Goodman Group is one of the world’s premier developers and managers of industrial property projects and investments. The group was co-founded in Australia by Gregory Goodman who remains CEO, and now has projects and customers in Asia, Europe, and the Americas.
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.
Falling interest rates, strong demand for industrial property from investors and tenants helped Goodman Group. It remains to be seen how Goodman will manage if those tailwinds turn into headwinds of higher interest rates and lower demand for industrial property.
|
Metric
|
GMG
|
PLD
|
CHC
|
|---|---|---|---|
Price/Earnings (Normalized) | 38.25 | 38.53 | 11.51 |
Price/Book Value | 20.26 | 1.80 | 1.85 |
Price/Sales | 39.97 | 11.99 | 9.00 |
Price/Cash Flow | 63.92 | 18.38 | 11.99 |
|
Metric
|
GMG
|
PLD
|
CHC
|
|---|---|---|---|
Quick Ratio | 0.90 | 0.18 | 2.57 |
Current Ratio | 1.20 | 0.32 | 2.71 |
Interest Coverage | 3.32 | 6.32 | −3.47 |
|
Metric
|
GMG
|
PLD
|
CHC
|
|---|---|---|---|
Return on Assets (Normalized) | 4.36% | 3.93% | −4.50% |
Return on Equity (Normalized) | 5.96% | 6.71% | −5.63% |
Return on Invested Capital (Normalized) | 4.67% | 4.89% | −4.69% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
GDVTZ
| Gould Investors LP | — | Jmgsrt | $303.5 Bil | |
GMGSF
| Goodman Group | — | Sqxscx | $37.8 Bil | |
MTSFF
| Mitsui Fudosan Co Ltd | — | Smkw | $27.3 Bil | |
MTSFY
| Mitsui Fudosan Co Ltd ADR | — | Dydmy | $27.3 Bil | |
MITEF
| Mitsubishi Estate Co Ltd | — | Tyygr | $23.1 Bil | |
MITEY
| Mitsubishi Estate Co Ltd ADR | — | Ljbd | $22.9 Bil | |
HLDCY
| Henderson Land Development Co Ltd ADR | — | Cdyq | $14.6 Bil | |
HLDVF
| Henderson Land Development Co Ltd | — | Rcbw | $14.3 Bil | |
SPHXF
| SM Prime Holdings Inc | — | Jbgnj | $14.1 Bil | |
DIFTY
| Daito Trust Construction Co Ltd ADR | — | Zkfzcl | $7.1 Bil |
