Mirvac Group Future Growth

Future criteria checks 3/6

Mirvac Group's revenue is forecast to decline at 44.7% per annum while its annual earnings are expected to grow at 42.2% per year. EPS is expected to grow by 40.9% per annum. Return on equity is forecast to be 5.9% in 3 years.

Key information

42.2%

Earnings growth rate

40.9%

EPS growth rate

REITs earnings growth	30.5%
Revenue growth rate	-44.7%
Future return on equity	5.9%
Analyst coverage	Good
Last updated	03 Oct 2024

Recent future growth updates

Recent updates

What Type Of Returns Would Mirvac Group's(ASX:MGR) Shareholders Have Earned If They Purchased Their SharesYear Ago?

Feb 28

How Much Is Mirvac Group's (ASX:MGR) CEO Getting Paid?

Jan 31

How Many Mirvac Group (ASX:MGR) Shares Do Institutions Own?

Jan 03

Mirvac Group's (ASX:MGR) Stock Going Strong But Fundamentals Look Weak: What Implications Could This Have On The Stock?

Dec 07

Earnings and Revenue Growth Forecasts

ASX:MGR - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2027	977	653	-95	615	4
6/30/2026	903	561	-350	564	5
6/30/2025	877	478	-370	521	5
6/30/2024	3,035	-805	540	542	N/A
3/31/2024	2,699	-693	353	356	N/A
12/31/2023	2,362	-581	166	169	N/A
9/30/2023	2,151	-373	52	56	N/A
6/30/2023	1,940	-165	-62	-57	N/A
3/31/2023	1,933	196	106	113	N/A
12/31/2022	1,925	556	274	283	N/A
9/30/2022	2,170	731	581	589	N/A
6/30/2022	2,415	906	887	895	N/A
3/31/2022	2,313	990	745	750	N/A
12/31/2021	2,211	1,074	602	605	N/A
9/30/2021	2,064	988	616	620	N/A
6/30/2021	1,917	901	630	635	N/A
3/31/2021	1,932	619	583	587	N/A
12/31/2020	1,946	337	535	539	N/A
9/30/2020	2,097	448	491	495	N/A
6/30/2020	2,247	558	446	450	N/A
3/31/2020	2,328	771	571	578	N/A
12/31/2019	2,408	984	695	705	N/A
9/30/2019	2,332	1,002	601	612	N/A
6/30/2019	2,255	1,019	506	518	N/A
3/31/2019	2,489	1,146	671	684	N/A
12/31/2018	2,722	1,272	836	850	N/A
9/30/2018	2,512	1,181	743	757	N/A
6/30/2018	2,302	1,089	649	663	N/A
3/31/2018	2,209	1,105	N/A	624	N/A
12/31/2017	2,116	1,121	N/A	584	N/A
9/30/2017	2,269	1,143	N/A	549	N/A
6/30/2017	2,422	1,164	N/A	513	N/A
3/31/2017	2,554	1,116	N/A	579	N/A
12/31/2016	2,685	1,068	N/A	644	N/A
9/30/2016	2,561	1,051	N/A	577	N/A
6/30/2016	2,436	1,033	N/A	509	N/A
3/31/2016	1,966	919	N/A	210	N/A
12/31/2015	1,496	804	N/A	-88	N/A
9/30/2015	1,629	707	N/A	162	N/A
6/30/2015	1,763	610	N/A	413	N/A
3/31/2015	1,925	545	N/A	600	N/A
12/31/2014	2,087	480	N/A	788	N/A
9/30/2014	2,002	464	N/A	593	N/A
6/30/2014	1,918	447	N/A	399	N/A
12/31/2013	1,752	329	N/A	223	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MGR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.4%).

Earnings vs Market: MGR is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: MGR is expected to become profitable in the next 3 years.

Revenue vs Market: MGR's revenue is expected to decline over the next 3 years (-44.7% per year).

High Growth Revenue: MGR's revenue is forecast to decline over the next 3 years (-44.7% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MGR's Return on Equity is forecast to be low in 3 years time (5.9%).

Mirvac Group Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 34%

Consensus EPS estimates fall by 20%, revenue upgraded

Consensus forecasts updated

Consensus forecasts updated

Consensus forecasts updated

Consensus EPS estimates increase by 36%

Recent updates

Mirvac Group Appoints Rosemary Hartnett as Non-Executive Director, Effective December 2, 2024

Mirvac Group, Annual General Meeting, Nov 15, 2024

Full year 2024 earnings released: AU$0.20 loss per share (vs AU$0.042 loss in FY 2023)

Mirvac Group to Report Fiscal Year 2024 Results on Aug 08, 2024

First half dividend of AU$0.06 announced

Keppel REIT (Australia) Sub-Trust 8 acquired 50% stake in 255 George Street, a freehold Grade A office building in Sydney, Australia from Mirvac Wholesale Office Fund I which is managed by Mirvac Group (ASX:MGR).

Keppel REIT (Australia) Sub-Trust 8 agreed to acquire 50% stake in 255 George Street, a freehold Grade A office building in Sydney, Australia from Mirvac Wholesale Office Fund I which is managed by Mirvac Group (ASX:MGR) for AUD 363.8 million.

Keppel REIT (Australia) Sub-Trust 8 agreed to acquire 50% stake in 255 George Street, a freehold Grade A office building in Sydney, Australia from Mirvac Wholesale Office Fund I which is managed by Mirvac Group (ASX:MGR) for AUD 363.8 million.

First half 2024 earnings released: AU$0.051 loss per share (vs AU$0.055 profit in 1H 2023)

Upcoming dividend of AU$0.045 per share at 5.1% yield

Mirvac Group to Report First Half, 2024 Results on Feb 08, 2024

Mirvac Group Declares Dividend for the Six Months Ending December 31, 2023, Payable on February 29, 2024

Now 21% undervalued after recent price drop

Mirvac Group Announces Management Changes

Mirvac Group (ASX:MGR) and Pacific Equity Partners Secure Assets Fund, L.P. managed by Pacific Equity Partners and Tasman Capital Partners entered into binding agreement to acquire Serenitas Management.

New major risk - Financial position

Full year 2023 earnings released: AU$0.042 loss per share (vs AU$0.23 profit in FY 2022)

Mirvac Group to Report Q1, 2024 Results on Oct 25, 2023

Now 20% undervalued after recent price drop

Upcoming dividend of AU$0.053 per share at 4.5% yield

Mirvac Group Announces Fully Paid Distribution for the Six Months Ended June 30, 2023, Payable on August 31, 2023

Mirvac Group, Annual General Meeting, Nov 16, 2023

Consensus EPS estimates increase by 34%

Independent Non-Executive Chair recently bought AU$66k worth of stock

Independent Non-Executive Director recently bought AU$73k worth of stock

First half 2023 earnings released: EPS: AU$0.055 (vs AU$0.14 in 1H 2022)

Consensus EPS estimates fall by 20%, revenue upgraded

Upcoming dividend of AU$0.052 per share

Independent Non-Executive Director recently bought AU$91k worth of stock

Mirvac Group Declares Dividend for the Six Months Ending December 31, 2022, Payable on February 28, 2023

Independent Non-Executive Director exercised options to buy AU$64k worth of stock.

Mirvac Group Announces CEO Changes

Mirvac Group Announces Retirement Plan of Susan Lloyd-Hurwitz as Chief Executive Officer from June 30, 2023

CEO, MD & Executive Director exercised options to buy AU$192k worth of stock.

Mirvac Group, Annual General Meeting, Nov 18, 2022

CEO, MD & Executive Director exercised options to buy AU$678k worth of stock.

Full year 2022 earnings: EPS and revenues miss analyst expectations

Consensus forecasts updated

Consensus forecasts updated

Upcoming dividend of AU$0.051 per share

Mirvac Group Announces Fully Paid Distribution for the Six Months Ended June 30, 2022, Payable on August 31, 2022

Consensus forecasts updated

Blackstone Reportedly Looks At AMP Capital

Revelop completed the acquisition of Tramsheds in Sydney from Mirvac Group (ASX:MGR).

Consensus EPS estimates increase by 36%

An unknown buyer agreed to acquire Tramsheds and Quay West Carpark in Sydney from Mirvac Group (ASX:MGR).

First half 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Mirvac Group Announces Fully Paid Distribution for the Six Months Ended December 31, 2021, Payable on February 28, 2022

Upcoming dividend of AU$0.051 per share

Independent Non-Executive Director exercised options to buy AU$50k worth of stock.

Price target increased to AU$3.16

CEO, MD & Executive Director recently bought AU$193k worth of stock

CEO, MD & Executive Director recently sold AU$942k worth of stock

CEO, MD & Executive Director exercised options to buy AU$872k worth of stock.

An unknown buyer agreed to acquire Cherrybrook Village in Sydney from Mirvac Group (ASX:MGR) for approximately AUD 130 million.

Full year 2021 earnings released: EPS AU$0.23 (vs AU$0.14 in FY 2020)

Upcoming dividend of AU$0.051 per share

What Type Of Returns Would Mirvac Group's(ASX:MGR) Shareholders Have Earned If They Purchased Their SharesYear Ago?

First half 2021 earnings released: EPS AU$0.10 (vs AU$0.16 in 1H 2020)

Revenue and earnings beat expectations

LOGOS Reportedly Taps Moelis in Bid for Milestone Logistics

New 90-day low: AU$2.36

How Much Is Mirvac Group's (ASX:MGR) CEO Getting Paid?

How Many Mirvac Group (ASX:MGR) Shares Do Institutions Own?

New 90-day high: AU$2.75

Mirvac Group Announces Management Changes

Mirvac Group's (ASX:MGR) Stock Going Strong But Fundamentals Look Weak: What Implications Could This Have On The Stock?

Mirvac Group Announces Director Resignation - Peter Hawkins

Mirvac Group Announces Changes to Operating Structure