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MGR · ASX

Mirvac Group (ASX:MGR)

AU$2.07

 0.06 (2.985%)
ASX:Live
26/07/2024 04:10:15 PM
HALO Ords HALO Growth HALO GARP HALO 50 HALO 200 +5
Consensus Score
/10
Recommend
Target Price
Deviation
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MGR Overview

MGR Health Scores

Short Term

Mean Reversion

Very Strong

Trend

Neutral

Event

Neutral

Halo Model

MQV

Neutral

GARP

Very Weak

MQV Small

Neutral

Valuation

Value

Consensus

Momentum

Price

Neutral

Earnings

Weak

Growth

Earnings

Very Weak

Dividends

Very Strong

Quality

Capital Efficiency

Strong

Balance Sheet

Very Strong

About MGR

Telephone

Address

Description

Mirvac Group engages in real estate investment, development, third party capital management, and property asset management. It operates through the following segments: Investment, Funds, and Development. The Investment segment engages in directly owned assets, co-investment stakes in funds, and investments in joint ventures and associates alongside capital partners. The Funds segment includes both funds management and asset management operations. The Development segment deals with commercial and mixed-used and residential projects. The company was founded by Henry Pollack and Robert Hamilton in 1972 and is headquartered in Sydney, Australia.

MGR Price Chart

Key Stats

Market Cap

AU$8.13B

PE

16.10

EV/EBITDA

16.8

Dividends Overview

DIV Yield

4.6%

Franking

N/A

Ex Dividend Date (est.)

N/A

Market Data

52 weeks range

Low 1.8 - 2.46

Trade Value (12mth)

AU$7,036,402.00

1 week

-1.95%

1 month

4.42%

YTD

-2.43%

1 year

-12.23%

All time high

5.60

Key Fundamentals

EPS 3 yr Growth

-129.500%

EBITDA Margin

28.30%

Operating Cashflow

-$57m

Free Cash Flow Return

-0.40%

ROIC

-1.10%

Interest Coverage

3.10

Quick Ratio

0.00

Other Data

Shares on Issue (Fully Dilluted)

3945m

HALO Sector

Next Company Report Date

08-Aug-24

Ex Dividend Date (est.)

N/A

Next Dividend Pay Date (est.)

N/A

Reporting Currency

AUD

Short Sell (% of issue)

1.98

MGR Announcements

Latest Announcements

Date Announcements

08 July 24

Change in substantial holding

×

Change in substantial holding

04 July 24

Notification of cessation of securities - MGR

×

Notification of cessation of securities - MGR

28 June 24

Mirvac Trading Update

×

Mirvac Trading Update

18 June 24

Dividend/Distribution - MGR

×

Dividend/Distribution - MGR

07 May 24

Notification of cessation of securities - MGR

×

Notification of cessation of securities - MGR

06 May 24

MGR 2024 Macquarie Australia Conference

×

MGR 2024 Macquarie Australia Conference

01 May 24

3Q24 Operational Update

×

3Q24 Operational Update

05 April 24

Appendix 3Z - Samantha Mostyn

×

Appendix 3Z - Samantha Mostyn

03 April 24

Samantha Mostyn Resigns from Mirvac Board

×

Samantha Mostyn Resigns from Mirvac Board

02 April 24

Notification of cessation of securities - MGR

×

Notification of cessation of securities - MGR

22 March 24

Appendix 3Y - Damien Frawley

×

Appendix 3Y - Damien Frawley

01 March 24

Notification of cessation of securities - MGR

×

Notification of cessation of securities - MGR

08 February 24

MGR ASX Appendix 4D

×

MGR ASX Appendix 4D

08 February 24

Update - Dividend/Distribution - MGR

×

Update - Dividend/Distribution - MGR

08 February 24

MGR 1H24 Results ASX Announcement

×

MGR 1H24 Results ASX Announcement

08 February 24

MGR 1H24 Interim Report

×

MGR 1H24 Interim Report

08 February 24

MPT 1H24 Interim Report

×

MPT 1H24 Interim Report

08 February 24

MGR 1H24 Results Presentation

×

MGR 1H24 Results Presentation

08 February 24

MGR 1H24 Additional Information

×

MGR 1H24 Additional Information

08 February 24

MGR 1H24 Property Compendium

×

MGR 1H24 Property Compendium

01 February 24

Notification of cessation of securities - MGR

×

Notification of cessation of securities - MGR

11 January 24

Notification of cessation of securities - MGR

×

Notification of cessation of securities - MGR

08 January 24

Appendix 3Z - James Millar

×

Appendix 3Z - James Millar

13 December 23

Dividend/Distribution - MGR

×

Dividend/Distribution - MGR

13 December 23

Appendix 3D Extension to buy back

×

Appendix 3D Extension to buy back

13 December 23

Board Committee Composition Changes

×

Board Committee Composition Changes

MGR Fundamentals

Per Share Records

Historical data

Forecast data

AUD 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Per Share, Growth & Valuations
EPS (Basic) $ Lock Lock Lock Lock 0.23 0.23 -0.04 Lock Lock Lock
EPS (Fully Diluted) $ Lock Lock Lock Lock 0.23 0.23 -0.04 Lock Lock Lock
     Growth % Lock Lock Lock Lock 61.3 0.4 -118.2 Lock Lock Lock
     PE X Lock Lock Lock Lock 23.1 14.6 16.1 Lock Lock Lock
     EV/EBITDA X Lock Lock Lock Lock 22.1 16.7 16.8 Lock Lock Lock
CFPS $ Lock Lock Lock Lock 0.14 0.15 0.14 Lock Lock Lock
FCFPS $ Lock Lock Lock Lock 0.08 0.12 -0.12 Lock Lock Lock
     Growth % Lock Lock Lock Lock -24.5 9.0 -9.9 Lock Lock Lock
     Yield % Lock Lock Lock Lock 2.8 6.3 -5.2 Lock Lock Lock
DPS $ Lock Lock Lock Lock 0.10 0.10 0.10 Lock Lock Lock
     Growth % Lock Lock Lock Lock 8.8 3.0 2.9 Lock Lock Lock
     Yield % Lock Lock Lock Lock 3.3 4.9 4.6 Lock Lock Lock
     Payout Ratio % Lock Lock Lock Lock 43 44 0 Lock Lock Lock
BPS $ Lock Lock Lock Lock 2.69 2.82 2.68 Lock Lock Lock
BPS (Tangible) $ Lock Lock Lock Lock 2.67 2.80 2.66 Lock Lock Lock
     Growth % Lock Lock Lock Lock 4.9 4.9 -5.2 Lock Lock Lock
Shares Outstanding
Diluted m Lock Lock Lock Lock 3,938 3,942 3,944 Lock Lock Lock
Basic m Lock Lock Lock Lock 3,936 3,941 3,944 Lock Lock Lock

Financial Records

Historical data

Forecast data

AUD 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Income Statement
Sales $m Lock Lock Lock Lock 1,803 2,301 1,892 Lock Lock Lock
     Growth % Lock Lock Lock Lock -13.9 27.6 -17.8 Lock Lock Lock
Selling & General Expenses $m Lock Lock Lock Lock 125 152 204 Lock Lock Lock
Gross Income $m Lock Lock Lock Lock 753 854 835 Lock Lock Lock
     Growth % Lock Lock Lock Lock -8.2 13.4 -2.2 Lock Lock Lock
     Margin % Lock Lock Lock Lock 41.8 37.1 44.1 Lock Lock Lock
Cost of Goods Sold to Sales % Lock Lock Lock Lock 58 63 56 Lock Lock Lock
EBITDA $m Lock Lock Lock Lock 578 648 536 Lock Lock Lock
     Growth % Lock Lock Lock Lock -5.6 12.1 -17.3 Lock Lock Lock
     Margin % Lock Lock Lock Lock 32.1 28.2 28.3 Lock Lock Lock
Depreciation & Amortisation $m Lock Lock Lock Lock 71 83 73 Lock Lock Lock
EBIT $m Lock Lock Lock Lock 507 565 463 Lock Lock Lock
     Growth % Lock Lock Lock Lock -6.8 11.4 -18.1 Lock Lock Lock
     Margin % Lock Lock Lock Lock 28.1 24.6 24.5 Lock Lock Lock
Pretax Income $m Lock Lock Lock Lock 825 876 -220 Lock Lock Lock
Income Taxes $m Lock Lock Lock Lock 35 78 -17 Lock Lock Lock
Net Income $m Lock Lock Lock Lock 901 906 -165 Lock Lock Lock
     Growth % Lock Lock Lock Lock 61.5 0.6 -118.2 Lock Lock Lock
     Margin % Lock Lock Lock Lock 50.0 39.4 -8.7 Lock Lock Lock
Cash Flow Statement
Net Operating Cash Flow $m Lock Lock Lock Lock 635 896 -57 Lock Lock Lock
Capital Expenditures $m Lock Lock Lock Lock 5 8 5 Lock Lock Lock
Net Investing Cash Flow $m Lock Lock Lock Lock -492 -436 -315 Lock Lock Lock
Net Financing Cash Flow $m Lock Lock Lock Lock -350 -19 -64 Lock Lock Lock
Free Cash Flow $m Lock Lock Lock Lock 632 889 -60 Lock Lock Lock
     Growth % Lock Lock Lock Lock 41.7 40.7 -106.7 Lock Lock Lock
     Margin % Lock Lock Lock Lock 0.4 0.4 -0.0 Lock Lock Lock
Franking Balance $m Lock Lock Lock Lock 24 30 83 Lock Lock Lock
Balance Sheet
Cash & Short-Term Investments $m Lock Lock Lock Lock 117 558 122 Lock Lock Lock
Total Assets $m Lock Lock Lock Lock 16,152 17,377 17,150 Lock Lock Lock
Long Term Debt $m Lock Lock Lock Lock 3,986 4,002 4,282 Lock Lock Lock
Net Debt $m Lock Lock Lock Lock 3,873 3,733 4,418 Lock Lock Lock
Total Liabilities $m Lock Lock Lock Lock 5,493 6,185 6,593 Lock Lock Lock
Equity $m Lock Lock Lock Lock 10,593 11,126 10,557 Lock Lock Lock
Invested Capital Lock Lock Lock Lock 14,579 15,128 14,839 Lock Lock Lock
     Growth % Lock Lock Lock Lock 2.3 3.8 -1.9 Lock Lock Lock
Return Ratios
Return on Assets % Lock Lock Lock Lock 5.6 5.2 -1.0 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 8.5 8.1 -1.6 Lock Lock Lock
Return on Total Capital % Lock Lock Lock Lock 3.5 3.8 3.0 Lock Lock Lock
Return on Invested Capital % Lock Lock Lock Lock 6.2 6.1 -1.1 Lock Lock Lock
Cash Flow Return on Invested Capital % Lock Lock Lock Lock 4.4 6.0 -0.4 Lock Lock Lock

Ratios Records

Historical data

Forecast data

AUD 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Leverage
Interest Cover X Lock Lock Lock Lock 4.5 5.4 3.1 Lock Lock Lock
Debt to EBITDA X Lock Lock Lock Lock 6.7 5.8 8.2 Lock Lock Lock
Net Debt to Equity % Lock Lock Lock Lock 36.6 33.6 41.8 Lock Lock Lock
Liquidity
Current Ratio X Lock Lock Lock Lock N/A N/A 0.0 Lock Lock Lock
Quick Ratio X Lock Lock Lock Lock N/A N/A 0.0 Lock Lock Lock
Cash & ST Inv/Current Assets % Lock Lock Lock Lock N/A N/A N/A Lock Lock Lock
CFO/Current Liabilities % Lock Lock Lock Lock N/A N/A N/A Lock Lock Lock
Balance Sheet Efficiency
Receivables Turnover X Lock Lock Lock Lock 5.8 11.9 9.5 Lock Lock Lock
Inventory Turnover X Lock Lock Lock Lock 2.0 2.3 1.0 Lock Lock Lock
Working Capital Turnover X Lock Lock Lock Lock N/A N/A 0.0 Lock Lock Lock
Payables Turnover X Lock Lock Lock Lock N/A N/A 0.0 Lock Lock Lock
Asset Turnover X Lock Lock Lock Lock 0.1 0.1 0.1 Lock Lock Lock
Du Pont
Asset Turnover X Lock Lock Lock Lock 0.1 0.1 0.1 Lock Lock Lock
x Pretax Margin % Lock Lock Lock Lock 45.8 38.1 -11.6 Lock Lock Lock
= Pretax Return on Assets % Lock Lock Lock Lock 5.1 5.0 -1.3 Lock Lock Lock
x Tax Rate Complement (1-Tax Rate) % Lock Lock Lock Lock 4.2 8.9 0.0 Lock Lock Lock
Return on Assets % Lock Lock Lock Lock 5.6 5.2 -1.0 Lock Lock Lock
x Equity Multiplier (Assets/Equity) % Lock Lock Lock Lock 1.5 1.6 1.6 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 8.5 8.1 -1.6 Lock Lock Lock
x Earnings Retention (1-Payout) % Lock Lock Lock Lock 56.7 55.6 351.2 Lock Lock Lock
= Reinvestment Rate (%) % Lock Lock Lock Lock 4.8 4.5 -5.5 Lock Lock Lock
Operating Cycle
Days of Inventory on Hand Days Lock Lock Lock Lock 187.0 158.2 367.1 Lock Lock Lock
+ Days of Sales Outstanding Days Lock Lock Lock Lock 62.5 30.8 38.6 Lock Lock Lock
Operating Cycle Days Lock Lock Lock Lock 249.5 188.9 405.7 Lock Lock Lock
- Days of Payables Outstanding Days Lock Lock Lock Lock N/A N/A 0.0 Lock Lock Lock
Net Operating Cycle Days Lock Lock Lock Lock 249.5 188.9 405.7 Lock Lock Lock

Dividends

Key Stats

Ex Dividend Date (est.)

N/A

DIV Yield

4.6%

Franking Level

N/A

DPSg

2.90%

Quality Yield

Lock

Falling Divs over next 2

Lock

Expected Dividend Cashflow

Dividend Clarity,
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Strategy

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Values and Recommendations

Key Stats

Consensus Score

Lock

Recommendation

Lock

EPS 1 month Change

Lock

Quality Yield

Lock

Falling Divs over next 2

Lock

Halo Consensus Score

Lock Chart

PEG Ratio

Lock Chart

Consensus EPS Revisions

Lock Chart

Short selling

Key Stats

Percent of Issue

1.98%

Value ($M)

161

Prior Change

N/A

7 Day Change

N/A

1 Month Change

0.30%

3 Month Change

0.80%

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MGR Shortsell

Frequently Asked Questions

The current share price of Mirvac Group (MGR:ASX) is AU$2.07.
The 52-week high share price for Mirvac Group (MGR:ASX) is AU$2.46.
The 52-week low share price for Mirvac Group (MGR:ASX)? is AU$1.80.
The current TTM dividend payout for Mirvac Group (MGR:ASX) is 4.60.
The last dividend payment of Mirvac Group (MGR:ASX) is AU$0.06.
Mirvac Group (MGR:ASX) has a franking level of 0.0%.
Mirvac Group (MGR:ASX) is classified in the Real Estate.
The current P/E ratio for Mirvac Group (MGR:ASX) is 16.10.