Mirvac Group (AU:MGR)
ASX:MGR
MGR Stock Chart & Stats
AU$2.00
-AU$0.03(-1.32%)
At close: 4:00 PM EST
AU$2.00
-AU$0.03(-1.32%)
Day’s Range― - ―
52-Week RangeAU$1.74 - AU$2.46
Previous CloseN/A
Volume11.83M
Average Volume (3M)14.71M
Market Cap
AU$6.98B
Enterprise ValueAU$10.88B
Total Cash (Recent Filing)AU$126.00M
Total Debt (Recent Filing)AU$4.02B
Price to Earnings (P/E)6.3
Beta1.03
Next Earnings
Aug 12, 2026EPS Estimate
0.07Next Dividend Ex-DateN/A
Dividend Yield4.39%
Share Statistics
EPS (TTM)0.06
Shares Outstanding3,945,860,000
10 Day Avg. Volume19,818,826
30 Day Avg. Volume14,711,485
Financial Highlights & Ratios
PEG Ratio-1.18
Price to Book (P/B)0.96
Price to Sales (P/S)3.55
P/FCF Ratio15.84
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$2.33Price Target Upside16.58% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)0.13
Revenue Forecast (FY)AU$902.34M
Bulls Say, Bears Say
Bulls Say
High-quality Recurring PortfolioNear-full occupancy (98%) and positive like‑for‑like rental growth point to durable, recurring cash flows from investment properties. Combined with a shift to higher‑quality office stock and reduced forward expiries (~12%), this lowers rent rollover risk and supports stable distributable income over the medium term.
Scale Of Funds & Capital PartnershipsSubstantial third‑party capital (A$17bn) and consistent FUM growth reduce Mirvac's need to fully fund development risk, generate fee income and enable capital recycling. A proven track record of institutional raises strengthens execution capacity and long‑term growth of asset management revenues and scale.
Restocked Development PipelineA materially restocked pipeline—strong residential sales, higher margins and high settlement visibility (~90% secured, targets for 2,000–2,300 settlements)—provides multiyear earnings visibility. Land‑lease and BTR scale add diversified, capital‑efficient development optionality and future NOI growth.
Bears Say
Compressed Development ReturnsCurrent development returns below 10% on deployed capital indicate margin pressure from higher construction and legacy cost inflation. That weakens capital recycling economics, slows NAV accretion from developments and may delay achievement of through‑cycle mid‑to‑high‑teens return targets, constraining long‑term profitability.
Weak Cash Conversion & Revenue DeclineA sharp revenue decline and a 32% drop in free cash flow combined with low cash conversion (OCF/net income ~0.30) reduce internal funding capacity for development and distributions. Persistently weak cash generation increases reliance on external capital and heightens sensitivity to funding cost shocks.
Rising Net Financing CostsHigher net financing charges and a higher average cost of debt compress development and operating margins. Sustained elevated finance costs increase sensitivity to interest rate cycles, raise the breakeven on new projects and can reduce distributable earnings if not offset by higher rents or margin recovery.
Mirvac Group News
MGR FAQ
What was Mirvac Group’s price range in the past 12 months?
Mirvac Group lowest share price was AU$1.74 and its highest was AU$2.46 in the past 12 months.
What is Mirvac Group’s market cap?
Mirvac Group’s market cap is AU$6.98B.
When is Mirvac Group’s upcoming earnings report date?
Mirvac Group’s upcoming earnings report date is Aug 12, 2026 which is in 136 days.
How were Mirvac Group’s earnings last quarter?
Mirvac Group released its earnings results on Feb 17, 2026. The company reported AU$0.063 earnings per share for the quarter, beating the consensus estimate of AU$0.058 by AU$0.005.
Is Mirvac Group overvalued?
According to Wall Street analysts Mirvac Group’s price is currently Undervalued.
Does Mirvac Group pay dividends?
Mirvac Group pays a Semiannually dividend of AU$0.045 which represents an annual dividend yield of 4.39%. See more information on Mirvac Group dividends here
What is Mirvac Group’s EPS estimate?
Mirvac Group’s EPS estimate is 0.07.
How many shares outstanding does Mirvac Group have?
Mirvac Group has 3,945,860,000 shares outstanding.
What happened to Mirvac Group’s price movement after its last earnings report?
Mirvac Group reported an EPS of AU$0.063 in its last earnings report, beating expectations of AU$0.058. Following the earnings report the stock price went up 5.699%.
Which hedge fund is a major shareholder of Mirvac Group?
Currently, no hedge funds are holding shares in AU:MGR
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Mirvac Group Stock Smart Score
Outperform
1
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10
Analyst Consensus
Moderate Buy
Average Price Target:
AU$2.33 (16.58% Upside)
AU$2.33 (16.58% Upside)
Insider Transactions
Bought Shares
Worth AU$110.2K over
the Last 3 Months
the Last 3 Months
Technicals
SMA
Negative
20 days / 200 days
Momentum
16.16%
12-Months-Change
Fundamentals
Return on Equity
4.23%
Trailing 12-Months
Asset Growth
1.09%
Trailing 12-Months
Company Description
Mirvac Group
Mirvac is an Australian property group with a clearly defined purpose to reimagine urban life. By creating beautiful homes, inspiring workplace precincts and thriving shopping centres, we aim to make a positive contribution to our cities and communities. Mirvac was founded in 1972, which means we've been shaping Australia's urban landscape for almost fifty years. Of course, we've evolved a lot over that time growing from a small joint venture to become a thriving ASX-listed property group that leads the way in innovation, sustainability and placemaking. Renowned for the quality of our products, we've created some of Australia's most iconic places and precincts, from thriving masterplanned communities, to landmark offices including our own headquarters at EY Centre, 200 George Street, Sydney. At the heart of every project there exists a deep commitment to our customers and communities.
MGR Company Deck
MGR Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented broad operational momentum and multiple tangible wins—strong residential sales and margin recovery, clear living and industrial outperformance, portfolio repositioning to higher‑quality office, meaningful fund raises and capital partnerships, improved liquidity and a lower gearing profile. Key near‑term weaknesses include higher net financing costs, compressed development returns (legacy cost pressures) and reliance on valuation gains in statutory profit, plus remaining office leasing and disposal execution. On balance the positives—improving margins, restocked pipeline, recurring income growth and strong capital‑partner demand—materially outweigh the lowlights.View all AU:MGR earnings summariesMGR Stock 12 Month Forecast
Average Price Target
AU$2.33
▲(16.58% Upside)
Technical Analysis
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Options Prices
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