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GPT

GPT GroupASX:GPT Stock Report

Market Cap

AU$10.3b

7D

3.7%

1Y

13.1%

Updated

28 Nov, 2021

Data

Company Financials +
GPT fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance3/6
Financial Health2/6
Dividends4/6

GPT Stock Overview

The GPT Group is one of Australia’s largest diversified property groups and a top 50 ASX listed company by market capitalisation.

GPT Group Competitors

Mirvac Group

ASX:MGR

AU$11.4b

Stockland

ASX:SGP

AU$10.6b

Charter Hall Group

ASX:CHC

AU$8.9b

Growthpoint Properties Australia

ASX:GOZ

AU$3.2b

Price History & Performance

Summary of all time highs, changes and price drops for GPT Group
Historical stock prices
Current Share PriceAU$5.36
52 Week HighAU$5.42
52 Week LowAU$4.04
Beta0.80
1 Month Change3.88%
3 Month Change11.20%
1 Year Change13.08%
3 Year Change1.71%
5 Year Change13.08%
Change since IPO-57.96%

Recent News & Updates

Feb 25
Independent Non-Executive Director Robert Whitfield Just Bought A Handful Of Shares In GPT Group (ASX:GPT)

Independent Non-Executive Director Robert Whitfield Just Bought A Handful Of Shares In GPT Group (ASX:GPT)

Even if it's not a huge purchase, we think it was good to see that Robert Whitfield, the Independent Non-Executive...

Feb 16
GPT Group Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

GPT Group Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

GPT Group ( ASX:GPT ) just released its latest yearly results and things are looking bullish. It was a decent earnings...

Shareholder Returns

GPTAU REITsAU Market
7D3.7%0.7%-1.6%
1Y13.1%16.9%11.8%

Return vs Industry: GPT underperformed the Australian REITs industry which returned 16.9% over the past year.

Return vs Market: GPT exceeded the Australian Market which returned 11.8% over the past year.

Price Volatility

Is GPT's price volatile compared to industry and market?
GPT volatility
GPT Average Weekly Movement2.3%
REITs Industry Average Movement3.0%
Market Average Movement8.3%
10% most volatile stocks in AU Market15.8%
10% least volatile stocks in AU Market3.7%

Stable Share Price: GPT is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: GPT's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1971500Bob Johnstonhttps://www.gpt.com.au

The GPT Group is one of Australia’s largest diversified property groups and a top 50 ASX listed company by market capitalisation. GPT owns and manages a $25.3 billion portfolio of retail, office and logistics property assets across Australia. The Group has a substantial investor base with more than 32,000 shareholders.

GPT Group Fundamentals Summary

How do GPT Group's earnings and revenue compare to its market cap?
GPT fundamental statistics
Market CapAU$10.27b
Earnings (TTM)AU$1.07b
Revenue (TTM)AU$742.00m

9.6x

P/E Ratio

13.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GPT income statement (TTM)
RevenueAU$742.00m
Cost of RevenueAU$254.10m
Gross ProfitAU$487.90m
Expenses-AU$579.90m
EarningsAU$1.07b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.56
Gross Margin65.75%
Net Profit Margin143.91%
Debt/Equity Ratio37.6%

How did GPT perform over the long term?

See historical performance and comparison

Dividends

4.2%

Current Dividend Yield

72%

Payout Ratio

Valuation

Is GPT Group undervalued compared to its fair value and its price relative to the market?

21.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GPT (A$5.36) is trading below our estimate of fair value (A$6.78)

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


Price To Earnings Ratio

PE vs Industry: GPT's PE Ratio (9.6x) is in line with the Australian REITs industry average.

PE vs Market: GPT is good value based on its PE Ratio (9.6x) compared to the Australian market (18.7x).


Price to Earnings Growth Ratio

PEG Ratio: GPT is poor value based on its PEG Ratio (16.8x)


Price to Book Ratio

PB vs Industry: GPT is good value based on its PB Ratio (0.9x) compared to the AU REITs industry average (1.2x).


Future Growth

How is GPT Group forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

0.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GPT's forecast earnings growth (0.6% per year) is below the savings rate (1.9%).

Earnings vs Market: GPT's earnings (0.6% per year) are forecast to grow slower than the Australian market (11.6% per year).

High Growth Earnings: GPT's earnings are forecast to grow, but not significantly.

Revenue vs Market: GPT's revenue (7.5% per year) is forecast to grow faster than the Australian market (5.2% per year).

High Growth Revenue: GPT's revenue (7.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GPT's Return on Equity is forecast to be low in 3 years time (5.8%).


Past Performance

How has GPT Group performed over the past 5 years?

-22.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GPT has a large one-off gain of A$471.9M impacting its June 30 2021 financial results.

Growing Profit Margin: GPT's current net profit margins are higher than last year (0.9%).


Past Earnings Growth Analysis

Earnings Trend: GPT's earnings have declined by 22.1% per year over the past 5 years.

Accelerating Growth: GPT's earnings growth over the past year (15154.3%) exceeds its 5-year average (-22.1% per year).

Earnings vs Industry: GPT earnings growth over the past year (15154.3%) exceeded the REITs industry 106.4%.


Return on Equity

High ROE: GPT's Return on Equity (9.5%) is considered low.


Financial Health

How is GPT Group's financial position?


Financial Position Analysis

Short Term Liabilities: GPT's short term assets (A$317.1M) do not cover its short term liabilities (A$776.8M).

Long Term Liabilities: GPT's short term assets (A$317.1M) do not cover its long term liabilities (A$3.7B).


Debt to Equity History and Analysis

Debt Level: GPT's net debt to equity ratio (36.9%) is considered satisfactory.

Reducing Debt: GPT's debt to equity ratio has increased from 37.5% to 37.6% over the past 5 years.

Debt Coverage: GPT's debt is not well covered by operating cash flow (13.7%).

Interest Coverage: GPT's interest payments on its debt are well covered by EBIT (4.7x coverage).


Balance Sheet


Dividend

What is GPT Group current dividend yield, its reliability and sustainability?

4.20%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GPT's dividend (4.2%) is higher than the bottom 25% of dividend payers in the Australian market (2.33%).

High Dividend: GPT's dividend (4.2%) is low compared to the top 25% of dividend payers in the Australian market (5.55%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (71.6%), GPT's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GPT'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?

6.0yrs

Average management tenure


CEO

Bob Johnston (59 yo)

6.17yrs

Tenure

AU$2,024,800

Compensation

Mr. Robert William Johnston, also known as Bob, B. Eng (Electrical) (Honours 1), serves as Chief Executive, Managing Director and Executive Director at GPT RE Limited since September 9, 2015. He has been t...


CEO Compensation Analysis

Compensation vs Market: Bob's total compensation ($USD1.44M) is below average for companies of similar size in the Australian market ($USD2.25M).

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


Leadership Team

Experienced Management: GPT's management team is seasoned and experienced (6 years average tenure).


Board Members

Experienced Board: GPT's board of directors are considered experienced (3 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

GPT Group's employee growth, exchange listings and data sources


Key Information

  • Name: GPT Group
  • Ticker: GPT
  • Exchange: ASX
  • Founded: 1971
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Market Cap: AU$10.267b
  • Shares outstanding: 1.92b
  • Website: https://www.gpt.com.au

Number of Employees


Location

  • GPT Group
  • MLC Centre
  • Level 51
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/28 07:04
End of Day Share Price2021/11/26 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.