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: 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

$31.27

24 Mar
2025

-0.180

OPEN

$31.32

-0.57%

HIGH

$31.56

2,768,776

LOW

$31.13

TARGET
$36.922 18.1% upside
OTHER COMPANIES IN THE SAME SECTOR
CMW . CWP . FRI . FWD . GOZ . GPT . 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 - 5.2 120.6 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 26.0 xxx
Dividend Yield xxx N/A 1.0% xxx
Div Pay Ratio(%) xxx N/A 24.9% xxx

Dividend yield today if purchased 3 years ago: 1.32%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.96

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: 30/12 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 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

0.3

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

28/02/2025

1

Buy

$40.00

27.92%

Goodman Group benefits from strong AI-driven data centre demand, with NVIDIA’s Q4 data centre revenue reaching a record $35.6bn, up 93% year-on-year, Citi says.

The broker emphasises growing demand from cloud providers, enterprises, and AI model training, supports Goodman's development and management fee growth. Infrastructure scalability and AI adoption trends remain key drivers.

Goodman trades at a premium to peers but is well-positioned for long-term growth. Citi maintains a Buy rating with a target price of $40.00.

FORECAST
Citi forecasts a full year FY25 dividend of 30.20 cents and EPS of 119.30 cents.
Citi forecasts a full year FY26 dividend of 30.00 cents and EPS of 132.60 cents.

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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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

24/02/2025

1

Buy

$39.50

26.32%

Jarden notes Goodman Group's 1H25 result contained few surprises including $4bn equity raise, softer FY guidance and apparent delay in the announcement of the initial $10bn of projects.

The company maintained FY25 OEPS growth guidance at 9% (previously 9%) but the broker expected this to be 10% without the equity raise (forecast was 12.7%). 

The equity raise makes sense to benefit from the strong share price performance and increase working capital.

The broker has lowered FY25-26 expectations but believes the growth and return profile will step up over the next 3-5 years as the $100bn datacenter pipeline hits and operating leverage delivers.

Investors will need some patience, the broker says. Target price cut to $39.5. Buy rating maintained.

FORECAST
Jarden forecasts a full year FY25 dividend of 30.00 cents and EPS of 118.80 cents.
Jarden forecasts a full year FY26 dividend of 30.00 cents and EPS of 132.20 cents.
Access Extra Coverage Research History >

GMG STOCK CHART

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