Shopping Centres Australasia Property Group
Market Cap
AU$2.6b
Last Updated
2021/05/13 08:04 UTC
Data Sources
Company Financials +
Executive Summary
SCA Property Group (SCP) includes two internally managed real estate investment trusts owning a portfolio of quality neighbourhood and sub-regional shopping centres located across Australia. More Details
Rewards
Risk Analysis
+ 2 more risks
Snowflake Analysis
Average dividend payer and slightly overvalued.
Similar Companies
Share Price & News
How has Shopping Centres Australasia Property Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SCP is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: SCP's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-2.8%
SCP
-1.6%
AU REITs
-0.7%
AU Market
1 Year Return
12.2%
SCP
30.4%
AU REITs
35.4%
AU Market
Return vs Industry: SCP underperformed the Australian REITs industry which returned 30.4% over the past year.
Return vs Market: SCP underperformed the Australian Market which returned 35.4% over the past year.
Shareholder returns
| SCP | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.8% | -1.6% | -0.7% |
| 30 Day | -6.6% | 1.1% | 0.8% |
| 90 Day | -0.4% | 5.6% | 2.5% |
| 1 Year | 17.2%12.2% | 35.5%30.4% | 39.6%35.4% |
| 3 Year | 20.6%3.0% | 31.2%13.9% | 30.2%14.8% |
| 5 Year | 38.8%5.7% | 42.4%11.2% | 61.7%31.7% |
Long-Term Price Volatility Vs. Market
How volatile is Shopping Centres Australasia Property Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
How Much Of Shopping Centres Australasia Property Group (ASX:SCP) Do Institutions Own?1 month ago | Simply Wall St
Should Shopping Centres Australasia Property Group (ASX:SCP) Be Disappointed With Their 18% Profit?2 months ago | Simply Wall St
Is Shopping Centres Australasia Property Group's (ASX:SCP) Recent Performancer Underpinned By Weak Financials?Valuation
Is Shopping Centres Australasia Property Group undervalued compared to its fair value and its price relative to the market?
40.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SCP (A$2.4) is trading below our estimate of fair value (A$4.02)
Significantly Below Fair Value: SCP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SCP is poor value based on its PE Ratio (25.3x) compared to the Australian REITs industry average (18.9x).
PE vs Market: SCP is poor value based on its PE Ratio (25.3x) compared to the Australian market (20.1x).
Price to Earnings Growth Ratio
PEG Ratio: SCP is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: SCP is overvalued based on its PB Ratio (232.8x) compared to the AU REITs industry average (1.1x).
Future Growth
How is Shopping Centres Australasia Property Group forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
14.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SCP's forecast earnings growth (14.4% per year) is above the savings rate (1.9%).
Earnings vs Market: SCP's earnings (14.4% per year) are forecast to grow faster than the Australian market (13.3% per year).
High Growth Earnings: SCP's earnings are forecast to grow, but not significantly.
Revenue vs Market: SCP's revenue (3.6% per year) is forecast to grow slower than the Australian market (4.9% per year).
High Growth Revenue: SCP's revenue (3.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SCP's Return on Equity is forecast to be low in 3 years time (7.3%).
Past Performance
How has Shopping Centres Australasia Property Group performed over the past 5 years?
-16.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SCP has a large one-off loss of A$38.5M impacting its December 31 2020 financial results.
Growing Profit Margin: SCP's current net profit margins (34.4%) are lower than last year (54.5%).
Past Earnings Growth Analysis
Earnings Trend: SCP's earnings have declined by 16.8% per year over the past 5 years.
Accelerating Growth: SCP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SCP had negative earnings growth (-38.7%) over the past year, making it difficult to compare to the REITs industry average (-1.2%).
Return on Equity
High ROE: SCP's Return on Equity (4%) is considered low.
Financial Health
How is Shopping Centres Australasia Property Group's financial position?
Financial Position Analysis
Short Term Liabilities: SCP's short term assets (A$58.3M) do not cover its short term liabilities (A$122.6M).
Long Term Liabilities: SCP's short term assets (A$58.3M) do not cover its long term liabilities (A$1.1B).
Debt to Equity History and Analysis
Debt Level: SCP's debt to equity ratio (43.7%) is considered high.
Reducing Debt: SCP's debt to equity ratio has reduced from 56.6% to 43.7% over the past 5 years.
Debt Coverage: SCP's debt is not well covered by operating cash flow (12.3%).
Interest Coverage: SCP's interest payments on its debt are not well covered by EBIT (2.7x coverage).
Balance Sheet
Dividend
What is Shopping Centres Australasia Property Group current dividend yield, its reliability and sustainability?
5.21%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SCP's dividend (5.21%) is higher than the bottom 25% of dividend payers in the Australian market (2.11%).
High Dividend: SCP's dividend (5.21%) is in the top 25% of dividend payers in the Australian market (5.19%)
Stability and Growth of Payments
Stable Dividend: SCP has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: SCP's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (91.8%), SCP's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SCP's dividends in 3 years are forecast to be covered by earnings (88% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.1yrs
Average management tenure
CEO
Anthony Michael Mellowes
8.5yrs
Tenure
AU$1,466,968
Compensation
Mr. Anthony Michael Grainger Mellowes serves as the Chief Executive Officer at Shopping Centres Australasia Property Group Re Limited, a Responsible Entity of Shopping Centres Australasia Property Group si...
CEO Compensation Analysis
Compensation vs Market: Anthony Michael's total compensation ($USD1.14M) is about average for companies of similar size in the Australian market ($USD1.29M).
Compensation vs Earnings: Anthony Michael's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: SCP's management team is seasoned and experienced (8.1 years average tenure).
Board Members
Experienced Board: SCP's board of directors are considered experienced (7.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SCP insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.1%.
Top Shareholders
Company Information
Shopping Centres Australasia Property Group's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Shopping Centres Australasia Property Group
- Ticker: SCP
- Exchange: ASX
- Founded: 2012
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: AU$2.624b
- Shares outstanding: 1.08b
- Website: https://www.scaproperty.com.au
Location
- Shopping Centres Australasia Property Group
- 50 Pitt Street
- Level 5
- Sydney
- New South Wales
- 2000
- Australia
Listings
Biography
SCA Property Group (SCP) includes two internally managed real estate investment trusts owning a portfolio of quality neighbourhood and sub-regional shopping centres located across Australia. The SCA Proper...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/13 08:04 |
| End of Day Share Price | 2021/05/13 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.