Mirvac Group (MGR) AI Stock Analysis

• Market Cap: $9.11B
• Dividend Yield: 3.96%
• Average Volume (3M): 10.47M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.02
• Revenue Growth: 22.66%
• EPS Growth: -3.80%
• Country: AU
• Employees: 1,684
• Sector: Real Estate
• Sector Strength: 47
• Industry: REIT - Office
• EPS (TTM): 0.06
• Shares Outstanding: 3,945,860,000
• 10 Day Avg. Volume: 9,334,025
• 30 Day Avg. Volume: 10,468,439
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.31
• Enterprise Value/Revenue: 3.98
• Enterprise Value/Gross Profit: 13.75
• Enterprise Value/Ebitda: 18.57
• 1Y Price Target: $2.36
• Price Target Upside: 2.85% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 10

• Rating: 53 Neutral
• Price Target: AU$2.50 ▲(9.17% Upside)

Mirvac Group's overall stock score is driven by mixed financial performance marked by strong revenue growth but significant losses impacting profitability. Technical analysis reveals moderate strength with neutral momentum indicators. Valuation remains a concern due to a negative P/E ratio, although the dividend yield offers some relief.

Mirvac Group Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

Mirvac Group makes money through a diversified revenue model that includes property development, property management, and investment income. The company generates revenue from the sale of residential properties, including apartments and master-planned communities. Additionally, Mirvac earns rental income from its extensive portfolio of commercial properties, such as office buildings, retail centers, and industrial facilities. The company also benefits from property management fees and capital gains on property investments. Moreover, Mirvac engages in strategic partnerships and joint ventures to enhance its development capabilities and expand its market presence, contributing to its overall earnings.

Mirvac Group Financial Statement Overview

Summary

Mirvac Group shows strong revenue growth but faces significant net losses impacting profitability. The balance sheet is stable with a healthy equity ratio, yet cash flow from operations needs improvement.

Income Statement

Mirvac Group's income statement shows some concerning trends. While the gross profit margin for 2024 is approximately 30.0%, there is a significant net loss of AUD 805 million, resulting in a negative net profit margin of -26.6%. The revenue has grown by 59.9% from 2023 to 2024, indicating positive sales growth. However, the EBIT and EBITDA margins, at 21.2% and 23.7% respectively, reflect operational efficiency issues, compounded by the large net loss.

Balance Sheet

The balance sheet reveals a strong equity base with a debt-to-equity ratio of 0.48, suggesting moderate leverage, which is common for REITs. The equity ratio stands at 60.1%, indicating financial stability. However, the decline in stockholders' equity from 2023 to 2024 raises concerns about asset valuation or additional liabilities. The return on equity is negative due to the net loss, which is a significant downside.

Cash Flow

Mirvac Group's cash flow statement highlights a recovery in free cash flow, which is AUD 540 million for 2024. The operating cash flow to net income ratio is negative due to the net loss, and the free cash flow growth rate is strong compared to the previous year. Nevertheless, the operating cash flow is less than ideal, indicating a need for improved cash generation from operations.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	2.95B	1.80B	2.25B	1.92B	2.07B
Gross Profit	833.00M	799.00M	854.00M	909.00M	843.00M
EBITDA	716.00M	41.00M	648.00M	1.11B	775.00M
Net Income	-805.00M	-165.00M	906.00M	901.00M	558.00M
Balance Sheet
Total Assets	15.56B	17.15B	17.38B	16.15B	15.77B
Cash, Cash Equivalents and Short-Term Investments	335.00M	122.00M	558.00M	117.00M	324.00M
Total Debt	4.48B	4.54B	4.29B	3.99B	4.37B
Total Liabilities	6.21B	6.59B	6.18B	5.49B	5.63B
Stockholders Equity	9.35B	10.56B	11.13B	10.59B	10.09B
Cash Flow
Free Cash Flow	540.00M	-62.00M	888.00M	630.00M	446.00M
Operating Cash Flow	542.00M	-57.00M	896.00M	635.00M	450.00M
Investing Cash Flow	126.00M	-315.00M	-436.00M	-492.00M	-443.00M
Financing Cash Flow	-455.00M	-64.00M	-19.00M	-350.00M	183.00M

Mirvac Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.29
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MGR, the sentiment is Positive. The current price of 2.29 is above the 20-day moving average (MA) of 2.26, above the 50-day MA of 2.24, and above the 200-day MA of 2.10, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 56.29 is Neutral, neither overbought nor oversold. The STOCH value of 61.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MGR.

Mirvac Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	64 Neutral	C$1.97B	4.72	-0.88%	5.21%	1.74%	-56.01%
MGR	53 Neutral	$9.11B	―	0.71%	3.96%	22.66%	-3.80%
CTOUF	―	$6.73B	333.66	1.03%	1.83%	―	―
FKKEF	―	$793.14M	17.26	4.86%	―	―	―
GMGSF	―	$47.33B	70.81	5.14%	0.82%	―	―
GPTGF	―	$6.54B	―	-1.94%	5.00%	―	―
STGPF	―	$12.86B	18.85	5.94%	4.22%	―	―

Mirvac Group Corporate Events

Mirvac Group Announces Cessation of Securities

Mirvac Group announced the cessation of 410,458 LTP performance rights due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This announcement may impact the company’s capital structure and could have implications for stakeholders, particularly those holding or expecting these securities.

The most recent analyst rating on (AU:MGR) stock is a Hold with a A$2.45 price target. To see the full list of analyst forecasts on Mirvac Group stock, see the AU:MGR Stock Forecast page.

Mirvac Group Announces 4.5 Cents Distribution from Property Trust

Mirvac Group has announced a distribution of 4.5 cents per stapled security from Mirvac Property Trust, with no dividend being paid from Mirvac Limited. The distribution relates to the six-month period ending June 30, 2025, with key dates including an ex-date of June 27, 2025, a record date of June 30, 2025, and a payment date of August 28, 2025. This announcement reflects Mirvac’s ongoing commitment to providing returns to its investors, potentially impacting its market positioning and stakeholder relations positively.

The most recent analyst rating on (AU:MGR) stock is a Hold with a A$2.35 price target. To see the full list of analyst forecasts on Mirvac Group stock, see the AU:MGR Stock Forecast page.

Mirvac Group Announces Cessation of Performance Rights

Mirvac Group announced the cessation of certain securities, specifically the lapse of 646,913 LTP performance rights and 144,645 STI performance rights, due to unmet conditions. This cessation may impact the company’s capital structure and could influence investor perceptions regarding the company’s performance and future prospects.