DEXUS

OTCPK:DEXS.F Stock Report

Market Cap: US$4.4b

DEXUS Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: DEXS.F ($4.37) is trading below our estimate of fair value ($6.55)

Significantly Below Fair Value: DEXS.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 DEXS.F?

Key metric: As DEXS.F is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for DEXS.F. This is calculated by dividing DEXS.F's market cap by their current revenue.
What is DEXS.F's PS Ratio?
PS Ratio21.1x
SalesAU$338.30m
Market CapAU$7.12b

Price to Sales Ratio vs Peers

How does DEXS.F's PS Ratio compare to its peers?

The above table shows the PS ratio for DEXS.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.5x
CUZ Cousins Properties
5.8x7.7%US$4.7b
DEI Douglas Emmett
3.1x1.3%US$3.6b
KRC Kilroy Realty
4.3x2.8%US$4.6b
CDP COPT Defense Properties
4.7x4.0%US$3.5b
DEXS.F DEXUS
21.1x16.5%US$7.1b

Price-To-Sales vs Peers: DEXS.F is expensive based on its Price-To-Sales Ratio (21.1x) compared to the peer average (4.4x).

Price to Sales Ratio vs Industry

How does DEXS.F's PS Ratio compare vs other companies in the US Office REITs Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
OPI Office Properties Income Trust
0.1x-6.3%US$59.69m
CMCT Creative Media & Community Trust
0.1xn/aUS$15.10m
No more companies available in this PS range
DEXS.F 21.1xIndustry Avg. 2.9xNo. of Companies3PS01.63.24.86.48+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: DEXS.F is expensive based on its Price-To-Sales Ratio (21.1x) compared to the US Office REITs industry average (2.9x).

Price to Sales Ratio vs Fair Ratio

What is DEXS.F's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DEXS.F PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio21.1x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate DEXS.F's Price-To-Sales 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 DEXS.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
US$5.04
0%
10.3%US$5.99US$4.07n/a10
Dec ’25n/a
US$5.30
0%
10.4%US$6.31US$4.29n/a10
Nov ’25n/a
US$5.30
0%
10.4%US$6.31US$4.29n/a10
Oct ’25US$4.75
US$5.55
+16.9%
14.1%US$7.47US$4.51n/a10
Sep ’25n/a
US$5.32
0%
14.8%US$7.34US$4.43n/a10
Aug ’25US$4.09
US$5.35
+30.9%
13.2%US$7.08US$4.27n/a10
Jul ’25n/a
US$5.54
0%
12.1%US$7.19US$4.91n/a10
Jun ’25n/a
US$5.54
0%
11.4%US$7.13US$4.87n/a10
May ’25US$4.44
US$5.43
+22.3%
10.3%US$6.96US$4.76n/a11
Apr ’25US$5.57
US$5.49
-1.4%
10.6%US$7.06US$4.83n/a11
Mar ’25n/a
US$5.49
0%
10.6%US$7.06US$4.83n/a11
Feb ’25US$5.33
US$5.43
+1.9%
11.7%US$7.10US$4.84n/a11
Jan ’25n/a
US$5.57
0%
11.4%US$7.24US$4.92n/a11
Dec ’24US$4.48
US$5.32
+18.6%
11.1%US$6.88US$4.68n/a11
Nov ’24US$4.25
US$5.31
+25.2%
11.1%US$6.90US$4.70n/a11
Oct ’24US$4.75
US$5.68
+19.7%
8.1%US$6.92US$5.19US$4.7511
Sep ’24US$5.06
US$5.68
+12.3%
8.1%US$6.92US$5.19n/a11
Aug ’24n/a
US$6.12
0%
8.2%US$7.33US$5.43US$4.0910
Jul ’24n/a
US$6.21
0%
8.1%US$7.33US$5.43n/a10
Jun ’24US$5.37
US$5.96
+10.9%
8.1%US$7.04US$5.21n/a10
May ’24US$5.06
US$6.24
+23.3%
8.8%US$7.24US$5.36US$4.4410
Apr ’24US$4.95
US$6.25
+26.2%
7.7%US$7.22US$5.62US$5.5711
Mar ’24n/a
US$6.62
0%
7.5%US$7.55US$5.87n/a12
Feb ’24US$5.89
US$6.56
+11.3%
9.5%US$7.59US$5.55US$5.3312
Jan ’24US$5.70
US$6.41
+12.5%
7.6%US$7.18US$5.49n/a12
Dec ’23US$5.08
US$6.41
+26.2%
7.6%US$7.18US$5.49US$4.4812

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 21:33
End of Day Share Price 2024/12/12 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

DEXUS is covered by 22 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Russell WrightAPP Securities Pty Ltd.
Russell WrightBarclay Pearce Capital Pty Limited
Benjamin BrayshawBarrenjoey Markets Pty Limited