STOCKLAND (SGP)
Share Price Analysis and Chart

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SGP

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

$5.49

23 May
2025

0.010

OPEN

$5.51

0.18%

HIGH

$5.55

2,995,993

LOW

$5.49

TARGET
$5.642 2.8% upside
OTHER COMPANIES IN THE SAME SECTOR
CMW . CWP . FRI . FWD . GMG . GOZ . GPT . 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 33.4 xxx
DPS (cps) xxx 24.6 25.1 xxx
EPS Growth xxx - 30.7% 100.0% xxx
DPS Growth xxx - 6.1% 1.9% xxx
PE Ratio xxx N/A 16.4 xxx
Dividend Yield xxx N/A 4.6% xxx
Div Pay Ratio(%) xxx 192.2% 75.0% xxx

Dividend yield today if purchased 3 years ago: 6.36%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.48

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: 30/12 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 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

0.2

No. Of Recommendations

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

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

20/02/2025

1

Overweight

$6.50

18.40%

Stockland has reported 1H25 funds from operations in line with Morgan Stanley but a touch below consensus. FY25 guidance has been maintained, with a distribution payout of 75% of post-tax FFO.

Residential sales were up 6% year on year. The biggest improvement was in Victoria, the broker notes, where cancellations have reduced.

Overall, there was some good progress on new partnerships and developments, Morgan Stanley suggests, but the second half has a larger skew than normal.

Overweight and $6.50 target retained. Industry view: In Line.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 25.40 cents and EPS of 33.50 cents.
Morgan Stanley forecasts a full year FY26 dividend of 29.30 cents and EPS of 37.30 cents.

Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxxxxxxxxx

$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

05/05/2025

1

Buy

$5.95

8.38%

Jarden notes Stockland's 3Q25 Masterplanned Communities sales rose 21% q/q, the highest growth in three years and confirming momentum pickup in the business.

The broker highlights the FY25 FFO guidance of 33-34c was reiterated despite a downward revision to FY25 Landlease settlements to 500 from 600, suggesting this is a short-term headwind.

The analyst believes improving sales and pricing momentum would likely boost margins from FY26. No change to forecasts. Buy. Target price $5.95.

FORECAST
Jarden forecasts a full year FY25 dividend of 25.30 cents and EPS of 33.70 cents.
Jarden forecasts a full year FY26 dividend of 28.30 cents and EPS of 37.70 cents.
Access Extra Coverage Research History >

SGP STOCK CHART

FNArena News on SGP

1
Rudi’s View: 30 For ’30 & Best Buy Convictions

May 15 2025 - Rudi's View
2
Australian Broker Call *Extra* Edition – May 05, 2025

May 05 2025 - Daily Market Reports
3
Rudi’s View: Coal, Copper, Car Group & More

Mar 27 2025 - Rudi's View
4
Post Bottom, Focus Shifts To A-REITs Potential

Mar 13 2025 - Feature Stories
5
Australian Broker Call *Extra* Edition – Feb 24, 2025

Feb 24 2025 - Daily Market Reports

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