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GDI

GDI Property GroupASX:GDI Stock Report

Last Price

AU$1.07

Market Cap

AU$576.5m

7D

-1.4%

1Y

-6.1%

Updated

22 Jan, 2022

Data

Company Financials +
GDI fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance0/6
Financial Health5/6
Dividends3/6

GDI Stock Overview

GDI Property Group (GDI) is an ASX listed property owner and fund manager.

GDI Property Group Competitors

Dexus

ASX:DXS

AU$11.5b

Australian Unity Office Fund

ASX:AOF

AU$374.8m

Elanor Commercial Property Fund

ASX:ECF

AU$306.7m

GPT Group

ASX:GPT

AU$10.0b

Price History & Performance

Summary of all time highs, changes and price drops for GDI Property Group
Historical stock prices
Current Share PriceAU$1.07
52 Week HighAU$1.23
52 Week LowAU$1.01
Beta0.77
1 Month Change-7.76%
3 Month Change-7.76%
1 Year Change-6.14%
3 Year Change-22.18%
5 Year Change8.63%
Change since IPO20.90%

Recent News & Updates

Shareholder Returns

GDIAU REITsAU Market
7D-1.4%-2.9%-2.8%
1Y-6.1%15.1%5.8%

Return vs Industry: GDI underperformed the Australian REITs industry which returned 15.1% over the past year.

Return vs Market: GDI underperformed the Australian Market which returned 5.8% over the past year.

Price Volatility

Is GDI's price volatile compared to industry and market?
GDI volatility
GDI Average Weekly Movement3.3%
REITs Industry Average Movement3.2%
Market Average Movement8.6%
10% most volatile stocks in AU Market15.4%
10% least volatile stocks in AU Market3.7%

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

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

About the Company

FoundedEmployeesCEOWebsite
n/an/aSteve Gillardhttps://www.gdi.com.au

GDI Property Group (GDI) is an ASX listed property owner and fund manager. We have a proud history of delivering strong returns to investors for over 25 years. Our Board and employees are passionate about property and about funds management.

GDI Property Group Fundamentals Summary

How do GDI Property Group's earnings and revenue compare to its market cap?
GDI fundamental statistics
Market CapAU$576.49m
Earnings (TTM)-AU$1.43m
Revenue (TTM)AU$54.81m

10.5x

P/S Ratio

-403.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GDI income statement (TTM)
RevenueAU$54.81m
Cost of RevenueAU$20.73m
Gross ProfitAU$34.08m
ExpensesAU$35.52m
Earnings-AU$1.43m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0027
Gross Margin62.19%
Net Profit Margin-2.61%
Debt/Equity Ratio27.4%

How did GDI perform over the long term?

See historical performance and comparison

Dividends

7.2%

Current Dividend Yield

159%

Payout Ratio

Valuation

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

16.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GDI (A$1.07) is trading below our estimate of fair value (A$1.28)

Significantly Below Fair Value: GDI is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: GDI is unprofitable, so we can't compare its PE Ratio to the Australian REITs industry average.

PE vs Market: GDI is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GDI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GDI is overvalued based on its PB Ratio (30.1x) compared to the AU REITs industry average (1.1x).


Future Growth

How is GDI Property Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

52.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GDI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

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

High Growth Earnings: GDI's is expected to become profitable in the next 3 years.

Revenue vs Market: Insufficient data to determine if GDI's revenue is forecast to grow faster than the Australian market.

High Growth Revenue: Insufficient data to determine if GDI's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GDI's Return on Equity is forecast to be low in 3 years time (7.5%).


Past Performance

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

17.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GDI is currently unprofitable.

Growing Profit Margin: GDI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GDI is unprofitable, but has reduced losses over the past 5 years at a rate of 17.5% per year.

Accelerating Growth: Unable to compare GDI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GDI is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (106.4%).


Return on Equity

High ROE: GDI has a negative Return on Equity (3.02%), as it is currently unprofitable.


Financial Health

How is GDI Property Group's financial position?


Financial Position Analysis

Short Term Liabilities: GDI's short term assets (A$124.3M) exceed its short term liabilities (A$26.3M).

Long Term Liabilities: GDI's short term assets (A$124.3M) do not cover its long term liabilities (A$209.4M).


Debt to Equity History and Analysis

Debt Level: GDI's net debt to equity ratio (25.9%) is considered satisfactory.

Reducing Debt: GDI's debt to equity ratio has reduced from 54.3% to 27.4% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable GDI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: GDI is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 6.5% per year.


Dividend

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

7.24%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GDI's dividend (7.24%) is higher than the bottom 25% of dividend payers in the Australian market (2.25%).

High Dividend: GDI's dividend (7.24%) is in the top 25% of dividend payers in the Australian market (5.52%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, GDI has been paying a dividend for less than 10 years.

Growing Dividend: GDI's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (159.2%), GDI's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GDI's dividends in 3 years are forecast to be covered by earnings (73.6% payout ratio).


Next Steps

Management

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

5.8yrs

Average management tenure


CEO

Steve Gillard (55 yo)

8.08yrs

Tenure

AU$1,661,722

Compensation

Mr. Steven Neville Gillard, also known as Steve, has been Managing Director of GDI Property Group since December 16, 2013 and has been its Director since November 5, 2013. Mr. Gillard has over 34 years’ ex...


CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD1.20M) is above average for companies of similar size in the Australian market ($USD751.45K).

Compensation vs Earnings: Steve's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: GDI's management team is seasoned and experienced (5.8 years average tenure).


Board Members

Experienced Board: GDI's board of directors are considered experienced (4.9 years average tenure).


Ownership

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


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: GDI Property Group
  • Ticker: GDI
  • Exchange: ASX
  • Founded: NaN
  • Industry: Office REITs
  • Sector: Real Estate
  • Implied Market Cap: AU$576.493m
  • Shares outstanding: 538.78m
  • Website: https://www.gdi.com.au

Location

  • GDI Property Group
  • 56 Pitt Street
  • Level 23
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/22 07:02
End of Day Share Price2022/01/21 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.