ASX:GDI

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Adequate balance sheet with acceptable track record.


Similar Companies

Share Price & News

How has GDI Property Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

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.


Market Performance


7 Day Return

-1.4%

GDI

1.3%

AU REITs

0.3%

AU Market


1 Year Return

-30.5%

GDI

-11.2%

AU REITs

12.5%

AU Market

Return vs Industry: GDI underperformed the Australian REITs industry which returned -11.2% over the past year.

Return vs Market: GDI underperformed the Australian Market which returned 12.5% over the past year.


Shareholder returns

GDIIndustryMarket
7 Day-1.4%1.3%0.3%
30 Day-10.5%-0.7%2.2%
90 Day-10.9%-5.6%4.0%
1 Year-25.9%-30.5%-7.5%-11.2%16.1%12.5%
3 Year-1.7%-17.7%29.0%11.9%31.1%15.1%
5 Year64.4%18.5%43.9%12.3%62.5%31.3%

Long-Term Price Volatility Vs. Market

How volatile is GDI Property Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

28.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GDI (A$1.03) is trading below our estimate of fair value (A$1.44)

Significantly Below Fair Value: GDI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: GDI is poor value based on its PE Ratio (791.5x) compared to the AU REITs industry average (17.6x).

PE vs Market: GDI is poor value based on its PE Ratio (791.5x) compared to the Australian market (20x).


Price to Earnings Growth Ratio

PEG Ratio: GDI is poor value based on its PEG Ratio (12.6x)


Price to Book Ratio

PB vs Industry: GDI is overvalued based on its PB Ratio (27.6x) compared to the AU REITs industry average (1x).


Next Steps

Future Growth

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

63.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GDI's forecast earnings growth (63% per year) is above the savings rate (2%).

Earnings vs Market: GDI's earnings (63% per year) are forecast to grow faster than the Australian market (15.6% per year).

High Growth Earnings: earnings are expected to grow significantly over 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 (6.2%).


Next Steps

Past Performance

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

32.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GDI has high quality earnings.

Growing Profit Margin: GDI became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: GDI has become profitable over the past 5 years, growing earnings by 32.5% per year.

Accelerating Growth: GDI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: GDI has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (-3.1%).


Return on Equity

High ROE: GDI's Return on Equity (2.3%) is considered low.


Next Steps

Financial Health

How is GDI Property Group's financial position?


Financial Position Analysis

Short Term Liabilities: GDI's short term assets (A$128.1M) exceed its short term liabilities (A$27.5M).

Long Term Liabilities: GDI's short term assets (A$128.1M) do not cover its long term liabilities (A$194.1M).


Debt to Equity History and Analysis

Debt Level: GDI's debt to equity ratio (25%) is considered satisfactory.

Reducing Debt: GDI's debt to equity ratio has reduced from 41.9% to 25% over the past 5 years.

Debt Coverage: GDI's debt is not well covered by operating cash flow (18.9%).

Interest Coverage: GDI's interest payments on its debt are well covered by EBIT (5.1x coverage).


Balance Sheet


Next Steps

Dividend

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

7.56%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GDI's dividend (7.56%) is higher than the bottom 25% of dividend payers in the Australian market (2.09%).

High Dividend: GDI's dividend (7.56%) 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 (131.4%), 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 (92.8% payout ratio).


Next Steps

Management

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

3.3yrs

Average board tenure


CEO

Steve Gillard (54 yo)

7.25yrs

Tenure

AU$1,640,067

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 ($USD1.28M) is above average for companies of similar size in the Australian market ($USD723.83K).

Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Steven Gillard
MD & Director7.25yrsAU$1.64m5.6%
A$ 31.5m
Giles Woodgate
Independent Non Executive Director3.33yrsAU$75.00kno data
Gina Nancy Anderson
Independent Chairman2.33yrsAU$150.00k0.015%
A$ 83.2k
John Tuxworth
Independent Non Executive Director4.08yrsAU$75.00k0.031%
A$ 177.1k
Stephen Burns
Independent Non-Executive Director2.33yrsAU$75.00k0.0091%
A$ 51.5k

3.3yrs

Average Tenure

Experienced Board: GDI's board of directors are considered experienced (3.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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 company bio, 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
  • Market Cap: AU$563.711m
  • Shares outstanding: 542.03m
  • Website: https://www.gdi.com.au

Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GDIASX (Australian Securities Exchange)YesStapled SecuritiesAUAUDDec 2013
GDICHIA (Chi-X Australia)YesStapled SecuritiesAUAUDDec 2013

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/04 07:09
End of Day Share Price2021/03/04 00:00
Earnings2020/12/31
Annual Earnings2020/06/30


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.