Goodman Group
Market Cap
AU$31.3b
Last Updated
2021/03/08 07:04 UTC
Data Sources
Company Financials +
Executive Summary
Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Continental Europe, the United Kingdom, North America and Brazil. More Details
Rewards
Risk Analysis
No risks detected for GMG from our risk checks.
Snowflake Analysis
Excellent balance sheet with proven track record and pays a dividend.
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 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.
Market Performance
7 Day Return
-2.0%
GMG
2.3%
AU REITs
-0.1%
AU Market
1 Year Return
17.5%
GMG
-11.5%
AU REITs
12.7%
AU Market
Return vs Industry: GMG exceeded the Australian REITs industry which returned -11.5% over the past year.
Return vs Market: GMG exceeded the Australian Market which returned 12.7% over the past year.
Shareholder returns
| GMG | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.0% | 2.3% | -0.1% |
| 30 Day | -6.3% | -2.5% | -2.2% |
| 90 Day | -8.3% | -6.4% | 1.2% |
| 1 Year | 19.6%17.5% | -7.8%-11.5% | 16.3%12.7% |
| 3 Year | 114.1%100.2% | 26.6%9.8% | 27.6%12.2% |
| 5 Year | 188.9%152.6% | 42.8%11.5% | 59.8%29.0% |
Long-Term 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
With EPS Growth And More, Goodman Group (ASX:GMG) Is Interesting1 month ago | Simply Wall St
Shareholders Of Goodman Group (ASX:GMG) Must Be Happy With Their 235% Total ReturnValuation
Is Goodman Group undervalued compared to its fair value and its price relative to the market?
16.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GMG (A$16.9) is trading below our estimate of fair value (A$20.34)
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 poor value based on its PE Ratio (17.9x) compared to the AU REITs industry average (17.6x).
PE vs Market: GMG is good value based on its PE Ratio (17.9x) compared to the Australian market (19.6x).
Price to Earnings Growth Ratio
PEG Ratio: GMG is poor value based on its PEG Ratio (5.8x)
Price to Book Ratio
PB vs Industry: GMG is overvalued based on its PB Ratio (2.6x) compared to the AU REITs industry average (1x).
Next Steps
Future Growth
How is Goodman Group forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
3.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GMG's forecast earnings growth (3.1% per year) is above the savings rate (2%).
Earnings vs Market: GMG's earnings (3.1% per year) are forecast to grow slower than the Australian market (15.4% per year).
High Growth Earnings: GMG's earnings are forecast to grow, but not significantly.
Revenue vs Market: GMG's revenue (0.8% per year) is forecast to grow slower than the Australian market (5.6% per year).
High Growth Revenue: GMG's revenue (0.8% per year) is forecast to grow slower than 20% 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 (11.5%).
Next Steps
Past Performance
How has Goodman Group performed over the past 5 years?
9.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GMG has high quality earnings.
Growing Profit Margin: GMG's current net profit margins (56.9%) are lower than last year (57.6%).
Past Earnings Growth Analysis
Earnings Trend: GMG's earnings have grown by 9% per year over the past 5 years.
Accelerating Growth: GMG's earnings growth over the past year (15%) exceeds its 5-year average (9% per year).
Earnings vs Industry: GMG earnings growth over the past year (15%) exceeded the REITs industry -1.2%.
Return on Equity
High ROE: GMG's Return on Equity (14.5%) is considered low.
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Financial Health
How is Goodman Group's financial position?
Financial Position Analysis
Short Term Liabilities: GMG's short term assets (A$1.8B) exceed its short term liabilities (A$994.0M).
Long Term Liabilities: GMG's short term assets (A$1.8B) do not cover its long term liabilities (A$2.5B).
Debt to Equity History and Analysis
Debt Level: GMG's debt to equity ratio (17.1%) is considered satisfactory.
Reducing Debt: GMG's debt to equity ratio has reduced from 34.7% to 17.1% over the past 5 years.
Debt Coverage: GMG's debt is well covered by operating cash flow (75.3%).
Interest Coverage: GMG's interest payments on its debt are well covered by EBIT (27.4x coverage).
Balance Sheet
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Dividend
What is Goodman Group current dividend yield, its reliability and sustainability?
1.78%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GMG's dividend (1.78%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.11%).
High Dividend: GMG's dividend (1.78%) is low compared to the top 25% of dividend payers in the Australian market (5.61%).
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 (35.6%), 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 (47.4% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
11.3yrs
Average management tenure
CEO
Greg Goodman (56 yo)
22.58yrs
Tenure
AU$11,994,034
Compensation
Mr. Gregory Leith Goodman, also known as Greg, serves as Chief Executive Officer of Goodman Logistics (HK) Limited. Mr. Goodman has been the Chief Executive Officer of Goodman Limited since July 1995. Mr. ...
CEO Compensation Analysis
Compensation vs Market: Greg's total compensation ($USD9.18M) is above average for companies of similar size in the Australian market ($USD3.44M).
Compensation vs Earnings: Greg's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Director | 22.58yrs | AU$11.99m | 2.12% A$ 662.1m | |
| Group Chief Financial Officer | 12.08yrs | AU$5.07m | no data | |
| Group Chief Risk Officer | no data | AU$3.42m | 0.036% A$ 11.3m | |
| Group Head of Equities | 13.17yrs | AU$4.48m | 0.027% A$ 8.5m | |
| Deputy Group CEO | 8.17yrs | AU$6.49m | 0.065% A$ 20.5m | |
| Executive Director of Corporate & Director | 8.17yrs | AU$5.48m | 0.088% A$ 27.7m | |
| Head of Group Stakeholder Relations | no data | AU$1.02m | no data | |
| Group Head of Legal & Company Secretary | 3.92yrs | no data | no data | |
| Head of Group Corporate Communications | no data | no data | no data | |
| Group General Manager of Marketing & Communications | 15.17yrs | no data | no data | |
| Group General Manager of Human Resources | 10.58yrs | no data | no data | |
| Head of Asia | 4.58yrs | no data | no data |
11.3yrs
Average Tenure
51yo
Average Age
Experienced Management: GMG's management team is seasoned and experienced (11.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Director | 22.58yrs | AU$11.99m | 2.12% A$ 662.1m | |
| Deputy Group CEO | 8.17yrs | AU$6.49m | 0.065% A$ 20.5m | |
| Executive Director of Corporate & Director | 8.17yrs | AU$5.48m | 0.088% A$ 27.7m | |
| Independent Chairman of the Board | 0.33yr | AU$305.00k | 0.0022% A$ 679.1k | |
| Independent Director | 10.42yrs | AU$380.36k | 0.0032% A$ 1.0m | |
| Independent Director | 3.08yrs | AU$280.00k | 0.0013% A$ 419.4k | |
| Independent Director | 8.92yrs | AU$295.00k | 0.0023% A$ 729.2k | |
| Independent Director | 0.75yr | AU$21.25k | 0.00027% A$ 84.5k | |
| Independent Director | 1.92yrs | AU$255.00k | 0.0043% A$ 1.3m |
8.2yrs
Average Tenure
56yo
Average Age
Experienced Board: GMG's board of directors are considered experienced (8.2 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
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$31.295b
- Shares outstanding: 1.85b
- Website: https://www.goodman.com
Number of Employees
Location
- Goodman Group
- The Hayesbery
- 1-11 Hayes Road
- Rosebery
- New South Wales
- 2018
- 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, Continental Europe, the United Kingdom, North America and Brazil. Goodman Group, comprised of the stap...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/08 07:04 |
| End of Day Share Price | 2021/03/08 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/06/30 |
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.