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

$2.88

19 Oct
2021

0.030

OPEN

$2.85

1.05%

HIGH

$2.90

17,807,506

LOW

$2.84

TARGET
$3.138 9.0% 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 14.7 xxx
DPS (cps) xxx 9.9 10.3 xxx
EPS Growth xxx 61.3% - 35.9% xxx
DPS Growth xxx 8.8% 3.5% xxx
PE Ratio xxx N/A 19.8 xxx
Dividend Yield xxx N/A 3.5% xxx
Div Pay Ratio(%) xxx 43.3% 69.9% xxx

Dividend yield today if purchased 3 years ago: 4.40%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.41

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 5.1c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 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

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

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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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

13/08/2021

1

Outperform

$3.28

13.89%

Operating earnings per share were less than Macquarie expected in FY21, although adjusting for divestments and additional rent relief it could be described as in line.

Guidance for 2500 residential settlements in FY22 is also below prior expectations. The broker forecasts FY22 operating earnings per share of 15.3c, which is 2% ahead of guidance.

Macquarie envisages upside risk to guidance and, even with the rolling off of commercial profits, expects FY23 earnings will still grow by 10%. FY23 will be driven by an apartment completions and no rental relief.

Macquarie retains an Outperform rating and $3.28 target.

FORECAST
Macquarie forecasts a full year FY22 dividend of 10.40 cents and EPS of 13.90 cents.
Macquarie forecasts a full year FY23 dividend of 11.50 cents and EPS of 15.40 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$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 >

MGR STOCK CHART

FNArena News on MGR

1
Rudi’s View: BHP, Codan, Macquarie, Santos And QBE

Oct 14 2021 - Rudi's View
2
The Wrap: Banks, Platforms, Media & Insurance

Oct 08 2021 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Oct 06, 2021

Oct 06 2021 - Daily Market Reports
4
September In Review: First Decline In 12 Months

Oct 06 2021 - Australia
5
The Wrap: Artificial Intelligence, Construction Industry, Rising Bond Yield Winners & Small Cap Ideas

Oct 01 2021 - Weekly Reports

Latest Infra & Property Developers News

1
Will There Be Upside From Lendlease Targets?

Sep 06 2021 - Australia
2
Mirvac’s Earnings Wired To Apartment Resurgence

Aug 17 2021 - Australia
3
Stockland Ups Exposure To Land Lease Sector

Jul 21 2021 - Australia
4
Warehousing Demand Powers Goodman Group

Feb 22 2021 - Australia
5
Short-Term Uncertainties Weigh On Mirvac

Feb 15 2021 - Australia
6
The Wrap: Covid-19, REITs, Housing & Retail

Sep 04 2020 - Weekly Reports
7
Lendlease Renews Focus On Development

Sep 01 2020 - Australia
8
Logistics Tenants Provide Relief For GPT

Aug 11 2020 - Australia
9
The Virus And The Rental Market

Jul 30 2020 - Feature Stories
10
Treasure Chest: Stimulus For Stockland?

Jun 04 2020 - Treasure Chest