GOODMAN GROUP (GMG)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

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

$27.41

03 Sep
2026

0.760

OPEN

$26.77

2.85%

HIGH

$27.41

4,127,803

LOW

$26.53

TARGET
$34.187 24.7% 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 19.2 xxx
Dividend Yield xxx N/A 1.1% xxx
Div Pay Ratio(%) xxx 22.1% 20.9% xxx

Dividend yield today if purchased 3 years ago: 1.29%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.09

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

0.6

No. Of Recommendations

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

Morgans

xx/xx/xxxx

2

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

1

xxx

$xx.xx

xx.xx%

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

Macquarie

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

Ord Minnett

21/08/2026

3

Hold

$28.25

3.06%

Ord Minnett maintains its Hold rating for Goodman Group and reduces its target to $28.25 from $29.50 because development completions are expected to be lower.

FY26 operating EPS grew 10% to $1.30 and Goodman guides to another 9% increase in FY27, supported by $19.7bn of work in progress, 78% of which relates to data centres.

Near-term EPS forecasts are largely unchanged. Ord Minnett argues slower data-centre commencements and growth already reflected in the valuation limit upside.

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

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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

Citi

xx/xx/xxxx

1

xxx

$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

1

xxxxxxxxxx

$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

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

24/08/2026

2

Overweight

$35.14

28.20%

Goodman Group reported FY26 operating earnings per share of 129.9c, representing a 10.1% increase over FY25 and remaining consistent with consensus expectations.

Guidance for FY27 points to 9% operating earnings per share growth, translating to 141.6c, which sits slightly below prior consensus expectations although tracking in line with historical conservatism.

Operational updates highlighted recent leasing momentum, including a 50MW hyperscaler deployment at TY005, a robust work-in-progress pipeline of 19.7GW valued at over $18bn, and an upcoming target in 1H27 for an Australian capital partnership.

Despite near-term investor hesitation, Jarden views recent share price weakness as overdone and maintains an Overweight rating with an unchanged target price of $35.14.

FORECAST
Jarden forecasts a full year FY27 dividend of 30.00 cents and EPS of 141.60 cents.
Jarden forecasts a full year FY28 dividend of 31.00 cents and EPS of 154.30 cents.
Access Extra Coverage Research History >

GMG STOCK CHART

FNArena News on GMG

1
In Case You Missed It – BC Extra Upgrades & Downgrades – 28-08-26

Aug 28 2026 - Weekly Reports
2
In Brief: Nuix, Abacus Group & NetWealth Group

Aug 28 2026 - Weekly Reports
3
Rudi’s View: August Delivers Soft Guidance, Higher Dividends

Aug 26 2026 - Rudi's View
4
Australian Broker Call *Extra* Edition – Aug 24, 2026

Aug 24 2026 - Daily Market Reports
5
Weekly Ratings, Targets, Forecast Changes – 21-08-26

Aug 24 2026 - Weekly Reports

Latest Infra & Property Developers News

1
Goodman Group Confident Of Contracts Flowing

Jun 01 2026 - Australia
2
August 2025 Results – The Wrap

Sep 12 2025 - Feature Stories
3
GemLife: A Gemstone For Australia’s Downsizers

Sep 11 2025 - Small Caps
4
Relax, Goodman’s Playing The Long Game

Aug 25 2025 - Australia
5
Goodman Group Revels In Data Centres Hot Seat

Jun 03 2025 - Australia
6
Treasure Chest: Goodman Group’s Data Centres

Apr 02 2025 - Treasure Chest
7
Treasure Chest: Stockland

Jan 15 2025 - Treasure Chest
8
GPT Group On The Up

Jul 16 2024 - Technicals
9
Treasure Chest: Stockland

Jun 26 2024 - Treasure Chest
10
ESG Focus: Do Data Centres Threaten ESG Targets?

Jun 24 2024 - ESG Focus