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Goodman Group (AU:GMG)
ASX:GMG

Goodman Group (GMG) AI Stock Analysis

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AU:GMG

Goodman Group

(Sydney:GMG)

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Neutral 54 (OpenAI - 4o)
Rating:54Neutral
Price Target:
AU$30.00
▼(-0.66% Downside)
The overall stock score for Goodman Group is primarily influenced by its strong financial performance, despite challenges in revenue growth and cash flow management. Technical analysis indicates bearish momentum, with the stock trading below key moving averages and showing oversold conditions. The valuation suggests the stock is relatively expensive, with a high P/E ratio and modest dividend yield. These factors collectively result in a moderate overall score.
Positive Factors
Business Model Strength
The focus on logistics and warehouse facilities positions Goodman Group to capitalize on the growing demand for e-commerce and supply chain solutions, providing a durable competitive advantage.
Competitive Advantages
Strategic partnerships with major logistics and retail companies enhance Goodman Group's market position, ensuring stable revenue streams and a competitive edge in the industry.
Balance Sheet Health
A low debt-to-equity ratio indicates prudent leverage management, providing Goodman Group with financial stability and flexibility to pursue growth opportunities.
Negative Factors
Revenue Growth Challenges
Negative revenue growth trends highlight potential issues in market expansion or competitive pressures, which could impact long-term profitability and market share.
Cash Flow Management
Negative free cash flow growth suggests potential difficulties in cash generation, which could limit Goodman Group's ability to invest in new projects or return capital to shareholders.
Revenue Decline
A declining revenue trend poses a risk to Goodman Group's financial health and growth prospects, necessitating strategic adjustments to regain momentum and sustain profitability.

Goodman Group (GMG) vs. iShares MSCI Australia ETF (EWA)

Goodman Group Business Overview & Revenue Model

Company DescriptionGoodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Continental Europe, the United Kingdom, North America and Brazil. Goodman Group, comprised of the stapled entities Goodman Limited, Goodman Industrial Trust and Goodman Logistics (HK) Limited, is the largest industrial property group listed on the Australian Securities Exchange and one of the largest listed specialist investment managers of industrial property and business space globally. Goodman's global property expertise, integrated own+develop+manage customer service offering and significant investment management platform ensures it creates innovative property solutions that meet the individual requirements of its customers, while seeking to deliver long-term returns for investors.
How the Company Makes MoneyGoodman Group generates revenue primarily through the leasing of its industrial properties to tenants, which include logistics operators and retailers. The company earns rental income from long-term leases and has a diversified portfolio that mitigates risk. Additionally, GMG makes money through property development, where it builds new facilities and sells or leases them upon completion, often at a premium due to their strategic locations and modern specifications. The firm also engages in asset management services for third-party investors, earning management fees and performance-based incentives. Key partnerships with major logistics companies and retail giants bolster GMG's revenue streams, while its focus on sustainable development and innovative property solutions enhances its competitive edge in the market.

Goodman Group Financial Statement Overview

Summary
Goodman Group shows strong profitability and a stable balance sheet, but faces challenges in revenue growth and cash flow management. The company needs to focus on reversing the declining revenue trend and improving cash generation to maintain its financial health.
Income Statement
Goodman Group's income statement shows a mixed performance. The gross profit margin is strong, indicating efficient cost management. However, the revenue growth rate has been negative in recent years, which is a concern. The net profit margin is high, but this is partly due to a significant net income in 2025, which may not be sustainable. Overall, profitability is strong, but the declining revenue trend needs attention.
Balance Sheet
The balance sheet reflects a stable financial position with a low debt-to-equity ratio, indicating prudent leverage management. The return on equity has been positive, although it has fluctuated over the years. The equity ratio is healthy, suggesting a strong capital base. Overall, the balance sheet is robust, with manageable debt levels and solid equity.
Cash Flow
Cash flow analysis reveals some challenges. The free cash flow growth rate has been negative recently, indicating potential cash generation issues. The operating cash flow to net income ratio is below 1, suggesting that not all net income is being converted into cash. However, the free cash flow to net income ratio is close to 1, indicating efficient cash usage. Overall, cash flow management requires improvement to ensure sustainable cash generation.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue2.21B2.21B1.92B1.96B2.06B1.87B
Gross Profit1.42B1.42B1.37B1.33B1.45B947.90M
EBITDA2.18B2.18B22.80M462.10M688.20M515.00M
Net Income1.67B1.67B-98.90M1.56B3.41B2.31B
Balance Sheet
Total Assets31.57B31.57B23.83B24.07B21.47B16.89B
Cash, Cash Equivalents and Short-Term Investments3.96B3.96B1.79B1.36B1.06B920.40M
Total Debt5.28B5.28B3.72B3.36B2.90B2.15B
Total Liabilities8.26B8.26B6.29B6.05B5.04B3.73B
Stockholders Equity23.31B23.31B17.54B18.02B16.42B13.16B
Cash Flow
Free Cash Flow957.30M953.20M1.18B1.27B835.10M1.11B
Operating Cash Flow959.60M959.60M1.19B1.28B841.00M1.11B
Investing Cash Flow-3.48B-3.48B-688.20M-716.00M-1.00B-549.90M
Financing Cash Flow4.60B4.60B-52.40M-308.80M299.70M-1.35B

Goodman Group Technical Analysis

Technical Analysis Sentiment
Negative
Last Price30.20
Price Trends
50DMA
30.16
Positive
100DMA
31.91
Negative
200DMA
32.12
Negative
Market Momentum
MACD
0.16
Negative
RSI
50.67
Neutral
STOCH
26.47
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:GMG, the sentiment is Negative. The current price of 30.2 is above the 20-day moving average (MA) of 29.89, above the 50-day MA of 30.16, and below the 200-day MA of 32.12, indicating a neutral trend. The MACD of 0.16 indicates Negative momentum. The RSI at 50.67 is Neutral, neither overbought nor oversold. The STOCH value of 26.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:GMG.

Goodman Group Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
AU$13.38B16.097.99%4.29%4.75%170.39%
66
Neutral
$11.39B50.9624.58%1.97%15.06%47.66%
65
Neutral
$2.17B12.193.79%4.94%3.15%1.96%
60
Neutral
AU$10.55B27.793.56%4.41%12.66%
59
Neutral
$7.46B54.131.32%5.32%4.52%
54
Neutral
$62.00B35.607.99%1.02%16.87%
52
Neutral
AU$2.89B24.583.57%6.14%-9.63%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:GMG
Goodman Group
30.41
-6.67
-17.98%
AU:CHC
Charter Hall Group
24.33
10.25
72.82%
AU:DXS
Dexus
6.95
0.68
10.85%
AU:GPT
GPT Group
5.48
1.27
30.17%
AU:SGP
Stockland
5.57
0.94
20.38%
AU:CLW
Charter Hall Long WALE REIT
4.07
0.48
13.37%

Goodman Group Corporate Events

CPP Investments and Goodman in A$14bn European Data Centre Push
Dec 22, 2025

Canada Pension Plan Investment Board and Goodman Group have formed a 50/50 European data centre partnership valued at A$14 billion (€8 billion), with an initial capital commitment of A$3.9 billion (€2.2 billion) to develop a portfolio of large-scale facilities in Frankfurt, Amsterdam and Paris. The Goodman European Data Centre Development Partnership will initially comprise four projects in Europe’s key FLAP markets, offering a combined 435 MW of primary power and 282 MW of IT load with secured power, planning approvals and advanced site works, reinforcing both partners’ strategic push into digital infrastructure and positioning Goodman as a major developer for accelerating cloud and AI-related capacity demand in Europe, while marking CPP Investments’ first dedicated data centre platform in the region.

The most recent analyst rating on (AU:GMG) stock is a Buy with a A$41.50 price target. To see the full list of analyst forecasts on Goodman Group stock, see the AU:GMG Stock Forecast page.

Goodman Group Announces Dividend Distribution for 2025
Dec 12, 2025

Goodman Group has announced a dividend distribution of AUD 0.15 per fully paid ordinary/unit stapled security, with the ex-date set for December 30, 2025, and the record date on December 31, 2025. The payment will be made on February 25, 2026, reflecting the company’s ongoing commitment to providing returns to its investors, which may positively impact its market position and stakeholder confidence.

The most recent analyst rating on (AU:GMG) stock is a Buy with a A$40.00 price target. To see the full list of analyst forecasts on Goodman Group stock, see the AU:GMG Stock Forecast page.

Goodman Group Announces Change in Director’s Interest
Nov 11, 2025

Goodman Group announced a change in the director’s interest, with Greg Goodman acquiring 570,000 GMG Performance Rights. This acquisition, approved by securityholders, reflects the company’s ongoing commitment to aligning management interests with shareholder value, potentially impacting its strategic direction and stakeholder relations.

The most recent analyst rating on (AU:GMG) stock is a Buy with a A$36.41 price target. To see the full list of analyst forecasts on Goodman Group stock, see the AU:GMG Stock Forecast page.

Goodman Group Issues Performance Rights to Employees
Nov 11, 2025

Goodman Group has announced the issuance of 1,200,000 performance rights under an employee incentive scheme. These securities are unquoted and subject to transfer restrictions, reflecting the company’s strategy to incentivize and retain key personnel, which may enhance operational efficiency and align employee interests with long-term business goals.

The most recent analyst rating on (AU:GMG) stock is a Buy with a A$36.41 price target. To see the full list of analyst forecasts on Goodman Group stock, see the AU:GMG Stock Forecast page.

Goodman Group Announces AGM Results, Reflects Strong Shareholder Support
Nov 11, 2025

Goodman Group has announced the results of its Annual General Meetings, detailing the number of proxies received and votes cast on various resolutions for Goodman Limited, Goodman Industrial Trust, and Goodman Logistics (HK) Limited. The announcement reflects the company’s ongoing commitment to transparency and governance, with most resolutions being carried, indicating strong shareholder support. This outcome is likely to reinforce Goodman’s industry positioning and reassure stakeholders of its stable management and strategic direction.

The most recent analyst rating on (AU:GMG) stock is a Buy with a A$36.41 price target. To see the full list of analyst forecasts on Goodman Group stock, see the AU:GMG Stock Forecast page.

Goodman Group Celebrates 30 Years on ASX with Strong Financial Growth
Nov 11, 2025

Goodman Group’s 2025 Annual General Meetings highlighted a significant milestone of 30 years since its ASX listing and the fifteenth consecutive year of growth in operating profit, which increased by 12.8% to $2.3 billion. The Group’s strategic focus on sustainable returns and agility in challenging environments has resulted in a Total Securityholder Return of 95% over three years and 143% over five years, reinforcing its position as a key player in providing essential infrastructure.

The most recent analyst rating on (AU:GMG) stock is a Buy with a A$36.41 price target. To see the full list of analyst forecasts on Goodman Group stock, see the AU:GMG Stock Forecast page.

Goodman Group Announces Director’s Change in Securities Holdings
Oct 17, 2025

Goodman Group has announced a change in the director’s interest, specifically involving Greg Goodman, who has disposed of 245,525 GMG Stapled Securities valued at $8,636,809. This transaction reflects a strategic adjustment in the director’s holdings, potentially impacting stakeholder perceptions and the company’s market positioning.

The most recent analyst rating on (AU:GMG) stock is a Buy with a A$40.00 price target. To see the full list of analyst forecasts on Goodman Group stock, see the AU:GMG Stock Forecast page.

Goodman Group Announces Hybrid AGM for 2025
Oct 9, 2025

Goodman Group has announced its upcoming Annual General Meetings (AGM), scheduled for November 11, 2025, in Sydney. The AGM will be conducted as a hybrid meeting, allowing securityholders the flexibility to attend either online or in person, reflecting the company’s commitment to accessibility and stakeholder engagement.

The most recent analyst rating on (AU:GMG) stock is a Buy with a A$40.00 price target. To see the full list of analyst forecasts on Goodman Group stock, see the AU:GMG Stock Forecast page.

Goodman Group Issues Performance Rights to Align Employee Interests
Oct 2, 2025

Goodman Group announced the issuance of 12,532,700 performance rights under an employee incentive scheme, which are unquoted and subject to transfer restrictions until the restriction period ends. This move is part of the company’s strategy to align employee interests with long-term company performance, potentially enhancing stakeholder value and reinforcing its competitive position in the logistics real estate sector.

The most recent analyst rating on (AU:GMG) stock is a Hold with a A$34.73 price target. To see the full list of analyst forecasts on Goodman Group stock, see the AU:GMG Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Nov 15, 2025