MIRVAC GROUP (MGR)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

MGR - MIRVAC GROUP

FNArena Sector : Infra & Property Developers
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 6.26
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

$2.11

20 Nov
2024

-0.020

OPEN

$2.13

-0.94%

HIGH

$2.14

7,057,279

LOW

$2.10

TARGET
$2.32 10.0% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
CMW . CWP . FRI . FWD . GMG . GOZ . GPT . HPI . LIC . LLC . PPC . SFC . SGP . SIO . UOS .
FNARENA'S MARKET CONSENSUS FORECASTS
MGR: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 20.4 12.1 xxx
DPS (cps) xxx 10.5 9.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx 0.0% - 14.3% xxx
PE Ratio xxx N/A 17.5 xxx
Dividend Yield xxx N/A 4.3% xxx
Div Pay Ratio(%) xxx N/A 74.5% xxx

Dividend yield today if purchased 3 years ago: 3.74%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.98

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 © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-20.4
DPS All xxxxxxxxxxxxxxx10.5
Sales/Revenue xxxxxxxxxxxxxxx3,025.0 M
Book Value Per Share xxxxxxxxxxxxxxx237.0
Net Operating Cash Flow xxxxxxxxxxxxxxx542.0 M
Net Profit Margin xxxxxxxxxxxxxxx-26.61 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-8.09 %
Return on Invested Capital xxxxxxxxxxxxxxx-5.65 %
Return on Assets xxxxxxxxxxxxxxx-4.89 %
Return on Equity xxxxxxxxxxxxxxx-8.09 %
Return on Total Capital xxxxxxxxxxxxxxx4.43 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx154.0 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx190 M
Long Term Debt xxxxxxxxxxxxxxx4,290 M
Total Debt xxxxxxxxxxxxxxx4,480 M
Goodwill - Gross xxxxxxxxxxxxxxx67 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx335 M
Price To Book Value xxxxxxxxxxxxxxx0.79

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx2.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.07 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,134 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx250 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx10,337 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%

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

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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

UBS

23/10/2024

1

Buy

$2.29

8.53%

The progress evident in Mirvac Group's 1Q operational update encourages UBS. While it's felt consensus expectations are too high, solid growth is anticipated into FY26 due to a subsiding capitalised interest headwind and low-margin residential rolling-off.

For Q1, residential exchanges rose by 33% on the previous corresponding period while conditional sales rose by 40% versus FY24, highlight the analysts.

The Buy rating and $2.29 target are unchanged.

FORECAST
UBS forecasts a full year FY25 dividend of 9.00 cents and EPS of 12.00 cents.
UBS forecasts a full year FY26 dividend of 9.00 cents and EPS of 13.00 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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

Ord Minnett

xx/xx/xxxx

3

xxxx

$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

14/08/2024

2

Overweight

$2.20

4.27%

Jarden acknowledges the headwinds facing Mirvac Group as well as the lower-than-expected FY25 guidance at the FY24 results.

The broker believes the company has undertaken a few positive initiatives including strengthening its capital structure, de-risking its development pipeline while trying to negotiate the challenges of the residential market.

Notably, interest expenses were higher than forecast in FY24 and lower trading profits reduced FY25 guidance.

Overweight rating and $2.20 target unchanged.
Access Extra Coverage Research History >

MGR STOCK CHART

FNArena News on MGR

1
Rudi’s View: The Importance Of ‘Quality’ Growth

3:18 PM - Rudi's View
2
Rudi’s View: A Rally With No Earnings Support

Nov 14 2024 - Rudi's View
3
Rudi’s View: Trump Returns, What Now?

Nov 07 2024 - Rudi's View
4
ESG Focus: The Little Big Things – 02-10-2024

Oct 02 2024 - ESG Focus
5
Australian Broker Call *Extra* Edition – Aug 14, 2024

Aug 14 2024 - Daily Market Reports

Latest Infra & Property Developers News

1
GPT Group On The Up

Jul 16 2024 - Technicals
2
Treasure Chest: Stockland

Jun 26 2024 - Treasure Chest
3
ESG Focus: Do Data Centres Threaten ESG Targets?

Jun 24 2024 - ESG Focus
4
Goodman Group’s Upward Momentum Continues

Jun 11 2024 - Technicals
5
Lendlease: Bringing It Back Home

May 30 2024 - Australia
6
Goodman Group Powers On

May 09 2024 - Australia
7
Goodman Group: Overbought

Aug 22 2023 - Technicals
8
Goodman Group: Breaking Out

May 02 2023 - Technicals
9
Goodman Group: Short Term Rally

Jul 19 2022 - Technicals
10
Goodman Silences The Critics

May 18 2022 - Australia