We retain our AUD 4.55 fair value estimate for no-moat Stockland as we transition coverage to a new analyst. At current prices, Stockland's securities screen as fairly valued.
Population growth has resumed at a rapid pace, which should underpin Stockland’s residential development sales, and retail rents.
Stockland has exposure to retail department stores, one of the hardest-hit segments in the entire property space.
|
Metric
|
SGP
|
GPT
|
MGR
|
|---|---|---|---|
Price/Earnings (Normalized) | 20.34 | 120.77 | 34.75 |
Price/Book Value | 1.05 | 0.79 | 0.80 |
Price/Sales | 4.14 | 9.41 | 3.58 |
Price/Cash Flow | 74.42 | 14.45 | 48.31 |
|
Metric
|
SGP
|
GPT
|
MGR
|
|---|---|---|---|
Quick Ratio | 0.60 | 0.20 | 0.36 |
Current Ratio | 1.76 | 0.74 | 2.20 |
Interest Coverage | 1.35 | −0.19 | −3.87 |
|
Metric
|
SGP
|
GPT
|
MGR
|
|---|---|---|---|
Return on Assets (Normalized) | 1.91% | 0.20% | 1.41% |
Return on Equity (Normalized) | 3.19% | 0.31% | 2.24% |
Return on Invested Capital (Normalized) | 1.43% | 1.05% | 1.05% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| VICI Properties Inc Ordinary Shares
VICI
| — | Bhyh | $32.2 Bil | |||
| W.P. Carey Inc
WPC
| — | Vkc | $13.3 Bil | |||
| Stockland Corp Ltd
STKAF
| — | Mxj | $6.9 Bil | |||
| Land Securities Group PLC ADR
LDSCY
| — | Hwwmr | $6.0 Bil | |||
| Land Securities Group PLC
LSGOF
| — | Szl | $6.0 Bil | |||
| UNITE Group PLC
UTGPF
| — | Qwd | $5.9 Bil | |||
| Covivio SA ADR
FNCDY
| — | Jxnf | $5.6 Bil | |||
| Covivio SA
GSEFF
| — | Dvpr | $5.6 Bil | |||
| GPT Group
GPTGF
| — | Vlhx | $5.5 Bil | |||
| Empire State Realty Trust Inc Class A
ESRT
| Vdphqkcf | Fgyy | $1.8 Bil |
