STOCKLAND (SGP)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

SGP

SGP - STOCKLAND

FNArena Sector : Infra & Property Developers
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 6.74
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Stockland is a diversified Australian property development company, owning, developing and managing shopping centres, housing estates, industrial estates and retirement villages. The company gained a listing on the Sydney stock exchange in 1957 by acquiring a controlling interest in Simon Hickey Industries, the smallest company then listed.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$6.28

28 Aug
2025

0.030

OPEN

$6.28

0.48%

HIGH

$6.31

3,868,932

LOW

$6.24

TARGET
$6.09 -3.0% downside
OTHER COMPANIES IN THE SAME SECTOR
CMW . CWP . FRI . FWD . GLF . GMG . GOZ . GPT . LIC . LLC . MGR . PPC . SFC . SIO . UOS .
FNARENA'S MARKET CONSENSUS FORECASTS
SGP: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 34.6 36.6 xxx
DPS (cps) xxx 25.2 26.1 xxx
EPS Growth xxx 100.0% 5.7% xxx
DPS Growth xxx 2.4% 3.6% xxx
PE Ratio xxx N/A 17.0 xxx
Dividend Yield xxx N/A 4.2% xxx
Div Pay Ratio(%) xxx 72.8% 71.4% xxx

Dividend yield today if purchased 3 years ago: 6.98%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.06

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 30/12 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx34.6
DPS All xxxxxxxxxxxxxxx25.2
Sales/Revenue xxxxxxxxxxxxxxx3,131.0 M
Book Value Per Share xxxxxxxxxxxxxxx425.4
Net Operating Cash Flow xxxxxxxxxxxxxxx328.0 M
Net Profit Margin xxxxxxxxxxxxxxx26.38 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx8.23 %
Return on Invested Capital xxxxxxxxxxxxxxx5.75 %
Return on Assets xxxxxxxxxxxxxxx4.75 %
Return on Equity xxxxxxxxxxxxxxx8.23 %
Return on Total Capital xxxxxxxxxxxxxxx5.02 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-200.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx1,061 M
Long Term Debt xxxxxxxxxxxxxxx4,152 M
Total Debt xxxxxxxxxxxxxxx5,213 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx774 M
Price To Book Value xxxxxxxxxxxxxxx1.26

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx3.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.10 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,914 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx462 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx12,424 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.4

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

20/08/2025

3

Neutral

$5.55

-11.62%

Today's FY25 result by Stockland was slightly ahead of UBS expectations (at first glance), with post-tax funds from operations (FFO) of $808m versus the broker at $794m and consensus at $796m.

FFO per security was 33.9c and a 25.2c distribution, pre-announced, was declared.

Development earnings exceeded forecasts with 6,865 lot settlements above guidance and the broker’s forecast, while investment earnings were softer, with office dragging.

UBS notes strong momentum in the fourth quarter with 1,848 lot sales, up 36% year-on-year, while default and cancellation rates are normalising.

Net tangible assets (NTA) rose to $4.22, gearing improved to 25.2% within target range, and investment portfolio growth was supported by retail and logistics, highlight the analysts.

Guidance for FY26 is FFO per security of 36-37c, broadly in line with UBS at 36cps, while distribution guidance is steady at 25.2cps, implying a payout ratio of 69% under the revised 60-80% range.

Target $5.55. Neutral rating.

FORECAST
UBS forecasts a full year FY26 dividend of 27.00 cents and EPS of 36.00 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

25/08/2025

2

Overweight

$6.80

8.28%

Stockland's FY25 funds from operations beat Jarden's forecast by 1% and the consensus by 1.5%, with the broker believing the developer is well-positioned for accelerating earnings growth.

FY26 guidance for large residential settlements is 7,500-8,500 and at the midpoint it's around 200 higher than the broker's 7,800 estimate.

Logistic pipeline has expanded to $10bn from organic growth and partnerships, with $162m incremental spend projected for FY26 for EV of $316m.

Rising capex is a concern, but the broker reckons there's ample debt capacity, expanding pool of JV partners, ongoing recycling opportunities and improving cost of equity.

FY26 EPS forecast raised by 0.6% and FY27 by 1.2%. Overweight. Target lifted to $6.80 from $6.35.

FORECAST
Jarden forecasts a full year FY26 dividend of 25.20 cents and EPS of 36.50 cents.
Jarden forecasts a full year FY27 dividend of 27.60 cents and EPS of 40.00 cents.
Access Extra Coverage Research History >

SGP STOCK CHART

FNArena News on SGP

1
Australian Broker Call *Extra* Edition – Aug 25, 2025

Aug 25 2025 - Daily Market Reports
2
FNArena Corporate Results Monitor – 21-08-2025

Aug 21 2025 - Australia
3
Rudi’s View: BlueScope Steel, IGO, GrainCorp, Pilbara Minerals, Santos & More

Aug 14 2025 - Rudi's View
4
Next Week At A Glance -11-15 Aug 2025

Aug 08 2025 - Weekly Reports
5
Rudi’s View: AI Updates, Hot Favourites & First August Results

Aug 07 2025 - Rudi's View

Latest Infra & Property Developers News

1
Relax, Goodman’s Playing The Long Game

Aug 25 2025 - Australia
2
Goodman Group Revels In Data Centres Hot Seat

Jun 03 2025 - Australia
3
Treasure Chest: Goodman Group’s Data Centres

Apr 02 2025 - Treasure Chest
4
Treasure Chest: Stockland

Jan 15 2025 - Treasure Chest
5
GPT Group On The Up

Jul 16 2024 - Technicals
6
Treasure Chest: Stockland

Jun 26 2024 - Treasure Chest
7
ESG Focus: Do Data Centres Threaten ESG Targets?

Jun 24 2024 - ESG Focus
8
Goodman Group’s Upward Momentum Continues

Jun 11 2024 - Technicals
9
Lendlease: Bringing It Back Home

May 30 2024 - Australia
10
Goodman Group Powers On

May 09 2024 - Australia