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GOZ

Growthpoint Properties AustraliaASX:GOZ Stock Report

Last Price

AU$3.91

Market Cap

AU$3.1b

7D

-6.7%

1Y

19.6%

Updated

25 Jan, 2022

Data

Company Financials +
GOZ fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance3/6
Financial Health2/6
Dividends4/6

GOZ Stock Overview

Growthpoint provides spaces for people to thrive.

Growthpoint Properties Australia Competitors

Mirvac Group

ASX:MGR

AU$10.9b

GPT Group

ASX:GPT

AU$9.9b

Stockland

ASX:SGP

AU$9.7b

Charter Hall Group

ASX:CHC

AU$8.4b

Price History & Performance

Summary of all time highs, changes and price drops for Growthpoint Properties Australia
Historical stock prices
Current Share PriceAU$3.91
52 Week HighAU$4.48
52 Week LowAU$2.97
Beta0.85
1 Month Change-10.32%
3 Month Change-6.68%
1 Year Change19.57%
3 Year Change1.82%
5 Year Change26.13%
Change since IPO-58.84%

Recent News & Updates

Mar 05
Estienne de Klerk Is The Non-Executive Director of Growthpoint Properties Australia (ASX:GOZ) And They Just Picked Up 2.9% More Shares

Estienne de Klerk Is The Non-Executive Director of Growthpoint Properties Australia (ASX:GOZ) And They Just Picked Up 2.9% More Shares

Investors who take an interest in Growthpoint Properties Australia ( ASX:GOZ ) should definitely note that the...

Shareholder Returns

GOZAU REITsAU Market
7D-6.7%-1.6%-3.8%
1Y19.6%16.4%4.6%

Return vs Industry: GOZ exceeded the Australian REITs industry which returned 16.4% over the past year.

Return vs Market: GOZ exceeded the Australian Market which returned 4.6% over the past year.

Price Volatility

Is GOZ's price volatile compared to industry and market?
GOZ volatility
GOZ Average Weekly Movement2.6%
REITs Industry Average Movement3.2%
Market Average Movement8.6%
10% most volatile stocks in AU Market15.4%
10% least volatile stocks in AU Market3.6%

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.

About the Company

FoundedEmployeesCEOWebsite
200633Tim Collyerhttps://www.growthpoint.com.au

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, valued at approximately $4.2 billion.4 We actively manage our portfolio.

Growthpoint Properties Australia Fundamentals Summary

How do Growthpoint Properties Australia's earnings and revenue compare to its market cap?
GOZ fundamental statistics
Market CapAU$3.08b
Earnings (TTM)AU$553.20m
Revenue (TTM)AU$288.70m

5.5x

P/E Ratio

10.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GOZ income statement (TTM)
RevenueAU$288.70m
Cost of RevenueAU$45.70m
Gross ProfitAU$243.00m
Expenses-AU$310.20m
EarningsAU$553.20m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Feb 17, 2022

Earnings per share (EPS)0.72
Gross Margin84.17%
Net Profit Margin191.62%
Debt/Equity Ratio41.5%

How did GOZ perform over the long term?

See historical performance and comparison

Dividends

5.3%

Current Dividend Yield

78%

Payout Ratio

Valuation

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

42.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GOZ (A$3.91) is trading below our estimate of fair value (A$6.8)

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


Price To Earnings Ratio

PE vs Industry: GOZ is good value based on its PE Ratio (5.5x) compared to the Australian REITs industry average (9.6x).

PE vs Market: GOZ is good value based on its PE Ratio (5.5x) compared to the Australian market (18.4x).


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 (0.9x) compared to the AU REITs industry average (1.2x).


Future Growth

How is Growthpoint Properties Australia forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

-12.1%

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 (-12.1% per year).

Earnings vs Market: GOZ's earnings are forecast to decline over the next 3 years (-12.1% per year).

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

Revenue vs Market: GOZ's revenue (1.1% per year) is forecast to grow slower than the Australian market (4.6% per year).

High Growth Revenue: GOZ's revenue (1.1% 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 (5.2%).


Past Performance

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

9.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GOZ has a large one-off gain of A$384.3M impacting its June 30 2021 financial results.

Growing Profit Margin: GOZ's current net profit margins are higher than last year (94.7%).


Past Earnings Growth Analysis

Earnings Trend: GOZ's earnings have grown by 9.6% per year over the past 5 years.

Accelerating Growth: GOZ's earnings growth over the past year (103.3%) exceeds its 5-year average (9.6% per year).

Earnings vs Industry: GOZ earnings growth over the past year (103.3%) underperformed the REITs industry 106.4%.


Return on Equity

High ROE: GOZ's Return on Equity (17.2%) 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$39.6M) do not cover its short term liabilities (A$113.9M).

Long Term Liabilities: GOZ's short term assets (A$39.6M) do not cover its long term liabilities (A$1.4B).


Debt to Equity History and Analysis

Debt Level: GOZ's net debt to equity ratio (40.5%) is considered high.

Reducing Debt: GOZ's debt to equity ratio has reduced from 82.6% to 41.5% over the past 5 years.

Debt Coverage: GOZ's debt is not well covered by operating cash flow (11.3%).

Interest Coverage: GOZ's interest payments on its debt are well covered by EBIT (4.8x coverage).


Balance Sheet


Dividend

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

5.32%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GOZ's dividend (5.32%) is higher than the bottom 25% of dividend payers in the Australian market (2.28%).

High Dividend: GOZ's dividend (5.32%) is low compared to the top 25% of dividend payers in the Australian market (5.59%).


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 (77.9%), 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 (78.1% payout ratio).


Next Steps

Management

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

5.8yrs

Average management tenure


CEO

Tim Collyer (53 yo)

11.5yrs

Tenure

AU$2,008,871

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 ($USD1.43M) is about average for companies of similar size in the Australian market ($USD1.40M).

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 (5.8 years average tenure).


Board Members

Experienced Board: GOZ's board of directors are seasoned and experienced ( 12 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

Growthpoint Properties Australia's 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
  • Implied Market Cap: AU$3.081b
  • Shares outstanding: 772.06m
  • Website: https://www.growthpoint.com.au

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/25 07:01
End of Day Share Price2022/01/25 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.