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

$5.61

13 Jun
2025

-0.060

OPEN

$5.70

-1.06%

HIGH

$5.71

4,327,027

LOW

$5.56

TARGET
$5.642 0.6% 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 16.8 xxx
Dividend Yield xxx N/A 4.5% xxx
Div Pay Ratio(%) xxx 192.2% 75.0% xxx

Dividend yield today if purchased 3 years ago: 6.85%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

4.39

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

0.4

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

01/05/2025

3

Neutral

$5.37

-4.28%

UBS retains a $5.37 target and Neutral rating on Stockland, seeing valuation as balanced at current levels.

March quarter net sales rose by 21% quarter-on-quarter to 1,509 lots, just under the broker’s 1,600 estimate, partly due to the Lendlease ((LLC)) communities acquisition contributing late in the period.

Positively, average pricing improved, up by 17% compared to 1H25 settlements, with price growth of around 3% on a like-for-like basis. highlight the analysts.

FY25 funds from operations (FFO) guidance is unchanged but Land Lease settlement forecasts were revised lower to 500 from 600 due to VIC softness and weather disruptions in QLD, explains UBS.

FORECAST
UBS forecasts a full year FY25 dividend of 25.00 cents and EPS of 33.00 cents.
UBS forecasts a full year FY26 dividend of 27.00 cents and EPS of 35.00 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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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

10/06/2025

2

Downgrade to Overweight from Buy

$6.35

13.19%

Ahead of the FY25 reporting season in August, Jarden has marked-to-market the REIT sector to account for news flow, and the latest BBSW futures curve and risk-free rates.

Overall, the broker expects upbeat messages from the REITs, with most likely to guide to an accelerating NTA and FFO growth.

The broker is optimistic about the residential sector but believes Stockland may disappoint with conservative guidance at the FY25 results. The analyst is forecasting 10% FFO growth in FY26, noting anything above 7-8% growth guidance would be a positive.

Rating downgraded to Overweight from Buy. Target rises to $6.35 from $5.95.

FORECAST
Jarden forecasts a full year FY25 dividend of 25.20 cents and EPS of 33.50 cents.
Jarden forecasts a full year FY26 dividend of 27.60 cents and EPS of 36.80 cents.

SGP STOCK CHART