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GDF

Garda Property GroupASX:GDF Stock Report

Market Cap

AU$348.5m

7D

4.3%

1Y

41.3%

Updated

19 Oct, 2021

Data

Company Financials +
GDF fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance4/6
Financial Health2/6
Dividends3/6

GDF Overview

Garda Diversified Property Fund is a real estate investment trust externally managed by Garda Capital Group.

Garda Property Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Garda Property Group
Historical stock prices
Current Share PriceAU$1.58
52 Week HighAU$1.09
52 Week LowAU$1.58
Beta0.65
1 Month Change6.06%
3 Month Change20.23%
1 Year Change41.26%
3 Year Change26.51%
5 Year Change53.66%
Change since IPO53.66%

Recent News & Updates

Shareholder Returns

GDFAU REITsAU Market
7D4.3%1.9%1.7%
1Y41.3%20.1%20.3%

Return vs Industry: GDF exceeded the Australian REITs industry which returned 20.1% over the past year.

Return vs Market: GDF exceeded the Australian Market which returned 20.3% over the past year.

Price Volatility

Is GDF's price volatile compared to industry and market?
GDF volatility
GDF Beta0.65
Industry Beta0.86
Market Beta1

Stable Share Price: GDF is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: GDF's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aMatthew Madsenhttps://www.gardaproperty.com.au/gdf-investor-centre/company-overview/

Garda Diversified Property Fund is a real estate investment trust externally managed by Garda Capital Group. It invests in real estate markets of Australia. The fund intends to invest in commercial offices in city and suburban markets as well as industrial facilities along the eastern seaboard of Australia.

Garda Property Group Fundamentals Summary

How do Garda Property Group's earnings and revenue compare to its market cap?
GDF fundamental statistics
Market CapAU$348.52m
Earnings (TTM)AU$35.69m
Revenue (TTM)AU$30.71m

9.9x

P/E Ratio

11.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GDF income statement (TTM)
RevenueAU$30.71m
Cost of RevenueAU$6.81m
Gross ProfitAU$23.89m
Expenses-AU$11.79m
EarningsAU$35.69m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.16
Gross Margin77.81%
Net Profit Margin116.22%
Debt/Equity Ratio69.2%

How did GDF perform over the long term?

See historical performance and comparison

Dividends

4.6%

Current Dividend Yield

93%

Payout Ratio

Valuation

Is Garda Property Group undervalued compared to its fair value and its price relative to the market?

9.86x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GDF (A$1.58) is trading above our estimate of fair value (A$1.55)

Significantly Below Fair Value: GDF is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GDF is poor value based on its PE Ratio (9.9x) compared to the Australian REITs industry average (9.4x).

PE vs Market: GDF is good value based on its PE Ratio (9.9x) compared to the Australian market (19.9x).


Price to Earnings Growth Ratio

PEG Ratio: GDF's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: GDF's PB Ratio (1.2x) is in line with the AU REITs industry average.


Future Growth

How is Garda Property Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-7.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GDF's earnings are forecast to decline over the next 3 years (-7.1% per year).

Earnings vs Market: GDF's earnings are forecast to decline over the next 3 years (-7.1% per year).

High Growth Earnings: GDF's earnings are forecast to decline over the next 3 years.

Revenue vs Market: GDF's revenue is expected to decline over the next 3 years (-0.9% per year).

High Growth Revenue: GDF's revenue is forecast to decline over the next 3 years (-0.9% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GDF's Return on Equity is forecast to be low in 3 years time (5.1%).


Past Performance

How has Garda Property Group performed over the past 5 years?

0.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GDF has a large one-off gain of A$18.0M impacting its June 30 2021 financial results.

Growing Profit Margin: GDF's current net profit margins are higher than last year (18.7%).


Past Earnings Growth Analysis

Earnings Trend: GDF's earnings have grown by 0.6% per year over the past 5 years.

Accelerating Growth: GDF's earnings growth over the past year (541.1%) exceeds its 5-year average (0.6% per year).

Earnings vs Industry: GDF earnings growth over the past year (541.1%) exceeded the REITs industry 106.4%.


Return on Equity

High ROE: GDF's Return on Equity (11.8%) is considered low.


Financial Health

How is Garda Property Group's financial position?


Financial Position Analysis

Short Term Liabilities: GDF's short term assets (A$29.9M) exceed its short term liabilities (A$7.4M).

Long Term Liabilities: GDF's short term assets (A$29.9M) do not cover its long term liabilities (A$209.5M).


Debt to Equity History and Analysis

Debt Level: GDF's debt to equity ratio (69.2%) is considered high.

Reducing Debt: GDF's debt to equity ratio has increased from 44.1% to 69.2% over the past 5 years.

Debt Coverage: GDF's debt is not well covered by operating cash flow (5.6%).

Interest Coverage: GDF's interest payments on its debt are well covered by EBIT (121.9x coverage).


Balance Sheet


Dividend

What is Garda Property Group current dividend yield, its reliability and sustainability?

4.57%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GDF's dividend (4.57%) is higher than the bottom 25% of dividend payers in the Australian market (2.27%).

High Dividend: GDF's dividend (4.57%) is low compared to the top 25% of dividend payers in the Australian market (5.28%).


Stability and Growth of Payments

Stable Dividend: GDF has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: GDF's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (92.9%), GDF's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GDF's dividends in 3 years are forecast to be covered by earnings (89.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure


CEO

Matthew Madsen (48 yo)

10.08yrs

Tenure

AU$1,244,430

Compensation

Mr. Matthew Madsen, DipFin DipFinMrkt MAICD, has been Executive Chairman of GARDA Capital Limited, a Manager of Garda Property Group since January 23, 2017. He serves as Managing Director of GARDA Capital...


CEO Compensation Analysis

Compensation vs Market: Matthew's total compensation ($USD922.28K) is above average for companies of similar size in the Australian market ($USD549.23K).

Compensation vs Earnings: Matthew's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: GDF's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: GDF's board of directors are considered experienced (3.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: GDF insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.3%.


Top Shareholders

Company Information

Garda Property Group's employee growth, exchange listings and data sources


Key Information


Location

  • Garda Property Group
  • 12 Creek Street
  • Level 21
  • Brisbane
  • Queensland
  • 4000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 07:02
End of Day Share Price2021/10/19 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.