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Goodman Group GMG

Morningstar Rating
A$34.95 −0.48 (1.35%)
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Company Report

Price vs Fair Value

GMG is trading at a 852% premium.
Price
A$35.43
Fair Value
A$88.00
Uncertainty
Medium
1-Star Price
A$69.20
5-Star Price
A$12.50
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Investment in industrial property remains high as retailers invest in e-commerce and logistics, and alternative uses such as residential and data centers add appeal.

Bears

Falling interest rates, strong demand for industrial property from investors and tenants helped Goodman Group. It remains to be seen how Goodman will manage if those tailwinds turn into headwinds of higher interest rates and lower demand for industrial property.

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News

Trading Information

Previous Close Price
A$35.43
Day Range
A$34.9335.48
52-Week Range
A$19.2835.95
Bid/Ask
A$34.95 / A$34.96
Market Cap
A$66.36 Bil
Volume/Avg
780,542 / 3.4 Mil

Key Statistics

Price/Earnings (Normalized)
43.99
Price/Sales
34.86
Dividend Yield (Trailing)
0.85%
Dividend Yield (Forward)
0.85%
Total Yield
0.85%

Company Profile

Goodman Group develops and manages industrial property investments worldwide. Rather than taking all risks on its own balance sheet, many Goodman developments are on behalf of end-user tenants, and funds management clients. A typical deal involves purchasing land for a tenant who wants to occupy the site, and/or an investor who will own the asset via a Goodman investment vehicle. Goodman charges leasing fees for locking in tenants, and fees for managing the development. Completed projects reside in Goodman investment vehicles, and Goodman charges asset and investment management fees to investors, in return for collecting rent and managing the site. Goodman retains a minority stake in many projects, generating rental income and aligning its interests with its funds management clients.
Sector
Real Estate
Industry
Real Estate - Diversified
Stock Style Box
Large Core
Total Number of Employees
950

Competitors

Valuation

Metric
GMG
DXS
PLD
Price/Earnings (Normalized)
43.9942.67
Price/Book Value
3.830.601.99
Price/Sales
34.868.0913.27
Price/Cash Flow
73.8611.7520.36
Price/Earnings
GMG
DXS
PLD

Financial Strength

Metric
GMG
DXS
PLD
Quick Ratio
1.230.260.18
Current Ratio
1.640.470.32
Interest Coverage
1.39−7.576.32
Quick Ratio
GMG
DXS
PLD

Profitability

Metric
GMG
DXS
PLD
Return on Assets (Normalized)
2.11%−5.52%3.99%
Return on Equity (Normalized)
2.79%−8.08%6.89%
Return on Invested Capital (Normalized)
2.24%−5.93%5.01%
Return on Assets
GMG
DXS
PLD
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Economic Moat
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