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Arena REIT
Buy, Hold or Sell?

Let's analyze Arena together

I 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.

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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$0.34
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
A$3.37
Expected worth in 1 year
A$3.71
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
A$0.84
Return On Investment
21.4%

For what price can you sell your share?

Current Price per Share
A$3.94
Expected price per share
A$3.47679 - A$4.5190426501035
How sure are you?
50%
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1. Valuation of Arena (5 min.)




Live pricePrice per Share (EOD)

A$3.94

Intrinsic Value Per Share

A$-0.99 - A$0.91

Total Value Per Share

A$2.37 - A$4.28

2. Growth of Arena (5 min.)




Is Arena growing?

Current yearPrevious yearGrowGrow %
How rich?$804.7m$784.3m$20.3m2.5%

How much money is Arena making?

Current yearPrevious yearGrowGrow %
Making money$49.8m$224.3m-$174.4m-350.3%
Net Profit Margin79.6%411.5%--

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$3.94. 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$3.37. 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$0.81 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 Eps0.143.5%0.143.5%0.6316.0%0.276.8%0.205.0%
Usd Book Value Change Per Share0.061.4%0.061.4%0.5513.9%0.256.4%0.194.7%
Usd Dividend Per Share0.082.1%0.082.1%0.082.1%0.071.8%0.061.4%
Usd Total Gains Per Share0.143.6%0.143.6%0.6316.0%0.328.2%0.246.1%
Usd Price Per Share2.52-2.52-2.87-2.22-1.72-
Price to Earnings Ratio18.04-18.04-4.55-11.40-10.55-
Price-to-Total Gains Ratio17.87-17.87-4.55-8.69-8.35-
Price to Book Ratio1.12-1.12-1.30-1.30-1.54-
Price-to-Total Gains Ratio17.87-17.87-4.55-8.69-8.35-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share2.64374
Number of shares378
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 (378 shares)53.37122.21
Gains per Year (378 shares)213.48488.84
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
112786203109380479
2254173416217761968
338125962932611411457
450834684243415211946
5636432105554319012435
6763518126865122822924
7890605148176026623413
81017691169486930423902
91144777190797734224391
1012718642120108638034880

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 2024-07-17 08:40:03.

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 expensive.
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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 79.6%¬†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 79.6%. The company is making a huge profit. +2
  • The TTM is 79.6%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ79.6%TTM79.6%0.0%
TTM79.6%YOY411.5%-331.8%
TTM79.6%5Y192.9%-113.3%
5Y192.9%10Y190.7%+2.2%
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.
  • 6.2% Return on Equity means Arena generated $0.06¬†for each¬†$1 the owners (shareholders) invested.

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

  • The MRQ is 6.2%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 6.2%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ6.2%TTM6.2%0.0%
TTM6.2%YOY28.6%-22.4%
TTM6.2%5Y15.1%-8.9%
5Y15.1%10Y18.4%-3.3%
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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 72.9%¬†means the company generated $0.73 ¬†for each $1 in revenue (before taxes).

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

  • The MRQ is 72.9%. The company is operating very efficient. +2
  • The TTM is 72.9%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ72.9%TTM72.9%0.0%
TTM72.9%YOY74.4%-1.5%
TTM72.9%5Y90.6%-17.7%
5Y90.6%10Y108.6%-18.0%
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 0.08 means that the operating costs are $0.08 for each $1 in net sales.

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

  • The MRQ is 0.080. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.080. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.080TTM0.0800.000
TTM0.080YOY-0.214+0.294
TTM0.0805Y0.034+0.046
5Y0.03410Y0.552-0.519
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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
TTM1.002YOY1.089-0.087
TTM1.0025Y1.301-0.300
5Y1.30110Y1.217+0.084
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
TTM0.963YOY1.067-0.104
TTM0.9635Y1.198-0.236
5Y1.19810Y1.029+0.170
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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 30.8% means that company has $0.31 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 0.308. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.308. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.308TTM0.3080.000
TTM0.308YOY0.299+0.009
TTM0.3085Y0.337-0.029
5Y0.33710Y0.432-0.095
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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 18.04 means the investor is paying $18.04¬†for every $1 in earnings.

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

  • The EOD is 18.908. Based on the earnings, the company is fair priced.
  • The MRQ is 18.044. Based on the earnings, the company is fair priced.
  • The TTM is 18.044. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD18.908MRQ18.044+0.864
MRQ18.044TTM18.0440.000
TTM18.044YOY4.551+13.493
TTM18.0445Y11.397+6.647
5Y11.39710Y10.548+0.849
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 -122.370. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -116.779. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -116.779. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-122.370MRQ-116.779-5.590
MRQ-116.779TTM-116.7790.000
TTM-116.779YOY-33.143-83.636
TTM-116.7795Y-44.232-72.548
5Y-44.23210Y-2.102-42.130
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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 1.12 means the investor is paying $1.12¬†for each $1 in book value.

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

  • The EOD is 1.170. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.117. Based on the equity, the company is underpriced. +1
  • The TTM is 1.117. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.170MRQ1.117+0.053
MRQ1.117TTM1.1170.000
TTM1.117YOY1.301-0.184
TTM1.1175Y1.303-0.186
5Y1.30310Y1.539-0.236
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--0.0850.0850%0.814-90%0.375-77%0.278-69%
Book Value Per Share--3.3663.3660%3.281+3%2.588+30%1.817+85%
Current Ratio--1.0021.0020%1.089-8%1.301-23%1.217-18%
Debt To Asset Ratio--0.2350.2350%0.230+2%0.244-4%0.279-16%
Debt To Equity Ratio--0.3080.3080%0.299+3%0.337-9%0.432-29%
Dividend Per Share--0.1250.1250%0.124+1%0.107+17%0.083+51%
Eps--0.2080.2080%0.938-78%0.398-48%0.295-29%
Free Cash Flow Per Share---0.032-0.0320%-0.129+300%-0.106+229%-0.056+74%
Free Cash Flow To Equity Per Share---0.110-0.1100%-0.023-79%-0.042-62%-0.003-98%
Gross Profit Margin--0.9330.9330%0.985-5%0.984-5%0.990-6%
Intrinsic Value_10Y_max--0.910--------
Intrinsic Value_10Y_min---0.994--------
Intrinsic Value_1Y_max---0.024--------
Intrinsic Value_1Y_min---0.105--------
Intrinsic Value_3Y_max--0.015--------
Intrinsic Value_3Y_min---0.314--------
Intrinsic Value_5Y_max--0.160--------
Intrinsic Value_5Y_min---0.517--------
Market Cap1403703863.040+5%1339575260.1601339575260.1600%1521272968.320-12%1179966292.992+14%915079536.096+46%
Net Profit Margin--0.7960.7960%4.115-81%1.929-59%1.907-58%
Operating Margin--0.7290.7290%0.744-2%0.906-20%1.086-33%
Operating Ratio--0.0800.0800%-0.214+368%0.034+135%0.552-86%
Pb Ratio1.170+5%1.1171.1170%1.301-14%1.303-14%1.539-27%
Pe Ratio18.908+5%18.04418.0440%4.551+297%11.397+58%10.548+71%
Price Per Share3.940+5%3.7603.7600%4.270-12%3.312+14%2.569+46%
Price To Free Cash Flow Ratio-122.370-5%-116.779-116.7790%-33.143-72%-44.232-62%-2.102-98%
Price To Total Gains Ratio18.725+5%17.86917.8690%4.553+292%8.692+106%8.346+114%
Quick Ratio--0.9630.9630%1.067-10%1.198-20%1.029-6%
Return On Assets--0.0470.0470%0.220-78%0.112-58%0.120-61%
Return On Equity--0.0620.0620%0.286-78%0.151-59%0.184-66%
Total Gains Per Share--0.2100.2100%0.938-78%0.482-56%0.361-42%
Usd Book Value--804734997.000804734997.0000%784381554.000+3%618582687.800+30%434319176.500+85%
Usd Book Value Change Per Share--0.0570.0570%0.546-90%0.251-77%0.186-69%
Usd Book Value Per Share--2.2592.2590%2.202+3%1.736+30%1.219+85%
Usd Dividend Per Share--0.0840.0840%0.083+1%0.072+17%0.056+51%
Usd Eps--0.1400.1400%0.630-78%0.267-48%0.198-29%
Usd Free Cash Flow---7697041.000-7697041.0000%-30798900.000+300%-25340583.400+229%-13390677.300+74%
Usd Free Cash Flow Per Share---0.022-0.0220%-0.086+300%-0.071+229%-0.038+74%
Usd Free Cash Flow To Equity Per Share---0.074-0.0740%-0.016-79%-0.028-62%-0.002-98%
Usd Market Cap941885292.100+5%898854999.567898854999.5670%1020774161.743-12%791757382.598+14%614018368.720+46%
Usd Price Per Share2.644+5%2.5232.5230%2.865-12%2.222+14%1.723+46%
Usd Profit--49814369.00049814369.0000%224307248.000-78%95260796.400-48%70402393.600-29%
Usd Revenue--62560685.00062560685.0000%54513382.000+15%48231077.400+30%36327000.600+72%
Usd Total Gains Per Share--0.1410.1410%0.629-78%0.323-56%0.242-42%
 EOD+5 -3MRQTTM+0 -0YOY+13 -235Y+17 -1910Y+18 -18

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)Between0-1518.908
Price to Book Ratio (EOD)Between0-11.170
Net Profit Margin (MRQ)Greater than00.796
Operating Margin (MRQ)Greater than00.729
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 than10.308
Return on Equity (MRQ)Greater than0.150.062
Return on Assets (MRQ)Greater than0.050.047
Total5/10 (50.0%)

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 than5054.809
Ma 20Greater thanMa 503.933
Ma 50Greater thanMa 1003.821
Ma 100Greater thanMa 2003.706
OpenGreater thanClose3.920
Total4/5 (80.0%)



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 Equity1,199,307
 As reported
Total Liabilities 368,989
Total Stockholder Equity+ 1,199,307
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
Inventory -6,939
Total Current Assets  (as reported)28,356
Total Current Assets  (calculated)20,307
+/- 8,049
Long-term Assets
Property Plant Equipment 654
Goodwill 10,816
Intangible Assets 10,816
Other Assets 12,558
Long-term Assets  (as reported)1,539,940
Long-term Assets  (calculated)34,844
+/- 1,505,096

Liabilities & Shareholders' Equity

Total Current Liabilities28,304
Long-term Liabilities340,342
Total Stockholder Equity1,199,307
Total Current Liabilities
Short-term Debt 229
Accounts payable 9,319
Other Current Liabilities 15,496
Total Current Liabilities  (as reported)28,304
Total Current Liabilities  (calculated)25,044
+/- 3,260
Long-term Liabilities
Long term Debt Total 340,564
Long-term Liabilities  (as reported)340,342
Long-term Liabilities  (calculated)340,564
+/- 222
Total Stockholder Equity
Common Stock566,991
Retained Earnings 632,316
Total Stockholder Equity (as reported)1,199,307
Total Stockholder Equity (calculated)1,199,307
+/-0
Other
Capital Stock424,361
Cash and Short Term Investments 16,113
Common Stock Shares Outstanding 350,124
Current Deferred Revenue3,260
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
241,275
375,297
450,623
513,951
621,282
725,847
825,721
1,012,580
1,151,511
1,518,566
1,568,296
1,568,2961,518,5661,151,5111,012,580825,721725,847621,282513,951450,623375,297241,275240,197240,969233,995241,776
   > Total Current Assets 
0
0
0
0
7,491
19,466
18,051
10,415
17,695
14,800
15,845
86,017
25,905
28,859
28,356
28,35628,85925,90586,01715,84514,80017,69510,41518,05119,4667,4910000
       Cash And Cash Equivalents 
6,580
3,884
4,895
5,561
4,995
3,947
10,888
9,446
9,082
8,654
8,134
76,330
14,018
22,200
16,113
16,11322,20014,01876,3308,1348,6549,0829,44610,8883,9474,9955,5614,8953,8846,580
       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
1,241
15,088
296
75
149
192
258
10,492
10,002
3,011
4,194
4,1943,01110,00210,4922581921497529615,0881,2410000
       Other Current Assets 
0
0
0
0
1,255
431
6,867
894
8,464
5,954
7,453
-86,822
-24,020
-25,211
-20,307
-20,307-25,211-24,020-86,8227,4535,9548,4648946,8674311,2550000
   > Long-term Assets 
0
0
0
0
233,784
355,831
431,383
502,474
602,727
710,379
809,273
925,032
1,124,234
1,489,393
1,539,940
1,539,9401,489,3931,124,234925,032809,273710,379602,727502,474431,383355,831233,7840000
       Property Plant Equipment 
0
0
0
0
233,784
355,831
420,653
491,658
591,911
699,563
798,457
209
987
783
654
654783987209798,457699,563591,911491,658420,653355,831233,7840000
       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
10,816
10,816
10,816
10,816
10,816
10,81610,81610,81610,81610,81610,81610,81610,81610,730000000
       Long-term Assets Other 
0
0
0
0
-233,784
0
-431,383
-502,474
-602,727
-710,379
-809,273
903,191
1,101,615
898
1,110
1,1108981,101,615903,191-809,273-710,379-602,727-502,474-431,3830-233,7840000
> Total Liabilities 
126,447
118,917
115,838
107,418
31,210
137,094
147,132
156,458
188,806
194,204
215,391
260,700
272,593
349,592
368,989
368,989349,592272,593260,700215,391194,204188,806156,458147,132137,09431,210107,418115,838118,917126,447
   > Total Current Liabilities 
0
0
0
0
6,640
10,985
15,509
15,374
16,814
14,818
18,363
33,525
26,230
26,497
28,304
28,30426,49726,23033,52518,36314,81816,81415,37415,50910,9856,6400000
       Short-term Debt 
0
0
0
0
0
126,109
131,172
-2,059
-2,020
-1,640
-2,128
125
215
215
229
229215215125-2,128-1,640-2,020-2,059131,172126,10900000
       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
6,236
8,653
9,326
7,619
9,319
9,3197,6199,3268,6536,2364,2477,2856,6285,5934,4562,0292,2492,6212,8072,424
       Other Current Liabilities 
0
0
0
0
4,611
6,529
9,916
6,687
7,509
10,571
12,127
22,687
13,214
14,832
15,496
15,49614,83213,21422,68712,12710,5717,5096,6879,9166,5294,6110000
   > Long-term Liabilities 
0
0
0
0
24,570
126,109
131,172
140,617
171,655
179,052
196,750
226,938
245,337
322,547
340,342
340,342322,547245,337226,938196,750179,052171,655140,617131,172126,10924,5700000
       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
2,059
2,020
1,640
2,128
-125
691
451
222
222451691-1252,1281,6402,0202,059-131,172-126,10900000
> Total Stockholder Equity
115,328
115,077
125,131
132,778
210,065
238,203
253,745
296,411
364,108
450,398
510,523
751,880
878,918
1,168,974
1,199,307
1,199,3071,168,974878,918751,880510,523450,398364,108296,411253,745238,203210,065132,778125,131115,077115,328
   Common Stock
134,325
134,325
134,325
134,325
205,252
204,506
191,845
197,224
202,179
259,780
306,368
515,924
543,775
577,962
566,991
566,991577,962543,775515,924306,368259,780202,179197,224191,845204,506205,252134,325134,325134,325134,325
   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
-210,065
0
-112
-61,082
68,368
0
99,807
119,099
-741,879
-1,006,422
0
0-1,006,422-741,879119,09999,807068,368-61,082-1120-210,0650000



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 (+$)
totalRevenue93,235
Cost of Revenue-635
Gross Profit92,60092,600
 
Operating Income (+$)
Gross Profit92,600
Operating Expense-6,794
Operating Income85,80685,806
 
Operating Expense (+$)
Research Development0
Selling General Administrative6,543
Selling And Marketing Expenses4,986
Operating Expense6,79411,529
 
Net Interest Income (+$)
Interest Income9,694
Interest Expense-12,941
Other Finance Cost-6,182
Net Interest Income-9,429
 
Pretax Income (+$)
Operating Income85,806
Net Interest Income-9,429
Other Non-Operating Income Expenses0
Income Before Tax (EBT)74,23997,373
EBIT - interestExpense = 55,016
57,992
87,180
Interest Expense12,941
Earnings Before Interest and Taxes (EBIT)67,95787,180
Earnings Before Interest and Taxes (EBITDA)69,514
 
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 Expenses7,590
Total Other Income/Expenses Net-11,5679,429
 

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 BULLISH with 100.0% 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 (100.0%) Bearish trend (-100.0%)
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 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 4.02 < 4.0350284289277 < 4.5190426501035.

The bearish price targets are: 3.8174898701299 > 3.5999302452316 > 3.47679.

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

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher 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 higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above 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 above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above 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 0.04693939.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-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 above the zero line (centerline), it indicates a bullish signal for Arena. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Arena price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +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 17.70.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Arena shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
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 3.84837856.

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

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Arena REIT Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum¬†indicator, meaning the signals are instant.
  • Ranges¬†between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Arena REIT. The current rsi is 54.81. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending down: The RSI is trending down. -1
Arena REIT Daily Relative Strength Index (RSI) ChartArena REIT Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading¬†momentum¬†indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges¬†between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Arena REIT. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -4/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D 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
  • Trending down: The STOCH %K is trending down. -1
Arena REIT Daily Stochastic Oscillator ChartArena REIT Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When