How does MGR's PS Ratio compare to its peers?

MGR is good value based on its Price-To-Sales Ratio (2.7x) compared to the peer average (7.9x).

How does MGR's PS Ratio compare vs other companies in the Global REITs Industry?

MGR is good value based on its Price-To-Sales Ratio (2.7x) compared to the Global REITs industry average (6.3x).

What is MGR's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MGR is good value based on its Price-To-Sales Ratio (2.7x) compared to the estimated Fair Price-To-Sales Ratio (3.2x).

What is the Fair Price of MGR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

MGR (A$2.12) is trading below our estimate of [[fair value]] (A$3.4)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is less than 20% higher than the current share price.

Mirvac Group (CHIA:MGR) - Stock Price, News & Analysis

MGR Stock Overview

Founded in 1972, Mirvac is an Australian Securities Exchange (ASX) top 50 company with an integrated asset creation and curation capability. More details

MGR fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	3/6
Past Performance	0/6
Financial Health	2/6
Dividends	4/6

Rewards

Trading at 37.6% below our estimate of its fair value

Earnings are forecast to grow 42.17% per year

Trading at good value compared to peers and industry

Risk Analysis

Debt is not well covered by operating cash flow

Unstable dividend track record

Mirvac Group Competitors

GPT Group

ASX:GPT

AU$8.8b

Stockland

ASX:SGP

AU$12.4b

Charter Hall Group

ASX:CHC

AU$7.3b

Growthpoint Properties Australia

ASX:GOZ

AU$1.9b

Price History & Performance

Summary of all time highs, changes and price drops for Mirvac Group
Historical stock prices
Current Share Price	AU$2.12
52 Week High	AU$2.39
52 Week Low	AU$1.80
Beta	1.14
11 Month Change	-4.07%
3 Month Change	7.21%
1 Year Change	7.34%
33 Year Change	-26.90%
5 Year Change	-37.09%
Change since IPO	20.45%

Recent updates

Shareholder Returns

	MGR	AU REITs	AU Market
7D	0%	0.5%	0.9%
1Y	7.3%	22.1%	18.4%

Return vs Industry: MGR underperformed the Australian REITs industry which returned 22.1% over the past year.

Return vs Market: MGR underperformed the Australian Market which returned 18.4% over the past year.

Price Volatility

Is MGR's price volatile compared to industry and market?
MGR volatility
MGR Average Weekly Movement	3.0%
REITs Industry Average Movement	3.6%
Market Average Movement	8.5%
10% most volatile stocks in AU Market	17.5%
10% least volatile stocks in AU Market	3.2%

Stable Share Price: MGR has not had significant price volatility in the past 3 months compared to the Australian market.

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

About the Company

Founded	Employees	CEO	Website
1972	1,684	Campbell Hanan	www.mirvac.com

Founded in 1972, Mirvac is an Australian Securities Exchange (ASX) top 50 company with an integrated asset creation and curation capability. For more than 50 years, we’ve dedicated ourselves to creating extraordinary urban places and experiences. We have over $35 billion of assets under management, together with a $12 billion commercial and mixed use development pipeline, and a $17 billion residential development pipeline, enabling us to deliver innovative and high-quality property for our customers, while driving long-term value for our securityholders.

Mirvac Group Fundamentals Summary

How do Mirvac Group's earnings and revenue compare to its market cap?
MGR fundamental statistics
Market cap	AU$8.33b
Earnings (TTM)	-AU$805.00m
Revenue (TTM)	AU$3.04b

2.7x

P/S Ratio

-10.3x

P/E Ratio

Is MGR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MGR income statement (TTM)
Revenue	AU$3.04b
Cost of Revenue	AU$2.12b
Gross Profit	AU$918.00m
Other Expenses	AU$1.72b
Earnings	-AU$805.00m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.20
Gross Margin	30.25%
Net Profit Margin	-26.52%
Debt/Equity Ratio	49.1%

How did MGR perform over the long term?

See historical performance and comparison

Dividends

5.0%

Current Dividend Yield

67%

Payout Ratio

MGR Stock Overview

Rewards

Risk Analysis

Mirvac Group Competitors

ASX:GPT

AU$8.8b

ASX:SGP

AU$12.4b

ASX:CHC

AU$7.3b

ASX:GOZ

AU$1.9b

Price History & Performance

Recent News & Updates

Mirvac Group Appoints Rosemary Hartnett as Non-Executive Director, Effective December 2, 2024

Mirvac Group, Annual General Meeting, Nov 15, 2024

Full year 2024 earnings released: AU$0.20 loss per share (vs AU$0.042 loss in FY 2023)

Mirvac Group to Report Fiscal Year 2024 Results on Aug 08, 2024

First half dividend of AU$0.06 announced

Keppel REIT (Australia) Sub-Trust 8 acquired 50% stake in 255 George Street, a freehold Grade A office building in Sydney, Australia from Mirvac Wholesale Office Fund I which is managed by Mirvac Group (ASX:MGR).

Recent updates

Mirvac Group Appoints Rosemary Hartnett as Non-Executive Director, Effective December 2, 2024

Mirvac Group, Annual General Meeting, Nov 15, 2024

Full year 2024 earnings released: AU$0.20 loss per share (vs AU$0.042 loss in FY 2023)

Mirvac Group to Report Fiscal Year 2024 Results on Aug 08, 2024

First half dividend of AU$0.06 announced

Keppel REIT (Australia) Sub-Trust 8 acquired 50% stake in 255 George Street, a freehold Grade A office building in Sydney, Australia from Mirvac Wholesale Office Fund I which is managed by Mirvac Group (ASX:MGR).

Keppel REIT (Australia) Sub-Trust 8 agreed to acquire 50% stake in 255 George Street, a freehold Grade A office building in Sydney, Australia from Mirvac Wholesale Office Fund I which is managed by Mirvac Group (ASX:MGR) for AUD 363.8 million.

Keppel REIT (Australia) Sub-Trust 8 agreed to acquire 50% stake in 255 George Street, a freehold Grade A office building in Sydney, Australia from Mirvac Wholesale Office Fund I which is managed by Mirvac Group (ASX:MGR) for AUD 363.8 million.

First half 2024 earnings released: AU$0.051 loss per share (vs AU$0.055 profit in 1H 2023)

Upcoming dividend of AU$0.045 per share at 5.1% yield

Mirvac Group to Report First Half, 2024 Results on Feb 08, 2024

Mirvac Group Declares Dividend for the Six Months Ending December 31, 2023, Payable on February 29, 2024

Now 21% undervalued after recent price drop

Mirvac Group Announces Management Changes

Mirvac Group (ASX:MGR) and Pacific Equity Partners Secure Assets Fund, L.P. managed by Pacific Equity Partners and Tasman Capital Partners entered into binding agreement to acquire Serenitas Management.

Mirvac Group to Report Q1, 2024 Results on Oct 25, 2023

New major risk - Financial position

Full year 2023 earnings released: AU$0.042 loss per share (vs AU$0.23 profit in FY 2022)

Upcoming dividend of AU$0.053 per share at 4.5% yield

Mirvac Group Announces Fully Paid Distribution for the Six Months Ended June 30, 2023, Payable on August 31, 2023

Mirvac Group, Annual General Meeting, Nov 16, 2023

Independent Non-Executive Chair recently bought AU$66k worth of stock

Independent Non-Executive Director recently bought AU$73k worth of stock

First half 2023 earnings released: EPS: AU$0.055 (vs AU$0.14 in 1H 2022)

Upcoming dividend of AU$0.052 per share

Independent Non-Executive Director recently bought AU$91k worth of stock

Mirvac Group Declares Dividend for the Six Months Ending December 31, 2022, Payable on February 28, 2023

Mirvac Group Announces CEO Changes

Mirvac Group Announces Retirement Plan of Susan Lloyd-Hurwitz as Chief Executive Officer from June 30, 2023

Mirvac Group, Annual General Meeting, Nov 18, 2022

Full year 2022 earnings released: EPS: AU$0.23 (vs AU$0.23 in FY 2021)

Upcoming dividend of AU$0.051 per share

Mirvac Group Announces Fully Paid Distribution for the Six Months Ended June 30, 2022, Payable on August 31, 2022

Blackstone Reportedly Looks At AMP Capital

Revelop completed the acquisition of Tramsheds in Sydney from Mirvac Group (ASX:MGR).

An unknown buyer agreed to acquire Tramsheds and Quay West Carpark in Sydney from Mirvac Group (ASX:MGR).

First half 2022 earnings: EPS in line with expectations, revenues disappoint

Mirvac Group Announces Fully Paid Distribution for the Six Months Ended December 31, 2021, Payable on February 28, 2022

Upcoming dividend of AU$0.051 per share

CEO, MD & Executive Director recently bought AU$193k worth of stock

CEO, MD & Executive Director recently sold AU$942k worth of stock

Full year 2021 earnings released: EPS AU$0.23 (vs AU$0.14 in FY 2020)

An unknown buyer agreed to acquire Cherrybrook Village in Sydney from Mirvac Group (ASX:MGR) for approximately AUD 130 million.

Upcoming dividend of AU$0.051 per share

First half 2021 earnings released: EPS AU$0.10 (vs AU$0.16 in 1H 2020)

LOGOS Reportedly Taps Moelis in Bid for Milestone Logistics

New 90-day high: AU$2.76

Mirvac Group Announces Management Changes

Mirvac Group Announces Director Resignation - Peter Hawkins

Mirvac Group Announces Changes to Operating Structure

Mirvac Group Not Provides Earnings Guidance for the Full Year of 2021

Earnings released

New 90-day low - AU$2.06

Shareholder Returns

Price Volatility

About the Company

Mirvac Group Fundamentals Summary

2.7x

-10.3x