Goodman Group
Market Cap
AU$26.0b
Last Updated
2019/12/11 10:32 UTC
Data Sources
Company Financials +
Executive Summary
Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom, North America and Brazil.
Rewards
Risk Analysis
No risks detected for GMG from our risk checks.
Snowflake Analysis
Solid track record and fair value.
Similar Companies
Share Price & News
How has Goodman Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GMG has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0%
GMG
1.1%
AU REITs
2.0%
AU Market
1 Year Return
28.9%
GMG
13.8%
AU REITs
18.2%
AU Market
Return vs Industry: GMG exceeded the Australian REITs industry which returned 13.8% over the past year.
Return vs Market: GMG exceeded the Australian Market which returned 18.2% over the past year.
Shareholder returns
| GMG | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 1.1% | 2.0% |
| 30 Day | -1.3% | -0.01% | -0.7% |
| 90 Day | 3.6% | 1.3% | 0.7% |
| 1 Year | 31.9%28.9% | 19.5%13.8% | 24.1%18.2% |
| 3 Year | 123.2%104.3% | 46.4%25.2% | 36.0%17.3% |
| 5 Year | 188.7%145.9% | 94.4%50.7% | 64.1%27.1% |
Price Volatility Vs. Market
How volatile is Goodman Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Does Goodman Group (ASX:GMG) Have A Place In Your Dividend Portfolio?1 month ago | Simply Wall St
If You Had Bought Goodman Group (ASX:GMG) Stock Five Years Ago, You Could Pocket A 158% Gain Today2 months ago | Simply Wall St
Should You Be Excited About Goodman Group's (ASX:GMG) 15% Return On Equity?Valuation
Is Goodman Group undervalued compared to its fair value and its price relative to the market?
19.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GMG (A$14.24) is trading below our estimate of fair value (A$17.65)
Significantly Below Fair Value: GMG is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: GMG is good value based on its PE Ratio (15.8x) compared to the REITs industry average (15.9x).
PE vs Market: GMG is good value based on its PE Ratio (15.8x) compared to the Australian market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: GMG is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: GMG is overvalued based on its PB Ratio (2.5x) compared to the AU REITs industry average (1.2x).
Next Steps
Future Growth
How is Goodman Group forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
7.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GMG's forecast earnings growth (7.9% per year) is above the savings rate (1.1%).
Earnings vs Market: GMG's earnings (7.9% per year) are forecast to grow slower than the Australian market (9.3% per year).
High Growth Earnings: GMG's earnings are forecast to grow, but not significantly.
Revenue vs Market: GMG's revenue is expected to decline over the next 3 years (-6% per year).
High Growth Revenue: GMG's revenue is forecast to decline over the next 3 years (-6% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GMG's Return on Equity is forecast to be low in 3 years time (10.9%).
Next Steps
Past Performance
How has Goodman Group performed over the past 5 years?
5.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GMG has high quality earnings.
Growing Profit Margin: GMG's current net profit margins (57.1%) are higher than last year (44%).
Past Earnings Growth Analysis
Earnings Trend: GMG's earnings have grown by 5.3% per year over the past 5 years.
Accelerating Growth: GMG's earnings growth over the past year (48.2%) exceeds its 5-year average (5.3% per year).
Earnings vs Industry: GMG earnings growth over the past year (48.2%) exceeded the REITs industry -16.4%.
Return on Equity
High ROE: GMG's Return on Equity (15.5%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Goodman Group's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: GMG has a low level of unsold assets or inventory.
Debt Coverage by Assets: GMG's debt is not covered by short term assets (assets are 0.8x debt).
Financial Institutions Analysis
Asset Level: GMG's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if GMG has a sufficient allowance for bad loans.
Low Risk Liabilities: GMG reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if GMG has an acceptable proportion of non-loan assets held.
Low Risk Deposits: GMG has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if GMG has an appropriate level of bad loans.
Next Steps
Dividend
What is Goodman Group's current dividend yield, its reliability and sustainability?
2.11%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: GMG's dividend (2.11%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.44%).
High Dividend: GMG's dividend (2.11%) is low compared to the top 25% of dividend payers in the Australian market (5.54%).
Stability and Growth of Payments
Stable Dividend: GMG's dividend payments have been volatile in the past 10 years.
Growing Dividend: GMG's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (63.9%), GMG's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GMG's dividends in 3 years are forecast to be thoroughly covered by earnings (0.03% payout ratio).
Next Steps
Management
What is the CEO of Goodman Group's salary, the management and board of directors tenure and is there insider trading?
11.4yrs
Average management tenure
CEO
Greg Goodman (56yo)
21.3yrs
Tenure
AU$12,800,759
Compensation
Mr. Gregory Leith Goodman, also known as Greg, serves as Chief Executive Officer of Goodman Logistics (HK) Limited. Mr. Goodman has been the Chief Executive Officer of Goodman Limited since July 1995. Mr. ...
CEO Compensation Analysis
Compensation vs Market: Greg's total compensation ($USD8.72M) is above average for companies of similar size in the Australian market ($USD3.82M).
Compensation vs Earnings: Greg's compensation has been consistent with company performance over the past year.
Management Age and Tenure
11.4yrs
Average Tenure
50yo
Average Age
Experienced Management: GMG's management team is seasoned and experienced (11.4 years average tenure).
Board Age and Tenure
6.9yrs
Average Tenure
56yo
Average Age
Experienced Board: GMG's board of directors are considered experienced (6.9 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 31,252,100 |
| Max Price | AU$15.63 |
| Entity | Company |
| Shares | 16,363,219 |
| Max Price | AU$16.07 |
| Entity | Company |
| Shares | 86,721,630 |
| Max Price | AU$15.56 |
| Entity | Company |
| Shares | 55,433,171 |
| Max Price | AU$15.53 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 41,000 |
| Max Price | AU$14.91 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,129 |
| Max Price | AU$14.99 |
| Entity | Individual |
| Role | Chairman of the Board Independent Chairman |
| Shares | 2,343 |
| Max Price | AU$14.99 |
| Entity | Individual |
| Shares | 5,000 |
| Max Price | AU$13.40 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,778 |
| Max Price | AU$13.36 |
| Entity | Individual |
| Role | Chairman of the Board Independent Chairman |
| Shares | 3,687 |
| Max Price | AU$13.36 |
| Entity | Individual |
| Role | Chief Executive Officer Group CEO & Director |
| Shares | 400,000 |
| Max Price | AU$12.68 |
| Entity | Individual |
| Role | Member of the Board of Directors Executive Director of Corporate & Director |
| Shares | 650,000 |
| Max Price | AU$12.77 |
| Entity | Company |
| Shares | 9,104,709 |
| Max Price | AU$11.97 |
| Entity | Company |
| Shares | 48,896,617 |
| Max Price | AU$11.15 |
| Entity | Company |
| Shares | 28,600,895 |
| Max Price | AU$10.98 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Michael O'Sullivan (52yo)
Chief Risk Officer
- Tenure: 0yrs
- Compensation: AU$3.65m
Anthony Rozic (50yo)
Deputy Group CEO
- Tenure: 6.9yrs
- Compensation: AU$4.59m
Greg Goodman (56yo)
Group CEO & Director
- Tenure: 21.3yrs
- Compensation: AU$12.80m
Nick Kurtis (44yo)
Group Head of Equities
- Tenure: 11.9yrs
- Compensation: AU$5.65m
James Inwood (47yo)
Head of Group Stakeholder Relations
- Tenure: 0yrs
- Compensation: AU$1.02m
Carl Bicego (49yo)
Group Head of Legal & Company Secretary
- Tenure: 2.7yrs
Danny Peeters (51yo)
Executive Director of Corporate & Director
- Tenure: 6.9yrs
- Compensation: AU$3.46m
Alison Brink (50yo)
Group General Manager of Marketing & Communications
- Tenure: 13.9yrs
Nick Vrondas (49yo)
Group Chief Financial Officer
- Tenure: 10.8yrs
- Compensation: AU$5.65m
Michelle Chaperon
Head of Group Corporate Communications
- Tenure: 0yrs
Board Members
Stephen Johns (72yo)
Independent Director
- Tenure: 1.9yrs
- Compensation: AU$305.00k
Phil Pryke (68yo)
Independent Director
- Tenure: 9.2yrs
- Compensation: AU$379.38k
Ian Ferrier (78yo)
Independent Chairman
- Tenure: 11.1yrs
- Compensation: AU$625.00k
Anthony Rozic (50yo)
Deputy Group CEO
- Tenure: 6.9yrs
- Compensation: AU$4.59m
Greg Goodman (56yo)
Group CEO & Director
- Tenure: 21.3yrs
- Compensation: AU$12.80m
Penny Winn
Independent Director
- Tenure: 1.8yrs
- Compensation: AU$280.00k
Danny Peeters (51yo)
Executive Director of Corporate & Director
- Tenure: 6.9yrs
- Compensation: AU$3.46m
Rebecca McGrath (54yo)
Independent Director
- Tenure: 7.7yrs
- Compensation: AU$295.00k
Chris Green
Independent Director
- Tenure: 0.7yrs
- Compensation: AU$46.24k
Company Information
Goodman Group's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Goodman Group
- Ticker: GMG
- Exchange: ASX
- Founded: 2001
- Industry: Industrial REITs
- Sector: Real Estate
- Market Cap: AU$26.037b
- Shares outstanding: 1.83b
- Website: https://www.goodman.com
Number of Employees
Location
- Goodman Group
- 60 Castlereagh Street
- Level 17
- Sydney
- New South Wales
- 2000
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GMG | ASX (Australian Securities Exchange) | Yes | Stapled Securities | AU | AUD | Feb 2005 |
| MY4 | DB (Deutsche Boerse AG) | Yes | Stapled Securities | DE | EUR | Feb 2005 |
| GMGS.F | OTCPK (Pink Sheets LLC) | Yes | Stapled Securities | US | USD | Feb 2005 |
| GMG | CHIA (Chi-X Australia) | Yes | Stapled Securities | AU | AUD | Feb 2005 |
Biography
Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom, North America and Brazil. Goodman Group, comprised of the stapled entities ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/11 10:32 |
| End of Day Share Price | 2019/12/11 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/06/30 |
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.