GOODMAN GROUP (GMG)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

GMG

GMG - GOODMAN GROUP

FNArena Sector : Infra & Property Developers
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 10.62
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Goodman Group is an Australian commercial and industrial property group that owns, develops and manages warehouses, large scale logistics facilities, business and office parks in 17 countries. First listed in February 2005.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$29.58

28 Jul
2026

0.060

OPEN

$29.30

0.20%

HIGH

$29.88

2,743,104

LOW

$29.21

TARGET
$35.013

+0.02 change from previous day

 18.4% upside
OTHER COMPANIES IN THE SAME SECTOR
CMW . CWP . FRI . FWD . GLF . GOZ . GPT . LIC . LLC . MGR . PPC . SFC . SGP . SIO . UOS .
FNARENA'S MARKET CONSENSUS FORECASTS
GMG: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 85.4 129.8 xxx
DPS (cps) xxx 30.0 30.0 xxx
EPS Growth xxx N/A 52.0% xxx
DPS Growth xxx 0.0% 0.0% xxx
PE Ratio xxx N/A 22.8 xxx
Dividend Yield xxx N/A 1.0% xxx
Div Pay Ratio(%) xxx 35.1% 23.1% xxx

Dividend yield today if purchased 3 years ago: 1.46%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.01

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: 29/06 - (franking ex-div 15.00c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic 82.4125.4183.283.0-5.285.4
DPS All 30.030.030.030.030.030.0
Sales/Revenue 1,495.5 M1,866.0 M2,056.3 M1,963.6 M1,962.0 M2,293.0 M
Book Value Per Share 630.1712.4879.2956.8923.41,147.6
Net Operating Cash Flow 1,156.9 M1,114.7 M841.0 M1,284.2 M1,188.6 M959.6 M
Net Profit Margin 100.58 %123.90 %166.03 %79.44 %-5.04 %72.67 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed 13.65 %18.73 %23.08 %9.06 %-0.56 %8.16 %
Return on Invested Capital 10.85 %15.66 %19.80 %7.69 %-0.46 %6.76 %
Return on Assets 9.68 %13.99 %17.80 %6.85 %-0.41 %6.00 %
Return on Equity 13.65 %18.73 %23.08 %9.06 %-0.56 %8.16 %
Return on Total Capital 3.93 %3.30 %3.87 %2.19 %2.40 %1.92 %
Free Cash Flow ex dividends 608.1 M556.3 M277.9 M709.1 M610.7 M381.6 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 278 M12 M146 M12 M11 M556 M
Long Term Debt 2,708 M2,142 M2,757 M3,348 M3,712 M4,719 M
Total Debt 2,985 M2,154 M2,903 M3,361 M3,723 M5,275 M
Goodwill - Gross ------
Cash & Equivalents - Generic 1,782 M920 M1,056 M1,360 M1,785 M3,957 M
Price To Book Value 2.362.972.032.103.762.98

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex 2.5 M7.0 M5.9 M13.0 M10.5 M6.4 M
Capex % of Sales 0.17 %0.38 %0.29 %0.66 %0.54 %0.28 %
Cost of Goods Sold 502 M918 M606 M638 M556 M790 M
Selling, General & Admin. Exp & Other 443 M456 M780 M880 M894 M1,024 M
Research & Development ------
Investments - Total 3,005 M3,423 M3,649 M3,895 M4,118 M7,328 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

0.8

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

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

Morgans

xx/xx/xxxx

2

xxxxxxxxx xx xxxxxxxxxx xxxx xxx

$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

Macquarie

06/07/2026

1

Outperform

$35.40

19.68%

Macquarie maintains a preference for quality and earnings growth among A-REITs and makes valuation upgrades, driven by a -30 basis points contraction in the real bond yield. A lower real bond yield means moderating capitalisation rate expansion assumptions.

The broker retains a preference for Goodman Group after taking account of valuation, retaining an Outperform rating and raising the target to $35.40 from $32.03.

Macquarie would expect the company to guide to operating EPS growth of at least 9% for FY27, with upside a function of performance fees, land sales for data centre development joint ventures and the percentage completion of data centre developments.

FORECAST
Macquarie forecasts a full year FY26 dividend of 30.00 cents and EPS of 129.60 cents.
Macquarie forecasts a full year FY27 dividend of 30.00 cents and EPS of 141.00 cents.

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

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

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

(xx/xx/xxxx)

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

29/04/2026

1

Buy

$35.56

20.22%

Jarden updates forecasts and valuations for the A-REIT sector amid significant volatility in interest rates, which is expected to continue over the course of 2026.

The broker takes a more conservative approach to forecasts now, based on higher interest rates and revised operating and valuation assumptions.

Although investors may be reluctant to "stand in front of increasing interest rates" sufficient conservatism has been priced into the sector, Jarden asserts.

Buy rating retained for Goodman Group while target is reduced to $35.56 from $36.80.

FORECAST
Jarden forecasts a full year FY26 dividend of 30.00 cents and EPS of 129.80 cents.
Jarden forecasts a full year FY27 dividend of 30.00 cents and EPS of 144.00 cents.
Access Extra Coverage Research History >

GMG STOCK CHART

FNArena News on GMG

1
Rudi’s View: Pre-August Picks In Resources, Retail & Small Caps

Jul 23 2026 - Rudi's View
2
Rudi’s View: Small Cap Favourites, AI & More

Jul 16 2026 - Rudi's View
3
ESG Focus: War Accelerates Energy Transition

Jul 15 2026 - ESG Focus
4
Weekly Ratings, Targets, Forecast Changes – 10-07-26

Jul 13 2026 - Weekly Reports
5
Rudi’s View: July’s Stock Pickers’ Favourites

Jul 09 2026 - Rudi's View

Latest Infra & Property Developers News

1
Goodman Group Confident Of Contracts Flowing

Jun 01 2026 - Australia
2
August 2025 Results – The Wrap

Sep 12 2025 - Feature Stories
3
GemLife: A Gemstone For Australia’s Downsizers

Sep 11 2025 - Small Caps
4
Relax, Goodman’s Playing The Long Game

Aug 25 2025 - Australia
5
Goodman Group Revels In Data Centres Hot Seat

Jun 03 2025 - Australia
6
Treasure Chest: Goodman Group’s Data Centres

Apr 02 2025 - Treasure Chest
7
Treasure Chest: Stockland

Jan 15 2025 - Treasure Chest
8
GPT Group On The Up

Jul 16 2024 - Technicals
9
Treasure Chest: Stockland

Jun 26 2024 - Treasure Chest
10
ESG Focus: Do Data Centres Threaten ESG Targets?

Jun 24 2024 - ESG Focus