited||9.17yrs||AU$258.22k||0.0018% |
|Independent Non-Executive Director of DEXUS Funds Management Limited||3.08yrs||AU$219.46k||0.0012% |
Experienced Board: DXS's board of directors are considered experienced (5.7 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$10.083b
- Shares outstanding: 1.09b
- Website: https://www.dexus.com
Number of Employees
- Australia Square
- Level 25
- New South Wales
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|DXS||ASX (Australian Securities Exchange)||Yes||Stapled Securities||AU||AUD||Oct 2004|
|DXSP.F||OTCPK (Pink Sheets LLC)||Yes||Stapled Securities||US||USD||Oct 2004|
|0DPS||DB (Deutsche Boerse AG)||Yes||Stapled Securities||DE||EUR||Oct 2004|
|DXS||CHIA (Chi-X Australia)||Yes||Stapled Securities||AU||AUD||Oct 2004|
Dexus is one of Australia’s leading real estate groups, managing a high quality Australian property portfolio valued at $32.0 billion. We believe that the strength and quality of our relationships is centr ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/24 10:33|
|End of Day Share Price||2020/10/23 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.