GPT Group
Market Cap
AU$12.0b
Last Updated
2019/09/15 10:31 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.
Snowflake
Fundamentals
Fair value with mediocre balance sheet.
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
Market Performance
7 Day Return
-1.9%
ASX:GPT
-0.8%
AU REITs
0.5%
AU Market
1 Year Return
15.4%
ASX:GPT
12.3%
AU REITs
6.3%
AU Market
GPT outperformed the REITs industry which returned 12.3% over the past year.
GPT outperformed the Market in Australia which returned 6.3% over the past year.
Share holder returns
| GPT | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.9% | -0.8% | 0.5% |
| 30 Day | 0.5% | -0.4% | 4.4% |
| 90 Day | 0.2% | -1.4% | 2.1% |
| 1 Year | 20.6%15.4% | 17.9%12.3% | 12.4%6.3% |
| 3 Year | 47.8%28.3% | 41.9%21.5% | 41.3%22.3% |
| 5 Year | 101.0%58.8% | 102.3%57.2% | 47.8%14.7% |
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
1 month ago | Simply Wall St
What Kind Of Shareholder Appears On The GPT Group's (ASX:GPT) Shareholder Register?2 months ago | Simply Wall St
Should GPT Group (ASX:GPT) Be Disappointed With Their 62% Profit?2 months ago | Simply Wall St
A Closer Look At GPT Group's (ASX:GPT) Impressive ROEValuation
Is GPT Group undervalued based on future cash flows and its price relative to the stock market?
10.49x
Price to Earnings (PE) ratio
Intrinsic Value Based on Future Cash Flows
GPT Group's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
GPT Group's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
Price Based on Earnings
GPT Group is good value based on earnings compared to the AU REITs industry average.
GPT Group is good value based on earnings compared to the Australia market.
Price Based on Expected Growth
GPT Group earnings are not expected to grow next year, we can't assess if its growth is good value.
Price Based on Value of Assets
GPT Group is good value based on assets compared to the AU REITs industry average.
Next Steps
Future Growth
How is GPT Group expected to perform in the next 1 to 3 years based on estimates from 5 analysts?
-5.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
GPT Group's revenue is expected to grow by 5% yearly, however this is not considered high growth (20% yearly).
GPT Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
GPT Group's revenue growth is expected to exceed the Australia market average.
GPT Group's earnings are expected to decrease over the next 1-3 years, this is below the Australia market average.
GPT Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.3%.
Earnings per Share Growth Estimates
Future Return on Equity
GPT Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
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Past Performance
How has GPT Group performed over the past 5 years?
15.5%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
GPT Group's year on year earnings growth rate has been positive over the past 5 years.
GPT Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
GPT Group's 1-year earnings growth is negative, it can't be compared to the AU REITs industry average.
Return on Equity
GPT Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
GPT Group used its assets more efficiently than the AU REITs industry average last year based on Return on Assets.
Return on Capital Employed
GPT Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
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Financial Health
How is GPT Group's financial position?
Financial Position Analysis
GPT Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
GPT Group's long term commitments exceed its cash and other short term assets.
Debt to Equity History and Analysis
GPT Group's level of debt (29%) compared to net worth is satisfactory (less than 40%).
The level of debt compared to net worth has been reduced over the past 5 years (37.2% vs 29% today).
Debt is not well covered by operating cash flow (17.6%, less than 20% of total debt).
Interest payments on debt are well covered by earnings (EBIT is 3.7x coverage).
Balance Sheet
High level of physical assets or inventory.
Debt is not covered by short term assets, assets are 0.1x debt.
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Dividend
What is GPT Group's current dividend yield, its reliability and sustainability?
4.45%
Expected Dividend Yield
Dividend Yield and Payments Analysis
GPT Group's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.44%).
GPT Group's dividend is below the markets top 25% of dividend payers in Australia (5.52%).
Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
Dividends per share have fallen over the past 10 years.
Current Payout to Shareholders
Dividends paid are covered by earnings (1.3x coverage).
Future Payout to Shareholders
Dividends after 3 years are expected to be thoroughly covered by earnings (2325.6x coverage).
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Management
What is the CEO of GPT Group's salary, the management and board of directors tenure and is there insider trading?
3.8yrs
Average management tenure
CEO
Bob Johnston (57yo)
4yrs
Tenure
AU$3,928,719
Compensation
Mr. Robert William Johnston, also known as Bob, B. Eng (Electrical) (Honours 1), has been the Chief Executive for Project Management of Construction and PFI of Lend Lease Corp. Ltd. since July 8, 2005. Mr. ...
CEO Compensation Analysis
Bob's remuneration is about average for companies of similar size in Australia.
Bob's compensation has been consistent with company performance over the past year, both up more than 20%.
Management Age and Tenure
3.8yrs
Average Tenure
The tenure for the GPT Group management team is about average.
Board Age and Tenure
3.8yrs
Average Tenure
60yo
Average Age
The tenure for the GPT Group board of directors is about average.
Insider Trading
More shares have been bought than sold by GPT Group individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Non- Executive Director |
| Shares | 8,196 |
| Max Price | AU$6.10 |
| Entity | Company |
| Shares | 49,940,928 |
| Max Price | AU$5.71 |
| Entity | Company |
| Shares | 25,767,222 |
| Max Price | AU$5.73 |
| Entity | Company |
| Shares | 49,797,768 |
| Max Price | AU$5.64 |
| Entity | Company |
| Shares | 30,010,681 |
| Max Price | AU$5.64 |
Ownership Breakdown
Management Team
Mark Fookes
Chief Operating Officer
- Tenure: 3.8yrs
- Compensation: AU$1.88m
Bob Johnston (57yo)
CEO, MD & Director
- Tenure: 4yrs
- Compensation: AU$3.93m
Phil Taylor
Head of People & Performance
- Tenure: 0yrs
- Compensation: AU$401.07k
Matthew Faddy
Head of Office & Logistics
- Tenure: 3.8yrs
- Compensation: AU$1.22m
James Coyne
General Counsel & Company Secretary
- Tenure: 15.7yrs
- Compensation: AU$1.07m
Nicholas Harris
Head of Funds Management
- Tenure: 3.8yrs
- Compensation: AU$1.70m
Brett Ward
Head of Investor Relations & Corporate Affairs
- Tenure: 0yrs
Anastasia Clarke
Chief Financial Officer
- Tenure: 3.8yrs
- Compensation: AU$1.78m
Chris Barnett
Head of Retail
- Tenure: 0.4yrs
Jacqui O'Dea
Chief Risk Officer
- Tenure: 0.4yrs
Board Members
Tracey Horton (55yo)
Non-Executive Director
- Tenure: 0.3yrs
Gene Tilbrook (66yo)
Non-Executive Director
- Tenure: 9.3yrs
- Compensation: AU$201.49k
Swe Guan Lim (65yo)
Non-Executive Director
- Tenure: 4.5yrs
- Compensation: AU$204.58k
Angus McNaughton
Non- Executive Director
- Tenure: 0.8yrs
- Compensation: AU$30.57k
Bob Johnston (57yo)
CEO, MD & Director
- Tenure: 4yrs
- Compensation: AU$3.93m
Vickki McFadden (60yo)
Chairman of the Board
- Tenure: 1.3yrs
- Compensation: AU$306.33k
Michelle Somerville
Non-Executive Director
- Tenure: 3.8yrs
- Compensation: AU$223.93k
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$11.999b
- 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 $24 billion portfolio of offices, logistics, busines ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/09/15 10:31 |
| End of Day Share Price | 2019/09/13 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.