| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 2/6 |
| Dividends | 3/6 |
GOZ Stock Overview
Growthpoint provides spaces for people to thrive.
Growthpoint Properties Australia Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$3.74 |
| 52 Week High | AU$4.48 |
| 52 Week Low | AU$3.31 |
| Beta | 0.90 |
| 1 Month Change | 5.06% |
| 3 Month Change | -1.58% |
| 1 Year Change | -4.84% |
| 3 Year Change | -14.22% |
| 5 Year Change | 17.61% |
| Change since IPO | -60.63% |
Recent News & Updates
Shareholder Returns
| GOZ | AU REITs | AU Market | |
|---|---|---|---|
| 7D | -0.5% | -0.9% | 1.0% |
| 1Y | -4.8% | -7.9% | -7.9% |
Return vs Industry: GOZ exceeded the Australian REITs industry which returned -7.9% over the past year.
Return vs Market: GOZ exceeded the Australian Market which returned -7.9% over the past year.
Price Volatility
| GOZ volatility | |
|---|---|
| GOZ Average Weekly Movement | 3.7% |
| REITs Industry Average Movement | 4.1% |
| Market Average Movement | 10.6% |
| 10% most volatile stocks in AU Market | 17.5% |
| 10% least volatile stocks in AU Market | 4.7% |
Stable Share Price: GOZ is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: GOZ's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2006 | 33 | Tim Collyer | https://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
| GOZ fundamental statistics | |
|---|---|
| Market Cap | AU$2.89b |
| Earnings (TTM) | AU$721.70m |
| Revenue (TTM) | AU$290.90m |
4.0x
P/E Ratio9.9x
P/S RatioIs GOZ overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GOZ income statement (TTM) | |
|---|---|
| Revenue | AU$290.90m |
| Cost of Revenue | AU$45.00m |
| Gross Profit | AU$245.90m |
| Other Expenses | -AU$475.80m |
| Earnings | AU$721.70m |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
Aug 16, 2022
| Earnings per share (EPS) | 0.94 |
| Gross Margin | 84.53% |
| Net Profit Margin | 248.09% |
| Debt/Equity Ratio | 44.4% |
How did GOZ perform over the long term?
See historical performance and comparisonDividends
5.6%
Current Dividend Yield75%
Payout RatioValuation
Is GOZ undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
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.
| What is GOZ's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | AU$2.89b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 15.5x |
| Enterprise Value/EBITDA | 20.1x |
| PEG Ratio | -0.3x |
Price to Earnings Ratio vs Peers
How does GOZ's PE Ratio compare to its peers?
| GOZ PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 15.5x | ||
ABP Abacus Property Group | 4.8x | -8.7% | AU$2.6b |
GPT GPT Group | 5.9x | -13.6% | AU$8.4b |
SGP Stockland | 5.8x | -17.2% | AU$9.2b |
CNI Centuria Capital Group | 45.5x | 15.3% | AU$1.5b |
GOZ Growthpoint Properties Australia | 4x | -12.1% | AU$2.9b |
Price-To-Earnings vs Peers: GOZ is good value based on its Price-To-Earnings Ratio (4x) compared to the peer average (15.5x).
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 (4x) compared to the Australian REITs industry average (6.8x)
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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 4x |
| Fair PE Ratio | 9.8x |
Price-To-Earnings vs Fair Ratio: GOZ is good value based on its Price-To-Earnings Ratio (4x) compared to the estimated Fair Price-To-Earnings Ratio (9.8x).
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$3.74) is trading below our estimate of fair value (A$7.45)
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 less than 20% higher than the current share price.
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Future Growth
How is Growthpoint Properties Australia forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
-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 (1.4% per year) is forecast to grow slower than the Australian market (5.7% per year).
High Growth Revenue: GOZ's revenue (1.4% 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 (5.6%).
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Past Performance
How has Growthpoint Properties Australia performed over the past 5 years?
Past Performance Score
4/6Past Performance Score 4/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
14.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GOZ has a large one-off gain of A$541.6M impacting its December 31 2021 financial results.
Growing Profit Margin: GOZ's current net profit margins are higher than last year (92.9%).
Past Earnings Growth Analysis
Earnings Trend: GOZ's earnings have grown by 14.2% per year over the past 5 years.
Accelerating Growth: GOZ's earnings growth over the past year (161.6%) exceeds its 5-year average (14.2% per year).
Earnings vs Industry: GOZ earnings growth over the past year (161.6%) underperformed the REITs industry 182.6%.
Return on Equity
High ROE: GOZ's Return on Equity (20.5%) is considered high.
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Financial Health
How is Growthpoint Properties Australia's financial position?
Financial Health Score
2/6Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: GOZ's short term assets (A$48.9M) do not cover its short term liabilities (A$169.1M).
Long Term Liabilities: GOZ's short term assets (A$48.9M) do not cover its long term liabilities (A$1.6B).
Debt to Equity History and Analysis
Debt Level: GOZ's net debt to equity ratio (43.2%) is considered high.
Reducing Debt: GOZ's debt to equity ratio has reduced from 79.3% to 44.4% over the past 5 years.
Debt Coverage: GOZ's debt is not well covered by operating cash flow (9.6%).
Interest Coverage: GOZ's interest payments on its debt are well covered by EBIT (5.1x coverage).
Balance Sheet
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Dividend
What is Growthpoint Properties Australia current dividend yield, its reliability and sustainability?
Dividend Score
3/6Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
5.56%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GOZ's dividend (5.56%) is higher than the bottom 25% of dividend payers in the Australian market (2.62%).
High Dividend: GOZ's dividend (5.56%) is low compared to the top 25% of dividend payers in the Australian market (6.24%).
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.
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (75.4%), GOZ's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (107.4%), GOZ's dividend payments are not well covered by cash flows.
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Management
How experienced are the management team and are they aligned to shareholders interests?
6.4yrs
Average management tenure
CEO
Tim Collyer (54 yo)
12.08yrs
Tenure
AU$2,008,871
Compensation
Mr. Timothy James Collyer, also known as Tim, B.Bus (Prop), Grad Dip Fin & Inv, AAPI, F Fin, MAICD serves as a Managing Director of Growthpoint Properties Australia since July 12, 2010. Mr. Collyer serves...
CEO Compensation Analysis
Compensation vs Market: Tim's total compensation ($USD1.38M) is about average for companies of similar size in the Australian market ($USD1.58M).
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 (6.4 years average tenure).
Board Members
Experienced Board: GOZ's board of directors are seasoned and experienced ( 12.5 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$2.886b
- Shares outstanding: 771.67m
- 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/07 00:00 |
| End of Day Share Price | 2022/08/05 00:00 |
| Earnings | 2021/12/31 |
| 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.