GOODMAN GROUP (GMG)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

GMG - GOODMAN GROUP

FNArena Sector : Infra & Property Developers
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 7.27
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Goodman Group is an Australian commercial and industrial property group that owns, develops and manages warehouses, large scale logistics facilities, business and office parks in 17 countries. First listed in February 2005.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$36.35

22 Jul
2024

-0.750

OPEN

$36.67

-2.02%

HIGH

$36.95

2,329,521

LOW

$35.96

TARGET
$35.062 -3.5% downside
OTHER COMPANIES IN THE SAME SECTOR
CMW . CWP . FRI . FWD . GOZ . GPT . HPI . LIC . LLC . MGR . PPC . SFC . SGP . SIO . UOS .
FNARENA'S MARKET CONSENSUS FORECASTS
GMG: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 83.0 106.7 xxx
DPS (cps) xxx 30.0 30.0 xxx
EPS Growth xxx - 54.7% 28.5% xxx
DPS Growth xxx 0.0% 0.0% xxx
PE Ratio xxx N/A 33.9 xxx
Dividend Yield xxx N/A 0.8% xxx
Div Pay Ratio(%) xxx 36.1% 28.1% xxx

Dividend yield today if purchased 3 years ago: 1.33%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.83

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: 27/06 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx83.0
DPS All xxxxxxxxxxxxxxx30.0
Sales/Revenue xxxxxxxxxxxxxxx1,963.6 M
Book Value Per Share xxxxxxxxxxxxxxx956.8
Net Operating Cash Flow xxxxxxxxxxxxxxx1,284.2 M
Net Profit Margin xxxxxxxxxxxxxxx79.44 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx9.06 %
Return on Invested Capital xxxxxxxxxxxxxxx7.69 %
Return on Assets xxxxxxxxxxxxxxx6.85 %
Return on Equity xxxxxxxxxxxxxxx9.06 %
Return on Total Capital xxxxxxxxxxxxxxx2.19 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx709.1 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx12 M
Long Term Debt xxxxxxxxxxxxxxx3,348 M
Total Debt xxxxxxxxxxxxxxx3,361 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,360 M
Price To Book Value xxxxxxxxxxxxxxx2.10

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx13.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.66 %
Cost of Goods Sold xxxxxxxxxxxxxxx638 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx880 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx3,895 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.1

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

xx/xx/xxxx

5

xxxxxxxxx xx xxxx xxxx xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Citi

14/06/2024

1

Buy

$40.00

10.04%

Citi adds Goodman Group to the broker's Pan-Asia Focus List given strong medium term growth prospects on the back of data centre and warehouse developments.

Citi estimates around 90% of the group's 4.3GW of global power bank across 12 cities come from brownfield conversions of existing warehouses and other assets helping to underpin double-digit medium term earnings growth.

Comparing Goodman Group to overseas peers, Prologis and Segro, Citi believes the premium rating is justified given the higher expected earnings growth.

The stock is also more fairly valued in comparison to NextDC ((NXT)) and Megaport ((MP1)) states the analyst.

Buy rating and $40 target price.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

21/06/2024

3

Downgrade to Neutral from Overweight

$37.60

3.44%

Within Jarden's coverage of the Australian REIT sector, weighted-average funds from operations (FFO) growth forecasts are starting to improve for FY25 and FY26 to 3.6% and 7.9%, respectively, from -2.2% in FY24.

The broker believes downside risk to asset values is well reflected in current valuations, and REITs are increasingly moving to offence from defence.

Excluding Goodman Group (which remains the best quality stock in the sector), the analysts see around 18% upside to 12-month target prices.

The broker's target for Goodman Group rises to $37.60 from $30.50 and the rating is downgraded to Neutral from Overweight after an 82% share price rise over the past year.

The elevated stock price could become a funding source for oversold REIT's in the sector, cautions Jarden.
Access Stockbroker Research History >

GMG STOCK CHART

FNArena News on GMG

1
Rudi’s View: Rate Cuts, Growth & Small Caps

Jul 18 2024 - Rudi's View
2
Pros & Cons Of Discounted A-REITs

Jul 16 2024 - Feature Stories
3
Rudi’s View: Gold, Healthcare, Staples & Copper

Jul 11 2024 - Rudi's View
4
ESG Focus: The Little Big Things – 10-07-2024

Jul 10 2024 - ESG Focus
5
Rudi’s View: All-Weather Portfolio in FY24; Growth Not Value

Jul 10 2024 - Rudi's View

Latest Infra & Property Developers News

1
GPT Group On The Up

Jul 16 2024 - Technicals
2
Treasure Chest: Stockland

Jun 26 2024 - Treasure Chest
3
ESG Focus: Do Data Centres Threaten ESG Targets?

Jun 24 2024 - ESG Focus
4
Goodman Group’s Upward Momentum Continues

Jun 11 2024 - Technicals
5
Lendlease: Bringing It Back Home

May 30 2024 - Australia
6
Goodman Group Powers On

May 09 2024 - Australia
7
Goodman Group: Overbought

Aug 22 2023 - Technicals
8
Goodman Group: Breaking Out

May 02 2023 - Technicals
9
Goodman Group: Short Term Rally

Jul 19 2022 - Technicals
10
Goodman Silences The Critics

May 18 2022 - Australia