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
Debt/EBITDA: 7.27
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

$23.31

07 Dec
2023

-0.170

OPEN

$23.54

-0.72%

HIGH

$23.68

2,797,716

LOW

$23.18

TARGET
$23.733 1.8% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
CMW . CWP . FRI . FWD . GOZ . GPT . HPI . LIC . LLC . MGR . PPC . SFC . SGP . SIO . UOS .
FNARENA'S MARKET CONSENSUS FORECASTS
GMG: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 83.0 104.7 xxx
DPS (cps) xxx 30.0 30.0 xxx
EPS Growth xxx - 54.7% 26.1% xxx
DPS Growth xxx 0.0% 0.0% xxx
PE Ratio xxx N/A 22.2 xxx
Dividend Yield xxx N/A 1.3% xxx
Div Pay Ratio(%) xxx 36.1% 28.7% xxx

Dividend yield today if purchased 3 years ago: 1.65%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.29

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 - ex-div 15c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx83.0
DPS All xxxxxxxxxxxxxxx30.0
Sales/Revenue xxxxxxxxxxxxxxx1,963.6 M
Book Value Per Share xxxxxxxxxxxxxxx956.8
Net Operating Cash Flow xxxxxxxxxxxxxxx1,284.2 M
Net Profit Margin xxxxxxxxxxxxxxx79.44 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx9.06 %
Return on Invested Capital xxxxxxxxxxxxxxx7.69 %
Return on Assets xxxxxxxxxxxxxxx6.85 %
Return on Equity xxxxxxxxxxxxxxx9.06 %
Return on Total Capital xxxxxxxxxxxxxxx2.19 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx709.1 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx12 M
Long Term Debt xxxxxxxxxxxxxxx3,348 M
Total Debt xxxxxxxxxxxxxxx3,361 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,360 M
Price To Book Value xxxxxxxxxxxxxxx2.10

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx13.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.66 %
Cost of Goods Sold xxxxxxxxxxxxxxx638 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx880 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx3,895 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

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

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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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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Morgan Stanley

07/11/2023

1

Overweight

$25.50

9.40%

Morgan Stanley spotted a "steady" Q1 operational update by Goodman Group, with no outstandingly positive or negative revelations.

Management maintained FY24 EPS guidance of 9%, which implies to the broker 102.8cps compared to the consensus forecast of 105.2cps.

Given the annualised production target of $7bn, Morgan Stanley felt commencements of $0.7bn for the quarter were a little low.

Assets under management (AUM) were $82.9bn compared to $81bn in the prior quarter, and the analysts note the cap rate appears to be broadly flat at 4.53% overall.

Target $25.50. Overweight. Industry view: In-Line. 

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 30.00 cents and EPS of 105.00 cents.
Morgan Stanley forecasts a full year FY25 dividend of 32.00 cents and EPS of 113.00 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

GMG STOCK CHART

FNArena News on GMG

1
Rudi’s View: Bear&Bull Market To Continue (?) In 2024

Dec 06 2023 - Rudi's View
2
Rudi’s View: All-Weather Portfolio In 2023

Nov 29 2023 - Rudi's View
3
Rudi’s View: Quality In Stocks; What Is It Good For?

Nov 22 2023 - Rudi's View
4
ESG Focus: Rounding Up A Psychosocial FY23 Season

Nov 20 2023 - ESG Focus
5
In Brief: House Prices, REITs, Commodities & Superannuation 

Nov 17 2023 - Weekly Reports

Latest Infra & Property Developers News

1
Goodman Group: Overbought

Aug 22 2023 - Technicals
2
Goodman Group: Breaking Out

May 02 2023 - Technicals
3
Goodman Group: Short Term Rally

Jul 19 2022 - Technicals
4
Goodman Silences The Critics

May 18 2022 - Australia
5
Treasure Chest: Stockland Ready To De-Couple

Apr 05 2022 - Treasure Chest
6
Stockland: Property Portfolio In Transformation

Nov 10 2021 - Australia
7
The Goodman Group Good News Story Continues

Nov 03 2021 - Australia
8
Goodman Group: Momentum Strong

Oct 26 2021 - Technicals
9
Will There Be Upside From Lendlease Targets?

Sep 06 2021 - Australia
10
Mirvac’s Earnings Wired To Apartment Resurgence

Aug 17 2021 - Australia