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Stockland Corp Ltd SGP Stock Quote

Morningstar Rating
| Rating as of

XASX: SGP

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Market Closed

| Currency in AUD

  • Last Close 3.98
  • Sector Real Estate
  • Industry REIT - Diversified
  • Investment Style Mid Value
  • Day Range 3.89  –  3.98
  • Year Range 3.16  –  4.59
  • Market Cap 9.5009 Bil
  • Volume / Avg 5.4 Mil /  7.0 Mil
  • Price / Sales 3.40
  • Price / Book 0.93
  • Forward Div Yield 6.34%
  • Trailing Div Yield 6.26%

Morningstar‘s Stock Analysis SGP

Valuation
Currency in —
Is it the right time to buy or sell?
Find out with Morningstar Investor
Is it the right time to buy or sell?
Find out with Morningstar Investor

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Stockland Earnings: Holding Ground While Conditions Are Tough, Well Positioned for Upturn

Alexander Prineas Equity Analyst

Analyst Note

| Alexander Prineas |

Stockland revealed fiscal 2023 funds from operations, or FFO, of AUD 35.6 cents per share, ahead of our AUD 33.4 cents per share estimate. Despite headwinds in the housing market, no-moat Stockland maintained an attractive 26% development margin in its residential development business. Distributions per security of AUD 26.2 cents per share were slightly ahead of our AUD 25.5 cents per share estimate. Time value of money and the beat of our 2023 estimates increases our fair value estimate by 3% to AUD 4.50. After a 25% rally since September 2022, Stockland securities aren’t as cheap as they were but still screen as slightly undervalued.

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Key Statistics SGP

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Company Profile SGP

Business Description

Stockland is Australia’s largest housing developer, and this division generates about a third of the group’s funds-from-operations. Nearly two thirds comes from commercial property, about half of which is retail. It also has a growing land-lease business. The mix is evolving. Earnings from the residential development division are volatile though we expect volumes and margins to improve over the next five years, after a challenging 2023 where interest rate rises caused house price falls. In commercial property the group is trimming retail and adding office and industrial via acquisitions and developments. Stockland-stapled securities comprise one share in the corporation that largely operates developments and one unit in a trust that holds the property portfolio.

Contact
133 Castlereagh Street, Level 25
Sydney, NSW, 2000, AUS
Sector Real Estate
Industry REIT - Diversified
Employees 1,013

Related Articles SGP

Quarter-End Insights

Real Estate: Fundamentals Still Show Solid Growth

Amid rising interest rates and slowing construction starts, underlying commercial real estate performance is healthy.
Morningstar Morningstar
Quarter-End Insights

Real Estate: For the Strong Stomached, Commercial Real Estate Looking More Attractive

After the recent market sell-off, the real estate sector looks more reasonably valued.
Todd Lukasik

Competitors & Peers SGP

More on SGP’s Competitors & Peers

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

Stockland Corp Ltd

XASX: SGP

Lendlease Group

XASX: LLC

GPT Group

XASX: GPT

Mirvac Group

XASX: MGR
Price
3.987.143.952.16
Currency
AUDAUDAUDAUD
Change
+$0.04 (1.02%) +$0.12 (1.71%) $0.00 (0.00%) +$0.01 (0.47%)
Market Cap
9.50 Bil4.92 Bil7.57 Bil8.52 Bil
Industry
REIT - Diversified Real Estate - Diversified REIT - Diversified REIT - Diversified
Sector
Real Estate
Real Estate
Real Estate
Real Estate

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

FAQs for Stockland Corp Ltd Stock

Yes. SGP has a forward dividend yield of 6.58%. See SGP’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.

SGP’s market cap is 9.50 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.

SGP’s stock style is Mid Value.
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.

SGP’s price/sales is 3.40.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

SGP’s price/forward earnings is 21.81.
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.

SGP’s price/book is 0.93.
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 SGP’s valuation ratios compared to the Market Index.

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