Goodman Group (GMG) AI Stock Analysis

• Market Cap: $67.50B
• Dividend Yield: 0.91%
• Average Volume (3M): 3.95M
• Price to Earnings (P/E): 69.5
• Beta (1Y): 1.21
• Revenue Growth: 9.68%
• EPS Growth: 273.05%
• Country: AU
• Employees: 900
• Sector: Real Estate
• Sector Strength: 63
• Industry: REIT - Diversified
• EPS (TTM): 0.64
• Shares Outstanding: 2,031,151,500
• 10 Day Avg. Volume: 4,812,180
• 30 Day Avg. Volume: 3,948,669
• PEG Ratio: 0.07
• Price to Book (P/B): 3.24
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 53.62
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $36.81
• Price Target Upside: 9.63% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8

• Rating: 69 Neutral
• Price Target: AU$36.00 ▲(7.21%Upside)

Goodman Group's overall stock score is driven by its strong financial foundation and positive technical indicators, suggesting resilience and potential for recovery. However, the high P/E ratio indicates potential overvaluation, which is a key risk factor. The absence of earnings call guidance or notable corporate events leaves the focus on financial and market performance.

Goodman Group Business Overview & Revenue Model

Company Description

Goodman 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 Money

Goodman Group makes money through a combination of property ownership, development, and management services. Its primary revenue streams include rental income from its extensive portfolio of logistics and industrial properties, development profits from constructing new facilities, and management fees from overseeing properties on behalf of third-party investors. The company benefits from strategic partnerships with major global e-commerce and logistics companies, which drive demand for its properties. Additionally, Goodman Group leverages its expertise in logistics real estate to optimize the value of its assets and maximize returns for its investors.

Goodman Group Financial Statement Overview

Summary

Goodman Group displays underlying financial strength with a solid balance sheet and strong cash flow generation. The recent negative turn in net income and volatility in revenue growth present challenges that could impact future profitability. However, the company's low leverage and strong cash flow position provide a buffer against these challenges, suggesting potential for recovery and growth.

Income Statement

Goodman Group's revenue has shown slight volatility, with a minor dip in 2024 compared to 2023, indicating some instability in revenue streams. The net profit margin turned negative in 2024 due to a significant drop in net income, which suggests potential challenges in cost management or other financial pressures. The gross profit margin remains strong, reflecting efficient core operations. However, the EBIT margin is absent for 2024, which could indicate operational difficulties.

Balance Sheet

The balance sheet indicates a robust equity base with a high equity ratio, showcasing financial stability. The debt-to-equity ratio is relatively low, which suggests conservative financial leverage and good financial health. The return on equity declined significantly in 2024 due to negative net income, highlighting a recent challenge in generating returns for shareholders.

Cash Flow

The company maintains strong operating cash flow, indicating efficient cash generation from operations. The free cash flow has been positive and stable over the years, supporting potential reinvestments and shareholder returns. Despite a decrease in net income, the operating cash flow to net income ratio remains solid, demonstrating resilience in cash flow management.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
2.88B	1.92B	1.96B	2.06B	1.87B	1.50B
	Gross Profit
1.96B	1.37B	1.33B	1.45B	947.90M	993.20M
	EBIT
1.00B	464.50M	445.40M	671.10M	492.00M	550.00M
	EBITDA
1.00B	22.80M	462.10M	688.20M	515.00M	572.50M
	Net Income Common Stockholders
921.00M	-98.90M	1.56B	3.41B	2.31B	1.50B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.49B	1.79B	1.36B	1.06B	920.40M	1.78B
	Total Assets
27.39B	23.83B	24.07B	21.47B	16.89B	16.15B
	Total Debt
5.90B	3.72B	3.36B	2.90B	2.15B	2.99B
	Net Debt
4.41B	1.94B	2.00B	1.85B	1.23B	1.20B
	Total Liabilities
8.48B	6.29B	6.05B	5.04B	3.73B	4.63B
	Stockholders Equity
18.91B	17.54B	18.02B	16.42B	13.16B	11.52B
Cash Flow		Free Cash Flow
1.19B	1.18B	1.27B	835.10M	1.11B	1.15B
	Operating Cash Flow
1.19B	1.19B	1.28B	841.00M	1.11B	1.16B
	Investing Cash Flow
-2.85B	-688.20M	-716.00M	-1.00B	-549.90M	-306.40M
	Financing Cash Flow
1.84B	-52.40M	-308.80M	299.70M	-1.35B	-660.90M

Goodman Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 33.58
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:GMG, the sentiment is Positive. The current price of 33.58 is above the 20-day moving average (MA) of 32.27, above the 50-day MA of 30.35, and below the 200-day MA of 34.15, indicating a neutral trend. The MACD of 0.76 indicates Negative momentum. The RSI at 67.07 is Neutral, neither overbought nor oversold. The STOCH value of 84.70 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:GMG.

Goodman Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GMG	69 Neutral	$67.50B	69.51	5.14%	0.91%	9.68%	273.05%
Sector *	61 Neutral	$2.82B	10.89	0.42%	8438.96%	5.74%	-20.95%
CTOUF		$5.80B	308.97	1.03%	2.56%	―	―
DEXSF		$4.88B	―	-9.22%	5.89%	―	―
GPTGF		$5.93B	―	-1.94%	5.14%	―	―
STKAF		$8.50B	28.53	4.54%	4.58%	―	―
CLW	71 Outperform	AU$2.99B	―	-5.75%	6.06%	-15.42%	65.86%

Goodman Group Corporate Events

Goodman Group Advances in Logistics and Data Centers Amid Economic Uncertainty

Goodman Group is progressing in logistics and data center opportunities despite economic uncertainties, maintaining a forecasted 9% growth in FY25 Operating EPS. The company is leveraging current market conditions to acquire large-scale sites for future regeneration and has substantial liquidity to support its strategic initiatives. With a $13.7 billion development work in progress and a 96.5% occupancy rate, Goodman is well-positioned to capitalize on long-term demand drivers, particularly in metropolitan areas with low latency requirements.

The most recent analyst rating on (AU:GMG) stock is a Buy with a A$41.04 price target. To see the full list of analyst forecasts on Goodman Group stock, see the AU:GMG Stock Forecast page.

Goodman Group Announces Quotation of New Securities on ASX

Goodman Group has announced the quotation of 152,057 fully paid ordinary units stapled securities on the Australian Securities Exchange (ASX) as of March 20, 2025. This issuance is part of previously announced transactions, potentially enhancing the company’s market presence and providing additional liquidity options for stakeholders.

Goodman Group Completes $5.1 Million Share Purchase Plan

Goodman Group has successfully completed its Share Purchase Plan (SPP), raising approximately $5.1 million through the issuance of 152,057 new stapled securities at $33.50 each. This follows a $4.0 billion institutional placement, with the new securities set to trade on the ASX, aligning with existing securities. This move strengthens Goodman’s capital base, supporting its strategic growth initiatives in the industrial property sector.