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Mirvac GroupASX:MGR Stock Report

Market Cap AU$6.9b
Share Price
AU$1.74
AU$2.35
26.2% undervalued intrinsic discount
1Y-22.2%
7D-2.3%
1D
Portfolio Value
View

Mirvac Group

ASX:MGR Stock Report

Market Cap: AU$6.9b

Mirvac Group (MGR) Stock Overview

An Australian Securities Exchange listed company, with an integrated asset creation and curation capability. More details

MGR fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance1/6
Financial Health2/6
Dividends3/6

MGR Community Fair Values

Create Narrative

See what 22 others think this stock is worth. Follow their fair value or set your own to get alerts.

Mirvac Group Competitors

Price History & Performance

Summary of share price highs, lows and changes for Mirvac Group
Historical stock prices
Current Share PriceAU$1.74
52 Week HighAU$2.46
52 Week LowAU$1.61
Beta0.90
1 Month Change2.06%
3 Month Change-3.61%
1 Year Change-22.20%
3 Year Change-24.89%
5 Year Change-40.58%
Change since IPO-44.92%

Recent News & Updates

Analysis Article Jun 18

Mirvac Group (ASX:MGR) Shares Could Be 25% Undervalued After Interim Dividend Declaration

Mirvac Group (ASX:MGR) has declared an unfranked interim dividend of A$0.048 per share for the six months ended June 30, 2026. This is a key development for investors focused on income from the stock. See our latest analysis for Mirvac Group. Mirvac Group’s A$1.755 share price reflects a mixed picture, with the 30 day share price return up 4.15% while the year to date share price return is down 13.97% and the 1 year total shareholder return down 18.54%. This suggests momentum has softened...

Recent updates

Analysis Article Jun 18

Mirvac Group (ASX:MGR) Shares Could Be 25% Undervalued After Interim Dividend Declaration

Mirvac Group (ASX:MGR) has declared an unfranked interim dividend of A$0.048 per share for the six months ended June 30, 2026. This is a key development for investors focused on income from the stock. See our latest analysis for Mirvac Group. Mirvac Group’s A$1.755 share price reflects a mixed picture, with the 30 day share price return up 4.15% while the year to date share price return is down 13.97% and the 1 year total shareholder return down 18.54%. This suggests momentum has softened...
Narrative Update Nov 23

MGR: Operating Earnings Per Security Outlook Will Drive Positive Momentum Into 2026

Analysts have maintained their price target for Mirvac Group at $2.47, citing only marginal shifts in discount rate and profit margin assumptions in their updated assessment. What's in the News Mirvac Group has reaffirmed its earnings guidance for the year 2026, and is maintaining a forecast of operating earnings per security between 12.8 and 13.0 cents for FY26 (Key Developments).
Narrative Update Nov 06

MGR: Operating Earnings Forecast Will Support Stable Outlook Into Fiscal 2026

Analysts have raised their price target for Mirvac Group slightly, from $2.45 to $2.47. They cite small improvements in fair value estimates and a marginally lower discount rate, despite subdued revenue growth projections.
Narrative Update Oct 22

Analysts Raise Mirvac Group Price Target as Valuation Edges Higher on Earnings Outlook

Analysts have increased their price target for Mirvac Group from $2.41 to $2.45. This reflects slight improvements in fair value assessments and projected profit margins.
New Narrative Aug 17

Urban Growth And Sustainable Development Will Shape Future Success

Key Takeaways Expansion into build-to-rent, land lease, and industrial segments diversifies income, reduces office and retail exposure, and supports smoother, recurring revenue growth. Strong residential pipeline, urban land holdings, and focus on sustainability position Mirvac to benefit from population growth, housing demand, and premium leasing trends.
Analysis Article Feb 28

What Type Of Returns Would Mirvac Group's(ASX:MGR) Shareholders Have Earned If They Purchased Their SharesYear Ago?

Passive investing in an index fund is a good way to ensure your own returns roughly match the overall market. When you...
Analysis Article Jan 31

How Much Is Mirvac Group's (ASX:MGR) CEO Getting Paid?

Susan Lloyd-Hurwitz has been the CEO of Mirvac Group ( ASX:MGR ) since 2012, and this article will examine the...
Analysis Article Jan 03

How Many Mirvac Group (ASX:MGR) Shares Do Institutions Own?

The big shareholder groups in Mirvac Group ( ASX:MGR ) have power over the company. Generally speaking, as a company...
Analysis Article Dec 07

Mirvac Group's (ASX:MGR) Stock Going Strong But Fundamentals Look Weak: What Implications Could This Have On The Stock?

Mirvac Group's (ASX:MGR) stock is up by a considerable 25% over the past three months. We, however wanted to have a...

Shareholder Returns

MGRAU REITsAU Market
7D-2.3%-2.5%-1.4%
1Y-22.2%-8.0%2.2%

Return vs Industry: MGR underperformed the Australian REITs industry which returned -8% over the past year.

Return vs Market: MGR underperformed the Australian Market which returned 2.2% over the past year.

Price Volatility

Is MGR's price volatile compared to industry and market?
MGR volatility
MGR Average Weekly Movement3.2%
REITs Industry Average Movement4.0%
Market Average Movement10.1%
10% most volatile stocks in AU Market17.3%
10% least volatile stocks in AU Market4.0%

Stable Share Price: MGR has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: MGR's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19721,651Campbell Hananwww.mirvac.com

Mirvac Group is an Australian Securities Exchange listed company, with an integrated asset creation and curation capability. They own and manage assets across office, retail, industrial and the living sectors in their investment portfolio, with approximately 22 billion dollars of assets under management. Its development activities span commercial and mixed-use and residential, with a development pipeline of approximately 29 billion dollars.

Mirvac Group Fundamentals Summary

How do Mirvac Group's earnings and revenue compare to its market cap?
MGR fundamental statistics
Market capAU$6.87b
Earnings (TTM)AU$386.00m
Revenue (TTM)AU$2.93b
17.7x
P/E Ratio
2.3x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MGR income statement (TTM)
RevenueAU$2.93b
Cost of RevenueAU$1.93b
Gross ProfitAU$1.01b
Other ExpensesAU$619.00m
EarningsAU$386.00m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

Aug 19, 2026

Earnings per share (EPS)0.098
Gross Margin34.29%
Net Profit Margin13.17%
Debt/Equity Ratio43.6%

How did MGR perform over the long term?

See historical performance and comparison

Dividends

5.2%
Current Dividend Yield
55%
Payout Ratio

Does MGR pay a reliable dividends?

See MGR dividend history and benchmarks
When do you need to buy MGR by to receive an upcoming dividend?
Mirvac Group dividend dates
Ex Dividend DateJun 29 2026
Dividend Pay DateAug 31 2026
Days until Ex dividend4 days
Days until Dividend pay date67 days

Does MGR pay a reliable dividends?

See MGR dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/24 15:56
End of Day Share Price 2026/06/24 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Mirvac Group is covered by 27 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Benjamin BrayshawBarrenjoey Markets Pty Limited
Nicholas McGarrigleBarrenjoey Markets Pty Limited
Simon GaringBell Potter