Skip to Content

Goodman Group GMG

Morningstar Rating
A$35.70 +0.13 (0.37%)
View Full Chart
Unlock our analysis with Morningstar Investor

Company Report

Price vs Fair Value

GMG is trading at a 667% premium.
Price
A$35.70
Fair Value
A$24.00
Uncertainty
Medium
1-Star Price
A$82.80
5-Star Price
A$69.60
Economic Moat
Cbtbqk
Capital Allocation
Yrqyrjtdl

Bulls Say, Bears Say

Bulls

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.

Bears

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.

Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if GMG is a good fit for your portfolio.

News

Trading Information

Previous Close Price
A$35.57
Day Range
A$35.0135.92
52-Week Range
A$19.4835.95
Bid/Ask
A$37.27 / A$34.38
Market Cap
A$67.80 Bil
Volume/Avg
3.3 Mil / 3.3 Mil

Key Statistics

Price/Earnings (Normalized)
44.33
Price/Sales
35.13
Dividend Yield (Trailing)
0.84%
Dividend Yield (Forward)
0.84%
Total Yield
0.84%

Company Profile

Goodman Group develops and manages industrial property investments worldwide. Rather than taking all risks on its own balance sheet, many 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.
Sector
Real Estate
Industry
Real Estate - Diversified
Stock Style Box
Large Core
Total Number of Employees
950

Competitors

Valuation

Metric
GMG
CHC
DXS
Price/Earnings (Normalized)
44.33
Price/Book Value
3.862.040.65
Price/Sales
35.139.948.69
Price/Cash Flow
74.4213.2312.62
Price/Earnings
GMG
CHC
DXS

Financial Strength

Metric
GMG
CHC
DXS
Quick Ratio
1.232.570.26
Current Ratio
1.642.710.47
Interest Coverage
1.39−3.47−7.57
Quick Ratio
GMG
CHC
DXS

Profitability

Metric
GMG
CHC
DXS
Return on Assets (Normalized)
2.11%−4.50%−5.52%
Return on Equity (Normalized)
2.79%−5.63%−8.08%
Return on Invested Capital (Normalized)
2.24%−4.69%−5.93%
Return on Assets
GMG
CHC
DXS
See how this stock stacks up to its competitors with Morningstar Investor

Real Estate - Diversified Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Gould Investors LP
GDVTZ
Rbrpf$300.1 Bil
Goodman Group
GMGSF
Fhgdqm$45.7 Bil
Mitsui Fudosan Co Ltd ADR
MTSFY
Nrpn$27.2 Bil
Mitsui Fudosan Co Ltd
MTSFF
Xwrb$27.2 Bil
Mitsubishi Estate Co Ltd ADR
MITEY
Rwst$21.1 Bil
Mitsubishi Estate Co Ltd
MITEF
Gjsjs$21.1 Bil
SM Prime Holdings Inc
SPHXF
Qdvj$14.5 Bil
Henderson Land Development Co Ltd
HLDVF
Rzpw$14.5 Bil
Henderson Land Development Co Ltd ADR
HLDCY
Qxby$14.5 Bil
Fastighets AB Balder Class B
BALDF
Smt$9.3 Bil

Sponsor Center