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

$2.49

25 Jan
2021

-0.040

OPEN

$2.50

-1.58%

HIGH

$2.53

7,477,794

LOW

$2.47

TARGET
$2.718 9.2% 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 . FWD . LIC .
MARKET CONSENSUS FORECAST
MGR: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 14.2 13.8 xxx
DPS (cps) xxx 9.1 10.0 xxx
EPS Growth xxx - 48.6% - 2.8% xxx
DPS Growth xxx - 21.6% 10.1% xxx
PE Ratio xxx N/A 18.0 xxx
Dividend Yield xxx N/A 4.0% xxx
Div Pay Ratio(%) xxx 64.1% 72.6% xxx

Dividend yield today if purchased 3 years ago: 4.14%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

3.65

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 - 3c (0%)

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.7

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Credit Suisse

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

25/11/2020

3

Equal-weight

$2.30

-7.63%

Due to covid-19 uncertainties, Mirvac Group has not given FY21 guidance, despite going ex-dividend by the end of December. This means they will provide first-time disclosure for December-half distribution next month.

The broker highlights this will give the market insights into how earnings are tracking this year and the payout policy in a post-pandemic world.

The analyst predicts a 4.5 cent dividend for the December-half, and 9.1 cents for the full year, based on a 70% payout ratio (broadly in line with pre-covid).

Morgan Stanley maintains its Equal Weight rating with a target of $2.30. Industry view is In-Line.

FORECAST
Morgan Stanley forecasts a full year FY21 dividend of 9.10 cents and EPS of 12.90 cents.
Morgan Stanley forecasts a full year FY22 dividend of 10.40 cents and EPS of 14.10 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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MGR STOCK CHART