Definitive Analysis
Definitive Analysis

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Full Access

See Pricing Start Trial

Vicinity Centres (VCX.AX)

Company Dividend Discount ModelIndustry: REIT - RetailSector: Real Estate

Valuation Snapshot

Stable Growth$3.80 - $6.23$4.88
Multi-Stage$7.05 - $7.74$7.39
Blended Fair Value$6.14
Current Price$2.47
Upside148.40%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS-2.61%5.77%0.110.120.110.110.030.130.140.140.150.15
YoY Growth---6.30%5.66%1.36%232.24%-73.73%-5.29%-4.88%-6.13%1.72%132.48%
Dividend Yield--4.58%6.42%6.17%6.12%2.19%9.03%5.47%5.53%5.94%4.52%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,551.70
(-) Cash Dividends Paid (M)819.40
(=) Cash Retained (M)732.30
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)310.34193.96116.38
Cash Retained (M)732.30732.30732.30
(-) Cash Required (M)-310.34-193.96-116.38
(=) Excess Retained (M)421.96538.34615.92
(/) Shares Outstanding (M)4,565.364,565.364,565.36
(=) Excess Retained per Share0.090.120.13
LTM Dividend per Share0.180.180.18
(+) Excess Retained per Share0.090.120.13
(=) Adjusted Dividend0.270.300.31
WACC / Discount Rate6.81%6.81%6.81%
Growth Rate-0.32%0.68%1.68%
Fair Value$3.80$4.88$6.23
Upside / Downside53.90%97.75%152.28%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,551.701,562.241,572.851,583.531,594.281,605.111,653.26
Payout Ratio52.81%60.25%67.68%75.12%82.56%90.00%92.50%
Projected Dividends (M)819.40941.171,064.561,189.591,316.261,444.601,529.27

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.81%6.81%6.81%
Growth Rate-0.32%0.68%1.68%
Year 1 PV (M)872.42881.17889.93
Year 2 PV (M)914.71933.16951.79
Year 3 PV (M)947.47976.271,005.65
Year 4 PV (M)971.771,011.361,052.14
Year 5 PV (M)988.611,039.211,091.85
PV of Terminal Value (M)27,474.1728,880.2330,343.28
Equity Value (M)32,169.1633,721.4035,334.64
Shares Outstanding (M)4,565.364,565.364,565.36
Fair Value$7.05$7.39$7.74
Upside / Downside185.28%199.04%213.35%

High-Yield Dividend Screener

« Prev Page 17 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
SAHSonic Automotive, Inc.2.13%$1.3135.28%
AIG-PAAmerican International Group, Inc.2.12%$1.6930.01%
LANCLancaster Colony Corporation2.11%$3.8261.80%
TDACTranslational Development Acquisition Corp.2.10%$0.2279.86%
FASTFastenal Company2.09%$0.8579.50%
FDUSFidus Investment Corporation2.09%$0.4117.86%
IBOCInternational Bancshares Corporation2.09%$1.4020.70%
SMRSXALPS/Smith Short Duration Bond Investor2.09%$0.2298.81%
SSSSSuRo Capital Corp.2.09%$0.208.46%
MLRMiller Industries, Inc.2.08%$0.7830.00%
OACCOaktree Acquisition Corp. III Life Sciences2.08%$0.2261.74%
FCCOFirst Community Corporation2.07%$0.6025.08%
GNTXGentex Corporation2.07%$0.4928.42%
OACCUOaktree Acquisition Corp. III Life Sciences Unit2.07%$0.2261.74%
DLBDolby Laboratories, Inc.2.06%$1.3149.64%
APOGApogee Enterprises, Inc.2.05%$0.7737.24%
CAKEThe Cheesecake Factory Incorporated2.05%$1.0832.74%
EWBCEast West Bancorp, Inc.2.05%$2.3625.97%
ALFCenturion Acquisition Corp.2.04%$0.2251.38%
ATOAtmos Energy Corporation2.04%$3.4546.19%
OVLYOak Valley Bancorp2.04%$0.6129.73%
0HYE.LCincinnati Financial Corporation2.03%$3.2824.36%
AOSA. O. Smith Corporation2.03%$1.3936.68%
ACTEnact Holdings, Inc.2.02%$0.8018.03%
ARKOArko Corp.2.02%$0.0955.86%
KFYKorn Ferry2.02%$1.3426.97%
0H68.LAflac Incorporated2.01%$2.2028.14%
LENLennar Corporation2.01%$2.1025.46%
AVYAvery Dennison Corporation2.00%$3.6641.17%
RHLDResolute Holdings Management, Inc.2.00%$3.7422.61%
ALFUUCenturion Acquisition Corp. Unit1.99%$0.2251.38%
GNTYGuaranty Bancshares, Inc.1.99%$0.9730.69%
NCNACCO Industries, Inc.1.99%$0.9524.54%
QCOMQUALCOMM Incorporated1.99%$3.4468.67%
THGThe Hanover Insurance Group, Inc.1.98%$3.5520.46%
CNMDCONMED Corporation1.97%$0.8038.60%
FBINFortune Brands Innovations, Inc.1.97%$1.0036.69%
FEIMFrequency Electronics, Inc.1.97%$1.0046.25%
RPMRPM International Inc.1.97%$2.0437.93%
BNJBrookfield Finance Inc. 4.50% P1.96%$0.3070.51%
MTGMGIC Investment Corporation1.96%$0.5717.51%
CCSCentury Communities, Inc.1.95%$1.1516.06%
0K6F.LNetApp, Inc.1.94%$2.0735.51%
BLKBlackRock, Inc.1.94%$21.0053.94%
FNB-PEF.N.B. Corporation1.94%$0.4834.55%
0L4F.LSealed Air Corporation1.93%$0.8030.13%
AEOAmerican Eagle Outfitters, Inc.1.93%$0.5142.14%
SLGNSilgan Holdings Inc.1.93%$0.8026.98%
FSFGFirst Savings Financial Group, Inc.1.92%$0.6123.93%
GENGen Digital Inc.1.92%$0.5054.91%