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Arena REIT
Buy, Hold or Sell?

Let's analyse Arena together

PenkeI guess you are interested in Arena REIT. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Arena REIT. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Arena (30 sec.)










What can you expect buying and holding a share of Arena? (30 sec.)

How much money do you get?

How much money do you get?
A$0.33
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
A$3.39
Expected worth in 1 year
A$3.73
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
A$0.85
Return On Investment
25.1%

For what price can you sell your share?

Current Price per Share
A$3.37
Expected price per share
A$3.0002774774775 - A$3.65
How sure are you?
50%
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1. Valuation of Arena (5 min.)




Live pricePrice per Share (EOD)

A$3.37

Intrinsic Value Per Share

A$1.29 - A$2.11

Total Value Per Share

A$4.67 - A$5.50

2. Growth of Arena (5 min.)




Is Arena growing?

Current yearPrevious yearGrowGrow %
How rich?$786.7m$766.8m$19.8m2.5%

How much money is Arena making?

Current yearPrevious yearGrowGrow %
Making money$48.7m$219.2m-$170.5m-350.3%
Net Profit Margin80.1%405.5%--

How much money comes from the company's main activities?

3. Financial Health of Arena (5 min.)




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What can you expect buying and holding a share of Arena? (5 min.)

Welcome investor! Arena's management wants to use your money to grow the business. In return you get a share of Arena.

What can you expect buying and holding a share of Arena?

First you should know what it really means to hold a share of Arena. And how you can make/lose money.

Speculation

The Price per Share of Arena is A$3.37. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Arena.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Arena, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is A$3.39. Based on the TTM, the Book Value Change Per Share is A$0.09 per quarter. Based on the YOY, the Book Value Change Per Share is A$0.82 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is A$0.13 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Arena.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 A$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per Share
Usd Eps0.144.1%0.144.1%0.6218.4%0.267.8%0.195.8%
Usd Book Value Change Per Share0.061.7%0.061.7%0.5416.0%0.257.3%0.185.5%
Usd Dividend Per Share0.082.5%0.082.5%0.082.4%0.072.1%0.051.6%
Usd Total Gains Per Share0.144.1%0.144.1%0.6218.4%0.329.4%0.247.1%
Usd Price Per Share2.47-2.47-2.80-2.17-1.68-
Price to Earnings Ratio17.92-17.92-4.52-11.32-10.48-
Price-to-Total Gains Ratio17.75-17.75-4.52-8.63-8.21-
Price to Book Ratio1.11-1.11-1.29-1.29-1.53-
Price-to-Total Gains Ratio17.75-17.75-4.52-8.63-8.21-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share2.21072
Number of shares452
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.080.07
Usd Book Value Change Per Share0.060.25
Usd Total Gains Per Share0.140.32
Gains per Quarter (452 shares)62.81143.83
Gains per Year (452 shares)251.25575.33
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1150102241128448565
22992034922568951140
344930574338313431715
459840799451117902290
5748508124563922382865
6898610149676726853440
71047712174789531334015
811978131998102235804590
913469152249115040285165
10149610172500127844755740

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%11.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%11.00.00.0100.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%11.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%11.00.00.0100.0%
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Fundamentals of Arena

About Arena REIT

Arena REIT is an ASX200 listed property group that develops, owns and manages social infrastructure properties across Australia. Our current portfolio of social infrastructure properties is leased to a diversified tenant base in the growing early learning and healthcare sectors.

Fundamental data was last updated by Penke on 2024-02-14 06:07:06.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is underpriced.
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1.1. Profitability of Arena REIT.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Arena earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Arena to the REIT - Specialty industry mean.
  • A Net Profit Margin of 80.1% means that $0.80 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Arena REIT:

  • The MRQ is 80.1%. The company is making a huge profit. +2
  • The TTM is 80.1%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ80.1%TTM80.1%0.0%
TTM80.1%YOY405.5%-325.4%
TTM80.1%5Y190.1%-109.9%
5Y190.1%10Y191.8%-1.8%
1.1.2. Return on Assets

Shows how efficient Arena is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Arena to the REIT - Specialty industry mean.
  • 4.7% Return on Assets means that Arena generated $0.05 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Arena REIT:

  • The MRQ is 4.7%. Using its assets, the company is less efficient in making profit.
  • The TTM is 4.7%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ4.7%TTM4.7%0.0%
TTM4.7%YOY22.0%-17.3%
TTM4.7%5Y11.2%-6.4%
5Y11.2%10Y12.0%-0.8%
1.1.3. Return on Equity

Shows how efficient Arena is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Arena to the REIT - Specialty industry mean.
  • 7.0% Return on Equity means Arena generated $0.07 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Arena REIT:

  • The MRQ is 7.0%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 7.0%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ7.0%TTM7.0%0.0%
TTM7.0%YOY33.2%-26.2%
TTM7.0%5Y16.5%-9.5%
5Y16.5%10Y18.0%-1.5%
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1.2. Operating Efficiency of Arena REIT.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Arena is operating .

  • Measures how much profit Arena makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Arena to the REIT - Specialty industry mean.
  • An Operating Margin of 89.3% means the company generated $0.89  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Arena REIT:

  • The MRQ is 89.3%. The company is operating very efficient. +2
  • The TTM is 89.3%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ89.3%TTM89.3%0.0%
TTM89.3%YOY410.9%-321.7%
TTM89.3%5Y203.0%-113.7%
5Y203.0%10Y195.7%+7.4%
1.2.2. Operating Ratio

Measures how efficient Arena is keeping operating costs low.

  • Below 1 is considered healthy (always compare to REIT - Specialty industry mean).
  • An Operation Ratio of 0.09 means that the operating costs are $0.09 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Arena REIT:

  • The MRQ is 0.086. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.086. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.086TTM0.0860.000
TTM0.086YOY0.089-0.003
TTM0.0865Y0.096-0.010
5Y0.09610Y0.118-0.022
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1.3. Liquidity of Arena REIT.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Arena is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to REIT - Specialty industry mean).
  • A Current Ratio of 1.00 means the company has $1.00 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Arena REIT:

  • The MRQ is 1.002. The company is just able to pay all its short-term debts.
  • The TTM is 1.002. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.002TTM1.0020.000
TTM1.002YOY0.974+0.028
TTM1.0025Y1.278-0.276
5Y1.27810Y1.206+0.073
1.3.2. Quick Ratio

Measures if Arena is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Arena to the REIT - Specialty industry mean.
  • A Quick Ratio of 0.96 means the company can pay off $0.96 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Arena REIT:

  • The MRQ is 0.963. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.963. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.963TTM0.9630.000
TTM0.963YOY1.055-0.093
TTM0.9635Y1.247-0.284
5Y1.24710Y1.181+0.066
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1.4. Solvency of Arena REIT.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Arena assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Arena to REIT - Specialty industry mean.
  • A Debt to Asset Ratio of 0.24 means that Arena assets are financed with 23.5% credit (debt) and the remaining percentage (100% - 23.5%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Arena REIT:

  • The MRQ is 0.235. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.235. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.235TTM0.2350.000
TTM0.235YOY0.230+0.005
TTM0.2355Y0.244-0.009
5Y0.24410Y0.279-0.035
1.4.2. Debt to Equity Ratio

Measures if Arena is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Arena to the REIT - Specialty industry mean.
  • A Debt to Equity ratio of 34.9% means that company has $0.35 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Arena REIT:

  • The MRQ is 0.349. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.349. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.349TTM0.3490.000
TTM0.349YOY0.347+0.002
TTM0.3495Y0.353-0.004
5Y0.35310Y0.415-0.062
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2. Market Valuation of Arena REIT

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Arena generates.

  • Above 15 is considered overpriced but always compare Arena to the REIT - Specialty industry mean.
  • A PE ratio of 17.92 means the investor is paying $17.92 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Arena REIT:

  • The EOD is 16.064. Based on the earnings, the company is fair priced.
  • The MRQ is 17.923. Based on the earnings, the company is fair priced.
  • The TTM is 17.923. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD16.064MRQ17.923-1.859
MRQ17.923TTM17.9230.000
TTM17.923YOY4.520+13.403
TTM17.9235Y11.321+6.602
5Y11.32110Y10.478+0.843
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Arena REIT:

  • The EOD is 19.924. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 22.230. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 22.230. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD19.924MRQ22.230-2.306
MRQ22.230TTM22.2300.000
TTM22.230YOY26.010-3.780
TTM22.2305Y23.547-1.317
5Y23.54710Y34.364-10.816
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2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Arena is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to REIT - Specialty industry mean).
  • A PB ratio of 1.11 means the investor is paying $1.11 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Arena REIT:

  • The EOD is 0.994. Based on the equity, the company is cheap. +2
  • The MRQ is 1.109. Based on the equity, the company is underpriced. +1
  • The TTM is 1.109. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD0.994MRQ1.109-0.115
MRQ1.109TTM1.1090.000
TTM1.109YOY1.293-0.183
TTM1.1095Y1.294-0.185
5Y1.29410Y1.529-0.234
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Arena REIT.

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4. Summary

4.1. Key Performance Indicators

The key performance indicators of Arena REIT compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.0860.0860%0.820-90%0.377-77%0.281-69%
Book Value Per Share--3.3893.3890%3.303+3%2.605+30%1.829+85%
Current Ratio--1.0021.0020%0.974+3%1.278-22%1.206-17%
Debt To Asset Ratio--0.2350.2350%0.230+2%0.244-4%0.279-16%
Debt To Equity Ratio--0.3490.3490%0.347+1%0.353-1%0.415-16%
Dividend Per Share--0.1260.1260%0.125+1%0.108+17%0.084+51%
Eps--0.2100.2100%0.945-78%0.401-48%0.296-29%
Free Cash Flow Per Share--0.1690.1690%0.164+3%0.140+21%0.103+65%
Free Cash Flow To Equity Per Share--0.0910.0910%0.270-66%0.205-56%0.156-42%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--2.112--------
Intrinsic Value_10Y_min--1.286--------
Intrinsic Value_1Y_max--0.171--------
Intrinsic Value_1Y_min--0.110--------
Intrinsic Value_3Y_max--0.545--------
Intrinsic Value_3Y_min--0.350--------
Intrinsic Value_5Y_max--0.956--------
Intrinsic Value_5Y_min--0.607--------
Market Cap1192575600.000-12%1330588800.0001330588800.0000%1511067600.000-12%1172050560.000+14%908940780.000+46%
Net Profit Margin--0.8010.8010%4.055-80%1.901-58%1.918-58%
Operating Margin--0.8930.8930%4.109-78%2.030-56%1.957-54%
Operating Ratio--0.0860.0860%0.089-3%0.096-10%0.118-27%
Pb Ratio0.994-12%1.1091.1090%1.293-14%1.294-14%1.529-27%
Pe Ratio16.064-12%17.92317.9230%4.520+297%11.321+58%10.478+71%
Price Per Share3.370-12%3.7603.7600%4.270-12%3.312+14%2.569+46%
Price To Free Cash Flow Ratio19.924-12%22.23022.2300%26.010-15%23.547-6%34.364-35%
Price To Total Gains Ratio15.908-12%17.74917.7490%4.522+292%8.633+106%8.208+116%
Quick Ratio--0.9630.9630%1.055-9%1.247-23%1.181-19%
Return On Assets--0.0470.0470%0.220-78%0.112-58%0.120-61%
Return On Equity--0.0700.0700%0.332-79%0.165-57%0.180-61%
Total Gains Per Share--0.2120.2120%0.944-78%0.485-56%0.364-42%
Usd Book Value--786745392.000786745392.0000%766846944.000+3%604754460.800+30%424610104.000+85%
Usd Book Value Change Per Share--0.0560.0560%0.538-90%0.248-77%0.184-69%
Usd Book Value Per Share--2.2232.2230%2.167+3%1.709+30%1.200+85%
Usd Dividend Per Share--0.0830.0830%0.082+1%0.071+17%0.055+51%
Usd Eps--0.1380.1380%0.620-78%0.263-48%0.194-29%
Usd Free Cash Flow--39264880.00039264880.0000%38110976.000+3%32578403.200+21%23852422.400+65%
Usd Free Cash Flow Per Share--0.1110.1110%0.108+3%0.092+21%0.067+65%
Usd Free Cash Flow To Equity Per Share--0.0600.0600%0.177-66%0.134-56%0.103-42%
Usd Market Cap782329593.600-12%872866252.800872866252.8000%991260345.600-12%768865167.360+14%596265151.680+46%
Usd Price Per Share2.211-12%2.4672.4670%2.801-12%2.173+14%1.685+46%
Usd Profit--48700784.00048700784.0000%219292928.000-78%93131270.400-48%68828569.600-29%
Usd Revenue--60772496.00060772496.0000%54079328.000+12%47638195.200+28%35483499.200+71%
Usd Total Gains Per Share--0.1390.1390%0.619-78%0.318-56%0.239-42%
 EOD+4 -4MRQTTM+0 -0YOY+15 -205Y+18 -1710Y+18 -17

4.2. Fundamental Score

Let's check the fundamental score of Arena REIT based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1516.064
Price to Book Ratio (EOD)Between0-10.994
Net Profit Margin (MRQ)Greater than00.801
Operating Margin (MRQ)Greater than00.893
Quick Ratio (MRQ)Greater than10.963
Current Ratio (MRQ)Greater than11.002
Debt to Asset Ratio (MRQ)Less than10.235
Debt to Equity Ratio (MRQ)Less than10.349
Return on Equity (MRQ)Greater than0.150.070
Return on Assets (MRQ)Greater than0.050.047
Total6/10 (60.0%)

4.3. Technical Score

Let's check the technical score of Arena REIT based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5038.198
Ma 20Greater thanMa 503.515
Ma 50Greater thanMa 1003.579
Ma 100Greater thanMa 2003.446
OpenGreater thanClose3.350
Total1/5 (20.0%)



Latest Balance Sheet

Balance Sheet of 2023-06-30. Currency in AUD. All numbers in thousands.

Summary
Total Assets1,568,296
Total Liabilities368,989
Total Stockholder Equity1,056,677
 As reported
Total Liabilities 368,989
Total Stockholder Equity+ 1,056,677
Total Assets = 1,568,296

Assets

Total Assets1,568,296
Total Current Assets28,356
Long-term Assets1,539,940
Total Current Assets
Cash And Cash Equivalents 16,113
Short-term Investments 6,939
Net Receivables 4,194
Total Current Assets  (as reported)28,356
Total Current Assets  (calculated)27,246
+/- 1,110
Long-term Assets
Property Plant Equipment 654
Goodwill 10,816
Other Assets 12,558
Long-term Assets  (as reported)1,539,940
Long-term Assets  (calculated)24,028
+/- 1,515,912

Liabilities & Shareholders' Equity

Total Current Liabilities28,304
Long-term Liabilities340,685
Total Stockholder Equity1,056,677
Total Current Liabilities
Short-term Debt 229
Accounts payable 9,319
Other Current Liabilities 18,985
Total Current Liabilities  (as reported)28,304
Total Current Liabilities  (calculated)28,533
+/- 229
Long-term Liabilities
Long term Debt Total 340,564
Capital Lease Obligations Min Short Term Debt222
Long-term Liabilities  (as reported)340,685
Long-term Liabilities  (calculated)340,786
+/- 101
Total Stockholder Equity
Common Stock424,361
Retained Earnings 632,316
Total Stockholder Equity (as reported)1,056,677
Total Stockholder Equity (calculated)1,056,677
+/-0
Other
Capital Stock424,361
Cash and Short Term Investments 16,113
Common Stock Shares Outstanding 350,184
Current Deferred Revenue-229
Liabilities and Stockholders Equity 1,568,296
Net Debt 324,680
Net Invested Capital 1,397,019
Net Working Capital 52
Property Plant and Equipment Gross 654
Short Long Term Debt Total 340,793



Balance Sheet

Currency in AUD. All numbers in thousands.

 Trend2023-06-302022-06-302021-06-302020-06-302019-06-302018-06-302017-06-302016-06-302015-06-302014-06-302013-06-302012-06-302011-06-302010-06-302009-06-30
> Total Assets 
241,776
233,995
240,969
240,197
235,200
375,297
450,623
513,951
621,282
726,087
825,721
1,012,580
1,151,511
1,518,566
1,568,296
1,568,2961,518,5661,151,5111,012,580825,721726,087621,282513,951450,623375,297235,200240,197240,969233,995241,776
   > Total Current Assets 
0
0
0
0
7,300
19,466
18,051
10,415
17,695
15,040
15,845
86,017
25,905
25,795
28,356
28,35625,79525,90586,01715,84515,04017,69510,41518,05119,4667,3000000
       Cash And Cash Equivalents 
6,580
3,884
4,895
5,561
6,100
3,947
10,888
9,446
9,082
8,654
8,134
76,330
14,018
22,200
16,113
16,11322,20014,01876,3308,1348,6549,0829,44610,8883,9476,1005,5614,8953,8846,580
       Short-term Investments 
0
0
0
0
0
0
0
0
1,300
0
0
0
0
3,064
6,939
6,9393,06400001,30000000000
       Net Receivables 
0
0
0
0
1,200
15,088
6,753
466
8,154
5,782
6,736
8,961
8,630
2,697
4,194
4,1942,6978,6308,9616,7365,7828,1544666,75315,0881,2000000
       Other Current Assets 
0
0
0
0
0
431
410
503
459
604
975
726
3,257
898
6,939
6,9398983,25772697560445950341043100000
   > Long-term Assets 
0
0
0
0
227,900
355,831
432,572
503,536
603,587
711,047
809,876
926,563
1,125,606
1,492,771
1,539,940
1,539,9401,492,7711,125,606926,563809,876711,047603,587503,536432,572355,831227,9000000
       Property Plant Equipment 
0
0
0
0
0
355,831
121
219
199
154
139
209
987
783
654
654783987209139154199219121355,83100000
       Goodwill 
0
0
0
0
0
0
10,730
10,816
10,816
10,816
10,816
10,816
10,816
10,816
10,816
10,81610,81610,81610,81610,81610,81610,81610,81610,730000000
       Intangible Assets 
0
0
0
0
0
0
10,730
10,816
10,816
10,816
0
0
0
0
0
0000010,81610,81610,81610,730000000
       Long-term Assets Other 
0
0
0
0
0
0
0
503,536
603,587
700,077
798,921
915,538
1,113,803
-1,489,393
-1,539,940
-1,539,940-1,489,3931,113,803915,538798,921700,077603,587503,5360000000
> Total Liabilities 
126,447
118,917
115,838
107,418
29,500
137,094
147,132
156,458
188,806
194,444
215,391
260,700
272,593
349,592
368,989
368,989349,592272,593260,700215,391194,444188,806156,458147,132137,09429,500107,418115,838118,917126,447
   > Total Current Liabilities 
0
0
0
0
5,700
10,985
15,509
15,374
16,814
15,058
18,363
33,525
26,230
26,497
28,304
28,30426,49726,23033,52518,36315,05816,81415,37415,50910,9855,7000000
       Short-term Debt 
0
0
0
0
0
126,109
131,172
140,617
171,655
0
125
125
215
215
229
2292152151251250171,655140,617131,172126,10900000
       Short Long Term Debt 
0
0
0
0
0
126,109
131,172
140,617
171,655
0
0
125
0
0
0
00012500171,655140,617131,172126,10900000
       Accounts payable 
2,424
2,807
2,621
2,249
2,029
4,456
5,593
6,628
7,285
4,247
0
8,653
9,326
7,619
9,319
9,3197,6199,3268,65304,2477,2856,6285,5934,4562,0292,2492,6212,8072,424
       Other Current Liabilities 
0
0
0
0
0
6,529
9,916
8,746
7,221
15,058
18,238
24,872
16,904
18,878
18,985
18,98518,87816,90424,87218,23815,0587,2218,7469,9166,52900000
   > Long-term Liabilities 
0
0
0
0
23,800
126,109
131,623
141,084
171,992
179,386
197,028
227,175
246,363
323,095
340,685
340,685323,095246,363227,175197,028179,386171,992141,084131,623126,10923,8000000
       Long term Debt Total 
0
0
0
0
0
0
0
137,587
170,624
178,491
187,570
213,828
239,854
322,998
340,564
340,564322,998239,854213,828187,570178,491170,624137,5870000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
0
-126,109
-131,172
-140,617
-171,655
0
-125
-125
691
451
222
222451691-125-1250-171,655-140,617-131,172-126,10900000
> Total Stockholder Equity
115,328
115,077
125,131
132,778
205,700
238,203
303,491
357,493
364,108
531,643
610,330
751,880
741,879
1,006,422
1,056,677
1,056,6771,006,422741,879751,880610,330531,643364,108357,493303,491238,203205,700132,778125,131115,077115,328
   Common Stock
134,325
134,325
134,325
134,325
205,700
204,506
230,707
197,224
202,179
341,025
406,175
515,924
406,736
415,410
424,361
424,361415,410406,736515,924406,175341,025202,179197,224230,707204,506205,700134,325134,325134,325134,325
   Retained Earnings Total Equity000000000000000
   Accumulated Other Comprehensive Income 
0
0
0
0
0
0
112
61,082
0
0
0
0
0
0
0
000000061,082112000000
   Capital Surplus 000000000000000
   Treasury Stock000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
61,082
68,368
81,245
99,807
119,099
-741,879
-1,006,422
-1,056,677
-1,056,677-1,006,422-741,879119,09999,80781,24568,36861,0820000000



Balance Sheet

Currency in AUD. All numbers in thousands.




Cash Flow

Currency in AUD. All numbers in thousands.




Income Statement

Currency in AUD. All numbers in thousands.


Latest Income Statement (annual, 2023-06-30)

Gross Profit (+$)
totalRevenue92,641
Cost of Revenue-635
Gross Profit92,00692,006
 
Operating Income (+$)
Gross Profit92,006
Operating Expense-7,321
Operating Income67,95784,685
 
Operating Expense (+$)
Research Development0
Selling General Administrative6,543
Selling And Marketing Expenses0
Operating Expense7,3216,543
 
Net Interest Income (+$)
Interest Income9,694
Interest Expense-10,023
Other Finance Cost-9,100
Net Interest Income-9,429
 
Pretax Income (+$)
Operating Income67,957
Net Interest Income-9,429
Other Non-Operating Income Expenses0
Income Before Tax (EBT)74,23968,974
EBIT - interestExpense = 72,682
81,688
84,262
Interest Expense10,023
Earnings Before Interest and Taxes (EBIT)82,70584,262
Earnings Before Interest and Taxes (EBITDA)84,262
 
After tax Income (+$)
Income Before Tax74,239
Tax Provision-0
Net Income From Continuing Ops74,23974,239
Net Income74,239
Net Income Applicable To Common Shares74,239
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses19,287
Total Other Income/Expenses Net-1,0179,429
 

Technical Analysis of Arena
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Arena. The general trend of Arena is BEARISH with 42.9% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Arena's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-42.9%) Bearish trend (42.9%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Arena REIT.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 3.405 < 3.65 < 3.65.

The bearish price targets are: 3.241846884273 > 3.0837485714286 > 3.0002774774775.

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Arena REIT Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Arena REIT. The current mas is .

The long score for the Moving Averages is 4/14.
The longshort score for the Moving Averages is -6/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Arena REIT Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Arena REIT. The current macd is -0.04401063.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Arena price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Arena. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Arena price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Arena REIT Daily Moving Average Convergence/Divergence (MACD) ChartArena REIT Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Arena REIT. The current adx is 16.14.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -2/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Arena shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bearish trend could be forming. -1
Arena REIT Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Arena REIT. The current sar is 3.603916.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1