OTCPK:GPTG.F

Stock Analysis Report

Executive Summary

The GPT Group is one of Australia’s largest diversified property groups and a top 50 ASX listed company by market capitalisation.

Snowflake

Fundamentals

Average dividend payer and fair value.


Similar Companies

Share Price & News

How has GPT Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:GPTG.F

0.2%

US REITs

-1.0%

US Market


1 Year Return

n/a

OTCPK:GPTG.F

8.2%

US REITs

-0.4%

US Market

No trading data on GPTG.F.

No trading data on GPTG.F.


Share holder returns

GPTG.FIndustryMarket
7 Day0%0.2%-1.0%
30 Day0%2.0%-3.3%
90 Day0%2.9%0.4%
1 Yearn/a13.0%8.2%1.8%-0.4%
3 Yearn/a25.0%8.7%39.4%30.4%
5 Yearn/a58.7%25.0%54.2%37.1%

Price Volatility Vs. Market

How volatile is GPT Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is GPT Group undervalued based on future cash flows and its price relative to the stock market?

7.43x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

GPT Group's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

GPT Group's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

GPT Group is good value based on earnings compared to the US REITs industry average.

GPT Group is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

GPT Group earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

GPT Group is good value based on assets compared to the US REITs industry average.


Next Steps

Future Growth

How is GPT Group expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

-24.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

GPT Group's revenue is expected to grow by 4.1% yearly, however this is not considered high growth (20% yearly).

GPT Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

GPT Group's revenue growth is positive but not above the United States of America market average.

GPT Group's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

GPT Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

GPT Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has GPT Group performed over the past 5 years?

20.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

GPT Group has delivered over 20% year on year earnings growth in the past 5 years.

GPT Group's 1-year earnings growth is less than its 5-year average (13.3% vs 20.2%)

GPT Group's earnings growth has not exceeded the US REITs industry average in the past year (13.3% vs 16%).


Return on Equity

GPT Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

GPT Group used its assets more efficiently than the US REITs industry average last year based on Return on Assets.


Return on Capital Employed

GPT Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is GPT Group's financial position?


Financial Position Analysis

GPT Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

GPT Group's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

GPT Group's level of debt (42%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (35.4% vs 42% today).

Debt is not well covered by operating cash flow (12.6%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 3.8x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.1x debt.


Next Steps

Dividend

What is GPT Group's current dividend yield, its reliability and sustainability?

4.63%

Expected Dividend Yield


Dividend Yield and Payments Analysis

GPT Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

GPT Group's dividend is above the markets top 25% of dividend payers in United States of America (3.69%).

GPT Group has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Dividend payments have increased, but GPT Group only paid a dividend in the past 9 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.3x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be thoroughly covered by earnings (2325.6x coverage).


Next Steps

Management

What is the CEO of GPT Group's salary, the management and board of directors tenure and is there insider trading?

3.5yrs

Average management tenure


CEO

Bob Johnston (56yo)

3.7yrs

Tenure

AU$3,928,719

Compensation

Mr. Robert William Johnston, also known as Bob, B. Eng (Electrical) (Honours 1), has been the Chief Executive for Project Management of Construction and PFI of Lend Lease Corp. Ltd. since July 8, 2005. Mr. ...


CEO Compensation Analysis

Bob's remuneration is lower than average for companies of similar size in United States of America.

Bob's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.5yrs

Average Tenure

The tenure for the GPT Group management team is about average.


Board Age and Tenure

3.8yrs

Average Tenure

59yo

Average Age

The tenure for the GPT Group board of directors is about average.


Insider Trading

No 3 month insider trading information.


Recent Insider Transactions

BuyUS$33,93914 Aug 19
Angus McNaughton
EntityIndividual
Role
Member of the Board of Directors
Shares8,196
Max PriceUS$4.14
BuyUS$203,241,99429 Jan 19
State Street Global Advisors, Inc.
EntityCompany
Shares49,940,928
Max PriceUS$4.10
SellUS$105,402,89529 Jan 19
State Street Global Advisors, Inc.
EntityCompany
Shares25,767,222
Max PriceUS$4.11
BuyUS$198,923,01127 Dec 18
The Vanguard Group, Inc.
EntityCompany
Shares49,797,768
Max PriceUS$3.99
SellUS$119,857,99627 Dec 18
The Vanguard Group, Inc.
EntityCompany
Shares30,010,681
Max PriceUS$3.99

Ownership Breakdown


Management Team

  • Brett Ward

    Head of Investor Relations & Corporate Affairs

  • Nicholas Harris

    Head of Funds Management

    • Tenure: 3.4yrs
    • Compensation: A$1.70m
  • Chris Barnett

    Head of Retail

    • Tenure: 0.1yrs
  • James Coyne

    General Counsel & Company Secretary

    • Tenure: 15.3yrs
    • Compensation: A$1.07m
  • Matthew Faddy

    Head of Office & Logistics

    • Tenure: 3.5yrs
    • Compensation: A$1.22m
  • Mark Fookes

    Chief Operating Officer

    • Tenure: 3.5yrs
    • Compensation: A$1.88m
  • Jacqui O'Dea

    Chief Risk Officer

    • Tenure: 0.1yrs
  • Anastasia Clarke

    Chief Financial Officer

    • Tenure: 3.5yrs
    • Compensation: A$1.78m
  • Bob Johnston (56yo)

    CEO, MD & Director

    • Tenure: 3.7yrs
    • Compensation: A$3.93m
  • Phil Taylor

    Head of People & Performance

    • Compensation: A$401.07k

Board Members

  • Tracey Horton (54yo)

    Non-Executive Director

  • Gene Tilbrook (65yo)

    Non-Executive Director

    • Tenure: 9.0yrs
    • Compensation: A$201.49k
  • Swe Guan Lim (64yo)

    Non-Executive Director

    • Tenure: 4.2yrs
    • Compensation: A$204.58k
  • Angus McNaughton

    Non- Executive Director

    • Tenure: 0.5yrs
    • Compensation: A$30.57k
  • Bob Johnston (56yo)

    CEO, MD & Director

    • Tenure: 4.3yrs
    • Compensation: A$3.93m
  • Vickki McFadden (59yo)

    Chairman of the Board

    • Tenure: 1.0yrs
    • Compensation: A$306.33k
  • Michelle Somerville

    Non-Executive Director

    • Tenure: 3.4yrs
    • Compensation: A$223.93k

Company Information

GPT Group's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: GPT Group
  • Ticker: GPTG.F
  • Exchange: OTCPK
  • Founded: 1971
  • Industry: diversified reits
  • Sector: real estate
  • Market Cap: AU$10.667b
  • Listing Market Cap: AU$7.331b
  • Shares outstanding: 1.80b
  • Website: Click here

Location

  • GPT Group
  • MLC Centre
  • Level 51
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GPTASX (Australian Securities Exchange)YesStapled SecuritiesAUAUDNov 1980
GPTG.FOTCPK (Pink Sheets LLC)YesStapled SecuritiesUSUSDNov 1980
46TDB (Deutsche Boerse AG)YesStapled SecuritiesDEEURNov 1980
GPTCHIA (Chi-X Australia)YesStapled SecuritiesAUAUDNov 1980

Biography

The GPT Group is one of Australia’s largest diversified property groups and a top 50 ASX listed company by market capitalisation. GPT owns and manages a $24 billion portfolio of offices, logistics, busines ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/05/20 02:15
End of Day Share Price2019/02/19 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


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.