Goodman Group

GMG: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$56.00	Lnghbt	Npyptrnp

Pushing More Development to Goodman Partnerships Could Be a Long-Term Catalyst

Nov 14, 2017

Goodman Group’s operational update for the September quarter revealed the business continues to benefit from very supportive market conditions. Fiscal 2018 guidance was reiterated for 6% growth in operating earnings to AUD 45.7 cents per security. Our earnings forecast and AUD 8.20 fair value estimate are both unchanged for the narrow moat-rated firm. We continue to like Goodman’s strategy and growth prospects, but see this as fully reflected in the current share price.

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