CHARTER HALL GROUP (CHC)
Share Price Analysis and Chart

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CHC

CHC - CHARTER HALL GROUP

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 1.39
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Charter Hall Group is a property company investing and managing a suite of real estate investment trusts covering the office, retail, industrial and social infrastructure sectors. It listed in 2005.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$17.21

20 Feb
2025

0.980

OPEN

$16.50

6.04%

HIGH

$17.57

4,178,949

LOW

$16.24

TARGET
$16.082

+0.29 change from previous day

 -6.6% downside
Franking for last dividend paid out: 85%
OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . ASK . BWP . CDP . CDP . CIP . CLW . COF . CQE . CQR . DGT . DXC . DXI . DXS . ECF . GDF . GDI . HCW . HDN . NSR . PLG . REP . RFF . RGN . SCG . TGP . URW . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
CHC: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 47.0 80.0 xxx
DPS (cps) xxx 45.1 47.9 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx 6.0% 6.1% xxx
PE Ratio xxx N/A 21.9 xxx
Dividend Yield xxx N/A 2.7% xxx
Div Pay Ratio(%) xxx N/A 59.8% xxx

Dividend yield today if purchased 3 years ago: 2.79%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.57

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: 30/12 - ex-div 23.42c (franking 85%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-47.0
DPS All xxxxxxxxxxxxxxx45.1
Sales/Revenue xxxxxxxxxxxxxxx597.8 M
Book Value Per Share xxxxxxxxxxxxxxx596.3
Net Operating Cash Flow xxxxxxxxxxxxxxx428.0 M
Net Profit Margin xxxxxxxxxxxxxxx-37.15 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-7.31 %
Return on Invested Capital xxxxxxxxxxxxxxx-6.34 %
Return on Assets xxxxxxxxxxxxxxx-5.71 %
Return on Equity xxxxxxxxxxxxxxx-7.31 %
Return on Total Capital xxxxxxxxxxxxxxx9.40 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx218.4 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx8 M
Long Term Debt xxxxxxxxxxxxxxx467 M
Total Debt xxxxxxxxxxxxxxx475 M
Goodwill - Gross xxxxxxxxxxxxxxx10 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx383 M
Price To Book Value xxxxxxxxxxxxxxx1.87

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx2.5 M
Capex % of Sales xxxxxxxxxxxxxxx0.42 %
Cost of Goods Sold xxxxxxxxxxxxxxx28 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx240 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx74 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

0.2

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

24/01/2025

3

Hold

$15.00

-12.84%

Ord Minnett has reviewed the property sector earnings forecasts, taking into account expectations commercial property is at the bottom of the cycle, while residential remains challenged.

The broker expects an uptick in retail rental growth on sales estimates of 2%-3% in 2025 with an increase in average daily office attendance to almost four days a week, and believes national office vacancy rates have topped out near 18%.

Regarding logistics, the broker points to a slowdown in demand and landlords' incentives offering discounts of between -15% to -20%. Vacancy rates are forecast to peak at 3%-4%, with book value write-downs of -5% for logistics.

Residential will continue to be challenged by high rates, the analyst notes, and affordability remains an issue.

Ord Minnett's top picks in the sector are Dexus, Scentre Group, Vicinity Centres, and Goodman Group, with a preference for Charter Hall Social, Growthpoint, and Arena in the smaller REIT cap space.

Charter Hall is Hold rated with a lower target price of $15 from $15.50.

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

5

xxxxxxxxx xx xxxx xxxx xxxxxxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

26/08/2024

2

Overweight

$14.50

-15.75%

Charter Hall delivered a surprise beat for FY24 earnings with FY25 guidance suggesting to Jarden there are signs of a pick-up in activity and investment opportunities.

FY24 now appears to be the earnings trough for the REIT. Jarden believes it is well positioned for growth by "sticking to its knitting" through the cycle.

Management achieved 5% in cost savings which should flow onto FY25.

Overweight. Target $14.50.

Jarden will mark to market the REITs earnings models.
Access Extra Coverage Research History >

CHC STOCK CHART

FNArena News on CHC

1
FNArena Corporate Results Monitor – 22-02-2025

2:00 PM - Australia
2
In Case You Missed It – BC Extra Upgrades & Downgrades – 21-02-25

Feb 21 2025 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Feb 17, 2025

Feb 17 2025 - Daily Market Reports
4
Next Week At A Glance -17-21 Feb 2025

Feb 14 2025 - Weekly Reports
5
Rudi’s View: AGL Energy, Bega Cheese, BRG, Harvey Norman, Imdex & Superloop

Feb 06 2025 - Rudi's View

Latest REITs News

1
Australian Listed Real Estate Tables – 17-02-2025

Feb 17 2025 - Weekly Reports
2
Australian Listed Real Estate Tables – 10-02-2025

Feb 10 2025 - Weekly Reports
3
Australian Listed Real Estate Tables – 03-02-2025

Feb 03 2025 - Weekly Reports
4
Ask FNArena: CSL, Charter Hall & Dexus

Dec 16 2024 - Rudi's View
5
Australian Listed Real Estate Tables – 16-12-2024

Dec 16 2024 - Weekly Reports
6
Australian Listed Real Estate Tables – 09-12-2024

Dec 09 2024 - Weekly Reports
7
Australian Listed Real Estate Tables – 02-12-2024

Dec 02 2024 - Weekly Reports
8
Australian Listed Real Estate Tables – 25-11-2024

Nov 25 2024 - Weekly Reports
9
Australian Listed Real Estate Tables – 18-11-2024

Nov 18 2024 - Weekly Reports
10
Australian Listed Real Estate Tables – 11-11-2024

Nov 11 2024 - Weekly Reports