MIRVAC GROUP (MGR)
Share Price Analysis and Chart

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MGR

MGR - MIRVAC GROUP

FNArena Sector : Infra & Property Developers
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 6.56
Index: 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

$1.87

02 Nov
2026

0.005

OPEN

$1.87

0.27%

HIGH

$1.89

8,854,665

LOW

$1.86

TARGET
$2.028 8.4% upside
OTHER COMPANIES IN THE SAME SECTOR
CMW . CWP . FRI . FWD . GLF . GMG . GOZ . GPT . LIC . LLC . PPC . SFC . SGP . SIO . UOS .
FNARENA'S MARKET CONSENSUS FORECASTS
MGR: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 17.2 13.1 xxx
DPS (cps) xxx 9.5 10.2 xxx
EPS Growth xxx 100.0% - 23.7% xxx
DPS Growth xxx 5.6% 7.4% xxx
PE Ratio xxx N/A 14.6 xxx
Dividend Yield xxx N/A 5.3% xxx
Div Pay Ratio(%) xxx 55.4% 77.9% xxx

Dividend yield today if purchased 3 years ago: 4.88%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.97

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 4.80c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx17.2
DPS All xxxxxxxxxxxxxxx9.5
Sales/Revenue xxxxxxxxxxxxxxx2,619.0 M
Book Value Per Share xxxxxxxxxxxxxxx237.1
Net Operating Cash Flow xxxxxxxxxxxxxxx875.0 M
Net Profit Margin xxxxxxxxxxxxxxx25.85 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx7.35 %
Return on Invested Capital xxxxxxxxxxxxxxx5.26 %
Return on Assets xxxxxxxxxxxxxxx4.48 %
Return on Equity xxxxxxxxxxxxxxx7.35 %
Return on Total Capital xxxxxxxxxxxxxxx3.89 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx509.0 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 xxxxxxxxxxxxxxx579 M
Long Term Debt xxxxxxxxxxxxxxx3,253 M
Total Debt xxxxxxxxxxxxxxx3,832 M
Goodwill - Gross xxxxxxxxxxxxxxx67 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx238 M
Price To Book Value xxxxxxxxxxxxxxx0.73

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx4.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.15 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,826 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx272 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx8,938 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

0.5

No. Of Recommendations

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

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

23/10/2026

3

Equal-weight

$2.05

9.63%

Morgan Stanley notes that as part of Mirvac Group’s first-quarter FY27 update, management reaffirmed FY27 EPS guidance of 13.2c-13.4c, DPS of 9.9c and residential settlements of 2,800-3,100 lots.

Residential sales, including conditional deposits, fell -17% from the June quarter to 429 lots. Excluding conditional deposits, net deposits fell -72% to 147 lots.

Management says the reporting change reflects more sales in Queensland and Western Australia, where contracts typically remain conditional until shortly before settlement.

Western Australian demand held up, while Queensland softened in September and New South Wales and Victoria remained weak, the analysts observe.

Commentary notes Mirvac needs to sell around 130-140 lots a quarter to meet guidance.

Equal-weight rating and $2.05 target. Industry View: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY27 dividend of 9.60 cents and EPS of 13.30 cents.
Morgan Stanley forecasts a full year FY28 EPS of 14.20 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$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

28/10/2026

2

Overweight

$2.00

6.95%

Jarden maintains an Overweight rating for Mirvac Group with its target price maintained at $2.00 following what the broker describes as a "credible" first-quarter trading update.

Weaker residential sales will likely impact FY28 operations, placing earnings forecasts -4% below consensus expectations.

Lower Queensland exposure compared with sector peers supports performance while cancellation risks remain manageable.

The company continues progressing its share buyback program at pace.

The report highlights limited potential for buyback extension due to rising capital costs and ongoing business demands.
Access Extra Coverage Research History >

MGR STOCK CHART

FNArena News on MGR

1
Rudi’s View: High Conviction ASX Opportunities

Oct 29 2026 - Rudi's View
2
Australian Broker Call *Extra* Edition – Oct 28, 2026

Oct 28 2026 - Daily Market Reports
3
Rudi’s View: Lower Bond Yields & Other Catalysts

Oct 21 2026 - Rudi's View
4
In Case You Missed It – BC Extra Upgrades & Downgrades – 16-10-26

Oct 16 2026 - Weekly Reports
5
Rudi’s View: Stocks To Own & Best To Avoid

Oct 15 2026 - Rudi's View

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