Mirvac Group (MGR) - Research

$3.210 0.04 (1.26%)

MGR General Information +

ASX Code MGR
Website http://www.mirvac.com
GICS Sub-Industry Diversified REITs
Market Cap ($M) 12,554
Current Price $3.210
Day High $3.210
Day Low $3.150
Last Close $3.170
Price Movement $0.04 ( 1.26% )
Prices as at 16:40, 18 Jun 2019
+Security prices are delayed by at least 20 minutes and are indicative only.

Recommendation


Mirvac Group (MGR)
BUY
below
HOLD
up to
SELL
above
Current Price
$3.210 as at 16:40, 18 Jun 2019

Price at review
$3.210 on 31 May 19

Max Portfolio Weighting

Business Risk

Share Price Risk

MGR Related Research

MGR Company Overview

Business Description

Mirvac Group (MGR) is involved in the Australian development and construction industry. It has a stapled security structure, comprising Mirvac Property Trust (MPT) and Mirvac Limited. They create, own and manage a diverse portfolio of assets across the office, retail, industrial and residential sectors.

MGR Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2020 F 686.59 17.54 2.60% 18.30 12.65 3.94% 0.0%
2019 F 632.74 17.10 4.30% 18.77 11.60 3.61% 0.0%
2018 A 608.00 16.39 13.70% 13.76 11.00 4.88% 0.0%

MGR Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2018 A 2019 F 2020 F 2018 A 2019 F 2020 F 2018 A 2019 F 2020 F
Charter Hall (CHC) $5,282M -0.1708 -0.1448 0.3794 21.6950 25.3691 18.3912 2.80% 3.00% 3.85%
Growthpoint Properties Australia (GOZ) $3,122M 0.1620 -0.2086 0.0391 15.0685 19.0413 18.3255 5.16% 5.36% 5.43%
GPT Group (GPT) $11,100M 0.0173 -0.2571 0.0277 13.7369 18.4907 17.9930 4.14% 4.29% 4.44%
Mirvac Group (MGR) $12,398M 1.4331 -0.6090 0.0517 7.4448 19.0390 18.1039 3.47% 3.67% 3.87%
Stockland (SGP) $10,300M 0.0991 -0.0935 -0.0011 11.1283 12.2762 12.2902 6.13% 6.39% 6.46%

MGR Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.82 18.30 1.38 0.00
Market 0.88 17.10 1.49 1.65
Sector 0.77 17.20 1.12 1.39

MGR Directors

Name Position Start Date
Ms Susan Lloyd-Hurwitz Chief Executive Officer, Managing Director 5 Nov 2012
Ms Samantha (sam) Joy Mostyn Non-Executive Director 1 Mar 2015
Mr Peter John Oswin Hawkins Non-Executive Director 19 Jan 2006
Ms Elana Rubin Non-Executive Director 11 Nov 2010
Mr James Morrison Millar Non-Executive Director 19 Nov 2009
Mr John Robert Peters Non-Executive Director 17 Nov 2011
Ms Christine Nildra Bartlett Non-Executive Director 1 Dec 2014
Mr Peter Stanley Nash Non-Executive Director 19 Nov 2018
Ms Jane Hewitt Non-Executive Director 10 Dec 2018
Dr John Francis Mulcahy Non-Executive Director, Non-Executive Chairman 19 Nov 2009

MGR Management

Name Position
Sean Ward Company Secretary

MGR Substantial Shareholders

Holding Name
351,916,040 (9.48%) Vanguard Group
309,658,577 (8.34%) BlackRock Group

MGR Calendar of Events

Date Event
06 February 2020 Report (Interim)
30 August 2019 Div Pay Date
08 August 2019 Report (Annual)
08 August 2019 Report (Prelim)
28 June 2019 Books Close
27 June 2019 Div Ex Date

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