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

$2.29

08 Oct
2025

-0.020

OPEN

$2.30

-0.87%

HIGH

$2.31

3,969,806

LOW

$2.28

TARGET
$2.452 7.1% 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 9.9 xxx
EPS Growth xxx N/A 100.0% xxx
DPS Growth xxx - 14.3% 9.7% xxx
PE Ratio xxx N/A 17.9 xxx
Dividend Yield xxx N/A 4.3% xxx
Div Pay Ratio(%) xxx 523.3% 76.4% xxx

Dividend yield today if purchased 3 years ago: 4.52%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.93

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 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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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

18/08/2025

3

Hold

$2.20

-3.93%

Mirvac Group's FY25 earnings missed Ord Minnett's forecast but final distribution was in line.

Guidance is for earnings growth in FY26 and 5.6% y/y lift in distribution, and is based on 7.8% y/y increase in residential settlements and increase in gross margin to 18-22% from 14.9% in FY25.

The broker, however, reckons the guidance is optimistic given write-downs and project timelines, plus higher interest expenses.

Operating EPS forecast for FY26 cut by -0.9% and FY27 by 4.5%.

Hold. Target rises to $2.20 from $2.15.

Citi

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$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

11/09/2025

3

Neutral

$2.50

9.17%

Jarden notes REIT stocks outperformed in August, up 6.2%, with the performance supported by the sector exceeding elevated expectations during the result season.

Macro tailwinds like rate cuts, cap rate compression and limited supply support rental/price growth and asset values. Balance sheets are healthy, enabling capital deployment and potential consolidation-driven upside.

Among key risks in the broker's view are elevated rates vs past cycles, regulatory headwinds, and a wide gap between underlying and cash-backed earnings.

The broker believes FY26 will be a turning point for Mirvac Group, with improved and potentially accelerating EPS and AFFO growth over the next few years.

Neutral. Target rises to $2.50 from $2.40.

FORECAST
Jarden forecasts a full year FY26 EPS of 13.17 cents.
Jarden forecasts a full year FY27 EPS of 14.58 cents.
Access Extra Coverage Research History >

MGR STOCK CHART

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