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Stockland Corp Ltd SGP

Morningstar Rating
A$4.38 −0.12 (2.67%)
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Price vs Fair Value

SGP is trading at a 4% discount.
Price
A$4.38
Fair Value
A$3.58
Uncertainty
Medium
1-Star Price
A$3.19
5-Star Price
A$2.67
Economic Moat
Cpfj
Capital Allocation
Hrznbgls
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Trading Information

Previous Close Price
A$4.50
Day Range
A$4.364.44
52-Week Range
A$3.494.90
Bid/Ask
A$4.37 / A$4.40
Market Cap
A$10.46 Bil
Volume/Avg
6.3 Mil / 6.1 Mil

Key Statistics

Price/Earnings (Normalized)
20.15
Price/Sales
4.10
Dividend Yield (Trailing)
4.98%
Dividend Yield (Forward)
4.98%
Total Yield
5.27%

Company Profile

Stockland is Australia’s largest housing developer, and this division generates about a third of the group’s funds-from-operations. Near 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.
Sector
Real Estate
Industry
REIT - Diversified
Stock Style Box
Large Value
Total Number of Employees
1,013

Competitors

Valuation

Metric
SGP
LLC
GPT
Price/Earnings (Normalized)
20.15231.29113.39
Price/Book Value
1.040.670.74
Price/Sales
4.100.428.83
Price/Cash Flow
73.7513.57
Price/Earnings
SGP
LLC
GPT

Financial Strength

Metric
SGP
LLC
GPT
Quick Ratio
0.600.590.20
Current Ratio
1.761.020.74
Interest Coverage
1.35−1.36−0.19
Quick Ratio
SGP
LLC
GPT

Profitability

Metric
SGP
LLC
GPT
Return on Assets (Normalized)
1.91%−2.07%0.20%
Return on Equity (Normalized)
3.19%−5.66%0.31%
Return on Invested Capital (Normalized)
1.43%−4.06%1.05%
Return on Assets
SGP
LLC
GPT
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REIT - Diversified Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
VICI
VICI Properties Inc Ordinary SharesGhf$28.7 Bil
WPC
W.P. Carey IncMyc$12.3 Bil
STKAF
Stockland Corp LtdDhpdx$6.8 Bil
LDSCY
Land Securities Group PLC ADRQtrk$5.9 Bil
LSGOF
Land Securities Group PLCNgkr$5.9 Bil
FBASF
Fibra Uno Administracion SA de CV Certificados Bursatiles Fiduciarios InmobNgptl$5.8 Bil
MRVGF
Mirvac GroupPcj$5.5 Bil
GPTGF
GPT GroupDvflp$5.2 Bil
UTGPF
UNITE Group PLCYmdn$5.0 Bil
ESRT
Empire State Realty Trust Inc Class ASgtxcdrwDml$1.5 Bil

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