Vcx.Ax
VCX.AX operates as a commercial REIT, generating income primarily through property rental and management of commercial real estate assets.
Business. VCX.AX operates as a commercial REIT, generating income primarily through property rental and management of commercial real estate assets.
Analyst recommendations
11 analysts · consensus HoldAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
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Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
VCX.AX operates as a commercial REIT, generating income primarily through property rental and management of commercial real estate assets.
VCX.AX maintains a debt-to-equity ratio of 0.44, indicating a relatively conservative capital structure. The company's liquidity position is characterized by a current ratio of 0.21, suggesting limited short-term liquidity. The company's free cash flow of 486.3 million AUD supports its operational flexibility, although its cash and equivalents of 80.7 million AUD are modest relative to its total liabilities.
The company's profitability is reflected in a return on equity (ROE) of 9.03% and a return on assets (ROA) of 6.15%, both of which are strong indicators of efficient capital utilization. These metrics align with the industry's preferred focus on asset returns and operational efficiency. VCX.AX's operating income of 774.3 million AUD and net income of 1.005 billion AUD further underscore its profitability.
VCX.AX's revenue is derived from commercial real estate operations, with no disclosed segment or geographic breakdown. The absence of detailed segment data limits the ability to assess revenue concentration or geographic diversification. However, the company's total assets of 16.34 billion AUD suggest a broad portfolio of commercial properties.
The company's growth trajectory is supported by a strong operating cash flow of 651 million AUD and a free cash flow of 486.3 million AUD. While capital expenditure is minimal at -6.4 million AUD, the company's focus on maintaining and optimizing existing assets is evident. Analysts have provided a mean price target of 2.57 AUD and a median price target of 2.64 AUD, indicating a generally positive outlook.
VCX.AX faces a medium liquidity risk, as indicated by its current ratio of 0.21 and the risk assessment noting that net cash is negative after subtracting total debt. The company's dilution risk is assessed as low, with no significant dilution potential reported. The risk assessment also highlights the need for continued monitoring of liquidity and debt management.
Recent events and filings have not been disclosed in the provided data, limiting the ability to assess recent developments or strategic initiatives. The company's financial performance and risk profile suggest a stable but cautious approach to capital management and growth.
- VCX.AX maintains a conservative capital structure with a debt-to-equity ratio of 0.44.
- The company's strong ROE of 9.03% and ROA of 6.15% indicate efficient capital utilization.
- VCX.AX's liquidity position is characterized by a current ratio of 0.21, suggesting limited short-term liquidity.
- Analysts have provided a mean price target of 2.57 AUD, indicating a generally positive outlook.
- The company's dilution risk is assessed as low, with no significant dilution potential reported.
Bull / Bear case
analysis pipelineIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,15 |
| Revenue | —no estimate | —no estimate | 1,1B AUD |
| Operating income | —no estimate | —no estimate | 881,5M AUD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
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- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- VCX.AX Market data — financials · 2026-05-29
- Vicinity Centres Market data — analyst estimates · 2026-05-29