GOODMAN GROUP (GMG)
Share Price Analysis and Chart

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GMG - GOODMAN GROUP

FNArena Sector : Infra & Property Developers
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 7.27
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Goodman Group is an Australian commercial and industrial property group that owns, develops and manages warehouses, large scale logistics facilities, business and office parks in 17 countries. First listed in February 2005.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$33.47

14 May
2024

-0.280

OPEN

$33.50

-0.83%

HIGH

$33.63

1,745,968

LOW

$33.32

TARGET
$32.045 -4.3% downside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
CMW . CWP . FRI . FWD . GOZ . GPT . HPI . LIC . LLC . MGR . PPC . SFC . SGP . SIO . UOS .
FNARENA'S MARKET CONSENSUS FORECASTS
GMG: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx N/A 106.7 xxx
DPS (cps) xxx N/A 30.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 31.3 xxx
Dividend Yield xxx N/A 0.9% xxx
Div Pay Ratio(%) xxx N/A 28.1% xxx

Dividend yield today if purchased 3 years ago: 1.60%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.90

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 15c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx83.0
DPS All xxxxxxxxxxxxxxx30.0
Sales/Revenue xxxxxxxxxxxxxxx1,963.6 M
Book Value Per Share xxxxxxxxxxxxxxx956.8
Net Operating Cash Flow xxxxxxxxxxxxxxx1,284.2 M
Net Profit Margin xxxxxxxxxxxxxxx79.44 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx9.06 %
Return on Invested Capital xxxxxxxxxxxxxxx7.69 %
Return on Assets xxxxxxxxxxxxxxx6.85 %
Return on Equity xxxxxxxxxxxxxxx9.06 %
Return on Total Capital xxxxxxxxxxxxxxx2.19 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx709.1 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx12 M
Long Term Debt xxxxxxxxxxxxxxx3,348 M
Total Debt xxxxxxxxxxxxxxx3,361 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,360 M
Price To Book Value xxxxxxxxxxxxxxx2.10

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx13.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.66 %
Cost of Goods Sold xxxxxxxxxxxxxxx638 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx880 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx3,895 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

0.3

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

09/05/2024

1

Outperform

$36.37

8.66%

Goodman Group upgraded FY24 earnings guidance at the 3Q trading report to 13% from 11%.

Macquarie highlights management has upgraded earnings guidance in the 3Q over the last 3-years and Goodman Group has beaten guidance over the last 6-years.

Management fees and better management income underpinned the upgrade with 3Q commencements soft, however, the analyst notes the size of the data centre developments leads to volatile and lumpy earnings recognition.

Macquarie lifts FY24 EPS by 1.2% which is an increase to 14% growth from 12% previously and FY25 EPS lifts by 0.7%.

Accordingly, the target price is raised to $36.37 from $34.84.

An Outperform rating is unchanged with the group expected to deliver 3-year forward compound average EPS growth of 12.5%.

FORECAST
Macquarie forecasts a full year FY24 dividend of 30.00 cents and EPS of 107.00 cents.
Macquarie forecasts a full year FY25 dividend of 34.30 cents and EPS of 120.00 cents.

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

GMG STOCK CHART

FNArena News on GMG

1
Part Three: Generative AI, Investing in the 21st Century Megatrend

May 14 2024 - Feature Stories
2
Goodman Group Powers On

May 09 2024 - Australia
3
Rudi’s View: Arcadium Lithium, Goodman Group, Paladin, Pexa & Treasury Wine

May 09 2024 - Rudi's View
4
Rudi’s View: Opportunity In Data Centres

May 08 2024 - Rudi's View
5
April In Review: The Bond Market Roared

May 06 2024 - Australia

Latest Infra & Property Developers News

1
Goodman Group Powers On

May 09 2024 - Australia
2
Goodman Group: Overbought

Aug 22 2023 - Technicals
3
Goodman Group: Breaking Out

May 02 2023 - Technicals
4
Goodman Group: Short Term Rally

Jul 19 2022 - Technicals
5
Goodman Silences The Critics

May 18 2022 - Australia
6
Treasure Chest: Stockland Ready To De-Couple

Apr 05 2022 - Treasure Chest
7
Stockland: Property Portfolio In Transformation

Nov 10 2021 - Australia
8
The Goodman Group Good News Story Continues

Nov 03 2021 - Australia
9
Goodman Group: Momentum Strong

Oct 26 2021 - Technicals
10
Will There Be Upside From Lendlease Targets?

Sep 06 2021 - Australia