Vicinity Centres is a reit—retail business based in Australia. Vicinity Centres shares (VCX) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $1.425 – an increase of 4.78% over the previous week. Vicinity Centres has a trailing 12-month revenue of around $1.1 billion.
How to buy shares in Vicinity Centres
- Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
- Search for Vicinity Centres. Find the share by name or ticker symbol: VCX. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Vicinity Centres reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price of $1.425, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check in on your investment. Congratulations, you own a part of Vicinity Centres. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
- Vicinity Centres key stats
- Compare share trading platforms
- Is Vicinity Centres stock a buy or sell?
- Vicinity Centres performance over time
- Is Vicinity Centres suitable for ethical investing?
- Are Vicinity Centres shares over-valued?
- Vicinity Centres's financials
- How volatile are Vicinity Centres shares?
- Does Vicinity Centres pay a dividend?
- Other common questions
Vicinity Centres share priceUse our graph to track the performance of VCX stocks over time.
Vicinity Centres shares at a glance
|Latest market close||AUDA$1.425|
|52-week range||AUDA$0.905 - AUDA$2.72|
|50-day moving average||AUDA$1.3703|
|200-day moving average||AUDA$1.4095|
|Dividend yield||AUDA$0.15 (11.2%)|
|Earnings per share (TTM)||AUDA$0.093|
Standard brokerage - Australian shares
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Competitive broker fees on Australian and international shares
- Brokerage - AU shares: From AUD 5 or 0.05%
- Brokerage - US shares: USD 0
- Sign-up process: Instant
- Support - After hours: Yes
Important: Share trading carries risk of capital loss.
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Is it a good time to buy Vicinity Centres stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Vicinity Centres price performance over time
|1 week (2020-09-22)||4.78%|
|1 month (2020-08-28)||3.26%|
|3 months (2020-06-29)||-0.70%|
|6 months (2020-03-27)||47.67%|
|1 year (2019-09-27)||-45.19%|
|2 years (2018-09-28)||-45.61%|
|3 years (2017-09-29)||-46.43%|
|5 years (2015-09-29)||-46.23%|
Is Vicinity Centres under- or over-valued?
Valuing Vicinity Centres stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Vicinity Centres's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Vicinity Centres's P/E ratio
Vicinity Centres's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 14x. In other words, Vicinity Centres shares trade at around 14x recent earnings.
That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Vicinity Centres's EBITDA
Vicinity Centres's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $503.2 million.
The EBITDA is a measure of a Vicinity Centres's overall financial performance and is widely used to measure a its profitability.
Vicinity Centres financials
|Revenue TTM||$1.1 billion|
|Operating margin TTM||45.73%|
|Gross profit TTM||$997.5 million|
|Return on assets TTM||1.94%|
|Return on equity TTM||-16.26%|
|Market capitalisation||$6.4 billion|
TTM: trailing 12 months
Vicinity Centres's environmental, social and governance track record
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Vicinity Centres.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Vicinity Centres's total ESG risk score
Total ESG risk: 3.09
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Vicinity Centres's overall score of 3.09 (as at 07/31/2020) is excellent – landing it in it in the 1st percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Vicinity Centres is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Vicinity Centres's environmental score
Environmental score: 2.61/100
Vicinity Centres's environmental score of 2.61 puts it squarely in the 1st percentile of companies rated in the same sector. This could suggest that Vicinity Centres is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Vicinity Centres's social score
Social score: 2.81/100
Vicinity Centres's social score of 2.81 puts it squarely in the 1st percentile of companies rated in the same sector. This could suggest that Vicinity Centres is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Vicinity Centres's governance score
Governance score: 0.29/100
Vicinity Centres's governance score puts it squarely in the 1st percentile of companies rated in the same sector. That could suggest that Vicinity Centres is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Environmental, social, and governance (ESG) summary
|Total ESG score||3.09|
|Total ESG percentile||0.56|
|Environmental score percentile||1|
|Social score percentile||1|
|Governance score percentile||1|
Vicinity Centres share dividends
Dividend payout ratio: 167.02% of net profits
Recently Vicinity Centres has paid out, on average, around 167.02% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 11.2% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Vicinity Centres shareholders could enjoy a 11.2% return on their shares, in the form of dividend payments. In Vicinity Centres's case, that would currently equate to about A$0.15 per share.
Vicinity Centres's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
The latest dividend was paid out to all shareholders who bought their shares by 29 December 2019 (the "ex-dividend date").
Vicinity Centres share price volatility
Over the last 12 months, Vicinity Centres's shares have ranged in value from as little as $0.905 up to $2.72. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Vicinity Centres's is 1.2133. This would suggest that Vicinity Centres's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Vicinity Centres overview
Vicinity Centres (Vicinity or the Group) is one of Australia's leading retail property groups with a fully integrated asset management platform, and $24 billion in retail assets under management across 64 shopping centres, making it the second largest listed manager of Australian retail property. The Group has a Direct Portfolio with interests in 60 shopping centres (including the DFO Brisbane business) and manages 32 assets on behalf of Strategic Partners, 28 of which are co-owned by the Group. Vicinity is listed on the Australian Securities Exchange (ASX) under the code ?VCX' and has over 28,000 securityholders. Vicinity also has European medium term notes listed on the ASX under the code ?VCD'.
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