The GPT Group is one of Australia’s largest diversified property groups and a top 50 ASX listed company by market capitalisation.
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Undervalued second-rate dividend payer.
Share Price & News
How has GPT Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GPT's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: GPT underperformed the Australian REITs industry which returned -34.6% over the past year.
Return vs Market: GPT underperformed the Australian Market which returned -18.8% over the past year.
Price Volatility Vs. Market
How volatile is GPT Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 weeks ago | Simply Wall StTrade Alert: The Non-Executive Director Of GPT Group (ASX:GPT), Tracey Horton, Has Just Spent AU$58k Buying Shares
1 month ago | Simply Wall StDo Directors Own GPT Group (ASX:GPT) Shares?
8 months ago | Simply Wall StWhat Kind Of Shareholder Appears On The GPT Group's (ASX:GPT) Shareholder Register?
Is GPT Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GPT (A$3.63) is trading below our estimate of fair value (A$7.4)
Significantly Below Fair Value: GPT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GPT is good value based on its PE Ratio (7.7x) compared to the REITs industry average (9.1x).
PE vs Market: GPT is good value based on its PE Ratio (7.7x) compared to the Australian market (12.9x).
Price to Earnings Growth Ratio
PEG Ratio: GPT's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: GPT is good value based on its PB Ratio (0.6x) compared to the AU REITs industry average (0.8x).
How is GPT Group forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GPT's earnings are forecast to decline over the next 3 years (-4.5% per year).
Earnings vs Market: GPT's earnings are forecast to decline over the next 3 years (-4.5% per year).
High Growth Earnings: GPT's earnings are forecast to decline over the next 3 years.
Revenue vs Market: GPT's revenue (3.1% per year) is forecast to grow slower than the Australian market (4% per year).
High Growth Revenue: GPT's revenue (3.1% 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%).
How has GPT Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GPT has a large one-off gain of A$322.9M impacting its December 31 2019 financial results.
Growing Profit Margin: GPT's current net profit margins are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: GPT's earnings have grown by 8.4% per year over the past 5 years.
Accelerating Growth: GPT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GPT had negative earnings growth (-38.7%) over the past year, making it difficult to compare to the REITs industry average (1.7%).
Return on Equity
High ROE: GPT's Return on Equity (7.8%) is considered low.
How is GPT Group's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: GPT has a high level of physical assets or inventory.
Debt Coverage by Assets: GPT's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: GPT's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if GPT has a sufficient allowance for bad loans.
Low Risk Liabilities: GPT reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if GPT has an acceptable proportion of non-loan assets held.
Low Risk Deposits: GPT has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if GPT has an appropriate level of bad loans.
What is GPT Group's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GPT's dividend (7.37%) is higher than the bottom 25% of dividend payers in the Australian market (3.22%).
High Dividend: GPT's dividend (7.37%) is low compared to the top 25% of dividend payers in the Australian market (8.38%).
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 fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (79.2%), GPT's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GPT's dividends in 3 years are forecast to be thoroughly covered by earnings (0.04% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bob Johnston (57yo)
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 ($USD2.33M) is about average for companies of similar size in the Australian market ($USD2.57M).
Compensation vs Earnings: Bob's compensation has been consistent with company performance over the past year.
|CEO, MD & Director||4.58yrs||AU$3.79m||0.087% A$6.1m|
|Chief Financial Officer||4.42yrs||AU$1.95m||0.021% A$1.5m|
|Chief Operating Officer||4.42yrs||AU$1.91m||0.060% A$4.2m|
|Head of Investor Relations & Corporate Affairs||no data||no data||no data|
|General Counsel & Company Secretary||16.25yrs||AU$1.07m||no data|
|Head of Office & Logistics||4.42yrs||AU$1.22m||no data|
|Head of Funds Management||4.33yrs||AU$1.70m||no data|
|Head of Retail||1yr||no data||no data|
|Chief Risk Officer||1yr||no data||no data|
|Senior Legal Counsel & Company Secretary||4.58yrs||no data||no data|
Experienced Management: GPT's management team is considered experienced (4.3 years average tenure).
|CEO, MD & Director||4.58yrs||AU$3.79m||0.087% A$6.1m|
|Non-Executive Director||0.92yr||AU$145.30k||0.00090% A$63.6k|
|Non-Executive Director||9.92yrs||AU$217.91k||0.0026% A$185.3k|
|Non- Executive Director||1.42yrs||AU$210.38k||0.0013% A$91.2k|
|Chairman of the Board||1.92yrs||AU$430.00k||0.0040% A$281.4k|
|Non-Executive Director||0.50yr||AU$42.50k||0.0015% A$108.9k|
|Non-Executive Director||4.33yrs||AU$227.00k||0.0019% A$132.9k|
Experienced Board: GPT's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: GPT insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.1%.
GPT Group's company bio, employee growth, exchange listings and data sources
- Name: GPT Group
- Ticker: GPT
- Exchange: ASX
- Founded: 1971
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: AU$7.071b
- Shares outstanding: 1.95b
- Website: https://www.gpt.com.au
- GPT Group
- MLC Centre
- Level 51
- New South Wales
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GPT||ASX (Australian Securities Exchange)||Yes||Stapled Securities||AU||AUD||Nov 1980|
|GPTG.F||OTCPK (Pink Sheets LLC)||Yes||Stapled Securities||US||USD||Nov 1980|
|46T||DB (Deutsche Boerse AG)||Yes||Stapled Securities||DE||EUR||Nov 1980|
|GPT||CHIA (Chi-X Australia)||Yes||Stapled Securities||AU||AUD||Nov 1980|
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 $24.8 billion portfolio of retail, office and logistics property assets across Australia. The Group has a substantial investor base with more than 32,000 shareholders.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/01 10:34|
|End of Day Share Price||2020/04/01 00:00|
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.