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Scentre GroupASX:SCG Stock Report

Market Cap AU$20.1b
Share Price
AU$3.83
AU$4.04
5.2% undervalued intrinsic discount
1Y5.8%
7D-0.8%
1D
Portfolio Value
View

Scentre Group

ASX:SCG Stock Report

Market Cap: AU$20.1b

SCG Community Fair Values

Create Narrative

See what 25 others think this stock is worth. Follow their fair value or set your own to get alerts.

Scentre Group Competitors

Price History & Performance

Summary of share price highs, lows and changes for Scentre Group
Historical stock prices
Current Share PriceAU$3.83
52 Week HighAU$4.27
52 Week LowAU$3.28
Beta0.89
1 Month Change3.23%
3 Month Change11.66%
1 Year Change5.80%
3 Year Change46.74%
5 Year Change39.27%
Change since IPO24.35%

Recent News & Updates

Narrative Update Jun 04

SCG: Distribution Outlook And Margin Assumptions Will Guide Future Income Visibility

Analysts have raised their price target on Scentre Group to A$4.04 from A$3.99, reflecting updated assumptions on fair value, discount rate, revenue trends, profit margins and future P/E that are aligned with recent broader sector research. What's in the News No recent company-specific news or key developments for Scentre Group are provided in the available sources.
Narrative Update Apr 26

SCG: Distribution Outlook And Margin Assumptions Will Shape Future Income Visibility

Analysts have trimmed their price target for Scentre Group to A$3.99 from A$4.07, reflecting updated assumptions around discount rates, revenue trends, profit margins, and a higher expected future P/E multiple. Analyst Commentary Recent target price adjustments for Scentre Group revolve around how the market is weighing discount rates, revenue expectations, profit margins, and the valuation multiple the shares might command in the future.
Narrative Update Apr 10

SCG: Distribution Guidance Will Support Future Income Visibility And Upside Potential

The analyst price target for Scentre Group has been adjusted slightly lower from A$4.13 to about A$4.07, with analysts pointing to small changes in the discount rate, fair value and expected P/E as they refine their assumptions. Analyst Commentary Bullish Takeaways Bullish analysts see incremental target changes in the sector as a signal that valuation work is becoming more refined, which can support tighter ranges for fair value estimates on Scentre Group.

Recent updates

Narrative Update Jun 04

SCG: Distribution Outlook And Margin Assumptions Will Guide Future Income Visibility

Analysts have raised their price target on Scentre Group to A$4.04 from A$3.99, reflecting updated assumptions on fair value, discount rate, revenue trends, profit margins and future P/E that are aligned with recent broader sector research. What's in the News No recent company-specific news or key developments for Scentre Group are provided in the available sources.
Narrative Update Apr 26

SCG: Distribution Outlook And Margin Assumptions Will Shape Future Income Visibility

Analysts have trimmed their price target for Scentre Group to A$3.99 from A$4.07, reflecting updated assumptions around discount rates, revenue trends, profit margins, and a higher expected future P/E multiple. Analyst Commentary Recent target price adjustments for Scentre Group revolve around how the market is weighing discount rates, revenue expectations, profit margins, and the valuation multiple the shares might command in the future.
Narrative Update Apr 10

SCG: Distribution Guidance Will Support Future Income Visibility And Upside Potential

The analyst price target for Scentre Group has been adjusted slightly lower from A$4.13 to about A$4.07, with analysts pointing to small changes in the discount rate, fair value and expected P/E as they refine their assumptions. Analyst Commentary Bullish Takeaways Bullish analysts see incremental target changes in the sector as a signal that valuation work is becoming more refined, which can support tighter ranges for fair value estimates on Scentre Group.
Narrative Update Mar 26

SCG: Distribution Guidance And Income Visibility Will Support Upside Potential

Analysts have trimmed their price target on Scentre Group slightly, with fair value moving from A$4.18 to A$4.13 as small adjustments to the discount rate, revenue outlook and future P/E assumptions flow through their models. Analyst Commentary Analysts are using the modest shift in fair value to refine how they think about Scentre Group’s valuation support and execution risks rather than to mark a major change in view.
Narrative Update Mar 10

SCG: Distribution Guidance And Income Visibility Will Support Fair Value

Analysts have trimmed their price target for Scentre Group to A$4.18 from A$4.33, reflecting updated assumptions for slightly softer revenue growth and margins, along with a modest adjustment to the discount rate and future P/E expectations. Analyst Commentary With the trimmed A$4.18 price target already reflecting more conservative assumptions on revenue, margins and P/E, recent Street commentary on other consumer and property related names still offers a useful read-across for how analysts are thinking about valuation and execution risk.
Narrative Update Feb 24

SCG: Dividend Outlook Will Support Fair Value Despite Higher Discount Rate

Analysts have trimmed their price target for Scentre Group by A$0.02 to A$4.33, citing slightly higher discount rate assumptions, a modestly lower profit margin outlook and a marginally adjusted future P/E multiple. What's in the News Scentre Group announced an estimated fully paid ordinary dividend of A$0.08905 per share for the six months ended December 31, 2025, with an ex date of February 12, 2026, a record date of February 13, 2026, and a payment date of February 27, 2026 (Key Developments).
Narrative Update Feb 09

SCG: Fair Value Will Balance Higher Discount Rate And Margin Outlook

Analysts have nudged their price target for Scentre Group slightly lower to A$4.35 from A$4.36, citing updated assumptions that combine a higher discount rate, modestly softer revenue expectations, a richer profit margin outlook, and a marginally lower future P/E multiple. Valuation Changes Fair Value: trimmed slightly to A$4.35 from A$4.36.
Narrative Update Jan 25

SCG: Stable Fair Value Will Reflect Updated Margins And Earnings Multiple

Analysts have nudged their price target for Scentre Group slightly higher to A$4.36 from A$4.31, reflecting updated assumptions around revenue growth, profit margins and the stock's future P/E multiple. Valuation Changes Fair Value: Now A$4.36, compared with A$4.31 previously, a small upward adjustment.
Narrative Update Jan 11

SCG: Stable Fair Value And Adjusted Assumptions Will Support Steady Future Performance

Analysts have made a small upward adjustment to their Scentre Group price target, now pegged at about A$4.31. This reflects refreshed assumptions around discount rates, revenue trends, profit margins and future P/E levels.
Narrative Update Dec 16

SCG: Stronger Margins And Lower Risk Will Support Steady Future Performance

Analysts have slightly lowered their price target for Scentre Group from A$4.32 to A$4.31, reflecting modestly higher profit margin expectations, offset by a reduced future price-to-earnings multiple and a marginally lower fair value estimate. Valuation Changes Fair Value Estimate has edged down slightly from A$4.32 to A$4.31 per share, reflecting a marginal reduction in long term intrinsic value.
Narrative Update Nov 26

SCG: Resilient Earnings And Stable Cash Flows Will Sustain Ongoing Performance

Scentre Group Analyst Price Target Updated Analysts have made a minor adjustment to Scentre Group's price target, citing marginal changes in profitability and discount rate assumptions. Overall fair value remains steady at $4.32.
Narrative Update Nov 12

SCG: Sales Resilience And Efficiency Improvements Will Support Ongoing Performance

Analysts have modestly increased their price target for Scentre Group. They raised the fair value estimate by $0.05 to $4.32 per share, citing improved discount rates and resilient sales performance as key factors for the adjustment.
Narrative Update Sep 26

Capital Intensive Projects Will Suffer As E-Commerce Erodes Foot Traffic

The slight increase in Scentre Group’s Future P/E ratio indicates a modest rise in market optimism despite stable profitability, leading to a higher consensus analyst price target of A$4.27. What's in the News Scentre Group announced an ordinary dividend of AUD 0.08815 per share for the six months ended June 30, 2025.
Narrative Update Aug 27

Residential Development In Hornsby And Belconnen Will Diversify Future Revenue Streams

Despite a slightly weaker outlook for revenue growth, Scentre Group’s valuation multiple has expanded, leading analysts to raise their consensus price target from A$3.86 to A$4.16. What's in the News Scentre Group announced an ordinary dividend of AUD 0.08815 per share for the six months ended June 30, 2025.
User avatar
New Narrative Feb 09

Expanding Westfield Sydney Will Attract More Visitors And New Merchants In The Future

Increased visitation and high occupancy rates bolster revenue growth opportunities through new leases, specialty rent, and attraction of business partners.

Shareholder Returns

SCGAU Retail REITsAU Market
7D-0.8%-0.6%-0.9%
1Y5.8%4.0%3.6%

Return vs Industry: SCG exceeded the Australian Retail REITs industry which returned 4% over the past year.

Return vs Market: SCG exceeded the Australian Market which returned 3.6% over the past year.

Price Volatility

Is SCG's price volatile compared to industry and market?
SCG volatility
SCG Average Weekly Movement2.7%
Retail REITs Industry Average Movement2.6%
Market Average Movement10.2%
10% most volatile stocks in AU Market17.5%
10% least volatile stocks in AU Market4.0%

Stable Share Price: SCG has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: SCG's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20142,799Elliott Chaim Rusanowwww.scentregroup.com

Scentre Group owns 42 Westfield destinations across Australia and New Zealand encompassing approximately 12,000 outlets. Our Purpose is creating extraordinary places and experiences that connect, enrich and are essential to our communities. Our Ambition is to create the places more people choose to come, more often and for longer.

Scentre Group Fundamentals Summary

How do Scentre Group's earnings and revenue compare to its market cap?
SCG fundamental statistics
Market capAU$20.11b
Earnings (TTM)AU$1.78b
Revenue (TTM)AU$2.69b
11.2x
P/E Ratio
7.4x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SCG income statement (TTM)
RevenueAU$2.69b
Cost of RevenueAU$772.00m
Gross ProfitAU$1.91b
Other ExpensesAU$134.50m
EarningsAU$1.78b

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)0.34
Gross Margin71.25%
Net Profit Margin66.24%
Debt/Equity Ratio78.5%

How did SCG perform over the long term?

See historical performance and comparison

Dividends

4.7%
Current Dividend Yield
72%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/23 08:41
End of Day Share Price 2026/06/23 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Scentre Group is covered by 22 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Benjamin BrayshawBarrenjoey Markets Pty Limited
Nicholas McGarrigleBarrenjoey Markets Pty Limited
Donald ChuaBofA Global Research