tiprankstipranks
Trending News
More News >
Mirvac Group (MRVGF)
OTHER OTC:MRVGF

Mirvac Group (MRVGF) AI Stock Analysis

Compare
5 Followers

Top Page

Mirvac Group (MRVGF) vs. SPDR S&P 500 ETF (SPY)

Mirvac Group Business Overview & Revenue Model

Company DescriptionMirvac 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 Financial Statement Overview

Summary
Mirvac Group shows a mixed financial performance. Strong revenue growth is overshadowed by significant net losses impacting profitability. The balance sheet is robust with a healthy equity ratio, but operational cash generation needs improvement.
Income Statement
40
Negative
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
60
Neutral
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
50
Neutral
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
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
2.99B2.95B1.89B2.30B1.80B2.10B
Gross Profit
866.00M833.00M835.00M854.00M753.00M820.00M
EBIT
654.00M641.00M463.00M565.00M507.00M544.00M
EBITDA
641.00M716.00M41.00M648.00M578.00M612.00M
Net Income Common Stockholders
-603.00M-805.00M-165.00M906.00M901.00M558.00M
Balance SheetCash, Cash Equivalents and Short-Term Investments
76.00M335.00M122.00M558.00M117.00M324.00M
Total Assets
15.44B15.56B17.15B17.38B16.15B15.77B
Total Debt
4.70B4.48B4.54B4.29B3.99B4.37B
Net Debt
4.62B4.14B4.42B3.73B3.87B4.05B
Total Liabilities
6.28B6.21B6.59B6.18B5.49B5.63B
Stockholders Equity
9.17B9.35B10.56B11.13B10.59B10.09B
Cash FlowFree Cash Flow
810.00M540.00M-62.00M888.00M630.00M446.00M
Operating Cash Flow
812.00M542.00M-57.00M896.00M635.00M450.00M
Investing Cash Flow
-213.00M126.00M-315.00M-436.00M-492.00M-443.00M
Financing Cash Flow
-750.00M-455.00M-64.00M-19.00M-350.00M183.00M

Mirvac Group Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
$5.89B-6.29%5.14%
61
Neutral
$2.83B10.910.42%8438.90%5.74%-20.95%
$5.95B308.231.03%2.44%
$716.09M47.851.57%5.41%
$44.30B66.155.14%0.94%
$6.06B-1.94%4.97%
$12.54B18.105.94%4.70%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
MRVGF
Mirvac Group
1.35
0.08
6.30%
CTOUF
Charter Hall Group
12.54
4.49
55.78%
FKKEF
Charter Hall Social Infrastructure REIT
1.89
0.22
13.17%
GMGSF
Goodman Group
21.11
-2.02
-8.73%
GPTGF
GPT Group
3.18
0.48
17.78%
STGPF
Scentre Group
2.42
0.42
21.00%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.