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SGP

StocklandASX:SGP Stock Report

Market Cap

AU$10.4b

7D

-2.2%

1Y

-4.6%

Updated

29 Nov, 2021

Data

Company Financials +
SGP fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance1/6
Financial Health3/6
Dividends5/6

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

Mirvac Group

ASX:MGR

AU$11.4b

GPT Group

ASX:GPT

AU$9.9b

Charter Hall Group

ASX:CHC

AU$8.8b

Growthpoint Properties Australia

ASX:GOZ

AU$3.1b

Price History & Performance

Summary of all time highs, changes and price drops for Stockland
Historical stock prices
Current Share PriceAU$4.35
52 Week HighAU$4.93
52 Week LowAU$4.08
Beta1.15
1 Month Change-4.40%
3 Month Change-7.05%
1 Year Change-4.61%
3 Year Change15.08%
5 Year Change0.46%
Change since IPO65.40%

Recent News & Updates

Shareholder Returns

SGPAU REITsAU Market
7D-2.2%0.7%-1.6%
1Y-4.6%16.9%11.8%

Return vs Industry: SGP underperformed the Australian REITs industry which returned 16.9% over the past year.

Return vs Market: SGP underperformed the Australian Market which returned 11.8% over the past year.

Price Volatility

Is SGP's price volatile compared to industry and market?
SGP volatility
SGP Average Weekly Movement3.3%
REITs Industry Average Movement3.0%
Market Average Movement8.3%
10% most volatile stocks in AU Market15.8%
10% least volatile stocks in AU Market3.7%

Stable Share Price: SGP is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.

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

About the Company

FoundedEmployeesCEOWebsite
19521,600Tarun Guptahttps://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

How do Stockland's earnings and revenue compare to its market cap?
SGP fundamental statistics
Market CapAU$10.37b
Earnings (TTM)AU$1.11b
Revenue (TTM)AU$2.79b

9.4x

P/E Ratio

3.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SGP income statement (TTM)
RevenueAU$2.79b
Cost of RevenueAU$2.04b
Gross ProfitAU$750.00m
Expenses-AU$355.00m
EarningsAU$1.11b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Feb 23, 2022

Earnings per share (EPS)0.46
Gross Margin26.86%
Net Profit Margin39.58%
Debt/Equity Ratio52.3%

How did SGP perform over the long term?

See historical performance and comparison

Dividends

5.7%

Current Dividend Yield

50%

Payout Ratio

Valuation

Is Stockland undervalued compared to its fair value and its price relative to the market?

47.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SGP (A$4.35) is trading below our estimate of fair value (A$8.34)

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 (9.4x) compared to the Australian REITs industry average (9.7x).

PE vs Market: SGP is good value based on its PE Ratio (9.4x) compared to the Australian market (18.7x).


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's PB Ratio (1.1x) is in line with the AU REITs industry average.


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 (5.2% 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 (8.7%).


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?

5.66%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SGP's dividend (5.66%) is higher than the bottom 25% of dividend payers in the Australian market (2.33%).

High Dividend: SGP's dividend (5.66%) is in the top 25% of dividend payers in the Australian market (5.55%)


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 (74.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

Tarun Gupta

0.42

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 ($USD1.18M) is below average for companies of similar size in the Australian market ($USD2.25M).

Compensation vs Earnings: Insufficient data to compare Tarun's compensation with company performance.


Leadership Team

Experienced Management: SGP's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: SGP's board of directors are considered experienced (3.3 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 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$10.369b
  • 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/29 15:38
End of Day Share Price2021/11/29 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.