HOMECO DAILY NEEDS REIT (HDN)
Share Price Analysis and Chart

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HDN - HOMECO DAILY NEEDS REIT

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 6.88
Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.215

28 Feb
2024

-0.010

OPEN

$1.24

-0.82%

HIGH

$1.24

3,480,937

LOW

$1.21

TARGET
$1.31 7.8% 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 . NPR . NSR . PLG . REP . RFF . RGN . SCG . TGP . URW . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
HDN: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 8.7 xxx
DPS (cps) xxx N/A 8.2 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 14.1 xxx
Dividend Yield xxx N/A 6.7% xxx
Div Pay Ratio(%) xxx N/A 93.8% xxx

Dividend yield today if purchased 3 years ago: 6.54%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

6.75

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 2.08c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 20222023
EPS Basic xxx4.9
DPS All xxx8.3
Sales/Revenue xxx347.8 M
Book Value Per Share xxx148.3
Net Operating Cash Flow xxx169.7 M
Net Profit Margin xxx29.38 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 20222023
Return on Capital Employed xxx3.29 %
Return on Invested Capital xxx2.16 %
Return on Assets xxx2.11 %
Return on Equity xxx3.29 %
Return on Total Capital xxx5.05 %
Free Cash Flow ex dividends xxx5.1 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 20222023
Short-Term Debt xxx0 M
Long Term Debt xxx1,643 M
Total Debt xxx1,644 M
Goodwill - Gross xxx-
Cash & Equivalents - Generic xxx16 M
Price To Book Value xxx0.79

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 20222023
Capex xxx-
Capex % of Sales xxx-
Cost of Goods Sold xxx108 M
Selling, General & Admin. Exp & Other xxx1 M
Research & Development xxx-
Investments - Total xxx4,718 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

0.3

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

19/02/2024

1

Buy

$1.40

15.23%

HomeCo Daily Needs REIT delivered an interim performance slightly better than expectations, with FY24 guidance repeated, and in line with what UBS had penciled in.

The broker makes no bones about it: the REIT's resilient income stream and differentiated inorganic growth initiatives are appealing. With asset recycling continuing, the broker has made rather minor changes to its modeling. 

UBS observes both HomeCo Daily Needs REIT and Region Group ((RGN)) trade at a relative premium versus Charter Hall Retail REIT ((CQR)) but it is seen as justified because of the superior growth profile.

Buy. Target lifts to $1.40 from $1.38.

FORECAST
UBS forecasts a full year FY24 dividend of 8.00 cents and EPS of 9.00 cents.
UBS forecasts a full year FY25 dividend of 9.00 cents and EPS of 9.00 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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HDN STOCK CHART