Goodman Group (GMG) - Research

$15.500 0.65 (4.38%)

GMG General Information +

ASX Code GMG
Website http://www.goodman.com
GICS Sub-Industry Industrial REITs
Market Cap ($M) 28,115
Current Price $15.500
Day High $15.750
Day Low $15.370
Last Close $14.850
Price Movement $0.65 ( 4.38% )
Prices as at 16:40, 23 Aug 2019
+Security prices are delayed by at least 20 minutes and are indicative only.

Recommendation


Goodman Group (GMG)
BUY
below
HOLD
up to
SELL
above
Current Price
$15.500 as at 16:40, 23 Aug 2019

Price at review
$15.500 on 29 Mar 19

Business Risk

Share Price Risk

GMG Related Research

GMG Company Overview

Business Description

Goodman Group (GMG) is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom, North America and Brazil. GMG comprised of the stapled entities Goodman Limited, Goodman Industrial Trust and Goodman Logistics (HK) Limited. GMG operates four divisions namely Property Investment, Fund Management, Property Services and Property Development. As at 30th June 2018, GMG has $38.3bn assets under management and 366 properties.

GMG Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2021 F 1,053.69 55.76 0.50% 27.80 31.00 2.00% 0.0%
2020 F 1,039.67 55.48 9.70% 27.94 30.00 1.94% 0.0%
2019 A 942.30 50.55 11.00% 23.01 30.00 2.58% 0.0%

GMG Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2019 A 2020 F 2021 F 2019 A 2020 F 2021 F 2019 A 2020 F 2021 F
APN Industria REIT (ADI) $531M 0.1039 0.0000 0.0000 15.4863 0.0000 0.0000 5.63% 0.00% 0.00%
Centuria Industrial REIT (CIP) $1,012M -0.3271 0.0000 0.0000 24.7059 0.0000 0.0000 5.48% 0.00% 0.00%
Goodman Gp (GMG) $26,936M 0.5141 -0.0946 0.0940 26.3158 29.0664 26.5700 1.89% 2.02% 2.10%

GMG Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 1.20 20.60 2.67 0.00
Market 0.84 16.70 1.49 1.65
Sector 0.73 17.90 1.13 1.27

GMG Directors

Name Position Start Date
Mr Gregory (Greg) Leith Goodman Chief Executive Officer, Executive Director 7 Aug 1998
Mr Anthony Rozic Deputy Chief Executive Officer, Executive Director 1 Jan 2013
Mr Danny Peeters Executive Director 1 Jan 2013
Mr Stephen Paul Johns Non-Executive Director 1 Jan 2017
Mr Philip (Phil) Pryke Non-Executive Director 13 Oct 2010
Ms Penelope (Penny) Ann Winn Non-Executive Director 1 Feb 2018
Ms Rebecca Joy McGrath Non-Executive Director 3 Apr 2012
Mr Christopher Green Non-Executive Director 28 Apr 2019
Mr Ian Douglas Ferrier Non-Executive Director, Non-Executive Chairman 1 Sep 2003

GMG Management

Name Position
Carl Bicego Company Secretary

GMG Substantial Shareholders

Holding Name
168,462,083 (9.29%) Leader Investment Corporation and China Investment Corporation
147,689,591 (8.14%) BlackRock, Inc
144,760,798 (7.98%) Vanguard Group

GMG Calendar of Events

Date Event
21 August 2020 Report (Prelim)
13 February 2020 Report (Interim)
25 September 2019 Report (Annual)
09 September 2019 Div Pay Date

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