GROWTHPOINT PROPERTIES AUSTRALIA (GOZ)
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GOZ - GROWTHPOINT PROPERTIES AUSTRALIA

FNArena Sector : Infra & Property Developers
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 8.09
Index: ASX200 | ASX300 | ALL-ORDS

Growthpoint Properties is a real estate investment company with a portfolio of industrial and office properties across Australia. It has been listed on the ASX since 2007.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.43

06 Dec
2023

0.110

OPEN

$2.35

4.74%

HIGH

$2.43

1,213,217

LOW

$2.33

TARGET
$3.107 27.8% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
CMW . CWP . FRI . FWD . GMG . GPT . HPI . LIC . LLC . MGR . PPC . SFC . SGP . SIO . UOS .
FNARENA'S MARKET CONSENSUS FORECASTS
GOZ: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx - 32.1 21.7 xxx
DPS (cps) xxx 21.4 20.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx 2.9% - 6.5% xxx
PE Ratio xxx N/A 11.2 xxx
Dividend Yield xxx N/A 8.2% xxx
Div Pay Ratio(%) xxx N/A 92.0% xxx

Dividend yield today if purchased 3 years ago: 5.94%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 8.77

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 10.7c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-32.1
DPS All xxxxxxxxxxxxxxx21.4
Sales/Revenue xxxxxxxxxxxxxxx342.7 M
Book Value Per Share xxxxxxxxxxxxxxx405.2
Net Operating Cash Flow xxxxxxxxxxxxxxx176.0 M
Net Profit Margin xxxxxxxxxxxxxxx-71.67 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-7.47 %
Return on Invested Capital xxxxxxxxxxxxxxx-4.72 %
Return on Assets xxxxxxxxxxxxxxx-4.59 %
Return on Equity xxxxxxxxxxxxxxx-7.47 %
Return on Total Capital xxxxxxxxxxxxxxx4.67 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx10.9 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 xxxxxxxxxxxxxxx2 M
Long Term Debt xxxxxxxxxxxxxxx2,024 M
Total Debt xxxxxxxxxxxxxxx2,026 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx49 M
Price To Book Value xxxxxxxxxxxxxxx0.69

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx2.7 M
Capex % of Sales xxxxxxxxxxxxxxx0.79 %
Cost of Goods Sold xxxxxxxxxxxxxxx59 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx40 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx5,104 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

1.0

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

21/08/2023

1

Buy

$3.80

56.38%

While assisted by a pull-forward from future periods, the FY23 result for Growthpoint Properties Australia was a beat against Ord Minnett's forecasts.

FY24 guidance is for funds from operations (FFO) of 22.9cps, a -15% decline on FY23 due to interest rate rises, soft leasing conditions and a vacancy left by a departing tenant, explains the analyst.

In a bear case scenario only, the broker notes Growthpoint could approach its debt covenant levels though this would require substantial interest rate rises and/or a material lift in vacancy levels.

The target falls by -5% to $3.80. Buy.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 21.40 cents and EPS of 24.90 cents.
Ord Minnett forecasts a full year FY25 dividend of 21.80 cents and EPS of 27.60 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

GOZ STOCK CHART

FNArena News on GOZ

1
Rudi’s View: Outlook 2024, Is History Our Guide?

Nov 08 2023 - Rudi's View
2
October In Review: Material Losses Across All Sized Indices

Nov 06 2023 - Australia
3
Australian Broker Call *Extra* Edition – Oct 26, 2023

Oct 26 2023 - Daily Market Reports
4
Rudi’s View: CSL, ResMed, Domino’s Pizza, Helloworld, Iress and Liontown

Oct 11 2023 - Rudi's View
5
ESG Focus: Reporting Season A Cracker For ESG

Sep 14 2023 - ESG Focus

Latest Infra & Property Developers News

1
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Aug 22 2023 - Technicals
2
Goodman Group: Breaking Out

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

Jul 19 2022 - Technicals
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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