Morningstar

Goodman Group GMG

Morningstar Rating
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Stock XASX Rating as of
A$35.93 −0.41 (1.13%)
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As of Delayed Price Closed

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Price vs Fair Value

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GMG is trading at a 548% premium.
Price
A$35.93
Fair Value
A$71.00
Uncertainty
Medium
1-Star Price
A$34.30
5-Star Price
A$39.70
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Investment in industrial property remains high as retailers invest in e-commerce and logistics, and alternative uses such as residential and data centers add appeal.

Bears

Falling interest rates, and strong demand for industrial property from investors and tenants helped Goodman Group. It remains to be seen how Goodman will manage the headwinds of higher interest rates and potentially lower demand for industrial property.

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Trading Information

Previous Close Price
A$36.34
Day Range
A$35.78–36.44
52-Week Range
A$19.79–37.17
Bid/Ask
A$35.78 / A$36.25
Market Cap
A$68.68 Bil
Volume/Avg
2.8 Mil / 3.6 Mil

Key Statistics

Price/Earnings (Normalized)
32.63
Price/Sales
35.45
Dividend Yield (Trailing)
0.84%
Dividend Yield (Forward)
0.84%
Total Yield
0.84%

Company Profile

Goodman Group develops and manages industrial property investments worldwide. Rather than keeping all risk on its own balance sheet, many Goodman developments are on behalf of end-user tenants and funds management clients. A typical deal involves purchasing land for a tenant who wants to occupy the site, and/or an investor who will own the asset via a Goodman investment vehicle. Goodman charges leasing fees for locking in tenants, and fees for managing the development. Completed projects reside in Goodman investment vehicles, and Goodman charges asset and investment management fees to investors, in return for collecting rent and managing the site. Goodman also retains a minority stake in many projects, generating rental income and aligning its interests with its funds management clients.
Sector
Real Estate
Industry
Real Estate - Diversified
Stock Style Box
Large Growth
Total Number of Employees
950
Website
https://www.goodman.com

Competitors

Valuation

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Metric
GMG
CHC
DXS
Price/Earnings (Normalized)
 32.6314.09—
Price/Book Value
 3.892.700.80
Price/Sales
 35.4515.339.27
Price/Cash Flow
 57.3318.1213.31
Price/Earnings
GMG
CHC
DXS

Financial Strength

Metric
GMG
CHC
DXS
Quick Ratio
 1.421.790.39
Current Ratio
 1.772.100.95
Interest Coverage
 −1.52−3.23−9.57
Quick Ratio
GMG
CHC
DXS

Profitability

Metric
GMG
CHC
DXS
Return on Assets (Normalized)
 8.67%−4.62%−7.51%
Return on Equity (Normalized)
 11.58%−5.85%−11.38%
Return on Invested Capital (Normalized)
 9.57%−4.67%−8.02%
Return on Assets
GMG
CHC
DXS

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