GROWTHPOINT PROPERTIES AUSTRALIA (GOZ)
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GOZ - GROWTHPOINT PROPERTIES AUSTRALIA

FNArena Sector : Infra & Property Developers
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 8.09
Index: ASX300 | ALL-ORDS

Growthpoint Properties is a real estate investment company with a portfolio of industrial and office properties across Australia. It has been listed on the ASX since 2007.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.29

25 Jul
2024

0.010

OPEN

$2.28

0.44%

HIGH

$2.31

672,316

LOW

$2.27

TARGET
$2.513 9.8% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
CMW . CWP . FRI . FWD . GMG . GPT . HPI . LIC . LLC . MGR . PPC . SFC . SGP . SIO . UOS .
FNARENA'S MARKET CONSENSUS FORECASTS
GOZ: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx - 32.1 23.2 xxx
DPS (cps) xxx 21.4 19.3 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx 2.9% - 9.8% xxx
PE Ratio xxx N/A 9.8 xxx
Dividend Yield xxx N/A 8.5% xxx
Div Pay Ratio(%) xxx N/A 83.2% xxx

Dividend yield today if purchased 3 years ago: 5.53%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 9.39

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 9.65c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-32.1
DPS All xxxxxxxxxxxxxxx21.4
Sales/Revenue xxxxxxxxxxxxxxx342.7 M
Book Value Per Share xxxxxxxxxxxxxxx405.2
Net Operating Cash Flow xxxxxxxxxxxxxxx176.0 M
Net Profit Margin xxxxxxxxxxxxxxx-71.67 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-7.47 %
Return on Invested Capital xxxxxxxxxxxxxxx-4.72 %
Return on Assets xxxxxxxxxxxxxxx-4.59 %
Return on Equity xxxxxxxxxxxxxxx-7.47 %
Return on Total Capital xxxxxxxxxxxxxxx4.67 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx10.9 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx2 M
Long Term Debt xxxxxxxxxxxxxxx2,024 M
Total Debt xxxxxxxxxxxxxxx2,026 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx49 M
Price To Book Value xxxxxxxxxxxxxxx0.69

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx2.7 M
Capex % of Sales xxxxxxxxxxxxxxx0.79 %
Cost of Goods Sold xxxxxxxxxxxxxxx59 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx40 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx5,104 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

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

28/06/2024

1

Buy

$2.70

17.90%

Following changes reported in terms of coverage of technology and mining stocks, Ord Minnett today has communicated broad changes to its coverage of A-REITs.

Growthpoint Properties Australia is now rated Buy with a price target of $2.70.

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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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

Moelis

04/03/2024

1

Buy

$3.43

49.78%

Growthpoint Properties Australia posted first half free funds from operations of 12.1c per security, ahead of expectations. FY24 guidance was reiterated.

Moelis believes the WALE (weighted average lease expiry) of 6.2 years for office and 4.9 years for industrial should be key for investors, because these underpin the quality and stability of the income profile, 94% leased to government, listed or large companies.

This enables the business to service a relatively higher debt load over the short term. The broker expects the company will be a net seller of assets as liquidity and real estate markets improve throughout 2024 and this should mean gearing declines. Buy rating and $3.43 target maintained.

FORECAST
Moelis forecasts a full year FY24 dividend of 19.30 cents and EPS of 23.00 cents.
Moelis forecasts a full year FY25 dividend of 19.90 cents and EPS of 23.20 cents.
Access Stockbroker Research History >

GOZ STOCK CHART

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