| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 1/6 |
| Financial Health | 3/6 |
| Dividends | 5/6 |
SGP Stock Overview
Stockland (ASX:SGP) was founded in 1952 and has grown to become one of Australia’s largest diversified property groups – owning, developing and managing a large portfolio of shopping centres, residential communities, workplace and logistic assets and retirement living villages.
Stockland Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$4.03 |
| 52 Week High | AU$4.93 |
| 52 Week Low | AU$4.01 |
| Beta | 1.12 |
| 1 Month Change | -7.36% |
| 3 Month Change | -15.51% |
| 1 Year Change | -11.23% |
| 3 Year Change | 5.22% |
| 5 Year Change | -8.62% |
| Change since IPO | 53.23% |
Recent News & Updates
Shareholder Returns
| SGP | AU REITs | AU Market | |
|---|---|---|---|
| 7D | -4.7% | -1.6% | -0.5% |
| 1Y | -11.2% | 16.7% | 8.4% |
Return vs Industry: SGP underperformed the Australian REITs industry which returned 16.7% over the past year.
Return vs Market: SGP underperformed the Australian Market which returned 8.4% over the past year.
Price Volatility
| SGP volatility | |
|---|---|
| SGP Average Weekly Movement | 3.6% |
| REITs Industry Average Movement | 3.1% |
| Market Average Movement | 8.6% |
| 10% most volatile stocks in AU Market | 15.5% |
| 10% least volatile stocks in AU Market | 3.6% |
Stable Share Price: SGP is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: SGP's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1952 | 1,600 | Tarun Gupta | https://www.stockland.com.au |
Stockland (ASX:SGP) was founded in 1952 and has grown to become one of Australia’s largest diversified property groups – owning, developing and managing a large portfolio of shopping centres, residential communities, workplace and logistic assets and retirement living villages. Stockland is consistently rated as one of the most sustainable real estate companies in the world by the Dow Jones Sustainability World Index (DJSI). Stockland is also an Employer of Choice for Gender Equality, as recognised by the Workplace Gender Equality Agency.
Stockland Fundamentals Summary
| SGP fundamental statistics | |
|---|---|
| Market Cap | AU$9.61b |
| Earnings (TTM) | AU$1.11b |
| Revenue (TTM) | AU$2.79b |
8.7x
P/E Ratio3.4x
P/S RatioIs SGP overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SGP income statement (TTM) | |
|---|---|
| Revenue | AU$2.79b |
| Cost of Revenue | AU$2.04b |
| Gross Profit | AU$750.00m |
| Expenses | -AU$355.00m |
| Earnings | AU$1.11b |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Feb 23, 2022
| Earnings per share (EPS) | 0.46 |
| Gross Margin | 26.86% |
| Net Profit Margin | 39.58% |
| Debt/Equity Ratio | 52.3% |
How did SGP perform over the long term?
See historical performance and comparisonDividends
6.1%
Current Dividend Yield50%
Payout RatioValuation
Is Stockland undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SGP (A$4.03) is trading below our estimate of fair value (A$8.23)
Significantly Below Fair Value: SGP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SGP is good value based on its PE Ratio (8.7x) compared to the Australian REITs industry average (9.7x).
PE vs Market: SGP is good value based on its PE Ratio (8.7x) compared to the Australian market (18.8x).
Price to Earnings Growth Ratio
PEG Ratio: SGP's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: SGP is good value based on its PB Ratio (1x) compared to the AU REITs industry average (1.2x).
Future Growth
How is Stockland forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
-4.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SGP's earnings are forecast to decline over the next 3 years (-4.4% per year).
Earnings vs Market: SGP's earnings are forecast to decline over the next 3 years (-4.4% per year).
High Growth Earnings: SGP's earnings are forecast to decline over the next 3 years.
Revenue vs Market: SGP's revenue (2% per year) is forecast to grow slower than the Australian market (4.8% per year).
High Growth Revenue: SGP's revenue (2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SGP's Return on Equity is forecast to be low in 3 years time (8.6%).
Past Performance
How has Stockland performed over the past 5 years?
-27.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SGP has a large one-off gain of A$359.0M impacting its June 30 2021 financial results.
Growing Profit Margin: SGP became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: SGP's earnings have declined by 27.2% per year over the past 5 years.
Accelerating Growth: SGP has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SGP has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (106.4%).
Return on Equity
High ROE: SGP's Return on Equity (11.5%) is considered low.
Financial Health
How is Stockland's financial position?
Financial Position Analysis
Short Term Liabilities: SGP's short term assets (A$2.5B) do not cover its short term liabilities (A$4.5B).
Long Term Liabilities: SGP's short term assets (A$2.5B) do not cover its long term liabilities (A$5.3B).
Debt to Equity History and Analysis
Debt Level: SGP's net debt to equity ratio (38.9%) is considered satisfactory.
Reducing Debt: SGP's debt to equity ratio has increased from 44.2% to 52.3% over the past 5 years.
Debt Coverage: SGP's debt is well covered by operating cash flow (20.9%).
Interest Coverage: SGP's interest payments on its debt are well covered by EBIT (8.6x coverage).
Balance Sheet
Dividend
What is Stockland current dividend yield, its reliability and sustainability?
6.10%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SGP's dividend (6.1%) is higher than the bottom 25% of dividend payers in the Australian market (2.23%).
High Dividend: SGP's dividend (6.1%) is in the top 25% of dividend payers in the Australian market (5.48%)
Stability and Growth of Payments
Stable Dividend: SGP's dividend payments have been volatile in the past 10 years.
Growing Dividend: SGP's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (50%), SGP's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SGP's dividends in 3 years are forecast to be covered by earnings (74.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.9yrs
Average management tenure
CEO
Tarun Gupta
0.58
Tenure
AU$1,651,493
Compensation
Mr. Tarun D. Gupta, BA (Econ), MBA, GAICD, has been Chief Executive Officer of Property at Lend Lease Corp. Ltd., Investment Arm since October 2012. He serves as Managing Director, Chief Executive Officer...
CEO Compensation Analysis
Compensation vs Market: Tarun's total compensation ($USD1.20M) is below average for companies of similar size in the Australian market ($USD2.29M).
Compensation vs Earnings: Insufficient data to compare Tarun's compensation with company performance.
Leadership Team
Experienced Management: SGP's management team is considered experienced (2.9 years average tenure).
Board Members
Experienced Board: SGP's board of directors are considered experienced (3.4 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
Stockland's employee growth, exchange listings and data sources
Key Information
- Name: Stockland
- Ticker: SGP
- Exchange: ASX
- Founded: 1952
- Industry: Diversified REITs
- Sector: Real Estate
- Implied Market Cap: AU$9.606b
- Shares outstanding: 2.38b
- Website: https://www.stockland.com.au
Number of Employees
Location
- Stockland
- 133 Castlereagh Street
- Level 25
- Sydney
- New South Wales
- 2000
- Australia
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/21 15:32 |
| End of Day Share Price | 2022/01/21 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.