Scentre Group (SCG) AI Stock Analysis

• Market Cap: $19.93B
• Dividend Yield: 4.13%
• Average Volume (3M): 10.13M
• Price to Earnings (P/E): 11.2
• Beta (1Y): 0.76
• Revenue Growth: 5.44%
• EPS Growth: 231.88%
• Country: AU
• Employees: 2,860
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Retail
• EPS (TTM): 0.12
• Shares Outstanding: 5,222,977,000
• 10 Day Avg. Volume: 13,135,322
• 30 Day Avg. Volume: 10,127,293
• PEG Ratio: 0.03
• Price to Book (P/B): 0.98
• Price to Sales (P/S): 6.75
• P/FCF Ratio: 27.00
• Enterprise Value/Market Cap: 1.73
• Enterprise Value/Revenue: 12.93
• Enterprise Value/Gross Profit: 18.37
• Enterprise Value/Ebitda: 39.52
• 1Y Price Target: $4.25
• Price Target Upside: 11.27% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 8
• EPS Forecast (FY): 0.24
• Revenue Forecast (FY): $2.15B

• Rating: 70 Outperform
• Price Target: AU$4.50 ▲(17.80% Upside)
• Action: Upgraded Date: 10/23/25
• Date: Action: Upgraded 10/23/25

Scentre Group's overall stock score of 70 reflects strong financial performance with solid revenue growth and improved profitability. The technical analysis indicates a bullish trend, supported by positive momentum indicators. The valuation is reasonable with an attractive dividend yield, making it appealing for income investors. The absence of earnings call and corporate events data did not impact the score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates the company's ability to enhance its market position and attract tenants, supporting long-term financial stability.

Profitability

Significant improvement in net profit margin reflects enhanced operational efficiency and effective cost management, strengthening financial health.

Balance Sheet Stability

A balanced capital structure with a strong equity ratio ensures financial resilience and the ability to manage debt effectively over time.

Negative Factors

Leverage

Moderate leverage could limit financial flexibility and increase risk, especially in economic downturns, impacting long-term growth potential.

Cash Flow Growth

Limited cash flow growth may hinder the company's ability to fund new projects or expansions, potentially affecting future revenue streams.

EBIT Absence

Lack of EBIT data can obscure true operational performance, making it difficult to assess profitability and efficiency accurately.

Scentre Group Business Overview & Revenue Model

Company Description

Scentre Group (ASX Code: SCG) is the owner and operator of Westfield in Australia and New Zealand with interests in 42 Westfield Living Centres, encompassing approximately 12,000 outlets.

How the Company Makes Money

Scentre Group generates revenue primarily through leasing retail space to a variety of tenants, including major national and international brands. The company's revenue model is largely driven by rental income from these leases, which may include fixed rents and percentage rents based on tenants' sales performance. Additionally, Scentre Group earns income through property management fees, development fees, and ancillary services offered to tenants. The company also benefits from strategic partnerships with retailers and brands, enhancing foot traffic and customer engagement in its centers. Other factors contributing to its earnings include its focus on property redevelopment and expansion, aimed at increasing the value and attractiveness of its retail assets.

Scentre Group Financial Statement Overview

Summary

Scentre Group's financial performance showcases solid revenue growth and improved profitability, particularly in net income. The balance sheet is stable with moderate leverage, while cash flow generation remains steady. However, the absence of EBIT in the latest period and limited cash flow growth are areas to monitor. Overall, the company is financially sound but should focus on enhancing operational efficiency and cash flow growth.

Income Statement

Scentre Group has demonstrated strong revenue growth, with a 5% increase from the previous year. The gross profit margin remains robust at approximately 69.8%, indicating efficient cost management. However, the absence of EBIT for the latest period is concerning, impacting profitability metrics. Despite this, net income has substantially increased, improving the net profit margin to 39.8% compared to the prior year's 7%.

Balance Sheet

The company's debt-to-equity ratio is around 0.92, which is reasonable but suggests moderate leverage. Return on Equity (ROE) is strong at 5.77%, reflecting effective profit generation from equity. The equity ratio stands at 50%, indicating a balanced capital structure. Overall, the balance sheet shows stability but with room for debt reduction.

Cash Flow

Free cash flow growth is marginal at 5.66%, suggesting limited improvement. The operating cash flow to net income ratio is unavailable, which poses a challenge in assessing cash efficiency. However, the company maintains healthy free cash flow relative to net income, indicating good cash generation capabilities. Overall, cash flows are stable but lack significant growth momentum.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.67B	2.64B	2.51B	2.46B	2.28B	2.16B
Gross Profit	1.88B	1.84B	1.76B	1.64B	1.59B	1.58B
EBITDA	874.80M	1.93B	1.62B	1.75B	1.52B	1.72B
Net Income	1.43B	1.05B	174.90M	300.60M	887.90M	-3.73B
Balance Sheet
Total Assets	36.28B	36.35B	35.67B	37.01B	36.64B	38.06B
Cash, Cash Equivalents and Short-Term Investments	318.40M	380.60M	296.40M	679.00M	978.70M	2.60B
Total Debt	16.36B	16.77B	15.71B	15.87B	15.47B	16.42B
Total Liabilities	17.69B	18.17B	17.65B	18.29B	17.46B	19.07B
Stockholders Equity	18.41B	18.19B	17.84B	18.53B	19.00B	18.83B
Cash Flow
Free Cash Flow	849.90M	659.40M	624.10M	1.09B	844.40M	645.50M
Operating Cash Flow	1.02B	1.07B	1.07B	1.12B	868.20M	666.90M
Investing Cash Flow	-402.20M	-460.00M	-438.90M	-481.30M	-342.00M	-356.60M
Financing Cash Flow	-572.70M	-526.20M	-1.01B	-941.30M	55.30M	-201.90M

Scentre Group Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 3.82
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SCG, the sentiment is Neutral. The current price of 3.82 is below the 20-day moving average (MA) of 3.83, below the 50-day MA of 3.97, and below the 200-day MA of 3.84, indicating a bearish trend. The MACD of -0.05 indicates Negative momentum. The RSI at 44.87 is Neutral, neither overbought nor oversold. The STOCH value of 78.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:SCG.

Scentre Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SGP	75 Outperform	AU$12.41B	14.02	7.99%	4.29%	4.75%	170.39%
VCX	71 Outperform	$11.27B	8.50	9.03%	4.72%	0.29%	83.44%
SCG	70 Outperform	$19.93B	11.18	7.71%	4.13%	5.44%	231.88%
GPT	69 Neutral	AU$9.69B	9.88	3.56%	4.41%	12.66%	―
MGR	66 Neutral	AU$8.09B	20.96	0.71%	4.39%	-18.48%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

Scentre Group Corporate Events

Scentre Group Sells 19.9% Stake in Westfield Sydney to Australian Retirement Trust

Scentre Group has brought Australian Retirement Trust in as a new joint venture partner at Westfield Sydney, with the superannuation fund acquiring a 19.9% stake for $864 million, in line with the centre’s June 2025 book value at a 4.69% capitalisation rate. Scentre will retain an 80.1% interest and continue to manage property, leasing and development, reinforcing its control over one of Australia’s flagship CBD retail assets, which attracts more than 33 million customers annually and generated $1.1 billion in sales in 2024. The deal is part of Scentre’s broader capital recycling strategy, following the recent $1.3 billion joint venture at Westfield Chermside, and lifts announced third-party capital inflows in 2025 to about $2.2 billion. After investing $3.3 billion in the Westfield Sydney precinct over time, and selling its three office towers in 2019, Scentre has now realised roughly $2.4 billion from the asset, leaving a net investment of $0.9 billion against a remaining 80.1% stake valued at $3.5 billion, effectively quadrupling its capital since acquisition and underscoring its ability to unlock value for securityholders while maintaining operational control.

The most recent analyst rating on (AU:SCG) stock is a Buy with a A$4.60 price target. To see the full list of analyst forecasts on Scentre Group stock, see the AU:SCG Stock Forecast page.

Scentre Group CEO Increases Direct Holding After Vesting of Performance Rights

Scentre Group has disclosed a change in the interests of its director, Elliott Rusanow, following the vesting of performance rights under the company’s Performance Rights Plan on 15 December 2025. Rusanow received 994,583 Scentre Group ordinary securities for nil consideration as 957,608 performance rights vested, increasing his directly held ordinary securities to 994,583 and leaving him with 3,164,812 remaining performance rights, while his indirect holding via Tellammy Pty Ltd remains at 2,016,843 ordinary securities. The transaction, a standard vesting event under the company’s long-term incentive framework, underscores the alignment of executive remuneration with shareholder interests, without involving any on-market trading or cash consideration.

The most recent analyst rating on (AU:SCG) stock is a Buy with a A$4.55 price target. To see the full list of analyst forecasts on Scentre Group stock, see the AU:SCG Stock Forecast page.

Scentre Group Issues 5.8 Million New Stapled Securities on Option Conversion

Scentre Group has notified the market of the issue of 5,813,470 fully paid stapled securities, following the exercise or conversion of previously unquoted options or other unquoted convertible securities. The new stapled securities, issued on 15 December 2025, increase the company’s equity base and marginally dilute existing holders, reflecting the ongoing operation of its incentive or financing structures and underscoring continued engagement by participants in its equity-linked schemes.

The most recent analyst rating on (AU:SCG) stock is a Buy with a A$4.55 price target. To see the full list of analyst forecasts on Scentre Group stock, see the AU:SCG Stock Forecast page.

Scentre Group Forms Joint Venture for Westfield Chermside Stake

Scentre Group has announced a new joint venture with a Dexus managed fund, selling a 25% interest in Westfield Chermside, Brisbane for $683 million. This transaction aligns with Scentre Group’s long-term capital management strategy, introducing approximately $1.3 billion of new capital to support its strategic objectives and sustainable growth.

The most recent analyst rating on (AU:SCG) stock is a Buy with a A$4.60 price target. To see the full list of analyst forecasts on Scentre Group stock, see the AU:SCG Stock Forecast page.

Scentre Group Explores Joint Venture Opportunities for Westfield Sydney

Scentre Group has acknowledged a media report regarding potential transactions involving an interest in Westfield Sydney. As part of its capital management strategy, the company is in discussions with third parties about joint venture opportunities, which may or may not lead to new transactions. Any developments will be disclosed in line with continuous disclosure obligations.

The most recent analyst rating on (AU:SCG) stock is a Buy with a A$4.60 price target. To see the full list of analyst forecasts on Scentre Group stock, see the AU:SCG Stock Forecast page.

Scentre Group Issues Performance Rights to Boost Employee Incentives

Scentre Group has announced the issuance of 107,548 performance rights as part of an employee incentive scheme. These securities are unquoted and are not intended to be listed on the ASX, reflecting the company’s strategy to incentivize and retain talent, which could strengthen its operational capabilities and market position.

The most recent analyst rating on (AU:SCG) stock is a Buy with a A$4.60 price target. To see the full list of analyst forecasts on Scentre Group stock, see the AU:SCG Stock Forecast page.

Scentre Group Sees Growth in Visitation and Sales Amid Strategic Investments

Scentre Group reported a 3.1% increase in customer visitation to its Westfield destinations, with total business partner sales rising to $29.5 billion, reflecting strong demand and high occupancy rates. The company continues to invest in redevelopments and new experiences, enhancing its market position and driving growth, as evidenced by recent openings and capital management strategies.

The most recent analyst rating on (AU:SCG) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on Scentre Group stock, see the AU:SCG Stock Forecast page.

Scentre Group Explores Strategic Opportunities at Westfield Chermside

Scentre Group has acknowledged a media report about a potential sale of a further interest in Westfield Chermside to a Dexus fund, as part of its ongoing capital management strategy. The company is exploring strategic opportunities, including forming joint ventures, and will keep the market informed of any new transactions, highlighting its commitment to transparency and strategic growth.

The most recent analyst rating on (AU:SCG) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Scentre Group stock, see the AU:SCG Stock Forecast page.