GOODMAN GROUP (GMG)
Share Price Analysis and Chart

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GMG

GMG - GOODMAN GROUP

FNArena Sector : Infra & Property Developers
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 4.44
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

$26.87

04 Nov
2026

-0.440

OPEN

$27.16

-1.61%

HIGH

$27.50

5,254,649

LOW

$26.33

TARGET
$33.406

-0.46 change from previous day

 24.3% upside
OTHER COMPANIES IN THE SAME SECTOR
CMW . CWP . FRI . FWD . GLF . GOZ . GPT . LIC . LLC . MGR . PPC . SFC . SGP . SIO . UOS .
FNARENA'S MARKET CONSENSUS FORECASTS
GMG: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 136.0 143.4 xxx
DPS (cps) xxx 30.0 30.0 xxx
EPS Growth xxx 59.3% 5.4% xxx
DPS Growth xxx 0.0% 0.0% xxx
PE Ratio xxx N/A 20.1 xxx
Dividend Yield xxx N/A 1.0% xxx
Div Pay Ratio(%) xxx 22.1% 20.9% xxx

Dividend yield today if purchased 3 years ago: 1.36%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.04

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 - (franking ex-div 15.00c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx136.0
DPS All xxxxxxxxxxxxxxx30.0
Sales/Revenue xxxxxxxxxxxxxxx2,656.6 M
Book Value Per Share xxxxxxxxxxxxxxx1,220.1
Net Operating Cash Flow xxxxxxxxxxxxxxx1,920.6 M
Net Profit Margin xxxxxxxxxxxxxxx104.60 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx11.52 %
Return on Invested Capital xxxxxxxxxxxxxxx9.41 %
Return on Assets xxxxxxxxxxxxxxx8.52 %
Return on Equity xxxxxxxxxxxxxxx11.52 %
Return on Total Capital xxxxxxxxxxxxxxx4.54 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx1,269.7 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx16 M
Long Term Debt xxxxxxxxxxxxxxx6,075 M
Total Debt xxxxxxxxxxxxxxx6,091 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx4,082 M
Price To Book Value xxxxxxxxxxxxxxx2.55

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx39.5 M
Capex % of Sales xxxxxxxxxxxxxxx1.49 %
Cost of Goods Sold xxxxxxxxxxxxxxx781 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx522 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx8,180 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

0.7

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

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Ord Minnett

05/11/2026

3

Hold

$25.90

-3.61%

Ord Minnett views Goodman Group's 1Q27 update as encouraging, with like-for-like net property income growth of 6.2% y/y excluding Greater China.

Work in progress remained at $19.7bn, with committed developments rising to 31% from 25% at FY26, while management expects the pipeline to expand through 2027.

The data centre power bank increased to 6.6GW, including 3.6GW of secured power, with three projects in advanced leasing negotiations.

The analyst notes Logistics occupancy remained stable at 95.5%, with management expecting average rental reversion of 10%.

Further data centre leasing commitments are anticipated over coming months, although Ord Minnett finds the solid growth outlook appears largely reflected in the share price.

Hold retained. Target reduced to $25.90 from $27.65. No changes to earnings forecasts.

FORECAST
Ord Minnett forecasts a full year FY27 dividend of 30.00 cents and EPS of 143.00 cents.
Ord Minnett forecasts a full year FY28 dividend of 30.00 cents and EPS of 157.00 cents.

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
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

05/11/2026

2

Overweight

$32.00

19.09%

Jarden maintains an Overweight rating for Goodman Group with a $32.00 target price following a first-quarter trading update featuring reiterated full-year operating earnings per share growth guidance of 9%.

Development work in progress remained stable at $19.7bn during the period, supported by $0.4bn of new logistics commencements at 9.1% yields alongside substantial logistics leasing execution.

While no new data centre leasing was announced, progress updates indicate potential leasing for the LAX02 project prior to 1H27 results in February 2027 ahead of targeted completion in March 2027.

Management omitted reference to the Australian capital partnership for the Artarmon asset, though closure remains expected during 1H27.

The analyst notes the quarterly update contained minimal incremental news while core operational metrics remained intact.
Access Extra Coverage Research History >

GMG STOCK CHART

FNArena News on GMG

1
Rudi’s View: Previews To November Results

6:12 PM - Rudi's View
2
October In Review: ASX Gains From AI Fallout

Nov 04 2026 - Australia
3
Rudi’s View: A Tough Market, A Different Cycle

Oct 28 2026 - Rudi's View
4
NextDC’s Collision With The Real World

Oct 26 2026 - Australia
5
Rudi’s View: Lower Bond Yields & Other Catalysts

Oct 21 2026 - Rudi's View

Latest Infra & Property Developers News

1
Treasure Chest: Stockland

Oct 13 2026 - Treasure Chest
2
Goodman Group Confident Of Contracts Flowing

Jun 01 2026 - Australia
3
August 2025 Results – The Wrap

Sep 12 2025 - Feature Stories
4
GemLife: A Gemstone For Australia’s Downsizers

Sep 11 2025 - Small Caps
5
Relax, Goodman’s Playing The Long Game

Aug 25 2025 - Australia
6
Goodman Group Revels In Data Centres Hot Seat

Jun 03 2025 - Australia
7
Treasure Chest: Goodman Group’s Data Centres

Apr 02 2025 - Treasure Chest
8
Treasure Chest: Stockland

Jan 15 2025 - Treasure Chest
9
GPT Group On The Up

Jul 16 2024 - Technicals
10
Treasure Chest: Stockland

Jun 26 2024 - Treasure Chest