GPT Group
Market Cap
AU$8.6b
Last Updated
2021/01/18 07:01 UTC
Data Sources
Company Financials +
Executive Summary
The GPT Group is one of Australia’s largest diversified property groups and a top 50 ASX listed company by market capitalisation. More Details
Rewards
Risk Analysis
Snowflake Analysis
Fair value second-rate dividend payer.
Similar Companies
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 is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: GPT's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-0.7%
GPT
-1.3%
AU REITs
-0.3%
AU Market
1 Year Return
-26.5%
GPT
-13.9%
AU REITs
-1.6%
AU Market
Return vs Industry: GPT underperformed the Australian REITs industry which returned -13.9% over the past year.
Return vs Market: GPT underperformed the Australian Market which returned -1.6% over the past year.
Shareholder returns
| GPT | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.7% | -1.3% | -0.3% |
| 30 Day | -4.8% | -3.4% | 1.5% |
| 90 Day | 5.6% | 3.7% | 9.2% |
| 1 Year | -24.7%-26.5% | -10.5%-13.9% | 1.7%-1.6% |
| 3 Year | -2.3%-13.0% | 25.8%9.2% | 26.2%10.7% |
| 5 Year | 12.9%-8.4% | 53.3%19.9% | 68.7%35.5% |
Long-Term 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
6 days ago | Simply Wall St
Need To Know: GPT Group (ASX:GPT) Insiders Have Been Buying Shares1 month ago | Simply Wall St
Our Take On GPT Group's (ASX:GPT) CEO Salary2 months ago | Simply Wall St
How Much Did GPT Group's(ASX:GPT) Shareholders Earn From Share Price Movements Over The Last Year?Valuation
Is GPT Group undervalued compared to its fair value and its price relative to the market?
20.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GPT (A$4.36) is trading below our estimate of fair value (A$5.46)
Significantly Below Fair Value: GPT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GPT is poor value based on its PE Ratio (1023.2x) compared to the AU REITs industry average (18x).
PE vs Market: GPT is poor value based on its PE Ratio (1023.2x) compared to the Australian market (22.6x).
Price to Earnings Growth Ratio
PEG Ratio: GPT is poor value based on its PEG Ratio (91.9x)
Price to Book Ratio
PB vs Industry: GPT is good value based on its PB Ratio (0.8x) compared to the AU REITs industry average (1.1x).
Next Steps
Future Growth
How is GPT Group forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
11.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GPT's forecast earnings growth (11.1% per year) is above the savings rate (2%).
Earnings vs Market: GPT's earnings (11.1% per year) are forecast to grow slower than the Australian market (18.1% per year).
High Growth Earnings: GPT's earnings are forecast to grow, but not significantly.
Revenue vs Market: GPT's revenue (4.2% per year) is forecast to grow slower than the Australian market (5.1% per year).
High Growth Revenue: GPT's revenue (4.2% 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 (5.5%).
Next Steps
Past Performance
How has GPT Group performed over the past 5 years?
-4.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GPT has a large one-off loss of A$236.6M impacting its June 30 2020 financial results.
Growing Profit Margin: GPT's current net profit margins (1.1%) are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: GPT's earnings have declined by 4.4% 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 (-99.2%) over the past year, making it difficult to compare to the REITs industry average (-0.4%).
Return on Equity
High ROE: GPT's Return on Equity (0.08%) is considered low.
Next Steps
Financial Health
How is GPT Group's financial position?
Financial Position Analysis
Short Term Liabilities: GPT's short term assets (A$316.8M) do not cover its short term liabilities (A$353.9M).
Long Term Liabilities: GPT's short term assets (A$316.8M) do not cover its long term liabilities (A$4.5B).
Debt to Equity History and Analysis
Debt Level: GPT's debt to equity ratio (43%) is considered high.
Reducing Debt: GPT's debt to equity ratio has increased from 41.1% to 43% over the past 5 years.
Debt Coverage: GPT's debt is not well covered by operating cash flow (11.8%).
Interest Coverage: GPT's interest payments on its debt are well covered by EBIT (4.4x coverage).
Balance Sheet
Next Steps
Dividend
What is GPT Group current dividend yield, its reliability and sustainability?
4.27%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GPT's dividend (4.27%) is higher than the bottom 25% of dividend payers in the Australian market (2.11%).
High Dividend: GPT's dividend (4.27%) is low compared to the top 25% of dividend payers in the Australian market (5.03%).
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 (91.5%), GPT's 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 (78.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.2yrs
Average management tenure
CEO
Bob Johnston (58 yo)
5.33yrs
Tenure
AU$3,789,034
Compensation
Mr. Robert William Johnston, also known as Bob, B. Eng (Electrical) (Honours 1), serves as Chief Executive, Managing Director and Executive Director at GPT RE Limited since September 9, 2015. He has been t...
CEO Compensation Analysis
Compensation vs Market: Bob's total compensation ($USD2.92M) is about average for companies of similar size in the Australian market ($USD2.56M).
Compensation vs Earnings: Bob's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | 5.33yrs | AU$3.79m | 0.087% A$ 7.4m | |
| Chief Financial Officer | 5.08yrs | AU$1.95m | no data | |
| Chief Operating Officer | 5.17yrs | AU$1.91m | no data | |
| Head of Investor Relations & Corporate Affairs | no data | no data | no data | |
| General Counsel & Company Secretary | 17yrs | AU$1.07m | no data | |
| Head of Office & Logistics | 5.17yrs | AU$1.22m | no data | |
| Head of Funds Management | 5.08yrs | AU$1.70m | no data | |
| Head of Retail | 1.75yrs | no data | no data | |
| Chief Risk Officer | 1.75yrs | no data | no data | |
| Senior Legal Counsel & Company Secretary | 5.33yrs | no data | no data | |
| Fund Manager of Wholesale Office | 14.5yrs | no data | no data |
5.2yrs
Average Tenure
Experienced Management: GPT's management team is seasoned and experienced (5.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | 5.33yrs | AU$3.79m | 0.087% A$ 7.4m | |
| Independent Non-Executive Director | 1.67yrs | AU$145.30k | 0.0012% A$ 99.2k | |
| Independent Non-Executive Director | 2.17yrs | AU$210.38k | 0.0013% A$ 110.3k | |
| Non- Executive Director | 0.67yr | no data | no data | |
| Independent Chairman of the Board | 2.67yrs | AU$430.00k | 0.0058% A$ 494.3k | |
| Independent Non-Executive Director | 1.33yrs | AU$42.50k | 0.0015% A$ 131.7k | |
| Independent Non-Executive Director | 5.08yrs | AU$227.00k | 0.0019% A$ 160.8k |
2.2yrs
Average Tenure
57yo
Average Age
Experienced Board: GPT's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
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 company bio, 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$8.551b
- Shares outstanding: 1.95b
- Website: https://www.gpt.com.au
Location
- GPT Group
- MLC Centre
- Level 51
- Sydney
- New South Wales
- 2000
- Australia
Listings
| 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 |
Biography
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 logist...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/18 07:01 |
| End of Day Share Price | 2021/01/18 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.