Mirvac Group (ASX:MGR) FCF Yield % : 2.05 (As of Apr. 28, 2024)

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What is Mirvac Group FCF Yield %?

FCF Yield % is calculated as Free Cash Flow divided by Market Capitalization. It is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

As of today, Mirvac Group's Trailing 12-Month Free Cash Flow is A$166 Mil, and Market Cap is A$8,089 Mil. Therefore, Mirvac Group's FCF Yield % for today is 2.05%.

The historical rank and industry rank for Mirvac Group's FCF Yield % or its related term are showing as below:

ASX:MGR' s FCF Yield % Range Over the Past 10 Years
Min: -0.84 Med: 5.82 Max: 11.86
Current: 2.05

During the past 13 years, the highest FCF Yield % of Mirvac Group was 11.86%. The lowest was -0.84%. And the median was 5.82%.

ASX:MGR's FCF Yield % is ranked worse than
73.23% of 863 companies
in the REITs industry
Industry Median: 6.65 vs ASX:MGR: 2.05

Mirvac Group's FCF Margin % for the quarter that ended in Dec. 2023 was 2.08%.

Mirvac Group FCF Yield % Historical Data

The historical data trend for Mirvac Group's FCF Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mirvac Group FCF Yield % Chart

Mirvac Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

FCF Yield %

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4.14

5.23

5.48

11.41

-0.70

Mirvac Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
FCF Yield %	Get a 7-Day Free Trial															7.18	12.23	-4.81	3.14	0.63

Competitive Comparison of Mirvac Group's FCF Yield %

For the REIT - Diversified subindustry, Mirvac Group's FCF Yield %, along with its competitors' market caps and FCF Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Mirvac Group's FCF Yield % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Mirvac Group's FCF Yield % distribution charts can be found below:

* The bar in red indicates where Mirvac Group's FCF Yield % falls into.

Mirvac Group FCF Yield % Calculation

FCF Yield % is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

Mirvac Group's FCF Yield % for the fiscal year that ended in Jun. 2023 is calculated as

FCF Yield %	=	Free Cash Flow	/	Market Cap
	=	-62	/	8914.796
	=	-0.70%

Mirvac Group's annualized FCF Yield % for the quarter that ended in Dec. 2023 is calculated as

FCF Yield %	=	Free Cash Flow	*	Annualized Factor	/	Market Cap
	=	26	*	2	/	8244.4857
	=	0.63%

Mirvac Group FCF Yield % Explanation

Similar to Earnings Yield %, FCF Yield % is financial solvency ratio. A lower ratio suggests a less attractive investment, indicating that investors might not receive substantial returns in proportion to their investment. Conversely, a high free cash flow yield signals that a company generates sufficient cash to comfortably meet its debts, obligations, and dividend payments, making it a promising investment choice.

Mirvac Group FCF Yield % Related Terms

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Mirvac Group (ASX:MGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mirvac Group (ASX:MGR) » Definitions » FCF Yield %

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Traded in Other Exchanges

MRVGF:USA MJB:Germany

Address

200 George Street, Level 28, Sydney, NSW, AUS, 2000

Website

https://www.mirvac.com

Mirvac is one of Australia's largest residential developers, particularly apartments. Residential development earnings are volatile, generating about a fifth of EBIT in fiscal 2023, despite accounting for only about 15% of the group's invested capital. Over our 10-year discrete forecast period we don't expect residential development to exceed the lofty peaks seen in 2017, when Mirvac settled 3,400 residential lots, however, we expect modest growth over time as Mirvac gains market share and constructs housing into an under-supplied market. About 80% of Mirvac's earnings come from a predictable commercial property portfolio, more than half of which is high-grade office and another fourth in retail, a small industrial portfolio, and a small but growing build-to-rent residential portfolio.

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