Mirvac Group (ASX:MGR) 3-Year Revenue Growth Rate : -4.60% (As of Dec. 2023)

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What is Mirvac Group 3-Year Revenue Growth Rate?

Mirvac Group's Revenue per Share for the six months ended in Dec. 2023 was A$0.32.

During the past 12 months, Mirvac Group's average Revenue per Share Growth Rate was 31.40% per year. During the past 3 years, the average Revenue per Share Growth Rate was -4.60% per year. During the past 5 years, the average Revenue per Share Growth Rate was -3.80% per year. During the past 10 years, the average Revenue per Share Growth Rate was 0.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Revenue per Share growth rate.

During the past 13 years, the highest 3-Year average Revenue per Share Growth Rate of Mirvac Group was 14.70% per year. The lowest was -33.90% per year. And the median was -1.35% per year.

Competitive Comparison of Mirvac Group's 3-Year Revenue Growth Rate

For the REIT - Diversified subindustry, Mirvac Group's 3-Year Revenue Growth Rate, along with its competitors' market caps and 3-Year Revenue Growth Rate 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 3-Year Revenue Growth Rate Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Mirvac Group's 3-Year Revenue Growth Rate distribution charts can be found below:

* The bar in red indicates where Mirvac Group's 3-Year Revenue Growth Rate falls into.

Mirvac Group 3-Year Revenue Growth Rate Calculation

This is the 3-year average growth rate of Revenue per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Revenue per Share growth rate.

Mirvac Group (ASX:MGR) 3-Year Revenue Growth Rate Explanation

Revenue per Share is the amount of Revenue per outstanding share of the company's stock.

Revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. Revenue is often referred to as the "top line" due to its position on the income statement at the very top. Revenue per share growth rate is used in calculating Predictability Rank, companies with more consistent revenue and earnings growth are ranked high with predictability.

Mirvac Group 3-Year Revenue Growth Rate 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 » 3-Year Revenue Growth Rate

Comparable Companies

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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