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: 12.31
Index: ASX50 | 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

$2.40

21 Aug
2025

0.030

OPEN

$2.37

1.27%

HIGH

$2.41

13,379,652

LOW

$2.36

TARGET
$2.408 0.3% 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 FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 1.7 12.9 xxx
DPS (cps) xxx 9.0 9.7 xxx
EPS Growth xxx N/A 100.0% xxx
DPS Growth xxx - 14.3% 7.2% xxx
PE Ratio xxx N/A 18.6 xxx
Dividend Yield xxx N/A 4.0% xxx
Div Pay Ratio(%) xxx 523.3% 74.8% xxx

Dividend yield today if purchased 3 years ago: 4.23%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.75

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 4.5c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx1.7
DPS All xxxxxxxxxxxxxxx9.0
Sales/Revenue xxxxxxxxxxxxxxx2,466.0 M
Book Value Per Share xxxxxxxxxxxxxxx229.5
Net Operating Cash Flow xxxxxxxxxxxxxxx550.0 M
Net Profit Margin xxxxxxxxxxxxxxx2.76 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx0.74 %
Return on Invested Capital xxxxxxxxxxxxxxx0.51 %
Return on Assets xxxxxxxxxxxxxxx0.44 %
Return on Equity xxxxxxxxxxxxxxx0.74 %
Return on Total Capital xxxxxxxxxxxxxxx2.19 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx133.0 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx479 M
Long Term Debt xxxxxxxxxxxxxxx4,065 M
Total Debt xxxxxxxxxxxxxxx4,544 M
Goodwill - Gross xxxxxxxxxxxxxxx67 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx236 M
Price To Book Value xxxxxxxxxxxxxxx0.96

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx2.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.08 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,826 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx340 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx9,791 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

0.4

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxx

$xx.xx

xx.xx%

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UBS

18/08/2025

3

Neutral

$2.31

-3.75%

Following full analysis of Mirvac Group's FY25 result, UBS notes lack of improvement in transparency (unquantified transactional profits) will create investor unease.

On the positive side, signs of easing construction cost pressures is supporting the broker's 6% compounded annual growth forecast FY26-29 operating EPS.

Overall, minor revisions to FY26-28 operating EPS forecasts, but FY29-30 trimmed by -3-4% on lower development profits.

The broker reckons a tilt away from office toward residential would be a good strategy but the pace of redeployment must balance dilution vs portfolio quality improvement.

Neutral. Target cut marginally to $2.31 from $2.32. Previously the broker wrote:

It is UBS' initial conclusion that Mirvac Group has released an in-line FY25 performance today, but with question marks around accounting impacts from impairments.

Resi/commercial development missed the broker's forecast by -16% but then the burden from interest expenses also proved -16% lower than assumed.

Neutral. 

FORECAST
UBS forecasts a full year FY26 dividend of 9.50 cents and EPS of 12.90 cents.
UBS forecasts a full year FY27 dividend of 10.20 cents and EPS of 13.80 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$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

18/08/2025

3

Neutral

$2.40

0%

Mirvac Group's FY25 result disappointed but, like the company, Jarden is seeing FY26 as a turning point with expectations of profit improvement across all divisions. 

This, combined with easing funding cost pressures, is expected to drive earnings growth, with the broker's projection for 9.6% compounded annual growth rate for operating EPS in FY25-28.

Consensus expectations are already elevated with 12.5% compounded annual EPS growth for FY26-28, limiting upside potential, the broker observes.

FY26 FFO forecast lifted by 0.7% but FY27 trimmed by -1.1%. 

Neutral. Target eases to $2.40 from $2.45.

FORECAST
Jarden forecasts a full year FY26 dividend of 9.50 cents and EPS of 12.90 cents.
Jarden forecasts a full year FY27 dividend of 10.50 cents and EPS of 14.30 cents.
Access Extra Coverage Research History >

MGR STOCK CHART

FNArena News on MGR

1
Australian Broker Call *Extra* Edition – Aug 19, 2025

Aug 19 2025 - Daily Market Reports
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FNArena Corporate Results Monitor – 18-08-2025

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