MIRVAC GROUP (MGR)
Share Price Analysis and Chart

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MGR - MIRVAC GROUP

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

Mirvac is an Australian property group with a portfolio that includes commercial offices, retail centres and industrial properties across Australia. It is also active in the build to rent sector. The company was founded in 1972 and publicly listed in 1999.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.15

20 May
2022

-0.010

OPEN

$2.15

-0.46%

HIGH

$2.18

8,587,695

LOW

$2.15

TARGET
$2.848 32.5% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
CIM . CMW . CWP . GMG . GOZ . GPT . HPI . LLC . PPC . SDG . SGP . SIO . VLW . SFC . FWD . LIC . FRI . UOS .
FNARENA'S MARKET CONSENSUS FORECASTS
MGR: 1
Title FY20
Actual
FY21
Actual
FY22
Forecast
FY23
Forecast
EPS (cps) xxx 22.9 14.1 xxx
DPS (cps) xxx 9.9 10.2 xxx
EPS Growth xxx 61.3% - 38.3% xxx
DPS Growth xxx 8.8% 2.6% xxx
PE Ratio xxx N/A 15.2 xxx
Dividend Yield xxx N/A 4.7% xxx
Div Pay Ratio(%) xxx 43.3% 72.0% xxx

Dividend yield today if purchased 3 years ago: 3.20%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

4.60

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 - ex-div 5.1c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2022 FactSet UK Limited. All rights reserved
Title 201620172018201920202021
EPS Basic xxxxxxxxxxxxxxx22.9
DPS All xxxxxxxxxxxxxxx9.9
Sales/Revenue xxxxxxxxxxxxxxx1,803.0 M
Book Value Per Share xxxxxxxxxxxxxxx269.1
Net Operating Cash Flow xxxxxxxxxxxxxxx635.0 M
Net Profit Margin xxxxxxxxxxxxxxx49.97 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201620172018201920202021
Return on Capital Employed xxxxxxxxxxxxxxx8.71 %
Return on Invested Capital xxxxxxxxxxxxxxx6.25 %
Return on Assets xxxxxxxxxxxxxxx5.64 %
Return on Equity xxxxxxxxxxxxxxx8.71 %
Return on Total Capital xxxxxxxxxxxxxxx3.48 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx325.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

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EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.6

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

11/02/2022

1

Upgrade to Buy from Neutral

$3.13

45.58%

Mirvac Group's first half result was in line with Citi. FY22 guidance is unchanged given omicron disruptions, as the broker expected, although the market may have been disappointed.

Operationally, the development business is performing well, Citi notes, offsetting near term covid impacts on the investment portfolio. New forecasts reflect higher development profits and lower net operating income.

Target rises to $3.13 from $2.95 on higher property values. On recent share price weakness the broker upgrades to Buy from Neutral.

FORECAST
Citi forecasts a full year FY22 dividend of 10.40 cents and EPS of 15.60 cents.
Citi forecasts a full year FY23 dividend of 11.20 cents and EPS of 17.20 cents.

Credit Suisse

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

0

xxxxxxxxx xx xxxxxxxx

xx.xx%

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MGR STOCK CHART