Goodman Group (ASX:GMG) - Stock Price, News & Analysis

GMG Stock Overview

Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom and the Americas.

About the company

GMG fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	5/6
Past Performance	1/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 20.2% below our estimate of its fair value

Earnings are forecast to grow 25.72% per year

Risk Analysis

Large one-off items impacting financial results

Profit margins (17.5%) are lower than last year (65.7%)

Goodman Group Competitors

Centuria Industrial REIT

ASX:CIP

AU$2.1b

Dexus Industria REIT

ASX:DXI

AU$916.9m

Scentre Group

ASX:SCG

AU$16.4b

Stockland

ASX:SGP

AU$10.8b

Price History & Performance

Summary of all time highs, changes and price drops for Goodman Group
Historical stock prices
Current Share Price	AU$31.15
52 Week High	AU$34.07
52 Week Low	AU$18.83
Beta	0.89
1 Month Change	0.94%
3 Month Change	28.08%
1 Year Change	62.32%
3 Year Change	62.32%
5 Year Change	141.47%
Change since IPO	50.85%

Recent updates

If EPS Growth Is Important To You, Goodman Group (ASX:GMG) Presents An Opportunity

Nov 11

If EPS Growth Is Important To You, Goodman Group (ASX:GMG) Presents An Opportunity

Jul 25

What Type Of Shareholders Own The Most Number of Goodman Group (ASX:GMG) Shares?

Mar 14

With EPS Growth And More, Goodman Group (ASX:GMG) Is Interesting

Feb 21

Shareholders Of Goodman Group (ASX:GMG) Must Be Happy With Their 235% Total Return

Jan 29

Goodman Group's (ASX:GMG) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?

Jan 08

Who Has Been Selling Goodman Group (ASX:GMG) Shares?

Dec 18

Why Goodman Group's (ASX:GMG) CEO Pay Matters

Nov 27

Shareholder Returns

	GMG	AU Industrial REITs	AU Market
7D	-2.1%	-1.1%	-0.6%
1Y	62.3%	54.4%	5.7%

Return vs Industry: GMG exceeded the Australian Industrial REITs industry which returned 54.4% over the past year.

Return vs Market: GMG exceeded the Australian Market which returned 5.7% over the past year.

Price Volatility

Is GMG's price volatile compared to industry and market?
GMG volatility
GMG Average Weekly Movement	4.1%
Industrial REITs Industry Average Movement	2.9%
Market Average Movement	8.9%
10% most volatile stocks in AU Market	17.4%
10% least volatile stocks in AU Market	3.4%

Stable Share Price: GMG has not had significant price volatility in the past 3 months.

Volatility Over Time: GMG's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2002	971	Greg Goodman	www.goodman.com

Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom and the Americas. Goodman Group, comprised of the stapled entities Goodman Limited, Goodman Industrial Trust and Goodman Logistics (HK) Limited, is the largest industrial property group listed on the Australian Securities Exchange and one of the largest listed specialist investment managers of industrial property and business space globally. Goodman’s global property expertise, integrated own+develop+manage customer service offering and significant investment management platform ensures it creates innovative property solutions that meet the individual requirements of its customers, while seeking to deliver long-term returns for investors.

Goodman Group Fundamentals Summary

How do Goodman Group's earnings and revenue compare to its market cap?
GMG fundamental statistics
Market cap	AU$60.34b
Earnings (TTM)	AU$242.80m
Revenue (TTM)	AU$1.39b

243.7x

P/E Ratio

42.5x

P/S Ratio

Is GMG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GMG income statement (TTM)
Revenue	AU$1.39b
Cost of Revenue	AU$559.20m
Gross Profit	AU$831.50m
Other Expenses	AU$588.70m
Earnings	AU$242.80m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

Aug 15, 2024

Earnings per share (EPS)	0.13
Gross Margin	59.79%
Net Profit Margin	17.46%
Debt/Equity Ratio	18.3%

How did GMG perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

51%

Payout Ratio

GMG Stock Overview

Rewards

Risk Analysis

Goodman Group Competitors

ASX:CIP

AU$2.1b

ASX:DXI

AU$916.9m

ASX:SCG

AU$16.4b

ASX:SGP

AU$10.8b

Price History & Performance

Recent News & Updates

Now 20% undervalued

Now 21% undervalued

First half 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates fall by 14%, revenue upgraded

Now 21% undervalued

Consensus EPS estimates fall by 14%

Recent updates

Now 20% undervalued

Now 21% undervalued

First half 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates fall by 14%, revenue upgraded

Now 21% undervalued

Consensus EPS estimates fall by 14%

Upcoming dividend of AU$0.15 per share at 1.2% yield

Goodman Group Announces Distribution for the Six Month Period Ended December 31, 2023, Payable on February 23, 2024

Deputy Group CEO recently sold AU$3.3m worth of stock

Goodman Group to Report First Half, 2024 Results on Feb 15, 2024

Consensus EPS estimates fall by 14%, revenue upgraded

Group CEO & Director recently sold AU$19m worth of stock

New minor risk - Insider selling

Deputy Group CEO recently sold AU$12m worth of stock

New minor risk - Profit margin trend

Goodman Group Provides Distribution Guidance for the Fiscal Year 2024

Full year 2023 earnings: EPS and revenues miss analyst expectations

Goodman Group to Report Fiscal Year 2023 Final Results on Sep 28, 2023

New major risk - Revenue and earnings growth

Upcoming dividend of AU$0.15 per share at 1.5% yield

Goodman Group Announces Fully Paid Ordinary/Units Stapled Securities Dividend for the Six Months Ended June 30, 2023, Payment Date of August 29, 2023

Board Member recently sold AU$20m worth of stock

Insider recently sold AU$402k worth of stock

Goodman Group Provides Earnings Guidance for the Year 2023

High number of new directors

Independent Non-Executive Director recently bought AU$102k worth of stock

Now 20% undervalued

Group CEO & Director recently sold AU$26m worth of stock

First half 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Upcoming dividend of AU$0.15 per share

Goodman Group Announces Dividend for the Period of Six Months Ending December 31, 2022, Payable on February 24, 2023

Goodman Group to Report Fiscal Year 2023 Results on Aug 17, 2023

If EPS Growth Is Important To You, Goodman Group (ASX:GMG) Presents An Opportunity

Now 22% undervalued after recent price drop

Independent Non-Executive Director recently bought AU$78k worth of stock

Insider recently sold AU$322k worth of stock

Goodman Group Announces Board and Committee Changes

Full year 2022 earnings: Revenues in line with analyst expectations

Goodman Group Provides Group Earnings Guidance for the Fiscal Year 2023

If EPS Growth Is Important To You, Goodman Group (ASX:GMG) Presents An Opportunity

Goodman Group Announces Dividend for the Six Months Ending June 30, 2022, Payable on August 25, 2022

Goodman Group Appoints Vanessa Liu as Director

Insufficient new directors

Consensus forecasts updated

Independent Director recently bought AU$94k worth of stock

Now 22% undervalued after recent price drop

Insufficient new directors

Now 20% undervalued after recent price drop

Here's Why We Think Goodman Group (ASX:GMG) Is Well Worth Watching

Now 20% undervalued after recent price drop

First half 2022 earnings: EPS and revenues exceed analyst expectations

Consensus EPS estimates increase by 90%

Goodman Group Provides Earnings Guidance for the Fiscal Year 2022

Upcoming dividend of AU$0.15 per share

Deputy Group CEO recently sold AU$6.7m worth of stock

Do Goodman Group's (ASX:GMG) Earnings Warrant Your Attention?

Deputy Group CEO recently sold AU$9.0m worth of stock

Group CEO & Director recently sold AU$4.2m worth of stock

Deputy Group CEO recently bought AU$6.0m worth of stock