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

$5.00

21 Mar
2025

0.040

OPEN

$4.95

0.81%

HIGH

$5.07

13,939,061

LOW

$4.94

TARGET
$5.602

+0.01 change from previous day

 12.0% 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 33.6 xxx
DPS (cps) xxx 24.6 25.1 xxx
EPS Growth xxx - 30.7% 100.0% xxx
DPS Growth xxx - 6.1% 2.1% xxx
PE Ratio xxx N/A 14.9 xxx
Dividend Yield xxx N/A 5.0% xxx
Div Pay Ratio(%) xxx 192.2% 74.9% xxx

Dividend yield today if purchased 3 years ago: 5.84%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.92

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

UBS

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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Macquarie

20/02/2025

5

Underperform

$5.39

7.80%

Stockland's 1H25 funds from operations were in line with Macquarie but -7% below consensus. FY25 FFO guidance is reaffirmed and the dividend is expected to be 75% of FFO.

Stockland has elevated contracts on hand at 5,789 lots moving into 2H25, and expects the March Q to deliver strong settlements providing comfort the group will deliver on its re-iterated 6,200-6,700 lot target for FY25.

The company successfully launched two logistics partnerships in 1H25, seeded with balance-sheet assets at small premiums to book value. 

Stockland is executing on strategy, Macquarie notes, has an attractive earnings growth profile and the new partnerships are accretive. Neutral retained on valuation, target $5.39.

FORECAST
Macquarie forecasts a full year FY25 dividend of 24.90 cents and EPS of 33.70 cents.
Macquarie forecasts a full year FY26 dividend of 28.40 cents and EPS of 37.90 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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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

24/02/2025

1

Buy

$5.95

19.00%

Stockland's 1H25 result was slightly below Jarden's forecast but appeared to be a skew because the FY25 guidance was maintained.

The broker is forecasting 10% funds from operations compounded annual growth over FY25-28, but sees further upside from a more meaningful pick up in residential momentum.

The analyst reckons management continues to improve the portfolio and capital structure through non-core asset disposals, selective acquisitions and other initiatives.

Target price is $5.95, Buy rating retained.

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

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1
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2
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Feb 22 2025 - Australia
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FNArena Corporate Results Monitor – 20-02-2025

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