REGION GROUP (RGN)
Share Price Analysis and Chart

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RGN - REGION GROUP

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 8.42
Index: ASX300 | ALL-ORDS

Region Group changed its name in late November 2022 from SCA Property Group, which was previously spun-off from Woolworths.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.21

22 Jul
2024

-0.020

OPEN

$2.26

-0.90%

HIGH

$2.27

2,779,162

LOW

$2.21

TARGET
$2.51 13.6% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . ASK . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DXC . DXI . DXS . ECF . GDF . GDI . HCW . HDN . NSR . PLG . REP . RFF . SCG . TGP . URW . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
RGN: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx - 10.9 15.0 xxx
DPS (cps) xxx 15.2 13.7 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx 0.0% - 9.9% xxx
PE Ratio xxx N/A 14.9 xxx
Dividend Yield xxx N/A 6.1% xxx
Div Pay Ratio(%) xxx N/A 91.5% xxx

Dividend yield today if purchased 3 years ago: 6.13%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.82

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 28/12 - ex-div 6.7c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-10.9
DPS All xxxxxxxxxxxxxxx15.2
Sales/Revenue xxxxxxxxxxxxxxx352.4 M
Book Value Per Share xxxxxxxxxxxxxxx254.9
Net Operating Cash Flow xxxxxxxxxxxxxxx176.8 M
Net Profit Margin xxxxxxxxxxxxxxx-35.07 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-4.08 %
Return on Invested Capital xxxxxxxxxxxxxxx-2.82 %
Return on Assets xxxxxxxxxxxxxxx-2.65 %
Return on Equity xxxxxxxxxxxxxxx-4.08 %
Return on Total Capital xxxxxxxxxxxxxxx4.06 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx2.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx225 M
Long Term Debt xxxxxxxxxxxxxxx1,310 M
Total Debt xxxxxxxxxxxxxxx1,535 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx24 M
Price To Book Value xxxxxxxxxxxxxxx0.89

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx0.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.00 %
Cost of Goods Sold xxxxxxxxxxxxxxx125 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx45 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx4,504 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

05/07/2024

1

Buy

$2.58

16.74%

Through a broad sector update on A-REITs, UBS analysts argue the sector is now less likely to find support from RBA rate cuts (as many REITs are growth challenged and funds management benefits are harder to achieve) and valuations for the winners in the sector are seen as "stretched" in the here and now.

Developers are faced with tougher conditions, with asset sales on the menu (and a must for some). Performance fees for fund managers will be much harder to achieve.

UBS has reduced forecasts across the board, placing the broker's numbers below consensus in most cases.

The broker's rating for Region Group remains Buy. The price target remains $2.58.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxx-xxxxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Moelis

12/02/2024

1

Buy

$2.54

14.93%

Region Group reported 1H24 results with funds from operations of 7.6c and FY24 management guidance retained, notes Moelis.

Management restructured the interest rate hedges which is expected to lower interest rate costs in FY25 and FY26, while the NTA declined -4% in the 1H24 to $2.45 (with the rise in interest rates) to 6.04% from 5.85%.

Operationally, the results were mixed, with Supermarket and non-discretionary sales up by over 4%, while discretionary retail fell -1.5%

A Buy rating and $2.54 target price are unchanged as Moelis considers the -9% discount to NTA as attractive with the rental income stream as relatively defensive.

FORECAST
Moelis forecasts a full year FY24 dividend of 13.70 cents and EPS of 15.60 cents.
Moelis forecasts a full year FY25 dividend of 14.30 cents and EPS of 16.20 cents.
Access Stockbroker Research History >

RGN STOCK CHART

FNArena News on RGN

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2
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