Stock Analysis
Mirvac Group First Half 2024 Earnings: AU$0.051 loss per share (vs AU$0.055 profit in 1H 2023)
Mirvac Group (ASX:MGR) First Half 2024 Results
Key Financial Results
- Revenue: AU$1.25b (up 51% from 1H 2023).
- Net loss: AU$201.0m (down by 194% from AU$215.0m profit in 1H 2023).
- AU$0.051 loss per share (down from AU$0.055 profit in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Mirvac Group Earnings Insights
Looking ahead, revenue is expected to fall by 34% p.a. on average during the next 3 years compared to a 1.9% decline forecast for the REITs industry in Australia.
Performance of the Australian REITs industry.
The company's shares are up 3.7% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for Mirvac Group that you need to be mindful of.
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Find out whether Mirvac Group is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About ASX:MGR
Mirvac Group
Founded in 1972, Mirvac is an Australian Securities Exchange (ASX) top 50 company with an integrated asset creation and curation capability.
Undervalued with moderate growth potential.