Vicinity Centres (Vicinity or the Group) is one of Australia’s leading retail property groups with a fully integrated asset management platform, and $24 billion in retail assets under management across 64 shopping centres, making it the second largest listed manager of Australian retail property. More Details
Fair value with moderate growth potential.
Share Price & News
How has Vicinity Centres's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CNRA.F has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: CNRA.F underperformed the US REITs industry which returned -14.2% over the past year.
Return vs Market: CNRA.F underperformed the US Market which returned 18.3% over the past year.
Price Volatility Vs. Market
How volatile is Vicinity Centres's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Vicinity Centres 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: CNRA.F ($1.06) is trading below our estimate of fair value ($1.94)
Significantly Below Fair Value: CNRA.F is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CNRA.F is unprofitable, so we can't compare its PE Ratio to the US REITs industry average.
PE vs Market: CNRA.F is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CNRA.F's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CNRA.F is good value based on its PB Ratio (0.6x) compared to the US REITs industry average (1.4x).
How is Vicinity Centres forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CNRA.F is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
Earnings vs Market: CNRA.F is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: CNRA.F's is expected to become profitable in the next 3 years.
Revenue vs Market: CNRA.F's revenue is expected to decline over the next 3 years (-1.2% per year).
High Growth Revenue: CNRA.F's revenue is forecast to decline over the next 3 years (-1.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CNRA.F's Return on Equity is forecast to be low in 3 years time (5.5%).
How has Vicinity Centres performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CNRA.F is currently unprofitable.
Growing Profit Margin: CNRA.F is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CNRA.F is unprofitable, and losses have increased over the past 5 years at a rate of 29.4% per year.
Accelerating Growth: Unable to compare CNRA.F's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CNRA.F is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (5.1%).
Return on Equity
High ROE: CNRA.F has a negative Return on Equity (-17.06%), as it is currently unprofitable.
How is Vicinity Centres's financial position?
Financial Position Analysis
Short Term Liabilities: CNRA.F's short term assets (A$360.9M) exceed its short term liabilities (A$356.3M).
Long Term Liabilities: CNRA.F's short term assets (A$360.9M) do not cover its long term liabilities (A$4.3B).
Debt to Equity History and Analysis
Debt Level: CNRA.F's debt to equity ratio (39.6%) is considered satisfactory.
Reducing Debt: CNRA.F's debt to equity ratio has reduced from 40.7% to 39.6% over the past 5 years.
Debt Coverage: CNRA.F's debt is not well covered by operating cash flow (11.3%).
Interest Coverage: CNRA.F is unprofitable, therefore interest payments are not well covered by earnings.
What is Vicinity Centres's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CNRA.F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CNRA.F's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CNRA.F's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CNRA.F's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: CNRA.F is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CNRA.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Grant Lewis Kelley (55 yo)
Mr. Grant Lewis Kelley has been the Chief Executive Officer, Managing Director and Director of Vicinity Centres since January 01, 2018. Mr. Kelley had been the Chief Executive Officer at City Developments ...
CEO Compensation Analysis
Compensation vs Market: Grant Lewis's total compensation ($USD1.61M) is below average for companies of similar size in the US market ($USD5.61M).
Compensation vs Earnings: Grant Lewis's compensation has increased whilst the company is unprofitable.
|CEO, MD & Director||2.75yrs||AU$2.27m||0.0074% |
|Chief Operating Officer||1.58yrs||AU$1.45m||0.0011% |
|Chief Financial Officer||1.08yrs||no data||no data|
|Acting Chief Information Officer||1.75yrs||no data||no data|
|Head of Investor Relations||no data||no data||no data|
|General Counsel & Company Secretary||no data||no data||no data|
|Head of Corporate Communications||no data||no data||no data|
|Chief People & Culture Officer||1yr||no data||no data|
|Chief Strategy Officer||1.83yrs||no data||no data|
|Chief Development Officer||1.75yrs||no data||no data|
|Company Secretary||2.67yrs||no data||no data|
|Senior Investor Relations Manager||no data||no data||no data|
Experienced Management: CNRA.F's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
|CEO, MD & Director||2.75yrs||AU$2.27m||0.0074% |
|Independent Non-Executive Director||8.83yrs||AU$226.60k||0.0014% |
|Independent Chairman of the Board||0.92yr||AU$206.00k||0.0049% |
|Non-Executive Director||5.33yrs||AU$185.40k||0.31% |
|Independent Non Executive Director||no data||AU$226.60k||0.00095% |
|Non-Executive Director||2.08yrs||AU$137.33k||0.00071% |
|Independent Non-Executive Director||5.33yrs||AU$226.60k||0.0013% |
|Independent Non-Executive Director||2.83yrs||AU$185.40k||0.0014% |
Experienced Board: CNRA.F's board of directors are not considered experienced ( 2.8 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: CNRA.F insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 21%.
Vicinity Centres's company bio, employee growth, exchange listings and data sources
- Name: Vicinity Centres
- Ticker: CNRA.F
- Exchange: OTCPK
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: AU$6.032b
- Listing Market Cap: AU$4.290b
- Shares outstanding: 4.55b
- Website: https://www.vicinity.com.au
Number of Employees
- Vicinity Centres
- Chadstone Tower One
- Level 4
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|VCX||ASX (Australian Securities Exchange)||Yes||Stapled Securities||AU||AUD||Jun 2015|
|CNRA.F||OTCPK (Pink Sheets LLC)||Yes||Stapled Securities||US||USD||Jun 2015|
|VCX||CHIA (Chi-X Australia)||Yes||Stapled Securities||AU||AUD||Jun 2015|
|C98||DB (Deutsche Boerse AG)||Yes||Stapled Securities||DE||EUR||Jun 2015|
Vicinity Centres (Vicinity or the Group) is one of Australia’s leading retail property groups with a fully integrated asset management platform, and $24 billion in retail assets under management across 64 ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/24 00:10|
|End of Day Share Price||2020/10/01 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.