| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 1/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 4/6 |
MGR Stock Overview
Mirvac is an Australian property group with a clearly defined purpose to reimagine urban life.
Mirvac Group Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$2.81 |
| 52 Week High | AU$3.18 |
| 52 Week Low | AU$2.13 |
| Beta | 0.97 |
| 1 Month Change | -3.10% |
| 3 Month Change | -4.75% |
| 1 Year Change | 11.07% |
| 3 Year Change | 18.07% |
| 5 Year Change | 37.75% |
| Change since IPO | -10.79% |
Recent News & Updates
Shareholder Returns
| MGR | AU REITs | AU Market | |
|---|---|---|---|
| 7D | -0.7% | -1.4% | -1.7% |
| 1Y | 11.1% | 18.3% | 7.7% |
Return vs Industry: MGR underperformed the Australian REITs industry which returned 18.3% over the past year.
Return vs Market: MGR exceeded the Australian Market which returned 7.7% over the past year.
Price Volatility
| MGR volatility | |
|---|---|
| MGR Average Weekly Movement | 3.8% |
| REITs Industry Average Movement | 3.2% |
| Market Average Movement | 8.5% |
| 10% most volatile stocks in AU Market | 15.3% |
| 10% least volatile stocks in AU Market | 3.6% |
Stable Share Price: MGR is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: MGR's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1972 | 1,416 | Susan Lloyd-Hurwitz | https://www.mirvac.com |
Mirvac is an Australian property group with a clearly defined purpose to reimagine urban life. By creating beautiful homes, inspiring workplace precincts and thriving shopping centres, we aim to make a positive contribution to our cities and communities. Mirvac was founded in 1972, which means we’ve been shaping Australia’s urban landscape for almost fifty years.
Mirvac Group Fundamentals Summary
| MGR fundamental statistics | |
|---|---|
| Market Cap | AU$11.08b |
| Earnings (TTM) | AU$901.00m |
| Revenue (TTM) | AU$1.92b |
12.3x
P/E Ratio5.8x
P/S RatioIs MGR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MGR income statement (TTM) | |
|---|---|
| Revenue | AU$1.92b |
| Cost of Revenue | AU$1.01b |
| Gross Profit | AU$909.00m |
| Expenses | AU$8.00m |
| Earnings | AU$901.00m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Feb 09, 2022
| Earnings per share (EPS) | 0.23 |
| Gross Margin | 47.42% |
| Net Profit Margin | 47.00% |
| Debt/Equity Ratio | 37.8% |
How did MGR perform over the long term?
See historical performance and comparisonDividends
3.6%
Current Dividend Yield48%
Payout RatioValuation
Is Mirvac Group undervalued compared to its fair value and its price relative to the market?
31.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MGR (A$2.81) is trading below our estimate of fair value (A$4.1)
Significantly Below Fair Value: MGR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MGR is poor value based on its PE Ratio (12.3x) compared to the Australian REITs industry average (9.8x).
PE vs Market: MGR is good value based on its PE Ratio (12.3x) compared to the Australian market (19.3x).
Price to Earnings Growth Ratio
PEG Ratio: MGR is poor value based on its PEG Ratio (6.4x)
Price to Book Ratio
PB vs Industry: MGR is good value based on its PB Ratio (1x) compared to the AU REITs industry average (1.2x).
Future Growth
How is Mirvac Group forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
1.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MGR's forecast earnings growth (1.9% per year) is above the savings rate (1.9%).
Earnings vs Market: MGR's earnings (1.9% per year) are forecast to grow slower than the Australian market (11.4% per year).
High Growth Earnings: MGR's earnings are forecast to grow, but not significantly.
Revenue vs Market: MGR's revenue is expected to decline over the next 3 years (-18.9% per year).
High Growth Revenue: MGR's revenue is forecast to decline over the next 3 years (-18.9% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MGR's Return on Equity is forecast to be low in 3 years time (6.6%).
Past Performance
How has Mirvac Group performed over the past 5 years?
-12.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MGR has a large one-off gain of A$394.0M impacting its June 30 2021 financial results.
Growing Profit Margin: MGR's current net profit margins (47%) are higher than last year (24.8%).
Past Earnings Growth Analysis
Earnings Trend: MGR's earnings have declined by 12% per year over the past 5 years.
Accelerating Growth: MGR's earnings growth over the past year (61.5%) exceeds its 5-year average (-12% per year).
Earnings vs Industry: MGR earnings growth over the past year (61.5%) underperformed the REITs industry 106.4%.
Return on Equity
High ROE: MGR's Return on Equity (8.4%) is considered low.
Financial Health
How is Mirvac Group's financial position?
Financial Position Analysis
Short Term Liabilities: MGR's short term assets (A$1.0B) exceed its short term liabilities (A$789.0M).
Long Term Liabilities: MGR's short term assets (A$1.0B) do not cover its long term liabilities (A$4.5B).
Debt to Equity History and Analysis
Debt Level: MGR's net debt to equity ratio (36.7%) is considered satisfactory.
Reducing Debt: MGR's debt to equity ratio has reduced from 40.8% to 37.8% over the past 5 years.
Debt Coverage: MGR's debt is not well covered by operating cash flow (15.8%).
Interest Coverage: MGR's interest payments on its debt are well covered by EBIT (5.4x coverage).
Balance Sheet
Dividend
What is Mirvac Group current dividend yield, its reliability and sustainability?
3.63%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MGR's dividend (3.63%) is higher than the bottom 25% of dividend payers in the Australian market (2.21%).
High Dividend: MGR's dividend (3.63%) is low compared to the top 25% of dividend payers in the Australian market (5.47%).
Stability and Growth of Payments
Stable Dividend: MGR's dividend payments have been volatile in the past 10 years.
Growing Dividend: MGR's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (48.3%), MGR's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MGR's dividends in 3 years are forecast to be covered by earnings (64.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.8yrs
Average management tenure
CEO
Susan Lloyd-Hurwitz (53 yo)
9.42yrs
Tenure
AU$4,832,938
Compensation
Ms. Susan Lloyd-Hurwitz, BA (Hons), MBA (Dist), has been the Chief Executive Officer and Managing Director of Mirvac Group since August 15, 2012 and its Executive Director since November 5, 2012. Prior to...
CEO Compensation Analysis
Compensation vs Market: Susan's total compensation ($USD3.49M) is above average for companies of similar size in the Australian market ($USD2.28M).
Compensation vs Earnings: Susan's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: MGR's management team is considered experienced (4.8 years average tenure).
Board Members
Experienced Board: MGR's board of directors are considered experienced (6.8 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
Mirvac Group's employee growth, exchange listings and data sources
Key Information
- Name: Mirvac Group
- Ticker: MGR
- Exchange: ASX
- Founded: 1972
- Industry: Diversified REITs
- Sector: Real Estate
- Implied Market Cap: AU$11.080b
- Shares outstanding: 3.94b
- Website: https://www.mirvac.com
Number of Employees
Location
- Mirvac Group
- 200 George Street
- Level 28
- Sydney
- New South Wales
- 2000
- Australia
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/20 15:53 |
| End of Day Share Price | 2022/01/20 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/06/30 |
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.