MIRVAC GROUP (MGR)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

MGR - MIRVAC GROUP

FNArena Sector : Infra & Property Developers

Year End: June

GICS Industry Group : Real Estate

Debt/EBITDA: 6.26

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
$2.14 27 Mar 2025	-0.020 OPEN $2.13	-0.93% HIGH $2.16	9,935,001 LOW $2.12

TARGET

$2.288

6.9% upside

Franking for last dividend paid out: 0%

OTHER COMPANIES IN THE SAME SECTOR
CMW . CWP . FRI . FWD . GMG . GOZ . GPT . LIC . LLC . PPC . SFC . SGP . SIO . UOS .

FNARENA'S MARKET CONSENSUS FORECASTS

Title	FY23 Actual	FY24 Actual	FY25 Forecast	FY26 Forecast
EPS (cps)	xxx	- 20.4	12.2	xxx
DPS (cps)	xxx	10.5	9.1	xxx
EPS Growth	xxx	N/A	N/A	xxx
DPS Growth	xxx	0.0%	- 13.8%	xxx
PE Ratio	xxx	N/A	17.5	xxx
Dividend Yield	xxx	N/A	4.2%	xxx
Div Pay Ratio(%)	xxx	N/A	74.2%	xxx

Dividend yield today if purchased 3 years ago: 4.20%

DIVIDEND YIELD CALCULATOR

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: 28/12 - ex-div 4.5c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD

Copyright © 2025 FactSet UK Limited. All rights reserved

Title	2019	2020	2021	2022	2023	2024
EPS Basic	xxx	xxx	xxx	xxx	xxx	-20.4
DPS All	xxx	xxx	xxx	xxx	xxx	10.5
Sales/Revenue	xxx	xxx	xxx	xxx	xxx	3,025.0 M
Book Value Per Share	xxx	xxx	xxx	xxx	xxx	237.0
Net Operating Cash Flow	xxx	xxx	xxx	xxx	xxx	542.0 M
Net Profit Margin	xxx	xxx	xxx	xxx	xxx	-26.61 %

EPS Basic

Negative
Growth
Slowing

DPS All

Negative
Growth
Slowing

Sales/Revenue

Negative
Growth
Slowing

Book Value Per Share

Negative
Growth
Slowing

Net Operating Cash Flow

Negative
Growth
Slowing

Net Profit Margin

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Return on Capital Employed	xxx	xxx	xxx	xxx	xxx	-8.09 %
Return on Invested Capital	xxx	xxx	xxx	xxx	xxx	-5.65 %
Return on Assets	xxx	xxx	xxx	xxx	xxx	-4.89 %
Return on Equity	xxx	xxx	xxx	xxx	xxx	-8.09 %
Return on Total Capital	xxx	xxx	xxx	xxx	xxx	4.43 %
Free Cash Flow ex dividends	xxx	xxx	xxx	xxx	xxx	154.0 M

Return on Capital Employed

Negative
Growth
Slowing

Return on Invested Capital

Negative
Growth
Slowing

Return on Assets

Negative
Growth
Slowing

Return on Equity

Negative
Growth
Slowing

Return on Total Capital

Negative
Growth
Slowing

Free Cash Flow ex dividends

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Short-Term Debt	xxx	xxx	xxx	xxx	xxx	190 M
Long Term Debt	xxx	xxx	xxx	xxx	xxx	4,290 M
Total Debt	xxx	xxx	xxx	xxx	xxx	4,480 M
Goodwill - Gross	xxx	xxx	xxx	xxx	xxx	67 M
Cash & Equivalents - Generic	xxx	xxx	xxx	xxx	xxx	335 M
Price To Book Value	xxx	xxx	xxx	xxx	xxx	0.79

Short-Term Debt

Negative
Growth
Slowing

Long Term Debt

Negative
Growth
Slowing

Total Debt

Negative
Growth
Slowing

Goodwill - Gross

Negative
Growth
Slowing

Cash & Equivalents - Generic

Negative
Growth
Slowing

Price To Book Value

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Capex	xxx	xxx	xxx	xxx	xxx	2.0 M
Capex % of Sales	xxx	xxx	xxx	xxx	xxx	0.07 %
Cost of Goods Sold	xxx	xxx	xxx	xxx	xxx	2,134 M
Selling, General & Admin. Exp & Other	xxx	xxx	xxx	xxx	xxx	250 M
Research & Development	xxx	xxx	xxx	xxx	xxx	-
Investments - Total	xxx	xxx	xxx	xxx	xxx	10,337 M

Capex

Negative
Growth
Slowing

Capex % of Sales

Negative
Growth
Slowing

Cost of Goods Sold

Negative
Growth
Slowing

Selling, General & Admin. Exp & Other

Negative
Growth
Slowing

Research & Development

Investments - Total

Negative
Growth
Slowing

Negative

Growth

Slowing

EXPERT VIEWS
EXTRA COVERAGE

EXPERT VIEWS

Display All Commentary

Sentiment Indicator

0.2

No. Of Recommendations

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
UBS	xx/xx/xxxx	3	xxxxxxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial
Morgan Stanley	xx/xx/xxxx	3	xxxxx-xxxxxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial
Macquarie	17/02/2025	1	Outperform	$2.56	19.63%	Macquarie raises its target for Mirvac Group by 18% to $2.56 and maintains an Outperform rating after 1H operating earnings per security (OEPS) of 6 cents exceeded the 5.7 cent consensus forecast. Management reiterated FY25 guidance for 12-12.3 cents. The broker has increasing confidence FY25 will mark the low point for the group's earnings, expecting a recovery in FY26. Margins were a positive surprise at circa 19%, albeit due to a higher weighting to master planned community (MPC) portfolio settlements. Management noted a strong pick-up in residential sales with 947 lots sold in the half, noting the higher end of the market (e.g., Harbourside) has exceeded expectations, with deep demand for premium product. FORECAST Macquarie forecasts a full year FY25 dividend of 9.10 cents and EPS of 12.30 cents. Macquarie forecasts a full year FY26 dividend of 9.80 cents and EPS of 14.40 cents.
Citi	xx/xx/xxxx	3	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	3	xxxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial

Access Stockbroker Research History >

EXTRA COVERAGE

Display All Commentary

No. Of Recommendations

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	17/02/2025	2	Overweight	$2.35	9.81%	Jarden notes at the 1H25 result, Mirvac Group presented a compelling case for a strong recovery in earnings and returns as the rate, asset valuation, residential, and office cycle all approach a turning point. The broker expects the group to try and work through its remaining problem projects in 2H25 to deliver strong guidance for FY26. The broker forecasts 11% funds from operation compounded growth for FY25-28 and sees medium-term upside potential from margin recovery, which is not reflected in its valuation. Target price rises to $2.35 from $2.15. Overweight maintained. FORECAST Jarden forecasts a full year FY25 dividend of 9.00 cents and EPS of 12.20 cents. Jarden forecasts a full year FY26 dividend of 9.80 cents and EPS of 13.50 cents.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Jarden

17/02/2025

Overweight

$2.35

9.81%

Jarden notes at the 1H25 result, Mirvac Group presented a compelling case for a strong recovery in earnings and returns as the rate, asset valuation, residential, and office cycle all approach a turning point.

The broker expects the group to try and work through its remaining problem projects in 2H25 to deliver strong guidance for FY26.

The broker forecasts 11% funds from operation compounded growth for FY25-28 and sees medium-term upside potential from margin recovery, which is not reflected in its valuation.

Target price rises to $2.35 from $2.15. Overweight maintained.

FORECAST
Jarden forecasts a full year FY25 dividend of 9.00 cents and EPS of 12.20 cents.
Jarden forecasts a full year FY26 dividend of 9.80 cents and EPS of 13.50 cents.

Access Extra Coverage Research History >

MGR STOCK CHART

FNArena News on MGR

1	Post Bottom, Focus Shifts To A-REITs Potential Mar 13 2025 - Feature Stories

2	Rudi’s View: To Sell Or Not To Sell Mar 06 2025 - Rudi's View

3	Rudi’s View: Best Ideas & Conviction Calls Feb 20 2025 - Rudi's View

4	FNArena Corporate Results Monitor – 17-02-2025 Feb 17 2025 - Australia

5	Australian Broker Call Extra Edition – Feb 17, 2025 Feb 17 2025 - Daily Market Reports

Latest Infra & Property Developers News

1	Treasure Chest: Stockland Jan 15 2025 - Treasure Chest

2	GPT Group On The Up Jul 16 2024 - Technicals

3	Treasure Chest: Stockland Jun 26 2024 - Treasure Chest

4	ESG Focus: Do Data Centres Threaten ESG Targets? Jun 24 2024 - ESG Focus

5	Goodman Group’s Upward Momentum Continues Jun 11 2024 - Technicals

6	Lendlease: Bringing It Back Home May 30 2024 - Australia

7	Goodman Group Powers On May 09 2024 - Australia

8	Goodman Group: Overbought Aug 22 2023 - Technicals

9	Goodman Group: Breaking Out May 02 2023 - Technicals

10	Goodman Group: Short Term Rally Jul 19 2022 - Technicals

Dividend Yield Today On Last Actual Payout :	4.93
Estimated Dividend Growth (Average Of Past Three Years)	%
Amount Invested	$
Tell Me The Dividend After This Many Years

	Yield	Yield on investment
This Year
Year 1
Year 2
Year 3
Year 4
Year

Get 2 Weeks free trial

Sign Up

Member Login

MIRVAC GROUP (MGR)
Share Price Analysis and Chart