Vicinity Centres

OTCPK:CNRA.F Stock Report

Market Cap: US$6.1b

Vicinity Centres Valuation

Is CNRA.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CNRA.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
US$1.35
Fair Value
28.2% undervalued intrinsic discount
10
Number of Analysts

Below Fair Value: CNRA.F ($0.97) is trading below our estimate of fair value ($1.35)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CNRA.F?

Key metric: As CNRA.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CNRA.F. This is calculated by dividing CNRA.F's market cap by their current earnings.
What is CNRA.F's PE Ratio?
PE Ratio17.8x
EarningsAU$547.10m
Market CapAU$9.74b

Price to Earnings Ratio vs Peers

How does CNRA.F's PE Ratio compare to its peers?

The above table shows the PE ratio for CNRA.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average45.7x
PECO Phillips Edison
76.6x17.6%US$4.9b
NNN NNN REIT
18.8x2.2%US$7.4b
BRX Brixmor Property Group
24.2x-0.4%US$7.8b
MAC Macerich
63x5.3%US$5.1b
CNRA.F Vicinity Centres
17.8x5.9%US$9.7b

Price-To-Earnings vs Peers: CNRA.F is good value based on its Price-To-Earnings Ratio (17.8x) compared to the peer average (45.7x).

Price to Earnings Ratio vs Industry

How does CNRA.F's PE Ratio compare vs other companies in the US Retail REITs Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SITC SITE Centers
1.1x-114.2%US$788.55m
RVIC Retail Value
0.2xn/aUS$5.72m
No more companies available in this PE range
No. of Companies4PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CNRA.F is good value based on its Price-To-Earnings Ratio (17.8x) compared to the US Retail REITs industry average (32.7x).

Price to Earnings Ratio vs Fair Ratio

What is CNRA.F'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.

CNRA.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CNRA.F's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CNRA.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$0.97
US$1.44
+48.1%
5.9%US$1.57US$1.28n/a10
Jan ’26n/a
US$1.50
0%
5.4%US$1.64US$1.34n/a10
Dec ’25n/a
US$1.50
0%
5.4%US$1.64US$1.34n/a10
Nov ’25n/a
US$1.50
0%
5.4%US$1.64US$1.34n/a10
Oct ’25n/a
US$1.56
0%
5.4%US$1.73US$1.41n/a10
Sep ’25n/a
US$1.48
0%
7.7%US$1.66US$1.26n/a12
Aug ’25n/a
US$1.39
0%
6.9%US$1.56US$1.24n/a12
Jul ’25n/a
US$1.39
0%
6.6%US$1.56US$1.24n/a13
Jun ’25n/a
US$1.38
0%
7.0%US$1.58US$1.23n/a13
May ’25US$1.18
US$1.38
+16.7%
6.6%US$1.58US$1.22n/a14
Apr ’25n/a
US$1.37
0%
6.6%US$1.58US$1.22n/a14
Mar ’25n/a
US$1.36
0%
6.4%US$1.57US$1.22n/a14
Feb ’25n/a
US$1.31
0%
7.2%US$1.58US$1.18n/a13
Jan ’25n/a
US$1.27
0%
8.0%US$1.48US$1.07n/a13
Dec ’24US$1.18
US$1.24
+5.4%
8.0%US$1.44US$1.04n/a13
Nov ’24n/a
US$1.24
0%
8.0%US$1.44US$1.04n/a13
Oct ’24n/a
US$1.30
0%
5.5%US$1.45US$1.17n/a13
Sep ’24n/a
US$1.30
0%
5.4%US$1.44US$1.17n/a14
Aug ’24US$1.33
US$1.36
+1.9%
6.4%US$1.52US$1.20n/a14
Jul ’24n/a
US$1.39
0%
6.3%US$1.56US$1.21n/a14
Jun ’24n/a
US$1.34
0%
5.5%US$1.50US$1.23n/a14
May ’24n/a
US$1.39
0%
5.6%US$1.54US$1.26US$1.1813
Apr ’24n/a
US$1.39
0%
5.6%US$1.54US$1.26n/a13
Mar ’24n/a
US$1.42
0%
5.7%US$1.58US$1.29n/a14
Feb ’24n/a
US$1.43
0%
5.5%US$1.61US$1.34n/a14
Jan ’24US$1.31
US$1.33
+1.1%
5.8%US$1.48US$1.17n/a15
Analyst Price Target
Consensus Narrative from 10 Analysts
US$1.04
Fair Value
6.6% undervalued intrinsic discount
10
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/24 19:33
End of Day Share Price 2025/01/21 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

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 here.

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 .

Analyst Sources

Vicinity Centres is covered by 21 analysts. 10 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
Simon GaringBell Potter