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Goodman Group (AU:GMG)
:GMG
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Goodman Group (GMG) AI Stock Analysis

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AU:GMG

Goodman Group

(OTC:GMG)

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Neutral 61 (OpenAI - 4o)
Rating:61Neutral
Price Target:
AU$36.00
▲(7.62% Upside)
Goodman Group's overall stock score is driven by strong financial performance, particularly in profitability and balance sheet stability. However, challenges in revenue growth and cash flow management, combined with a high P/E ratio and low dividend yield, weigh on the valuation. Technical indicators suggest a stable but cautious outlook, contributing to a moderate overall score.

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 demonstrates 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
65
Positive
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
75
Positive
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
60
Neutral
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 Price33.45
Price Trends
50DMA
33.73
Negative
100DMA
34.25
Negative
200DMA
33.18
Positive
Market Momentum
MACD
0.05
Negative
RSI
46.70
Neutral
STOCH
47.67
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 33.45 is below the 20-day moving average (MA) of 33.72, below the 50-day MA of 33.73, and above the 200-day MA of 33.18, indicating a neutral trend. The MACD of 0.05 indicates Negative momentum. The RSI at 46.70 is Neutral, neither overbought nor oversold. The STOCH value of 47.67 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
AU$15.65B19.457.99%3.89%4.75%170.39%
$10.92B48.3524.58%2.10%15.06%47.66%
$2.17B12.193.79%4.94%3.15%1.96%
AU$68.40B39.717.99%0.90%16.87%
$10.67B28.253.56%4.31%12.66%
$8.31B60.201.32%4.86%4.52%
AU$3.11B26.153.57%5.79%-9.63%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:GMG
Goodman Group
33.45
-2.88
-7.93%
AU:CHC
Charter Hall Group
22.74
8.05
54.82%
AU:DXS
Dexus
7.61
0.82
12.04%
AU:GPT
GPT Group
5.48
0.98
21.64%
AU:SGP
Stockland
6.47
1.53
31.00%
AU:CLW
Charter Hall Long WALE REIT
4.34
0.68
18.58%

Goodman Group Corporate Events

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.

Goodman Group Dispatches 2025 Annual Report and Announces AGM Details
Sep 11, 2025

Goodman Group has dispatched its 2025 Annual Report to securityholders, highlighting its strong financial performance and strategic achievements over the past year. The company will hold its Annual General Meetings on November 11, 2025, in Sydney, offering a hybrid format for attendance. Celebrating 30 years since its listing on the Australian Securities Exchange, Goodman has grown from a local industrial property group to a global infrastructure provider with a portfolio worth $85.6 billion. The Group remains committed to high-quality real estate, disciplined capital management, and strong stakeholder relationships, positioning itself for continued success in FY26.

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 Director Acquires Significant Stake
Sep 8, 2025

Goodman Group announced a change in the director’s interest, with George Zoghbi acquiring 15,000 GMG stapled securities through an on-market trade. This acquisition, valued at $498,631, reflects a strategic move by the director, potentially impacting the company’s governance and signaling confidence in the company’s market position.

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 Director Adjusts Securities Holdings
Sep 2, 2025

Goodman Group announced a change in the director’s interest, specifically involving Greg Goodman, who has adjusted his holdings in the company’s securities. This change reflects the vesting of 491,050 GMG Performance Rights into GMG Stapled Securities, indicating a strategic move in the director’s investment portfolio. Such adjustments could signal confidence in the company’s future performance and may have implications for stakeholders monitoring the director’s investment activities.

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 Updates Director’s Securities Holdings
Aug 26, 2025

Goodman Group announced a change in the director’s interest notice, specifically regarding Greg Goodman’s holdings. The change involved the lapsing of 73,318 GMG Performance Rights due to unmet conditions, impacting the director’s direct interest in the company’s securities. This adjustment in securities holdings reflects the company’s adherence to performance-based incentives and may influence stakeholders’ perception of management’s alignment with company performance.

The most recent analyst rating on (AU:GMG) stock is a Buy with a A$38.40 price target. To see the full list of analyst forecasts on Goodman Group stock, see the AU:GMG Stock Forecast page.

Goodman Group Dispatches Six-Month Distribution
Aug 26, 2025

Goodman Group has announced the dispatch of its distribution for the six months ended 30 June 2025, amounting to 15.00 cents per stapled security. This distribution reflects the company’s ongoing commitment to delivering value to its security holders and underscores its robust position in the industrial property sector, providing essential infrastructure for the digital economy.

The most recent analyst rating on (AU:GMG) stock is a Buy with a A$38.40 price target. To see the full list of analyst forecasts on Goodman Group stock, see the AU:GMG Stock Forecast page.

Goodman Group Announces 2025 Distribution to Stakeholders
Aug 25, 2025

Goodman Group has announced a distribution of 15 cents per stapled security for the year ending 30 June 2025, with payments scheduled for 26 August 2025. This distribution includes dividends from Goodman Logistics (HK) Limited and Goodman Industrial Trust, with the latter contributing 12.5 cents per security. The distribution reflects Goodman’s strategic focus on providing robust returns to stakeholders, reinforcing its position as a leader in the industrial property sector.

The most recent analyst rating on (AU:GMG) stock is a Buy with a A$38.40 price target. To see the full list of analyst forecasts on Goodman Group stock, see the AU:GMG Stock Forecast page.

Goodman Group Reports Strong FY25 Earnings and Growth
Aug 21, 2025

Goodman Group is a global industrial property and digital infrastructure specialist, providing essential infrastructure such as warehouses and data centers to power the digital economy. In its latest earnings report for FY25, Goodman Group announced a 12.8% increase in operating profit, reaching over $2.3 billion, with operating earnings per security up by 9.8%. The company’s total property portfolio grew to $85.6 billion, marking an 8.8% increase, while maintaining a strong financial position with low gearing at 4.3% and liquidity of $6.6 billion. Key highlights include a high portfolio occupancy of 96.5%, significant development work in progress, particularly in data centers, and a total securityholder return of 95% over three years. Looking forward, Goodman Group is well-positioned to capitalize on growth opportunities in the digital infrastructure sector, with a focus on sustainable long-term returns for its securityholders.

Goodman Group Updates Corporate Governance Statement
Aug 21, 2025

Goodman Group has released its updated corporate governance statement, which has been approved by the board and is current as of August 20, 2025. The statement, available on their website, outlines the company’s adherence to the ASX Corporate Governance Council’s recommendations, including board responsibilities, diversity policies, and director appointment procedures. This announcement reinforces Goodman Group’s commitment to transparency and accountability, potentially enhancing stakeholder confidence and solidifying its industry position.

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 FY25 Results Highlight Operational Focus and Risk Considerations
Aug 20, 2025

Goodman Group has released its FY25 results, highlighting its focus on operating profit and earnings per security to provide a clear view of its underlying operations. The company emphasizes the importance of fair value calculations and acknowledges the inherent uncertainties in estimating greenhouse gas emissions and energy consumption. The release also notes that forward-looking statements are subject to risks and uncertainties, which may impact actual outcomes.

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 Reports Strong FY25 Results and Expands Data Center Portfolio
Aug 20, 2025

Goodman Group reported a strong financial performance for FY25, with a 13% increase in operating profit to $2,311.2 million and a 9.8% rise in operating earnings per security. The Group has strategically expanded its data center portfolio, which now constitutes 57% of its development work in progress, and is poised for further growth with new partnerships in Europe and Australia. This expansion is supported by a robust financial position, including low leverage and significant liquidity, positioning Goodman well for long-term growth.

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 Releases 2025 Annual Report
Aug 20, 2025

Goodman Group has released its Annual Report for 2025, providing insights into its performance and corporate governance. The report highlights the company’s focus on infrastructure and logistics, emphasizing its strategic positioning in the market. Stakeholders are encouraged to explore the detailed performance suite available on the company’s website.

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 Reports Strong Financial Growth in 2025
Aug 20, 2025

Goodman Group reported a significant increase in its financial performance for the year ending June 30, 2025, with a 12.8% rise in operating profit and a 16.5% increase in revenue. The company’s statutory profit saw a remarkable turnaround, rising from a loss to a substantial profit, reflecting strong operational efficiency and strategic asset management. The group’s total portfolio value increased by 8.8%, and external assets under management grew by 2.7%, indicating robust growth and expansion in its market presence.

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.

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: Oct 17, 2025