| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 5/6 |
| Dividends | 4/6 |
GMG Stock Overview
Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Continental Europe, the United Kingdom, North America and Brazil.
Goodman Group Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$22.94 |
| 52 Week High | AU$26.96 |
| 52 Week Low | AU$16.37 |
| Beta | 0.43 |
| 1 Month Change | -12.64% |
| 3 Month Change | 5.28% |
| 1 Year Change | 29.60% |
| 3 Year Change | 95.73% |
| 5 Year Change | 231.50% |
| Change since IPO | 11.09% |
Recent News & Updates
Do Goodman Group's (ASX:GMG) Earnings Warrant Your Attention?
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
Shareholder Returns
| GMG | AU REITs | AU Market | |
|---|---|---|---|
| 7D | -3.4% | -1.7% | 0.5% |
| 1Y | 29.6% | 18.4% | 10.3% |
Return vs Industry: GMG exceeded the Australian REITs industry which returned 19.5% over the past year.
Return vs Market: GMG exceeded the Australian Market which returned 10.4% over the past year.
Price Volatility
| GMG volatility | |
|---|---|
| GMG Average Weekly Movement | 3.4% |
| REITs Industry Average Movement | 3.2% |
| Market Average Movement | 8.4% |
| 10% most volatile stocks in AU Market | 15.2% |
| 10% least volatile stocks in AU Market | 3.6% |
Stable Share Price: GMG is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: GMG's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2001 | 941 | Greg Goodman | https://www.goodman.com |
Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Continental Europe, the United Kingdom, North America and Brazil. Goodman Group, comprised of the stapled entities Goodman Limited, Goodman Industrial Trust and Goodman Logistics (HK) Limited, is the largest industrial property group listed on the Australian Securities Exchange and one of the largest listed specialist investment managers of industrial property and business space globally. Goodman’s global property expertise, integrated own+develop+manage customer service offering and significant investment management platform ensures it creates innovative property solutions that meet the individual requirements of its customers, while seeking to deliver long-term returns for investors.
Goodman Group Fundamentals Summary
| GMG fundamental statistics | |
|---|---|
| Market Cap | AU$42.86b |
| Earnings (TTM) | AU$2.31b |
| Revenue (TTM) | AU$3.70b |
18.5x
P/E Ratio11.6x
P/S RatioIs GMG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GMG income statement (TTM) | |
|---|---|
| Revenue | AU$3.70b |
| Cost of Revenue | AU$895.10m |
| Gross Profit | AU$2.80b |
| Expenses | AU$490.20m |
| Earnings | AU$2.31b |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Feb 17, 2022
| Earnings per share (EPS) | 1.24 |
| Gross Margin | 75.79% |
| Net Profit Margin | 62.53% |
| Debt/Equity Ratio | 15.7% |
How did GMG perform over the long term?
See historical performance and comparisonDividends
1.3%
Current Dividend Yield49%
Payout RatioValuation
Is Goodman Group undervalued compared to its fair value and its price relative to the market?
35.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GMG (A$22.94) is trading below our estimate of fair value (A$35.44)
Significantly Below Fair Value: GMG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GMG is poor value based on its PE Ratio (18.5x) compared to the Australian REITs industry average (9.8x).
PE vs Market: GMG is good value based on its PE Ratio (18.5x) compared to the Australian market (19.3x).
Price to Earnings Growth Ratio
PEG Ratio: GMG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: GMG is overvalued based on its PB Ratio (3.3x) compared to the AU REITs industry average (1.2x).
Future Growth
How is Goodman Group forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
-1.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GMG's earnings are forecast to decline over the next 3 years (-1.4% per year).
Earnings vs Market: GMG's earnings are forecast to decline over the next 3 years (-1.4% per year).
High Growth Earnings: GMG's earnings are forecast to decline over the next 3 years.
Revenue vs Market: GMG's revenue is expected to decline over the next 3 years (-14.6% per year).
High Growth Revenue: GMG's revenue is forecast to decline over the next 3 years (-14.6% 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 (12.9%).
Past Performance
How has Goodman Group performed over the past 5 years?
17.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GMG has high quality earnings.
Growing Profit Margin: GMG's current net profit margins (62.5%) are higher than last year (59.4%).
Past Earnings Growth Analysis
Earnings Trend: GMG's earnings have grown by 17.4% per year over the past 5 years.
Accelerating Growth: GMG's earnings growth over the past year (53.7%) exceeds its 5-year average (17.4% per year).
Earnings vs Industry: GMG earnings growth over the past year (53.7%) underperformed the REITs industry 106.4%.
Return on Equity
High ROE: GMG's Return on Equity (17.6%) is considered low.
Financial Health
How is Goodman Group's financial position?
Financial Position Analysis
Short Term Liabilities: GMG's short term assets (A$1.6B) exceed its short term liabilities (A$1.0B).
Long Term Liabilities: GMG's short term assets (A$1.6B) do not cover its long term liabilities (A$2.7B).
Debt to Equity History and Analysis
Debt Level: GMG's net debt to equity ratio (8.7%) is considered satisfactory.
Reducing Debt: GMG's debt to equity ratio has reduced from 34.1% to 15.7% over the past 5 years.
Debt Coverage: GMG's debt is well covered by operating cash flow (54.1%).
Interest Coverage: GMG's interest payments on its debt are well covered by EBIT (1866.1x coverage).
Balance Sheet
Dividend
What is Goodman Group current dividend yield, its reliability and sustainability?
1.31%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GMG's dividend (1.31%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.18%).
High Dividend: GMG's dividend (1.31%) is low compared to the top 25% of dividend payers in the Australian market (5.39%).
Stability and Growth of Payments
Stable Dividend: GMG's dividends per share have been stable in the past 10 years.
Growing Dividend: GMG's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (49.5%), GMG's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GMG's dividends in 3 years are forecast to be well covered by earnings (35.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
13.5yrs
Average management tenure
CEO
Greg Goodman (58 yo)
23.42yrs
Tenure
AU$13,378,601
Compensation
Mr. Gregory Leith Goodman, also known as Greg, serves as Chief Executive Officer of Goodman Logistics (HK) Limited. Mr. Goodman has been the Chief Executive Officer of Goodman Limited since July 1995. Mr....
CEO Compensation Analysis
Compensation vs Market: Greg's total compensation ($USD9.67M) is above average for companies of similar size in the Australian market ($USD3.67M).
Compensation vs Earnings: Greg's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: GMG's management team is seasoned and experienced (13.5 years average tenure).
Board Members
Experienced Board: GMG's board of directors are considered experienced (9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: GMG insiders have only sold shares 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
Goodman Group's employee growth, exchange listings and data sources
Key Information
- Name: Goodman Group
- Ticker: GMG
- Exchange: ASX
- Founded: 2001
- Industry: Industrial REITs
- Sector: Real Estate
- Implied Market Cap: AU$42.857b
- Shares outstanding: 1.87b
- Website: https://www.goodman.com
Number of Employees
Location
- Goodman Group
- The Hayesbery
- 1-11 Hayes Road
- Rosebery
- New South Wales
- 2018
- Australia
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/17 16:16 |
| End of Day Share Price | 2022/01/17 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/06/30 |
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.