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Mirvac Group MRVGF

Morningstar Rating
$1.41 −0.02 (1.40%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

MRVGF is trading at a 27% discount.
Price
$1.42
Fair Value
$8.87
Uncertainty
High
1-Star Price
$8.58
5-Star Price
$8.55
Economic Moat
Vgcpv
Capital Allocation
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Trading Information

Previous Close Price
$1.43
Day Range
$1.411.41
52-Week Range
$0.981.68
Bid/Ask
$1.38 / $1.55
Market Cap
$5.56 Bil
Volume/Avg
42,426 / 6,602

Key Statistics

Price/Earnings (Normalized)
46.52
Price/Sales
3.67
Dividend Yield (Trailing)
4.51%
Dividend Yield (Forward)
2.69%
Total Yield
4.51%

Company Profile

Mirvac is one of Australia’s largest residential developers, particularly apartments. Residential development earnings are volatile, generating about a fifth of EBIT in fiscal 2023, despite requiring only about 15% of the group’s invested capital. Over our 10-year discrete forecast period we don't expect residential development to exceed the lofty peaks seen in 2017, when Mirvac settled 3,400 residential lots. After an expected trough in 2025 we forecast modest growth as Mirvac constructs housing into an under-supplied market. About 80% of Mirvac’s earnings come from a predictable commercial property portfolio, more than half of which is high-grade office and another fourth in retail, a small industrial portfolio, and a small but growing build-to-rent residential portfolio.
Sector
Real Estate
Industry
REIT - Diversified
Stock Style Box
Mid Value
Total Number of Employees
1,550

Competitors

Valuation

Metric
MRVGF
SGP
GPT
Price/Earnings (Normalized)
46.5217.28240.84
Price/Book Value
0.801.060.77
Price/Sales
3.674.209.26
Price/Cash Flow
49.5975.6014.22
Price/Earnings
MRVGF
SGP
GPT

Financial Strength

Metric
MRVGF
SGP
GPT
Quick Ratio
0.360.600.20
Current Ratio
2.201.760.74
Interest Coverage
−3.871.35−0.19
Quick Ratio
MRVGF
SGP
GPT

Profitability

Metric
MRVGF
SGP
GPT
Return on Assets (Normalized)
1.41%1.91%0.20%
Return on Equity (Normalized)
2.24%3.19%0.31%
Return on Invested Capital (Normalized)
1.05%1.43%1.05%
Return on Assets
MRVGF
SGP
GPT
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