Stockland
Market Cap
AU$9.3b
Last Updated
2020/10/30 10:41 UTC
Data Sources
Company Financials +
Executive Summary
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. More Details
Rewards
Risk Analysis
Snowflake Analysis
6 star dividend payer with moderate growth potential.
Similar Companies
Share Price & News
How has Stockland's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SGP has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-3.8%
SGP
-2.6%
AU REITs
-3.5%
AU Market
1 Year Return
-21.6%
SGP
-18.1%
AU REITs
-9.2%
AU Market
Return vs Industry: SGP underperformed the Australian REITs industry which returned -18.1% over the past year.
Return vs Market: SGP underperformed the Australian Market which returned -9.2% over the past year.
Shareholder returns
| SGP | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.8% | -2.6% | -3.5% |
| 30 Day | 1.9% | -1.6% | 0.5% |
| 90 Day | 20.7% | 6.6% | 2.3% |
| 1 Year | -16.9%-21.6% | -14.7%-18.1% | -6.0%-9.2% |
| 3 Year | 2.4%-15.4% | 15.9%0.2% | 12.4%-1.8% |
| 5 Year | 29.1%-4.5% | 41.9%10.4% | 39.6%10.8% |
Price Volatility Vs. Market
How volatile is Stockland's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
Stockland (ASX:SGP) Insiders Increased Their Holdings2 months ago | Simply Wall St
Stockland's(ASX:SGP) Share Price Is Down 21% Over The Past Year.6 months ago | Simply Wall St
The Stockland (ASX:SGP) Share Price Is Down 45% So Some Shareholders Are Getting WorriedValuation
Is Stockland undervalued compared to its fair value and its price relative to the market?
39.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SGP (A$3.85) is trading below our estimate of fair value (A$6.36)
Significantly Below Fair Value: SGP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SGP is unprofitable, so we can't compare its PE Ratio to the AU REITs industry average.
PE vs Market: SGP is unprofitable, so we can't compare its PE Ratio to the Australian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SGP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SGP's PB Ratio (1x) is in line with the AU REITs industry average.
Next Steps
Future Growth
How is Stockland forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
23.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SGP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.3%).
Earnings vs Market: SGP is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: SGP's is expected to become profitable in the next 3 years.
Revenue vs Market: SGP's revenue (0.7% per year) is forecast to grow slower than the Australian market (5% per year).
High Growth Revenue: SGP's revenue (0.7% 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 (8.1%).
Next Steps
Past Performance
How has Stockland performed over the past 5 years?
-21.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SGP is currently unprofitable.
Growing Profit Margin: SGP is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SGP is unprofitable, and losses have increased over the past 5 years at a rate of 21.2% per year.
Accelerating Growth: Unable to compare SGP's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SGP is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (6.8%).
Return on Equity
High ROE: SGP has a negative Return on Equity (-0.15%), as it is currently unprofitable.
Next Steps
Financial Health
How is Stockland's financial position?
Financial Position Analysis
Short Term Liabilities: SGP's short term assets (A$1.8B) do not cover its short term liabilities (A$3.8B).
Long Term Liabilities: SGP's short term assets (A$1.8B) do not cover its long term liabilities (A$6.2B).
Debt to Equity History and Analysis
Debt Level: SGP's debt to equity ratio (58.3%) is considered high.
Reducing Debt: SGP's debt to equity ratio has increased from 40.6% to 58.3% over the past 5 years.
Debt Coverage: SGP's debt is well covered by operating cash flow (21.1%).
Interest Coverage: SGP is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is Stockland current dividend yield, its reliability and sustainability?
6.26%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SGP's dividend (6.26%) is higher than the bottom 25% of dividend payers in the Australian market (2.17%).
High Dividend: SGP's dividend (6.26%) is in the top 25% of dividend payers in the Australian market (5.52%)
Stability and Growth of Payments
Stable Dividend: SGP's dividends per share have been stable 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 reasonable payout ratio (58.4%), SGP's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SGP's dividends in 3 years are forecast to be covered by earnings (73.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.2yrs
Average management tenure
CEO
Mark Steinert
7.75yrs
Tenure
AU$3,300,402
Compensation
Mr. Mark Andrew Steinert, BAppSc, G Dip App Fin & Inv (Sec Inst), F Fin, AAPI, has been Chief Executive Officer, Managing Director and Director of Stockland Trust Management Limited and Stockland since Jan ...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD2.31M) is about average for companies of similar size in the Australian market ($USD2.48M).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Executive Director | 7.75yrs | AU$3.30m | 0.17% A$ 15.8m | |
| Chief Financial Officer | 7yrs | AU$1.51m | 0% A$ 0 | |
| General Counsel & Company Secretary | 6.17yrs | AU$1.03m | 0% A$ 0 | |
| Group Executive & CEO of Stockland Communities | 7.33yrs | AU$1.35m | 0% A$ 0 | |
| Group Executive & CEO of Commercial Property | 2.33yrs | AU$1.37m | 0% A$ 0 | |
| Group Executive & Chief Investment Officer | 7yrs | AU$1.94m | no data | |
| Chief Innovation | 0.50yr | no data | no data | |
| General Manager of Investor Relations | no data | no data | no data | |
| Senior Manager of Media Relations & Internal Communications | no data | no data | no data | |
| Group Executive of People & Culture | 1.58yrs | no data | no data | |
| Head of Retail | 1.58yrs | no data | no data | |
| Head of Placemaking | no data | no data | no data |
6.2yrs
Average Tenure
Experienced Management: SGP's management team is seasoned and experienced (6.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Executive Director | 7.75yrs | AU$3.30m | 0.17% A$ 15.8m | |
| Independent Non-Executive Director | 13yrs | AU$220.07k | 0.0032% A$ 300.7k | |
| Independent Non-Executive Director | 2.17yrs | AU$222.29k | 0.0021% A$ 196.1k | |
| Independent Non-Executive Chairman | 4yrs | AU$483.24k | 0.0021% A$ 196.1k | |
| Non-Executive Director | 0.83yr | AU$106.86k | 0.00084% A$ 78.4k | |
| Independent Non-Executive Director | 3.25yrs | AU$196.68k | 0.0017% A$ 156.9k | |
| Independent Non-Executive Director | 4.33yrs | AU$271.12k | 0.0017% A$ 156.9k | |
| Independent Non Executive Director | 2.42yrs | AU$202.96k | 0.0025% A$ 235.3k |
3.6yrs
Average Tenure
62yo
Average Age
Experienced Board: SGP's board of directors are considered experienced (3.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SGP 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 company bio, employee growth, exchange listings and data sources
Key Information
- Name: Stockland
- Ticker: SGP
- Exchange: ASX
- Founded: 1952
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: AU$9.337b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SGP | ASX (Australian Securities Exchange) | Yes | Stapled Securities | AU | AUD | Jan 1992 |
| STKA.F | OTCPK (Pink Sheets LLC) | Yes | Stapled Securities | US | USD | Jan 1992 |
| LN1 | DB (Deutsche Boerse AG) | Yes | Stapled Securities | DE | EUR | Jan 1992 |
| SGP | CHIA (Chi-X Australia) | Yes | Stapled Securities | AU | AUD | Jan 1992 |
Biography
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 c ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/30 10:41 |
| End of Day Share Price | 2020/10/30 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
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.