Stockland (ASX:SGP) - Stock Price, News & Analysis

SGP Stock Overview

We are a leading creator and curator of connected communities with people at the heart of the places we create.

SGP fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	3/6
Past Performance	1/6
Financial Health	3/6
Dividends	3/6

Rewards

Trading at 29.7% below our estimate of its fair value

Earnings are forecast to grow 16.14% per year

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 4.99% is not well covered by free cash flows

Profit margins (10.3%) are lower than last year (15.1%)

Large one-off items impacting financial results

Stockland Competitors

Centuria Capital Group

ASX:CNI

AU$1.4b

Aspen Group

ASX:APZ

AU$432.3m

Vicinity Centres

ASX:VCX

AU$9.8b

Scentre Group

ASX:SCG

AU$17.5b

Price History & Performance

Summary of all time highs, changes and price drops for Stockland
Historical stock prices
Current Share Price	AU$4.93
52 Week High	AU$4.96
52 Week Low	AU$3.49
Beta	1.32
11 Month Change	11.54%
3 Month Change	7.88%
1 Year Change	16.82%
33 Year Change	6.94%
5 Year Change	10.04%
Change since IPO	87.45%

Recent updates

Shareholder Returns

	SGP	AU REITs	AU Market
7D	5.8%	4.8%	0.7%
1Y	16.8%	10.3%	12.0%

Return vs Industry: SGP exceeded the Australian REITs industry which returned 10.3% over the past year.

Return vs Market: SGP exceeded the Australian Market which returned 12% over the past year.

Price Volatility

Is SGP's price volatile compared to industry and market?
SGP volatility
SGP Average Weekly Movement	3.9%
REITs Industry Average Movement	4.4%
Market Average Movement	8.2%
10% most volatile stocks in AU Market	17.1%
10% least volatile stocks in AU Market	3.5%

Stable Share Price: SGP has not had significant price volatility in the past 3 months.

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	www.stockland.com.au

We are a leading creator and curator of connected communities with people at the heart of the places we create. For more than 70 years, we have built a proud legacy, helping more Australians achieve the dream of home ownership, and enabling the future of work and retail. Today, we continue to build on our history as one of Australia’s largest diversified property groups to elevate the social value of our places, and create a tangible sense of human connection, belonging and community for our customers.

Stockland Fundamentals Summary

How do Stockland's earnings and revenue compare to its market cap?
SGP fundamental statistics
Market cap	AU$11.74b
Earnings (TTM)	AU$305.00m
Revenue (TTM)	AU$2.97b

38.5x

P/E Ratio

3.9x

P/S Ratio

Is SGP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SGP income statement (TTM)
Revenue	AU$2.97b
Cost of Revenue	AU$2.28b
Gross Profit	AU$697.00m
Other Expenses	AU$392.00m
Earnings	AU$305.00m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.13
Gross Margin	23.44%
Net Profit Margin	10.26%
Debt/Equity Ratio	49.2%

How did SGP perform over the long term?

See historical performance and comparison

Dividends

5.0%

Current Dividend Yield

68%

Payout Ratio

SGP Stock Overview

Rewards

Risk Analysis

Stockland Competitors

ASX:CNI

AU$1.4b

ASX:APZ

AU$432.3m

ASX:VCX

AU$9.8b

ASX:SCG

AU$17.5b

Price History & Performance

Recent News & Updates

Stockland Announces Final Dividend for the Six Months Ended 30 June 2024, Payable on 30 August 2024

Stockland Announces Bob Johnston to Join Board of Directors, Effective October 1, 2024

Insufficient new directors

First half dividend of AU$0.17 announced

Stockland to Report Q3, 2024 Results on Apr 29, 2024

Revelop acquired Stockland's Balgowlah Shopping Centre from Stockland (ASX:SGP) for approximately AUD 155 million.

Recent updates

Stockland Announces Final Dividend for the Six Months Ended 30 June 2024, Payable on 30 August 2024

Stockland Announces Bob Johnston to Join Board of Directors, Effective October 1, 2024

Insufficient new directors

First half dividend of AU$0.17 announced

Stockland to Report Q3, 2024 Results on Apr 29, 2024

Revelop acquired Stockland's Balgowlah Shopping Centre from Stockland (ASX:SGP) for approximately AUD 155 million.

Upcoming dividend of AU$0.08 per share at 5.9% yield

Stockland Limited Announces Estimated Distribution for Six Months to 31 December 2023, Payable on February 29, 2024

Stockland Announces Management Changes

MD, CEO & Director recently bought AU$868k worth of stock

Stockland to Report First Half, 2024 Results on Feb 22, 2024

New major risk - Revenue and earnings growth

Upcoming dividend of AU$0.12 per share

Stockland to Report Q3, 2023 Results on Apr 26, 2023

Now 20% undervalued

Stockland Announces 1H23 Estimated Distribution for the Six Months to 31 December 2022, Payable on 28 February 2023

Stockland Reportedly Hires Jarden for Serenitas Pursuit But Price May Be an Issue

MD, CEO & Director recently bought AU$1.1m worth of stock

Stockland Provides Distribution Guidance for the Year 2023

Stockland, Annual General Meeting, Oct 17, 2022

Stockland Announces Dividend for the Six Months Ended June 30, 2022, Payable on August 31, 2022

Consensus forecasts updated

Stockland Announces Estimates Dividend for the Period of Six Months Ended June 30, 2022, Dividend Payable on August 31, 2022

Non-Executive Director recently bought AU$169k worth of stock

EQT Infrastructure V managed by EQT Partners AB entered into an agreement to acquire Stockland Retirement Living from Stockland (ASX:SGP) for approximately AUD 990 million.

Consensus forecasts updated

Upcoming dividend of AU$0.12 per share

Stockland (ASX:SGP) agreed to acquire Two Logistics Sites In Padstow for AUD130 million.

Stockland Reportedly to Offload Retirement Unit

Non-Executive Director recently bought AU$186k worth of stock

Stockland (ASX:SGP) completed the acquisition of Halcyon for AUD 620 million.

High number of new directors

MD, CEO & Director recently bought AU$1.7m worth of stock

MD, CEO & Executive Director Mark Steinert has left the company

Group Executive & Chief Investment Officer has left the company

How Much Of Stockland (ASX:SGP) Do Institutions Own?

Earnings beat expectations, revenue disappoints

LOGOS Reportedly Taps Moelis in Bid for Milestone Logistics

Have Insiders Been Buying Stockland (ASX:SGP) Shares This Year?

New 90-day high: AU$4.71

Stockland to Report Q2, 2021 Results on Feb 25, 2021

Stockland's (ASX:SGP) Stock Price Has Reduced 10% In The Past Year

Upcoming Dividend of AU$0.11 Per Share

Prime Value Asset Management Ltd. entered into an agreement to acquire Four Victorian Retirement Villages from Stockland (ASX:SGP) for AUD 89 million.

Stockland Announces Executive Changes, Effective 1 June 2021

Is Stockland (ASX:SGP) Popular Amongst Institutions?

New 90-day high: AU$4.56

Stockland Appoints Laurence Brindle as A Non-Executive Director

Stockland (ASX:SGP) acquired 10.3 hectare Industrial Development Site in Leppington.

Haben Retail Management Pty Ltd agreed to acquire Stockland Cleveland shopping centre in Brisbane from Stockland (ASX:SGP) for approximately AUD 100 million.

An unknown buyer contracted to acquire Stockland The Pines from Stockland (ASX:SGP) for approximately AUD 160 million.

Stockland Announces Fiscal Year 2021 Outlook Remains Uncertain

Charter Hall Direct Industrial Fund No.4 fund managed by Charter Hall Group (ASX:CHC) acquired The Brownes facility from Stockland (ASX:SGP) for AUD 59 million.

Qualitas Seniors Housing Fund No.1 completed the acquisition of Three Victorian Villages from Stockland (ASX:SGP).

Shareholder Returns

Price Volatility

About the Company

Stockland Fundamentals Summary

38.5x