MIRVAC GROUP (MGR)
Share Price Analysis and Chart

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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

$1.89

20 Dec
2024

-0.030

OPEN

$1.89

-1.56%

HIGH

$1.91

23,246,471

LOW

$1.88

TARGET
$2.31 22.2% 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 15.7 xxx
Dividend Yield xxx N/A 4.8% xxx
Div Pay Ratio(%) xxx N/A 74.5% xxx

Dividend yield today if purchased 3 years ago: 3.62%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.56

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

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

23/10/2024

3

Equal-weight

$2.45

29.63%

Management at Mirvac Group has reaffirmed FY25 EPS guidance when releasing a "solid" 1Q update, according to Morgan Stanley.

Residential sales rose by 32% on the previous corresponding period and there were 220 settlements. Office transactions are gathering pace, note the analysts, with over $3bn of sales across Sydney/Melbourne CBD so far in 2024.

The analysts now estimate there are between 1000-1100 contracts on hand for FY25, plus 387 conditional sales in QLD/WA, compared to FY25 guidance for 2000-2500 settlements.

Target $2.45. Equal-weight. Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 9.00 cents and EPS of 12.10 cents.
Morgan Stanley forecasts a full year FY26 dividend of 9.60 cents and EPS of 13.40 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$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

14/08/2024

2

Overweight

$2.20

16.40%

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

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