GOODMAN GROUP (GMG)
Share Price Analysis and Chart

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GMG - GOODMAN GROUP

FNArena Sector : Infra & Property Developers
Year End: June
GICS Industry Group : Real Estate
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

$22.41

21 Sep
2021

0.080

OPEN

$22.20

0.36%

HIGH

$22.47

2,745,323

LOW

$22.13

TARGET
$24.397 8.9% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
CIM . CMW . CWP . GOZ . GPT . HPI . LLC . MGR . PPC . SDG . SGP . SIO . VLW . SFC . FWD . LIC . FRI . UOS .
FNARENA'S MARKET CONSENSUS FORECASTS
GMG: 1
Title FY20
Actual
FY21
Actual
FY22
Forecast
FY23
Forecast
EPS (cps) xxx 125.4 75.5 xxx
DPS (cps) xxx 30.0 30.7 xxx
EPS Growth xxx 52.2% - 39.8% xxx
DPS Growth xxx 0.0% 2.3% xxx
PE Ratio xxx N/A 30.3 xxx
Dividend Yield xxx N/A 1.3% xxx
Div Pay Ratio(%) xxx 23.9% 40.6% xxx

Dividend yield today if purchased 3 years ago: 2.92%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

1.31

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 - 15c (0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201620172018201920202021
EPS Basic xxxxxxxxxxxxxxx125.4
DPS All xxxxxxxxxxxxxxx30.0
Sales/Revenue xxxxxxxxxxxxxxx1,866.0 M
Book Value Per Share xxxxxxxxxxxxxxx712.4
Net Operating Cash Flow xxxxxxxxxxxxxxx1,114.7 M
Net Profit Margin xxxxxxxxxxxxxxx123.90 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201620172018201920202021
Return on Assets xxxxxxxxxxxxxxx13.99 %
Return on Equity xxxxxxxxxxxxxxx18.73 %
Return on Total Capital xxxxxxxxxxxxxxx3.30 %
Capex xxxxxxxxxxxxxxx7.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.38 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx556.3 M

Return on Assets

Return on Equity

Return on Total Capital

Capex

Capex % of Sales

Free Cash Flow ex dividends

This is work in progress. Bear with us. It'll be amazing.

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.8

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Credit Suisse

13/08/2021

1

Outperform

$24.04

7.27%

According to Credit Suisse, Goodman Group produced another solid result, driven by the Development division. FY21 operating profit was up 15%, slightly ahead of the broker's estimate. Management is guiding to 10% EPS growth in FY22, slightly below consensus.

While total shareholder returns are looking modest, the broker retains its Outperform rating and thinks the company will continue to perform well, given its strong balance sheet. In addition, there's forecast earnings growth and leverage to global e-commerce.

Developments remain the earnings driver, and with work-in-progress growing, the outlook for development earnings remains robust, points out the analyst. Credit Suisse lowers its target price to $24.04 from $24.15.

FORECAST
Credit Suisse forecasts a full year FY22 dividend of 30.00 cents and EPS of 73.00 cents.
Credit Suisse forecasts a full year FY23 dividend of 37.00 cents and EPS of 81.00 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxx xx xxxxxxxxxx xxxx xxx

$xx.xx

xx.xx%

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GMG STOCK CHART