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

$2.86

30 Jul
2021

0.050

OPEN

$2.83

1.78%

HIGH

$2.88

11,203,914

LOW

$2.80

TARGET
$2.983 4.3% 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 FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 14.2 13.9 xxx
DPS (cps) xxx 9.1 9.9 xxx
EPS Growth xxx - 48.5% - 2.3% xxx
DPS Growth xxx - 21.6% 8.2% xxx
PE Ratio xxx N/A 20.6 xxx
Dividend Yield xxx N/A 3.4% xxx
Div Pay Ratio(%) xxx 64.1% 71.0% xxx

Dividend yield today if purchased 3 years ago: 3.96%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

3.18

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 - 5.1c (0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201520162017201820192020
EPS Basic xxxxxxxxxxxxxxx14.2
DPS All xxxxxxxxxxxxxxx9.1
Sales/Revenue xxxxxxxxxxxxxxx2,095.0 M
Book Value Per Share xxxxxxxxxxxxxxx257.0
Net Operating Cash Flow xxxxxxxxxxxxxxx455.0 M
Net Profit Margin xxxxxxxxxxxxxxx26.63 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

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EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.7

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Credit Suisse

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

29/06/2021

3

Hold

$2.60

-9.09%

Ord Minnett points out REIT-owned and managed assets were revalued 5% higher across $100bn of assets for the six months to June. Capitalisation rates tightened -25bps on average. Valuations for neighbourhood retail and bulky goods retail assets lifted 5-10%. 

The industrial segment led the way, rising a very strong 12% following exceptional transaction activity, notes the broker. It's believed office transactions are again accelerating, with pricing holding up far better than fundamentals alone might suggest, increasing by 3%.

Ord Minnett suggests these figure will be of particular relevance for those REITs yet to disclose June valuations including Mirvac Group. The Hold rating and $2.60 price are retained.

This stock is not covered in-house by Ord Minnett. Instead, the broker whitelabels research by JP Morgan.

FORECAST
Ord Minnett forecasts a full year FY21 dividend of 10.00 cents and EPS of 14.00 cents.
Ord Minnett forecasts a full year FY22 dividend of 12.00 cents and EPS of 16.00 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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MGR STOCK CHART