Mirvac Group MRVGF
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.
Trading Information
- Previous Close Price
- $1.38
- Day Range
- $1.45–1.52
- 52-Week Range
- $0.98–1.62
- Bid/Ask
- $1.13 / $1.67
- Market Cap
- $5.72 Bil
- Volume/Avg
- 8,693 / 7,412
Key Statistics
- Price/Earnings (Normalized)
- 47.84
- Price/Sales
- 3.78
- Dividend Yield (Trailing)
- 4.38%
- Dividend Yield (Forward)
- 2.62%
- Total Yield
- 4.38%
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
- Website
- https://www.mirvac.com
Competitors
Valuation
|
Metric
|
MRVGF
|
SGP
|
GPT
|
|---|---|---|---|
Price/Earnings (Normalized) | 47.84 | 20.15 | 113.39 |
Price/Book Value | 0.83 | 1.04 | 0.74 |
Price/Sales | 3.78 | 4.10 | 8.83 |
Price/Cash Flow | 50.99 | 73.75 | 13.57 |
Price/Earnings
MRVGF
SGP
GPT
Financial Strength
|
Metric
|
MRVGF
|
SGP
|
GPT
|
|---|---|---|---|
Quick Ratio | 0.36 | 0.60 | 0.20 |
Current Ratio | 2.20 | 1.76 | 0.74 |
Interest Coverage | −3.87 | 1.35 | −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
REIT - Diversified Industry Comparables
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
VICI
| VICI Properties Inc Ordinary Shares | — | Gdcht | $28.7 Bil | |
WPC
| W.P. Carey Inc | — | Ggrz | $12.0 Bil | |
STKAF
| Stockland Corp Ltd | — | Qhzh | $6.8 Bil | |
LDSCY
| Land Securities Group PLC ADR | — | Qkkc | $5.9 Bil | |
LSGOF
| Land Securities Group PLC | — | Nwll | $5.9 Bil | |
FBASF
| Fibra Uno Administracion SA de CV Certificados Bursatiles Fiduciarios Inmob | — | Lmmnn | $5.8 Bil | |
GPTGF
| GPT Group | — | Jynd | $5.2 Bil | |
UTGPF
| UNITE Group PLC | — | Qcsn | $5.0 Bil | |
ESRT
| Empire State Realty Trust Inc Class A | Jwddgygs | Zcm | $1.5 Bil |