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Growthpoint Properties Australia

Market Cap

AU$2.8b

Last Updated

2021/04/13 08:31 UTC

Data Sources

Company Financials +

Executive Summary

Growthpoint provides spaces for people to thrive. More Details


Snowflake Analysis

Established dividend payer and fair value.


Similar Companies

Share Price & News

How has Growthpoint Properties Australia's share price performed over time and what events caused price changes?


Latest Share Price and Events

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

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


Market Performance


7 Day Return

3.7%

GOZ

1.7%

AU REITs

2.2%

AU Market


1 Year Return

26.8%

GOZ

26.5%

AU REITs

36.3%

AU Market

Return vs Industry: GOZ underperformed the Australian REITs industry which returned 27.8% over the past year.

Return vs Market: GOZ underperformed the Australian Market which returned 37.1% over the past year.


Shareholder returns

GOZIndustryMarket
7 Day3.7%1.7%2.2%
30 Day12.0%5.9%3.2%
90 Day13.4%4.7%4.6%
1 Year34.2%26.8%31.5%26.5%40.5%36.3%
3 Year30.9%10.0%35.1%17.3%34.3%18.2%
5 Year55.5%14.8%46.3%14.3%64.5%32.5%

Long-Term Price Volatility Vs. Market

How volatile is Growthpoint Properties Australia's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Growthpoint Properties Australia undervalued compared to its fair value and its price relative to the market?

10.17x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GOZ (A$3.66) is trading above our estimate of fair value (A$3.12)

Significantly Below Fair Value: GOZ is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GOZ is good value based on its PE Ratio (10.2x) compared to the AU REITs industry average (18.4x).

PE vs Market: GOZ is good value based on its PE Ratio (10.2x) compared to the Australian market (20.5x).


Price to Earnings Growth Ratio

PEG Ratio: GOZ's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: GOZ is good value based on its PB Ratio (1x) compared to the AU REITs industry average (1.1x).


Future Growth

How is Growthpoint Properties Australia forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

-4.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GOZ's earnings are forecast to decline over the next 3 years (-4% per year).

Earnings vs Market: GOZ's earnings are forecast to decline over the next 3 years (-4% per year).

High Growth Earnings: GOZ's earnings are forecast to decline over the next 3 years.

Revenue vs Market: GOZ's revenue (2.4% per year) is forecast to grow slower than the Australian market (5.7% per year).

High Growth Revenue: GOZ's revenue (2.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GOZ's Return on Equity is forecast to be low in 3 years time (6.4%).


Past Performance

How has Growthpoint Properties Australia performed over the past 5 years?

6.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GOZ has a large one-off gain of A$77.6M impacting its December 31 2020 financial results.

Growing Profit Margin: GOZ's current net profit margins (92.9%) are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: GOZ's earnings have grown by 6.4% per year over the past 5 years.

Accelerating Growth: GOZ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: GOZ had negative earnings growth (-28.9%) over the past year, making it difficult to compare to the REITs industry average (-1.2%).


Return on Equity

High ROE: GOZ's Return on Equity (9.3%) is considered low.


Financial Health

How is Growthpoint Properties Australia's financial position?


Financial Position Analysis

Short Term Liabilities: GOZ's short term assets (A$42.7M) do not cover its short term liabilities (A$123.6M).

Long Term Liabilities: GOZ's short term assets (A$42.7M) do not cover its long term liabilities (A$1.5B).


Debt to Equity History and Analysis

Debt Level: GOZ's debt to equity ratio (46.7%) is considered high.

Reducing Debt: GOZ's debt to equity ratio has reduced from 68.3% to 46.7% over the past 5 years.

Debt Coverage: GOZ's debt is not well covered by operating cash flow (11.8%).

Interest Coverage: GOZ's interest payments on its debt are well covered by EBIT (4.9x coverage).


Balance Sheet


Dividend

What is Growthpoint Properties Australia current dividend yield, its reliability and sustainability?

5.99%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GOZ's dividend (5.96%) is higher than the bottom 25% of dividend payers in the Australian market (1.99%).

High Dividend: GOZ's dividend (5.96%) is in the top 25% of dividend payers in the Australian market (5.31%)


Stability and Growth of Payments

Stable Dividend: GOZ's dividend payments have been volatile in the past 10 years.

Growing Dividend: GOZ's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (84.7%), GOZ's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GOZ's dividends in 3 years are forecast to be covered by earnings (79.8% payout ratio).


Next Steps

Management

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

5.1yrs

Average management tenure


CEO

Tim Collyer (52 yo)

10.75yrs

Tenure

AU$2,038,391

Compensation

Mr. Timothy James Collyer, also known as Tim, B.Bus (Prop), Grad Dip Fin & Inv, AAPI, F Fin, MAICD serves as a Managing Director of Growthpoint Properties Australia since July 12, 2010. Mr. Collyer serves ...


CEO Compensation Analysis

Compensation vs Market: Tim's total compensation ($USD1.55M) is about average for companies of similar size in the Australian market ($USD1.25M).

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


Leadership Team

Experienced Management: GOZ's management team is seasoned and experienced (5.1 years average tenure).


Board Members

Experienced Board: GOZ's board of directors are seasoned and experienced ( 11.2 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: GOZ 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

Growthpoint Properties Australia's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Growthpoint Properties Australia
  • Ticker: GOZ
  • Exchange: ASX
  • Founded: 2006
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Market Cap: AU$2.825b
  • Shares outstanding: 771.78m
  • Website: https://www.growthpoint.com.au

Number of Employees


Location

  • Growthpoint Properties Australia
  • 35 Collins Street
  • Level 31
  • Melbourne
  • Victoria
  • 3000
  • Australia

Listings


Biography

Growthpoint provides spaces for people to thrive. For more than 10 years, we’ve been investing in high-quality industrial and office properties across Australia. Today, we own and manage 58 properties, val...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/13 08:31
End of Day Share Price2021/04/13 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.