Growthpoint Properties Australia

ASX:GOZ Stock Report

Mkt Cap: AU$2.5b

We’ve recently updated our valuation analysis.

Growthpoint Properties Australia Valuation

Is GOZ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GOZ?

Other financial metrics that can be useful for relative valuation.

GOZ key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue14x
Enterprise Value/EBITDA18.4x
PEG Ratio-0.4x

Price to Earnings Ratio vs Peers

How does GOZ's PE Ratio compare to its peers?

GOZ PE Ratio vs Peers
The above table shows the PE ratio for GOZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average6.4x
ABP Abacus Property Group
4.5x-19.4%AU$2.3b
GPT GPT Group
6.5x-1.0%AU$7.7b
MGR Mirvac Group
8.8x13.0%AU$8.0b
SGP Stockland
5.6x-14.3%AU$8.0b
GOZ Growthpoint Properties Australia
5.4x-14.6%AU$2.5b

Price-To-Earnings vs Peers: GOZ is good value based on its Price-To-Earnings Ratio (5.4x) compared to the peer average (6.4x).


Price to Earnings Ratio vs Industry

How does GOZ's PE Ratio compare vs other companies in the AU REITs Industry?

Price-To-Earnings vs Industry: GOZ is good value based on its Price-To-Earnings Ratio (5.4x) compared to the Australian REITs industry average (6.5x)


Price to Earnings Ratio vs Fair Ratio

What is GOZ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GOZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.4x
Fair PE Ratio9.1x

Price-To-Earnings vs Fair Ratio: GOZ is good value based on its Price-To-Earnings Ratio (5.4x) compared to the estimated Fair Price-To-Earnings Ratio (9.1x).


Share Price vs Fair Value

What is the Fair Price of GOZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GOZ (A$3.21) is trading below our estimate of fair value (A$7.68)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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