MIRVAC GROUP (MGR)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

MGR

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

$2.13

24 Mar
2025

0.000

OPEN

$2.11

0.000

HIGH

$2.15

9,068,615

LOW

$2.11

TARGET
$2.288 7.4% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
CMW . CWP . FRI . FWD . GMG . GOZ . GPT . 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 12.2 xxx
DPS (cps) xxx 10.5 9.1 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx 0.0% - 13.8% xxx
PE Ratio xxx N/A 17.5 xxx
Dividend Yield xxx N/A 4.2% xxx
Div Pay Ratio(%) xxx N/A 74.2% xxx

Dividend yield today if purchased 3 years ago: 4.17%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.93

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 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

0.2

No. Of Recommendations

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

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Macquarie

17/02/2025

1

Outperform

$2.56

20.19%

Macquarie raises its target for Mirvac Group by 18% to $2.56 and maintains an Outperform rating after 1H operating earnings per security (OEPS) of 6 cents exceeded the 5.7 cent consensus forecast. Management reiterated FY25 guidance for 12-12.3 cents.

The broker has increasing confidence FY25 will mark the low point for the group's earnings, expecting a recovery in FY26. Margins were a positive surprise at circa 19%, albeit due to a higher weighting to master planned community (MPC) portfolio settlements.

Management noted a strong pick-up in residential sales with 947 lots sold in the half, noting the higher end of the market (e.g.,
Harbourside) has exceeded expectations, with deep demand for premium product.

FORECAST
Macquarie forecasts a full year FY25 dividend of 9.10 cents and EPS of 12.30 cents.
Macquarie forecasts a full year FY26 dividend of 9.80 cents and EPS of 14.40 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$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

17/02/2025

2

Overweight

$2.35

10.33%

Jarden notes at the 1H25 result, Mirvac Group presented a compelling case for a strong recovery in earnings and returns as the rate, asset valuation, residential, and office cycle all approach a turning point.

The broker expects the group to try and work through its remaining problem projects in 2H25 to deliver strong guidance for FY26.

The broker forecasts 11% funds from operation compounded growth for FY25-28 and sees medium-term upside potential from margin recovery, which is not reflected in its valuation.

Target price rises to $2.35 from $2.15. Overweight maintained.

FORECAST
Jarden forecasts a full year FY25 dividend of 9.00 cents and EPS of 12.20 cents.
Jarden forecasts a full year FY26 dividend of 9.80 cents and EPS of 13.50 cents.
Access Extra Coverage Research History >

MGR STOCK CHART

FNArena News on MGR

1
Post Bottom, Focus Shifts To A-REITs Potential

Mar 13 2025 - Feature Stories
2
Rudi’s View: To Sell Or Not To Sell

Mar 06 2025 - Rudi's View
3
Rudi’s View: Best Ideas & Conviction Calls

Feb 20 2025 - Rudi's View
4
FNArena Corporate Results Monitor – 17-02-2025

Feb 17 2025 - Australia
5
Australian Broker Call *Extra* Edition – Feb 17, 2025

Feb 17 2025 - Daily Market Reports

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