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Goodman Group GMG Stock Quote

| Rating as of

XASX: GMG

After hours: 21.70 0.00 | 0.00 %

| Currency in AUD

  • Last Close 21.70
  • Sector Real Estate
  • Industry Real Estate - Diversified
  • Investment Style Large Growth
  • Day Range 21.68  –  22.08
  • Year Range 15.57  –  23.39
  • Market Cap 41.2123 Bil
  • Volume / Avg 6.8 Mil /  3.7 Mil
  • Price / Sales 21.93
  • Price / Book 2.32
  • Forward Div Yield 1.49%
  • Trailing Div Yield 1.14%

Morningstar‘s Stock Analysis GMG

Valuation
Currency in
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Goodman Group Earnings: Strong Result, but Signs of Moderating Growth

Alexander Prineas Equity Analyst

Analyst Note

| Alexander Prineas |

Narrow-moat Goodman Group’s fiscal 2023 result saw operating earnings per security, or OEPS, growth of 16% to AUD 94.3 cents. Distributions were flat at AUD 30 cents per security, with the firm retaining capital for developments, opportunistic buying, and balance sheet strength. Guidance for fiscal 2023 is for OEPS growth of 9%. We think slowing growth reflects risks from higher interest rates and construction costs. Management says the latter has stabilised, but is elevated compared with 2019. We also expect consumer demand to slow in the near term amid recessionary fears.

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Key Statistics GMG

Company Profile GMG

Business Description

Goodman Group develops and manages industrial property investments worldwide. Rather than taking all risks on its own balance sheet, most 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 retains a minority stake in many projects, generating rental income and aligning its interests with its funds management clients.

Contact
1-11 Hayes Road, The Hayesbery, Rosebery
Sydney, NSW, 2018, AUS
Industry Real Estate - Diversified
Employees 950

Related Articles GMG

Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of GMG’s competitive advantage.

Goodman Group

XASX: GMG

Prologis Inc

XNYS: PLD

First Industrial Realty Trust Inc

XNYS: FR

Charter Hall Group

XASX: CHC
Price
21.70114.5549.249.67
Currency
AUDUSDUSDAUD
Change
−$0.48 (2.16%) −$6.36 (5.26%) −$1.72 (3.38%) −$0.09 (0.92%)
Market Cap
41.21 Bil105.83 Bil6.51 Bil4.57 Bil
Industry
Real Estate - Diversified REIT - Industrial REIT - Industrial Real Estate - Diversified
Sector
Real Estate
Real Estate
Real Estate
Real Estate

* Trading data in this section is delayed by at least 15 minutes.

FAQs for Goodman Group Stock

Yes. GMG has a forward dividend yield of 1.35%. See GMG’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

GMG’s market cap is 41.21 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

GMG’s stock style is Large Growth.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

GMG’s price/sales is 21.93.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

GMG’s price/forward earnings is 27.28.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

GMG’s price/book is 2.32.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See GMG’s valuation ratios compared to the Market Index.

GMG’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare GMG’s historical performance against its industry peers and the overall market.