Goodman Group
GMG: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$79.00 | Pqvcjv | Tptcwcksld |
Goodman’s Focus on Quality Locations Underpins Rent Growth; FVE unchanged at AUD 10.20
The first-quarter fiscal 2019 operational update from Goodman Group contained no material new financial information, with guided growth in fiscal 2019 earnings and distributions reaffirmed at 7%. Our fair value estimate remains at AUD 10.20 and narrow-moat-rated Goodman screens as fairly valued at current levels.