Ratings Goodman Group

Equities

GMG

AU000000GMG2

Market Closed - Australian S.E. Other stock markets 02:10:12 2024-05-03 am EDT			5-day change	1st Jan Change
32.63 ^AUD	+2.71%		+5.91%	+28.97%

May. 03	Banks, real estate stocks lead gains in Aussie shares; US jobs data, RBA policy eyed	RE
Apr. 22	Barrenjoey Markets Downgrades Goodman Group to Neutral From Overweight; Price Target is AU$30	MT

Summary

The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.

Strengths

Before interest, taxes, depreciation and amortization, the company's margins are particularly high.
Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.
The average price target of analysts who are interested in the stock has been strongly revised upwards over the last four months.

Weaknesses

With an expected P/E ratio at 30.62 and 27.43 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
The company's "enterprise value to sales" ratio is among the highest in the world.
In relation to the value of its tangible assets, the company's valuation appears relatively high.
The valuation of the company is particularly high given the cash flows generated by its activity.
The company is not the most generous with respect to shareholders' compensation.
The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.
The overall consensus opinion of analysts has deteriorated sharply over the past four months.

Ratings chart - Surperformance

Chart ESG Refinitiv

Sector: Commercial REITs

	1st Jan change	Capi.	ESG Refinitiv
GOODMAN GROUP	+28.97%	40.98B	B-
PROLOGIS, INC.	-20.56%	98.04B	B+
REXFORD INDUSTRIAL REALTY, INC.	-20.86%	9.65B	A-
EASTGROUP PROPERTIES, INC.	-12.90%	7.68B	B
AMERICOLD REALTY TRUST, INC.	-25.01%	6.45B	B
STAG INDUSTRIAL, INC.	-10.29%	6.41B	B-
FIRST INDUSTRIAL REALTY TRUST, INC.	-10.29%	6.25B	B-
WAREHOUSES DE PAUW SA	-9.12%	6.12B	B
TERRENO REALTY CORPORATION	-12.41%	5.3B	C
LONDONMETRIC PROPERTY PLC	+5.90%	5.19B	B

Investor Rating

Trading Rating

ESG Refinitiv

Financials

Sales growth

Earnings Growth

EBITDA / Sales

Profitability

Finances

Valuation

P/E ratio

EV / Sales

Price to Book

Price to Free Cash Flow

Yield

Momentum

1 year Revenue revision

4 months Revenue revision

7 days Revenue revision

1 year EPS revision

4 months EPS revision

Consensus

Analyst Opinion

Potential Price Target

4m Target Price Revision

4m Revision of opinion

12m Revision of opinion

Business Predictability

Analyst Coverage

Divergence of Estimates

Divergence of analysts' opinions

Divergence of Target Price

Earnings quality

Environment

Emissions

Innovation

Use of resources

Governance

CSR Strategy

Management

Shareholders

Controversy

Technical analysis

ST Timing

MT Timing

LT Timing

RSI

Bollinger Spread

Unusual volumes