Mirvac's residential sales, excluding conditional deposits, plunged more than 70% in the September quarter from the previous three months. The settlement default rate on a rolling 12-month basis ticked up to 1.1% from 0.3% three months ago, though still below the long-run average of 1.8%.
Strong population growth should underpin Mirvac’s earnings, particularly residential sales, and rents in the retail, industrial, build-to-rent, and land-lease sectors.
While Mirvac has some high-quality office assets, it also has significant exposure to the non-CBD office markets, where we expect occupancy recovery will be slower than towers in city centers.
|
Metric
|
MGR
|
DXS
|
SGP
|
|---|---|---|---|
Price/Earnings (Normalized) | 11.64 | 9.76 | 10.81 |
Price/Book Value | 0.77 | 0.61 | 0.95 |
Price/Sales | 2.76 | 9.58 | 2.83 |
Price/Cash Flow | 8.21 | 11.63 | 11.60 |
|
Metric
|
MGR
|
DXS
|
SGP
|
|---|---|---|---|
Quick Ratio | 0.27 | 0.18 | 0.70 |
Current Ratio | 0.84 | 0.28 | 1.69 |
Interest Coverage | 3.64 | 2.02 | 7.34 |
|
Metric
|
MGR
|
DXS
|
SGP
|
|---|---|---|---|
Return on Assets (Normalized) | 4.02% | 3.51% | 4.85% |
Return on Equity (Normalized) | 6.48% | 5.40% | 8.59% |
Return on Invested Capital (Normalized) | 4.07% | 3.62% | 4.54% |
|
1-Day Chart
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Name
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Price
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Morningstar Rating for Stocks
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United States