HDN Stock Overview
HomeCo Daily Needs REIT is an Australian Real Estate Investment Trust listed on the ASX with a mandate to invest in convenience-based assets across the target sub-sectors of Neighbourhood Retail, Large Format Retail and Health & Services.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$1.36|
|52 Week High||AU$1.70|
|52 Week Low||AU$1.13|
|1 Month Change||-4.90%|
|3 Month Change||-15.53%|
|1 Year Change||10.70%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||6.57%|
Recent News & Updates
|HDN||AU REITs||AU Market|
Return vs Industry: HDN underperformed the Australian REITs industry which returned 14.8% over the past year.
Return vs Market: HDN matched the Australian Market which returned 9.8% over the past year.
|HDN Average Weekly Movement||3.7%|
|REITs Industry Average Movement||3.0%|
|Market Average Movement||8.3%|
|10% most volatile stocks in AU Market||15.7%|
|10% least volatile stocks in AU Market||3.7%|
Stable Share Price: HDN is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: HDN's weekly volatility (4%) has been stable over the past year.
About the Company
HomeCo Daily Needs REIT is an Australian Real Estate Investment Trust listed on the ASX with a mandate to invest in convenience-based assets across the target sub-sectors of Neighbourhood Retail, Large Format Retail and Health & Services. HomeCo Daily Needs REIT aims to provide unitholders with consistent and growing distributions. HomeCo Daily Needs REIT(ASX:HDN) operates independently of Home Consortium Limited as of December 31, 2020.
HomeCo Daily Needs REIT Fundamentals Summary
|HDN fundamental statistics|
Is HDN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|HDN income statement (TTM)|
|Cost of Revenue||AU$22.27m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.05|
|Net Profit Margin||69.25%|
How did HDN perform over the long term?See historical performance and comparison
3.3%Current Dividend Yield
Is HomeCo Daily Needs REIT 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: HDN (A$1.36) is trading below our estimate of fair value (A$4.62)
Significantly Below Fair Value: HDN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HDN is poor value based on its PE Ratio (27.1x) compared to the Australian REITs industry average (9.6x).
PE vs Market: HDN is poor value based on its PE Ratio (27.1x) compared to the Australian market (18.6x).
Price to Earnings Growth Ratio
PEG Ratio: HDN is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: HDN's PB Ratio (1.2x) is in line with the AU REITs industry average.
How is HomeCo Daily Needs REIT forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HDN's forecast earnings growth (23.2% per year) is above the savings rate (1.9%).
Earnings vs Market: HDN's earnings (23.2% per year) are forecast to grow faster than the Australian market (11.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: HDN's revenue (20.8% per year) is forecast to grow faster than the Australian market (5.2% per year).
High Growth Revenue: HDN's revenue (20.8% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HDN's Return on Equity is forecast to be low in 3 years time (6.4%).
How has HomeCo Daily Needs REIT performed over the past 5 years?
Historical Real Estate annual earnings growth
Earnings and Revenue History
Quality Earnings: HDN has a large one-off gain of A$22.4M impacting its June 30 2021 financial results.
Growing Profit Margin: Insufficient data to determine if HDN's profit margins have improved over the past year.
Past Earnings Growth Analysis
Earnings Trend: Unable to establish if HDN's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
Accelerating Growth: Unable to compare HDN's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.
Earnings vs Industry: Insufficient data to determine if HDN's earnings growth over the past year exceeded the REITs industry average.
Return on Equity
High ROE: HDN's Return on Equity (4.5%) is considered low.
How is HomeCo Daily Needs REIT's financial position?
Financial Position Analysis
Short Term Liabilities: HDN's short term assets (A$268.8M) exceed its short term liabilities (A$31.5M).
Long Term Liabilities: HDN's short term assets (A$268.8M) do not cover its long term liabilities (A$425.8M).
Debt to Equity History and Analysis
Debt Level: HDN's net debt to equity ratio (17.7%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if HDN's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: HDN's debt is not well covered by operating cash flow (7.4%).
Interest Coverage: HDN's interest payments on its debt are well covered by EBIT (3.8x coverage).
What is HomeCo Daily Needs REIT current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HDN's dividend (3.25%) is higher than the bottom 25% of dividend payers in the Australian market (2.3%).
High Dividend: HDN's dividend (3.25%) is low compared to the top 25% of dividend payers in the Australian market (5.58%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether HDN's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if HDN's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (54.7%), HDN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HDN's dividends in 3 years are forecast to be covered by earnings (92.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
HomeCo Daily Needs REIT has no CEO, or we have no data on them.
Experienced Board: HDN's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HDN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 64%.
HomeCo Daily Needs REIT's employee growth, exchange listings and data sources
- Name: HomeCo Daily Needs REIT
- Ticker: HDN
- Exchange: ASX
- Founded: 2020
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: AU$1.131b
- Shares outstanding: 831.38m
- Website: https://www.home-co.com.au
- HomeCo Daily Needs REIT
- 19 Bay Street
- Double Bay
- New South Wales
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/12/03 16:12|
|End of Day Share Price||2021/12/03 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.