STOCKLAND (SGP)
Share Price Analysis and Chart

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SGP - STOCKLAND

FNArena Sector : Infra & Property Developers
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 6.7
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Stockland is a diversified Australian property development company, owning, developing and managing shopping centres, housing estates, industrial estates and retirement villages. The company gained a listing on the Sydney stock exchange in 1957 by acquiring a controlling interest in Simon Hickey Industries, the smallest company then listed.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$5.15

19 Nov
2024

0.000

OPEN

$5.17

0.000

HIGH

$5.21

7,228,685

LOW

$5.12

TARGET
$5.743 11.5% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
CMW . CWP . FRI . FWD . GMG . GOZ . GPT . HPI . LIC . LLC . MGR . PPC . SFC . SIO . UOS .
FNARENA'S MARKET CONSENSUS FORECASTS
SGP: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 12.8 32.0 xxx
DPS (cps) xxx 24.6 25.1 xxx
EPS Growth xxx - 30.7% 100.0% xxx
DPS Growth xxx - 6.1% 1.8% xxx
PE Ratio xxx N/A 15.9 xxx
Dividend Yield xxx N/A 4.9% xxx
Div Pay Ratio(%) xxx 192.2% 78.3% xxx

Dividend yield today if purchased 3 years ago: 5.62%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.84

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 8c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx12.8
DPS All xxxxxxxxxxxxxxx24.6
Sales/Revenue xxxxxxxxxxxxxxx2,989.0 M
Book Value Per Share xxxxxxxxxxxxxxx415.3
Net Operating Cash Flow xxxxxxxxxxxxxxx114.0 M
Net Profit Margin xxxxxxxxxxxxxxx10.20 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx3.04 %
Return on Invested Capital xxxxxxxxxxxxxxx2.15 %
Return on Assets xxxxxxxxxxxxxxx1.81 %
Return on Equity xxxxxxxxxxxxxxx3.04 %
Return on Total Capital xxxxxxxxxxxxxxx4.84 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-425.0 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 xxxxxxxxxxxxxxx264 M
Long Term Debt xxxxxxxxxxxxxxx4,503 M
Total Debt xxxxxxxxxxxxxxx4,767 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx807 M
Price To Book Value xxxxxxxxxxxxxxx1.00

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx4.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.13 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,805 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx488 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx12,827 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

0.6

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Ord Minnett

xx/xx/xxxx

2

xxxxxxx xx xxxxxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Citi

11/11/2024

1

Buy

$6.00

16.50%

Stockland upgraded FY25 guidance by 3%, which Citi believes is in line with expectations, following the finalisation of the communities acquisition from Lendlease (LLC).

At first glance, the broker explains the upgrade aligns with expectations but remains a positive move for the REIT.

The analyst anticipates a possible 1%-2% earnings accretion on top of the already estimated circa 5% accretion from the deal in FY26.

Citi favours Stockland over Mirvac Group ((MGR)), with a compound growth rate in EPS of around 11% from FY25 to FY27.

Citi retains a Buy rating. Target price: $6.

FORECAST
Citi forecasts a full year FY25 dividend of 25.50 cents and EPS of 33.90 cents.
Citi forecasts a full year FY26 dividend of 29.00 cents and EPS of 39.30 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

Macquarie

xx/xx/xxxx

-1

xx xxxxxx

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

28/08/2024

1

Buy

$5.45

5.83%

Stockland's FY24 result appears to have met Jarden's forecasts and the broker reiterates its Buy rating citing the following:

-The company retains a strong strategic lead over competitors in terms of growth initiatives and rising returns;
-It boasts an accelerating earnings profile thanks to its high-performing property trust (Jarden estimates a three-year 8.5% FFO compound annual growth rate);
-Its weighted average cost of debt is mainly marked to market; and 
-New capital partners.

The broker observes the company's shares are trading at a sector discount and believes evidence of execution could trigger a re-rating of the company. Jarden adds a jump in cash generation could prove a big catalyst.

Buy rating and $5.45 target price retained ahead of the broker's mark-to-market at the end of the reporting season.

FORECAST
Jarden forecasts a full year FY25 dividend of 26.50 cents and EPS of 33.70 cents.
Jarden forecasts a full year FY26 EPS of 38.80 cents.
Access Extra Coverage Research History >

SGP STOCK CHART

FNArena News on SGP

1
Weekly Ratings, Targets, Forecast Changes – 15-11-24

Nov 18 2024 - Weekly Reports
2
ESG Focus: The Little Big Things – 02-10-2024

Oct 02 2024 - ESG Focus
3
Rudi’s View: Banks, Miners & Quality Small Caps

Sep 26 2024 - Rudi's View
4
August Result Season 2024: The Wrap

Sep 24 2024 - Feature Stories
5
Next Week At A Glance – 16-20 Sep 2024

Sep 13 2024 - Weekly Reports

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