Goodman Group (GMG) AI Stock Analysis

• Market Cap: $69.38B
• Dividend Yield: 0.88%
• Average Volume (3M): 3.01M
• Price to Earnings (P/E): 71.3
• Beta (1Y): 1.20
• Revenue Growth: 9.68%
• EPS Growth: 273.05%
• Country: AU
• Employees: 900
• Sector: Real Estate
• Sector Strength: 56
• Industry: REIT - Diversified
• EPS (TTM): 0.64
• Shares Outstanding: 2,031,151,500
• 10 Day Avg. Volume: 2,241,168
• 30 Day Avg. Volume: 3,014,144
• PEG Ratio: -0.44
• Price to Book (P/B): 2.09
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 29.66
• 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: $37.55
• Price Target Upside: 9.02% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 10

• Rating: 69 Neutral
• Price Target: AU$36.00 ▲(4.53%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 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 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
EBITDA	1.00B	22.80M	462.10M	688.20M	515.00M	572.50M
Net Income	921.00M	-98.90M	1.56B	3.41B	2.31B	1.50B
Balance Sheet
Total Assets	27.39B	23.83B	24.07B	21.47B	16.89B	16.15B
Cash, Cash Equivalents and Short-Term Investments	1.49B	1.79B	1.36B	1.06B	920.40M	1.78B
Total Debt	5.90B	3.72B	3.36B	2.90B	2.15B	2.99B
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: 34.44
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 34.44 is above the 20-day moving average (MA) of 34.41, above the 50-day MA of 33.36, and above the 200-day MA of 34.04, indicating a bullish trend. The MACD of 0.23 indicates Positive momentum. The RSI at 55.57 is Neutral, neither overbought nor oversold. The STOCH value of 32.59 is Neutral, 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
Sector *	70 Outperform	¥233.20B	14.50	10.69%	3.73%	18.27%	21.04%
GMG	69 Neutral	$69.38B	71.29	5.14%	0.88%	9.68%	273.05%
CTOUF	―	$6.00B	316.34	1.03%	1.80%	―	―
DEXSF	―	$4.81B	―	-9.22%	5.31%	―	―
GPTGF	―	$6.22B	―	-1.94%	4.87%	―	―
STKAF	―	$8.46B	28.61	4.54%	6.34%	―	―
CLW	71 Outperform	AU$2.88B	―	-5.75%	6.19%	-15.42%	65.86%

Goodman Group Corporate Events

Goodman Group Announces New Dividend Distribution

Goodman Group has announced a new dividend distribution for its fully paid ordinary units stapled securities, with a distribution amount of AUD 0.15 per unit. The payment is scheduled for August 26, 2025, following the record date of June 30, 2025. This announcement reflects the company’s ongoing commitment to delivering value to its shareholders and may enhance its attractiveness to investors seeking stable returns.

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 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.