Garda Diversified Property Fund is a real estate investment trust externally managed by Garda Capital Group.
Undervalued with limited growth.
Share Price & News
How has Garda Property Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GDF's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: GDF matched the Australian REITs industry which returned -31.7% over the past year.
Return vs Market: GDF underperformed the Australian Market which returned -19.4% over the past year.
Price Volatility Vs. Market
How volatile is Garda Property Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StInsider Buying: The Garda Property Group (ASX:GDF) Executive Director of Garda Capital Limited Just Bought AU$223k Worth Of Shares
2 months ago | Simply Wall StUpdate: Garda Property Group (ASX:GDF) Stock Gained 33% In The Last Three Years
3 months ago | Simply Wall StDo Insiders Own Lots Of Shares In Garda Property Group (ASX:GDF)?
Is Garda Property Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GDF (A$0.92) is trading below our estimate of fair value (A$1.58)
Significantly Below Fair Value: GDF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GDF is poor value based on its PE Ratio (9.6x) compared to the REITs industry average (9.2x).
PE vs Market: GDF is good value based on its PE Ratio (9.6x) compared to the Australian market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: GDF is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: GDF is good value based on its PB Ratio (0.7x) compared to the AU REITs industry average (0.8x).
How is Garda Property Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GDF's forecast earnings growth (17.6% per year) is above the savings rate (1.1%).
Earnings vs Market: GDF's earnings (17.6% per year) are forecast to grow faster than the Australian market (9.7% per year).
High Growth Earnings: GDF's earnings are forecast to grow, but not significantly.
Revenue vs Market: GDF's revenue (2.7% per year) is forecast to grow slower than the Australian market (4% per year).
High Growth Revenue: GDF's revenue (2.7% per year) is forecast to grow slower than 20% 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 (7%).
How has Garda Property Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GDF has high quality earnings.
Growing Profit Margin: GDF's current net profit margins (45.6%) are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: GDF has become profitable over the past 5 years, growing earnings by 39% per year.
Accelerating Growth: GDF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GDF had negative earnings growth (-50.2%) over the past year, making it difficult to compare to the REITs industry average (1.7%).
Return on Equity
High ROE: GDF's Return on Equity (5.9%) is considered low.
How is Garda Property Group's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: GDF has a high level of physical assets or inventory.
Debt Coverage by Assets: GDF's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: GDF's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if GDF has a sufficient allowance for bad loans.
Low Risk Liabilities: GDF reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if GDF has an acceptable proportion of non-loan assets held.
Low Risk Deposits: GDF has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if GDF has an appropriate level of bad loans.
What is Garda Property Group's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GDF's dividend (9.78%) is higher than the bottom 25% of dividend payers in the Australian market (3.17%).
High Dividend: GDF's dividend (9.78%) is in the top 25% of dividend payers in the Australian market (8.18%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, GDF has been paying a dividend for less than 10 years.
Growing Dividend: GDF's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (125.6%), GDF's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GDF's dividends in 3 years are not forecast to be well covered by earnings (100.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Matthew Madsen (46yo)
Mr. Matthew Madsen, DipFin DipFinMrkt MAICD, has been Executive Chairman of GARDA Capital Limited, a Manager of Garda Property Group since January 31, 2017. He serves as Managing Director of GARDA Capital ...
|Executive Chairman & MD of Garda Capital Limited||8.58yrs||no data||4.41% A$8.2m|
|Chief Operating Officer||1.08yrs||no data||no data|
|Manager of Investor Relations - Garda Capital Group||no data||no data||no data|
|General Counsel & Company Secretary of Garda Capital Limited||6.25yrs||no data||no data|
|Head of Property - Garda Capital Group||2.83yrs||no data||no data|
|Financial Controller||0.67yr||no data||no data|
|Asset Manager of Garda Capital Group||3.08yrs||no data||no data|
Experienced Management: GDF's management team is considered experienced (3 years average tenure).
|Executive Chairman & MD of Garda Capital Limited||8.58yrs||no data||4.41% A$8.2m|
|Independent Director of Garda Capital Limited||1.33yrs||no data||no data|
|Non-Executive Director||0.083yr||no data||0.0017% A$3.1k|
|Independent Non-Executive Director||0.083yr||no data||no data|
|Executive Director of Garda Capital Limited||9.25yrs||no data||7.25% A$13.4m|
|Non-Executive Director of Garda Capital Limited||4.92yrs||no data||0.11% A$195.2k|
Experienced Board: GDF's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 15.6%.
Garda Property Group's company bio, employee growth, exchange listings and data sources
- Name: Garda Property Group
- Ticker: GDF
- Exchange: ASX
- Industry: Office REITs
- Sector: Real Estate
- Market Cap: AU$185.170m
- Shares outstanding: 205.74m
- Website: https://www.gardaproperty.com.au/gdf-investor-centre/company-overview/
- Garda Property Group
- 12 Creek Street
- Level 21
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GDF||ASX (Australian Securities Exchange)||Yes||Ordinary Units||AU||AUD||Jul 2015|
|GDF||CHIA (Chi-X Australia)||Yes||Ordinary Units||AU||AUD||Jul 2015|
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 Diversified Property is domiciled in Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/01 11:02|
|End of Day Share Price||2020/04/01 00:00|
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.