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

$2.22

05 Dec
2022

-0.020

OPEN

$2.24

-0.89%

HIGH

$2.24

8,180,988

LOW

$2.19

TARGET
$2.418 8.9% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
MGR: 1
Title FY21
Actual
FY22
Actual
FY23
Forecast
FY24
Forecast
EPS (cps) xxx 23.0 15.3 xxx
DPS (cps) xxx 10.2 10.6 xxx
EPS Growth xxx 0.4% - 33.4% xxx
DPS Growth xxx 3.0% 3.9% xxx
PE Ratio xxx N/A 14.5 xxx
Dividend Yield xxx N/A 4.8% xxx
Div Pay Ratio(%) xxx 44.4% 69.3% xxx

Dividend yield today if purchased 3 years ago: 3.04%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

4.55

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 © 2022 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx23.0
DPS All xxxxxxxxxxxxxxx10.2
Sales/Revenue xxxxxxxxxxxxxxx2,301.0 M
Book Value Per Share xxxxxxxxxxxxxxx282.3
Net Operating Cash Flow xxxxxxxxxxxxxxx896.0 M
Net Profit Margin xxxxxxxxxxxxxxx39.37 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx8.34 %
Return on Invested Capital xxxxxxxxxxxxxxx6.10 %
Return on Assets xxxxxxxxxxxxxxx5.40 %
Return on Equity xxxxxxxxxxxxxxx8.34 %
Return on Total Capital xxxxxxxxxxxxxxx3.75 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx487.0 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

0.8

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

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Credit Suisse

15/08/2022

1

Outperform

$2.45

10.36%

Mirvac Group has delivered operating earnings of 15.1 cents per share and a 10.2 cents per share dividend for FY22, which Credit Suisse notes is a beat to company guidance. The broker highlights higher residential pre-sales provide positive visibility moving into FY23.

The company is now guiding to 2.6% growth in the coming year, suggesting operating earnings of at least 15.5 cents per share, while dividends look to grow 2.9% to 10.5 cents per share. Credit Suisse considers guidance positive given market conditions and expected rising debt costs.

The Outperform rating is retained and the target price decreases to $2.45 from $2.49.

FORECAST
Credit Suisse forecasts a full year FY23 dividend of 11.00 cents and EPS of 16.00 cents.
Credit Suisse forecasts a full year FY24 dividend of 11.00 cents and EPS of 16.00 cents.

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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MGR STOCK CHART