Goodman Group (GMG) AI Stock Analysis

• Market Cap: $70.12B
• Dividend Yield: 0.88%
• Average Volume (3M): 3.38M
• Price to Earnings (P/E): 40.1
• Beta (1Y): 1.41
• Revenue Growth: 16.87%
• EPS Growth: N/A
• Country: AU
• Employees: 900
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Diversified
• EPS (TTM): 0.54
• Shares Outstanding: 2,044,793,100
• 10 Day Avg. Volume: 3,206,977
• 30 Day Avg. Volume: 3,383,900
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.99
• Enterprise Value/Revenue: 31.55
• Enterprise Value/Gross Profit: 49.15
• Enterprise Value/Ebitda: 31.93
• 1Y Price Target: $38.27
• Price Target Upside: 12.26% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 11

• Rating: 57 Neutral
• Price Target: AU$35.00 ▲(2.67% Upside)

Goodman Group's overall stock score is primarily influenced by its strong financial performance, despite challenges in revenue growth and cash flow management. Technical analysis indicates bearish momentum, and the high P/E ratio suggests potential overvaluation. The lack of earnings call data and corporate events means these factors do not impact the score.

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 generates revenue through several key streams. The primary source is rental income from its extensive portfolio of industrial properties, which includes warehousing and logistics facilities leased to major corporations and logistics companies. Additionally, Goodman Group earns significant income from property development, where it develops facilities either for its own portfolio or for sale to third-party investors. Asset management fees also contribute to its earnings, as the company manages properties on behalf of institutional investors. The company often enters into strategic partnerships and joint ventures, expanding its reach and capability to deliver large-scale projects, which further enhances its revenue potential. Overall, Goodman Group's robust business model leverages its global presence and expertise in industrial real estate to drive consistent financial performance.

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

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.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.21B	2.21B	1.92B	1.96B	2.06B	1.87B
Gross Profit	1.42B	1.42B	1.37B	1.33B	1.45B	947.90M
EBITDA	2.18B	2.18B	22.80M	462.10M	688.20M	515.00M
Net Income	1.67B	1.67B	-98.90M	1.56B	3.41B	2.31B
Balance Sheet
Total Assets	31.57B	31.57B	23.83B	24.07B	21.47B	16.89B
Cash, Cash Equivalents and Short-Term Investments	3.96B	3.96B	1.79B	1.36B	1.06B	920.40M
Total Debt	5.28B	5.28B	3.72B	3.36B	2.90B	2.15B
Total Liabilities	8.26B	8.26B	6.29B	6.05B	5.04B	3.73B
Stockholders Equity	23.31B	23.31B	17.54B	18.02B	16.42B	13.16B
Cash Flow
Free Cash Flow	957.30M	953.20M	1.18B	1.27B	835.10M	1.11B
Operating Cash Flow	959.60M	959.60M	1.19B	1.28B	841.00M	1.11B
Investing Cash Flow	-3.48B	-3.48B	-688.20M	-716.00M	-1.00B	-549.90M
Financing Cash Flow	4.60B	4.60B	-52.40M	-308.80M	299.70M	-1.35B

Goodman Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 34.09
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• 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 34.09 is above the 20-day moving average (MA) of 33.87, below the 50-day MA of 34.56, and above the 200-day MA of 33.62, indicating a neutral trend. The MACD of -0.19 indicates Negative momentum. The RSI at 49.49 is Neutral, neither overbought nor oversold. The STOCH value of 80.97 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
SGP	75 Outperform	15.07B	18.46	8.11%	4.04%	4.75%	170.39%
CHC	69 Neutral	10.82B	48.74	12.09%	2.09%	15.06%	47.66%
DXS	64 Neutral	7.85B	57.63	1.58%	5.07%	4.52%	0.00%
CLW	59 Neutral	3.23B	27.78	3.63%	5.49%	-9.63%	0.00%
GPT	58 Neutral	10.19B	27.64	-1.99%	4.51%	12.66%	0.00%
GMG	57 Neutral	$70.12B	40.14	7.99%	0.88%	16.87%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

Goodman Group Corporate Events

Goodman Group Dispatches 2025 Annual Report and Announces AGM Details

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

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

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

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

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

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.