BWP Trust (BWP) AI Stock Analysis

• Market Cap: AU$2.60B
• Dividend Yield: 5.12%
• Average Volume (3M): 1.08M
• Price to Earnings (P/E): 8.9
• Beta (1Y): 0.55
• Revenue Growth: 19.08%
• EPS Growth: N/A
• Country: AU
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 76
• Industry: REIT - Industrial
• EPS (TTM): 0.41
• Shares Outstanding: 713,511,200
• 10 Day Avg. Volume: 699,496
• 30 Day Avg. Volume: 1,076,603
• PEG Ratio: 0.03
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$3.71
• Price Target Upside: 3.63% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 5

BWP Trust is well-positioned with strong financial performance, as evidenced by its growing revenues and high profit margins. The technical analysis supports a stable positive trend, while the valuation indicates potential undervaluation with a favorable dividend yield. The absence of earnings call data and corporate events does not detract from the overall positive outlook.

BWP Trust Business Overview & Revenue Model

Company Description

BWP Trust (BWP) is a real estate investment trust listed on the Australian Securities Exchange, specializing in the ownership and management of commercial properties. The trust's portfolio primarily consists of large-format retail properties, with a significant portion leased to Bunnings Warehouse, a leading retailer in home improvement and outdoor living products in Australia. BWP Trust focuses on generating stable income and capital growth for its investors through strategic property acquisitions and management.

How the Company Makes Money

BWP Trust makes money primarily through the rental income generated from its portfolio of commercial properties. The trust leases its properties to tenants, with Bunnings Warehouse being its major tenant, providing a stable and reliable source of revenue. Additionally, BWP Trust may engage in property development activities to enhance the value and appeal of its properties, thereby increasing rental income potential. The trust also benefits from periodic property revaluations that can lead to capital growth, which contributes to overall earnings. The company's revenue model relies heavily on maintaining high occupancy rates and negotiating favorable lease agreements with tenants, ensuring a consistent cash flow for its investors.

BWP Trust Financial Statement Overview

Summary

BWP Trust demonstrates strong financial health with growing revenues and efficient cost management leading to high profit margins. The balance sheet indicates moderate leverage and substantial shareholder equity, contributing to financial stability. The company also showcases robust cash flow generation, supporting its net income effectively. This positions BWP Trust well for continued growth and stability within the REIT - Industrial sector.

Income Statement

BWP Trust has shown a solid financial performance with a consistent increase in total revenue from $158 million in 2023 to $174 million in 2024. The Gross Profit Margin is approximately 83.45%, indicating efficient cost management. The Net Profit Margin has significantly improved to 103.31%, primarily due to a substantial increase in net income. The EBIT and EBITDA margins are robust at 82.49% and 82.72%, respectively, reflecting strong operational performance.

Balance Sheet

The company maintains a strong balance sheet with a Debt-to-Equity Ratio of 0.29, which implies moderate leverage. The Return on Equity stands at 6.66%, showing a reasonable return on stockholders' investment. An Equity Ratio of 75.51% suggests that a large portion of the company's assets are funded by shareholders' equity, indicating financial stability.

Cash Flow

BWP Trust's Free Cash Flow showed a growth rate of 7.53% year-over-year, indicating healthy cash generation. The Operating Cash Flow to Net Income Ratio is 0.71, suggesting that a significant portion of net income is supported by operating cash flow. The Free Cash Flow to Net Income Ratio is also 0.71, reflecting strong cash flow management relative to net income.

Breakdown
Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
174.46M	158.16M	153.27M	152.24M	155.78M
	Gross Profit
145.59M	131.11M	129.38M	129.70M	133.51M
	EBIT
143.96M	130.27M	128.48M	128.95M	132.60M
	EBITDA
144.33M	130.27M	128.48M	128.95M	226.16M
	Net Income Common Stockholders
180.22M	36.69M	486.64M	263.17M	210.64M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
27.30M	16.83M	11.86M	33.07M	64.19M
	Total Assets
3.59B	2.96B	3.02B	2.67B	2.55B
	Total Debt
771.60M	466.00M	452.70M	471.10M	499.60M
	Net Debt
744.30M	449.17M	440.85M	438.03M	435.41M
	Total Liabilities
878.78M	554.31M	535.58M	558.19M	583.83M
	Stockholders Equity
2.71B	2.41B	2.49B	2.12B	1.97B
Cash Flow		Free Cash Flow
128.76M	119.75M	111.04M	112.35M	109.67M
	Operating Cash Flow
128.76M	119.75M	111.04M	112.35M	109.67M
	Investing Cash Flow
-23.14M	-10.15M	4.35M	2.54M	-26.98M
	Financing Cash Flow
-95.16M	-104.62M	-136.60M	-146.01M	-36.42M

BWP Trust Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.58
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BWP, the sentiment is Positive. The current price of 3.58 is above the 20-day moving average (MA) of 3.52, above the 50-day MA of 3.47, and above the 200-day MA of 3.44, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 69.95 is Neutral, neither overbought nor oversold. The STOCH value of 90.97 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:BWP.

BWP Trust Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BWP	81 Outperform	AU$2.60B	8.87	10.93%	5.12%	19.08%	―
VCX	74 Outperform	AU$10.81B	13.22	7.73%	6.04%	1.97%	156.14%
CQR	73 Outperform	€2.22B	13.22	6.37%	7.31%	-7.70%	―
SCG	64 Neutral	$18.83B	17.89	5.94%	4.87%	5.05%	500.30%
Sector *	60 Neutral	$2.79B	11.37	0.20%	8519.74%	6.07%	-14.95%
GPT	54 Neutral	$8.96B	―	-1.94%	5.26%	8.59%	16.36%
DXS	52 Neutral	$8.08B	―	-9.22%	5.51%	0.32%	28.89%

BWP Trust Corporate Events

BWP Trust Announces Changes in Substantial Holder Interests

BWP Trust has announced a change in the interests of a substantial holder, with State Street Bank and Trust Company and its subsidiaries holding significant voting power in the company. This change reflects the dynamic nature of investment management and trustee roles within the financial sector, potentially impacting the company’s governance and decision-making processes.

BWP Trust Announces Half-Year Distribution and AMIT Status

BWP Trust has declared its status as a withholding Managed Investment Trust and an Attribution Managed Investment Trust for the financial year ending June 30, 2025. The Trust announced a cash distribution of 9.20 cents per unit for the half-year ended December 31, 2024, with specific components for tax purposes, highlighting its role in managing tax obligations for non-resident unitholders.

BWP Trust Releases 2025 Half-Year Financial Results

BWP Trust has released its 2025 half-year results, highlighting the importance of considering these results alongside previous financial statements and ASX announcements. The presentation emphasizes that the information provided should not substitute for personalized investment advice and warns of inherent risks and uncertainties that could impact BWP Trust’s future performance.

BWP Trust Updates Distribution Estimate for December 2024

BWP Trust has updated its distribution estimate for the period ending on December 31, 2024, to reflect the actual payable distribution and the issue price for the Dividend Reinvestment Plan (DRP). This announcement could influence stakeholders’ perceptions of the trust’s financial health and operational strategies, potentially impacting its standing in the real estate investment market.

BWP Trust Acknowledges Cultural Heritage in Half-Year Report

BWP Trust has released its half-year report for the six months ending on December 31, 2024. The report acknowledges the connections of Traditional Owners throughout Australia to lands and waterways and pays respects to their Elders. While the report does not provide specific details on financial performance or strategic initiatives, the inclusion of such acknowledgments suggests a commitment to corporate social responsibility and recognition of cultural heritage.

BWP Trust Reports Robust Half-Year Financial Growth

BWP Trust announced its financial results for the half-year ending 31 December 2024, showing a significant increase in revenue and profit. Revenue from ordinary activities rose by 22% to $100.574 million, and profit from ordinary activities attributable to unitholders surged by 195% to $157.110 million compared to the previous period. The net tangible assets per unit also increased by 5% to $3.92. The interim distribution per unit rose slightly by 2%, and the Distribution Reinvestment Plan remains effective for future distributions. These results reflect strong financial performance and stability, positioning BWP Trust favorably within the market and providing substantial returns to its stakeholders.

BWP Trust Announces DRP Allocation Price for December 2024 Period

BWP Management Limited has announced the allocation price for its distribution reinvestment plan (DRP) for the six-month period ending 31 December 2024, set at $3.3336 per unit. This price is based on the average daily volume weighted average unit price over a specified trading period, and the DRP units will be allocated on or around 26 February 2025 when distribution entitlements are paid.