Snowflake Score | |
---|---|
Valuation | 5/6 |
Future Growth | 1/6 |
Past Performance | 5/6 |
Financial Health | 2/6 |
Dividends | 3/6 |
SCP Stock Overview
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.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 25.2% per year for the next 3 years
+ 1 more risk
Shopping Centres Australasia Property Group Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | AU$2.93 |
52 Week High | AU$3.16 |
52 Week Low | AU$2.56 |
Beta | 0.34 |
1 Month Change | 3.53% |
3 Month Change | 1.03% |
1 Year Change | 12.69% |
3 Year Change | 13.57% |
5 Year Change | 32.58% |
Change since IPO | 103.47% |
Recent News & Updates
Shareholder Returns
SCP | AU REITs | AU Market | |
---|---|---|---|
7D | -0.3% | -1.2% | 0.7% |
1Y | 12.7% | -9.7% | -8.0% |
Return vs Industry: SCP exceeded the Australian REITs industry which returned -9.7% over the past year.
Return vs Market: SCP exceeded the Australian Market which returned -8% over the past year.
Price Volatility
SCP volatility | |
---|---|
SCP Average Weekly Movement | 3.4% |
REITs Industry Average Movement | 4.1% |
Market Average Movement | 10.5% |
10% most volatile stocks in AU Market | 17.6% |
10% least volatile stocks in AU Market | 4.6% |
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.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
2012 | n/a | Anthony Michael Mellowes | https://www.scaproperty.com.au |
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 Property Group invests in shopping centres predominantly anchored by non-discretionary retailers, with long term leases to tenants such as Woolworths Limited, Coles Group Limited and companies in the Wesfarmers Limited group. The SCA Property Group is a stapled entity comprising Shopping Centres Australasia Property Management Trust (ARSN 160 612 626) and Shopping Centres Australasia Property Retail Trust (ARSN 160 612 788).
Shopping Centres Australasia Property Group Fundamentals Summary
SCP fundamental statistics | |
---|---|
Market Cap | AU$3.21b |
Earnings (TTM) | AU$792.40m |
Revenue (TTM) | AU$332.20m |
4.1x
P/E Ratio9.8x
P/S RatioIs SCP overvalued?
See Fair Value and valuation analysisEarnings & Revenue
SCP income statement (TTM) | |
---|---|
Revenue | AU$332.20m |
Cost of Revenue | AU$110.60m |
Gross Profit | AU$221.60m |
Other Expenses | -AU$570.80m |
Earnings | AU$792.40m |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
Aug 16, 2022
Earnings per share (EPS) | 0.71 |
Gross Margin | 66.71% |
Net Profit Margin | 238.53% |
Debt/Equity Ratio | 51.7% |
How did SCP perform over the long term?
See historical performance and comparisonDividends
4.9%
Current Dividend Yield74%
Payout RatioValuation
Is SCP undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast
Key Valuation Metric
Which metric is best to use when looking at relative valuation for SCP?
Other financial metrics that can be useful for relative valuation.
What is SCP's n/a Ratio? | |
---|---|
n/a Ratio | 0x |
n/a | n/a |
Market Cap | AU$3.21b |
Key Statistics | |
---|---|
Enterprise Value/Revenue | 24x |
Enterprise Value/EBITDA | n/a |
PEG Ratio | -0.2x |
Price to Earnings Ratio vs Peers
How does SCP's PE Ratio compare to its peers?
SCP PE Ratio vs Peers |
---|
Company | PE | Estimated Growth | Market Cap |
---|---|---|---|
Peer Average | 19.8x | ||
HDN HomeCo Daily Needs REIT | 65.7x | 26.4% | AU$2.8b |
BWP BWP Trust | 5.4x | -36.6% | AU$2.6b |
WPR Waypoint REIT | 4.1x | -40.0% | AU$1.8b |
CQR Charter Hall Retail REIT | 4x | -14.4% | AU$2.3b |
SCP Shopping Centres Australasia Property Group | 4.1x | -25.2% | AU$3.2b |
Price-To-Earnings vs Peers: SCP is good value based on its Price-To-Earnings Ratio (4.1x) compared to the peer average (19.8x).
Price to Earnings Ratio vs Industry
How does SCP's PE Ratio compare vs other companies in the AU REITs Industry?
Price-To-Earnings vs Industry: SCP is good value based on its Price-To-Earnings Ratio (4.1x) compared to the Australian REITs industry average (6.7x)
Price to Earnings Ratio vs Fair Ratio
What is SCP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
Fair Ratio | |
---|---|
Current PE Ratio | 4.1x |
Fair PE Ratio | 8.1x |
Price-To-Earnings vs Fair Ratio: SCP is good value based on its Price-To-Earnings Ratio (4.1x) compared to the estimated Fair Price-To-Earnings Ratio (8.1x).
Share Price vs Fair Value
What is the Fair Price of SCP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: SCP (A$2.93) is trading below our estimate of fair value (A$4.73)
Significantly Below Fair Value: SCP is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is lower than the current share price.
Discover undervalued companies
Future Growth
How is Shopping Centres Australasia Property Group forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
Future Growth Score
1/6Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
-25.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SCP's earnings are forecast to decline over the next 3 years (-25.2% per year).
Earnings vs Market: SCP's earnings are forecast to decline over the next 3 years (-25.2% per year).
High Growth Earnings: SCP's earnings are forecast to decline over the next 3 years.
Revenue vs Market: SCP's revenue (5.7% per year) is forecast to grow faster than the Australian market (5.6% per year).
High Growth Revenue: SCP's revenue (5.7% 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 (5.8%).
Discover growth companies
Past Performance
How has Shopping Centres Australasia Property Group performed over the past 5 years?
Past Performance Score
5/6Past Performance Score 5/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
17.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SCP has a large one-off gain of A$640.6M impacting its December 31 2021 financial results.
Growing Profit Margin: SCP's current net profit margins are higher than last year (34.4%).
Past Earnings Growth Analysis
Earnings Trend: SCP's earnings have grown by 17% per year over the past 5 years.
Accelerating Growth: SCP's earnings growth over the past year (706.9%) exceeds its 5-year average (17% per year).
Earnings vs Industry: SCP earnings growth over the past year (706.9%) exceeded the REITs industry 182.6%.
Return on Equity
High ROE: SCP's Return on Equity (25.1%) is considered high.
Discover strong past performing companies
Financial Health
How is Shopping Centres Australasia Property Group's financial position?
Financial Health Score
2/6Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: SCP's short term assets (A$380.3M) exceed its short term liabilities (A$159.3M).
Long Term Liabilities: SCP's short term assets (A$380.3M) do not cover its long term liabilities (A$1.6B).
Debt to Equity History and Analysis
Debt Level: SCP's net debt to equity ratio (51.1%) is considered high.
Reducing Debt: SCP's debt to equity ratio has increased from 49.1% to 51.7% over the past 5 years.
Debt Coverage: SCP's debt is not well covered by operating cash flow (10.5%).
Interest Coverage: SCP's interest payments on its debt are well covered by EBIT (12.6x coverage).
Balance Sheet
Discover healthy companies
Dividend
What is Shopping Centres Australasia Property Group current dividend yield, its reliability and sustainability?
Dividend Score
3/6Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
4.91%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SCP's dividend (4.91%) is higher than the bottom 25% of dividend payers in the Australian market (2.65%).
High Dividend: SCP's dividend (4.91%) is low compared to the top 25% of dividend payers in the Australian market (6.3%).
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 9 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (73.9%), SCP's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (93.4%), SCP's dividend payments are covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
9.0yrs
Average management tenure
CEO
Anthony Michael Mellowes
9.75yrs
Tenure
AU$1,969,988
Compensation
Mr. Anthony Michael Grainger Mellowes serves as the Chief Executive Officer at Shopping Centres Australasia Property Group Re Limited, a Responsible Entity of Shopping Centres Australasia Property Group si...
CEO Compensation Analysis
Compensation vs Market: Anthony Michael's total compensation ($USD1.38M) is about average for companies of similar size in the Australian market ($USD1.56M).
Compensation vs Earnings: Anthony Michael's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: SCP's management team is seasoned and experienced (9 years average tenure).
Board Members
Experienced Board: SCP's board of directors are considered experienced (7.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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 3.4%.
Top Shareholders
Company Information
Shopping Centres Australasia Property Group's 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
- Implied Market Cap: AU$3.215b
- Shares outstanding: 1.12b
- Website: https://www.scaproperty.com.au
Location
- Shopping Centres Australasia Property Group
- 50 Pitt Street
- Level 5
- Sydney
- New South Wales
- 2000
- Australia
Listings
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/08/09 00:00 |
End of Day Share Price | 2022/08/09 00:00 |
Earnings | 2021/12/31 |
Annual Earnings | 2021/06/30 |
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.