GOODMAN GROUP (GMG)
Share Price Analysis and Chart

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GMG - GOODMAN GROUP

FNArena Sector : Infra & Property Developers
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 7.04
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

$36.55

23 Dec
2024

0.630

OPEN

$36.40

1.75%

HIGH

$36.78

1,714,571

LOW

$36.16

TARGET
$39.137 7.1% upside
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 FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 5.2 120.8 xxx
DPS (cps) xxx 30.0 30.1 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx 0.0% 0.2% xxx
PE Ratio xxx N/A 30.3 xxx
Dividend Yield xxx N/A 0.8% xxx
Div Pay Ratio(%) xxx N/A 24.9% xxx

Dividend yield today if purchased 3 years ago: 1.14%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.82

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: 28/12 - ex-div 15c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-5.2
DPS All xxxxxxxxxxxxxxx30.0
Sales/Revenue xxxxxxxxxxxxxxx1,962.0 M
Book Value Per Share xxxxxxxxxxxxxxx923.4
Net Operating Cash Flow xxxxxxxxxxxxxxx1,188.6 M
Net Profit Margin xxxxxxxxxxxxxxx-5.04 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-0.56 %
Return on Invested Capital xxxxxxxxxxxxxxx-0.46 %
Return on Assets xxxxxxxxxxxxxxx-0.41 %
Return on Equity xxxxxxxxxxxxxxx-0.56 %
Return on Total Capital xxxxxxxxxxxxxxx2.40 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx610.7 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx11 M
Long Term Debt xxxxxxxxxxxxxxx3,712 M
Total Debt xxxxxxxxxxxxxxx3,723 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,785 M
Price To Book Value xxxxxxxxxxxxxxx3.76

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx10.5 M
Capex % of Sales xxxxxxxxxxxxxxx0.54 %
Cost of Goods Sold xxxxxxxxxxxxxxx556 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx894 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx4,118 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

0.6

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

07/11/2024

1

Overweight

$42.40

16.01%

Development commencements were virtually zero, as the first quarter focused more on preparatory work for data centre starts expected in 2025, explains Morgan Stanley.

Regarding data centre starts, management noted new projects moving into work in progress (WIP) would likely be turnkeys. FY25 EPS guidance for 9% growth was maintained.

Management was bullish on the outlook for Industrial, according to the broker, noting upward pressure on land values as sites are repurposed for data centres.

Overweight rating. Target $42.40. Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 30.00 cents and EPS of 120.00 cents.
Morgan Stanley forecasts a full year FY26 dividend of 30.00 cents and EPS of 135.00 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$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

13/09/2024

1

Upgrade to Buy from Neutral

$40.00

9.44%

Jarden raises its target for Goodman Group to $40 from $37.60 and upgrades to Buy from Neutral after the share price underperformed the REIT sector by -10% over the last three months.

This equity price decline contrasts with growing visibility of both duration and magnitude of earnings, suggests the broker, driven by the group's $85bn Data Centre development pipeline.

On the topic of potential execution risk, the analysts point to Goodman's history of managing risk through pre-commitments, strong capital partnerships and a prudent approach to capital management and project selection.

FORECAST
Jarden forecasts a full year FY25 EPS of 121.10 cents.
Jarden forecasts a full year FY26 EPS of 136.20 cents.
Access Extra Coverage Research History >

GMG STOCK CHART

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