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Centuria Capital Group CNI

A$1.58 −0.06 (3.66%)
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Company Report

Centuria Capital: Ceasing Coverage

We will discontinue analyst coverage of Centuria Capital on or about July 26, 2024. Accordingly, we place Centuria Capital under review. We provide analyst research and ratings on over 1,600 companies globally and periodically adjust our coverage according to investor interest and staffing.

Bulls Say, Bears Say

Bulls

Only a modest amount of FUM is eligible for redemption each year, which makes it unlikely that Centuria will face outflows at the devastating pace that some equity fund managers have experienced.

Bears

One third of Centuria’s FUM is in single-asset funds, which may be at higher risk of redemptions and wind-ups. Some underlying funds carry high debt levels.

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Trading Information

Previous Close Price
A$1.64
Day Range
A$1.581.62
52-Week Range
A$1.131.86
Bid/Ask
A$1.58 / A$1.59
Market Cap
A$1.30 Bil
Volume/Avg
649,257 / 1.2 Mil

Key Statistics

Price/Earnings (Normalized)
15.43
Price/Sales
4.33
Dividend Yield (Trailing)
6.33%
Dividend Yield (Forward)
6.33%
Total Yield
6.33%

Company Profile

Centuria Capital Group runs retail, wholesale, and institutional property investments. Assets are roughly one third each in office, industrial, and another third in retail, healthcare, agricultural property, and real estate finance. About one third of FUM is in listed REITs, a third in unlisted wholesale funds, and nearly another third in unlisted retail funds and a small amount in institutional vehicles. The group’s AUD 21 billion in FUM grew rapidly from less than AUD 5 billion in FUM in 2018. Acquisitions of Augusta Capital, 360 Capital, PrimeWest, and others supercharged FUM growth. Centuria’s main revenue sources are management fees on its funds, development profits, and rental income from co-investments in its funds. Centuria is the largest securityholder in its listed REITs.
Sector
Real Estate
Industry
REIT - Diversified
Stock Style Box
Small Core
Total Number of Employees
42

Competitors

Valuation

Metric
CNI
CMW
GMG
Price/Earnings (Normalized)
15.4310.8643.99
Price/Book Value
0.890.553.83
Price/Sales
4.333.4134.86
Price/Cash Flow
10.377.0973.86
Price/Earnings
CNI
CMW
GMG

Financial Strength

Metric
CNI
CMW
GMG
Quick Ratio
2.790.311.23
Current Ratio
3.571.281.64
Interest Coverage
3.04−5.351.39
Quick Ratio
CNI
CMW
GMG

Profitability

Metric
CNI
CMW
GMG
Return on Assets (Normalized)
3.49%−12.00%2.11%
Return on Equity (Normalized)
5.87%−23.12%2.79%
Return on Invested Capital (Normalized)
3.61%−11.42%2.24%
Return on Assets
CNI
CMW
GMG
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