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WPR

Waypoint REITASX:WPR Stock Report

Market Cap

AU$2.2b

7D

-0.4%

1Y

2.2%

Updated

20 Oct, 2021

Data

Company Financials +
WPR fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health3/6
Dividends4/6

WPR Overview

Waypoint REIT is Australia’s largest listed REIT owning solely service station and convenience retail properties with a high quality portfolio of properties across all Australian States and mainland Territories.

Waypoint REIT Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Waypoint REIT
Historical stock prices
Current Share PriceAU$2.77
52 Week HighAU$2.32
52 Week LowAU$2.87
Beta0.20
1 Month Change1.84%
3 Month Change8.20%
1 Year Change2.21%
3 Year Change28.84%
5 Year Change21.49%
Change since IPO8.20%

Recent News & Updates

Shareholder Returns

WPRAU REITsAU Market
7D-0.4%1.5%1.7%
1Y2.2%21.5%20.2%

Return vs Industry: WPR underperformed the Australian REITs industry which returned 21.5% over the past year.

Return vs Market: WPR underperformed the Australian Market which returned 20.2% over the past year.

Price Volatility

Is WPR's price volatile compared to industry and market?
WPR volatility
WPR Beta0.20
Industry Beta0.86
Market Beta1

Stable Share Price: WPR is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: WPR's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aHadyn Stephenshttps://www.waypointreit.com.au

Waypoint REIT is Australia’s largest listed REIT owning solely service station and convenience retail properties with a high quality portfolio of properties across all Australian States and mainland Territories. Waypoint REIT’s objective is to maximize the long-term income and capital returns from its ownership of the portfolio for the benefit of all security holders. Waypoint REIT is a stapled entity in which one share in Waypoint REIT Limited (ABN 35 612 986 517) is stapled to one unit in the Waypoint REIT Trust (ARSN 613 146 464).

Waypoint REIT Fundamentals Summary

How do Waypoint REIT's earnings and revenue compare to its market cap?
WPR fundamental statistics
Market CapAU$2.15b
Earnings (TTM)AU$394.80m
Revenue (TTM)AU$182.60m

5.5x

P/E Ratio

11.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WPR income statement (TTM)
RevenueAU$182.60m
Cost of RevenueAU$9.10m
Gross ProfitAU$173.50m
Expenses-AU$221.30m
EarningsAU$394.80m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.51
Gross Margin95.02%
Net Profit Margin216.21%
Debt/Equity Ratio39.2%

How did WPR perform over the long term?

See historical performance and comparison

Dividends

5.7%

Current Dividend Yield

88%

Payout Ratio

Does WPR pay a reliable dividends?

See WPR dividend history and benchmarks
When do you need to buy WPR by to receive an upcoming dividend?
Waypoint REIT dividend dates
Ex Dividend DateNov 04 2021
Dividend Pay DateNov 12 2021
Days until Ex dividend14 days
Days until Dividend pay date22 days

Does WPR pay a reliable dividends?

See WPR dividend history and benchmarks

Valuation

Is Waypoint REIT undervalued compared to its fair value and its price relative to the market?

21.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: WPR (A$2.77) is trading below our estimate of fair value (A$3.51)

Significantly Below Fair Value: WPR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: WPR is good value based on its PE Ratio (5.5x) compared to the Australian REITs industry average (9.6x).

PE vs Market: WPR is good value based on its PE Ratio (5.5x) compared to the Australian market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: WPR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: WPR is overvalued based on its PB Ratio (321.7x) compared to the AU REITs industry average (1.2x).


Future Growth

How is Waypoint REIT forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

-34.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WPR's earnings are forecast to decline over the next 3 years (-34.7% per year).

Earnings vs Market: WPR's earnings are forecast to decline over the next 3 years (-34.7% per year).

High Growth Earnings: WPR's earnings are forecast to decline over the next 3 years.

Revenue vs Market: WPR's revenue is expected to decline over the next 3 years (-0.6% per year).

High Growth Revenue: WPR's revenue is forecast to decline over the next 3 years (-0.6% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: WPR's Return on Equity is forecast to be low in 3 years time (5.7%).


Past Performance

How has Waypoint REIT performed over the past 5 years?

29.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WPR has a large one-off gain of A$253.7M impacting its June 30 2021 financial results.

Growing Profit Margin: WPR's current net profit margins are higher than last year .


Past Earnings Growth Analysis

Earnings Trend: WPR's earnings have grown significantly by 29.8% per year over the past 5 years.

Accelerating Growth: WPR's earnings growth over the past year (42.2%) exceeds its 5-year average (29.8% per year).

Earnings vs Industry: WPR earnings growth over the past year (42.2%) underperformed the REITs industry 106.4%.


Return on Equity

High ROE: WPR's Return on Equity (18.3%) is considered low.


Financial Health

How is Waypoint REIT's financial position?


Financial Position Analysis

Short Term Liabilities: WPR's short term assets (A$166.4M) exceed its short term liabilities (A$76.9M).

Long Term Liabilities: WPR's short term assets (A$166.4M) do not cover its long term liabilities (A$873.0M).


Debt to Equity History and Analysis

Debt Level: WPR's debt to equity ratio (39.2%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if WPR's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: WPR's debt is not well covered by operating cash flow (14.4%).

Interest Coverage: WPR's interest payments on its debt are well covered by EBIT (5.2x coverage).


Balance Sheet


Dividend

What is Waypoint REIT current dividend yield, its reliability and sustainability?

5.70%

Current Dividend Yield


Upcoming Dividend Payment

TodayOct 21 2021Ex Dividend DateNov 04 2021Dividend Pay DateNov 12 20218 days from Ex DividendBuy in the next 14 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: WPR's dividend (5.7%) is higher than the bottom 25% of dividend payers in the Australian market (2.27%).

High Dividend: WPR's dividend (5.7%) is in the top 25% of dividend payers in the Australian market (5.33%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, WPR has been paying a dividend for less than 10 years.

Growing Dividend: WPR's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (88.4%), WPR's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: WPR's dividends in 3 years are forecast to be covered by earnings (99.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.3yrs

Average board tenure


CEO

Hadyn Stephens

no data

Tenure

AU$630,699

Compensation

Mr. Hadyn Stephens serves as Chief Executive Officer of Waypoint REIT (formerly known as Viva Energy REIT). He has experience in finance and commercial real estate, strategy and transaction related roles i...


CEO Compensation Analysis

Compensation vs Market: Hadyn's total compensation ($USD471.55K) is below average for companies of similar size in the Australian market ($USD1.40M).

Compensation vs Earnings: Insufficient data to compare Hadyn's compensation with company performance.


Board Members

Experienced Board: WPR's board of directors are considered experienced (5.3 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Waypoint REIT Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Waypoint REIT Limited
  • Ticker: WPR
  • Exchange: ASX
  • Founded: NaN
  • Industry: Retail REITs
  • Sector: Real Estate
  • Market Cap: AU$2.155b
  • Shares outstanding: 777.88m
  • Website: https://www.waypointreit.com.au

Location

  • Waypoint REIT Limited
  • 720 Bourke Street
  • Level 16
  • Docklands
  • Victoria
  • 3008
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 15:34
End of Day Share Price2021/10/20 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.