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.

Financial Strength

4/10

Name	Current	Vs Industry
Cash-To-Debt	0.03
Equity-to-Asset	0.63
Debt-to-Equity	0.43
Debt-to-EBITDA	110.73
Interest Coverage	2.89
Piotroski F-Score	3/9	0 1 2 3 4 5 6 7 8 9
Altman Z-Score	2.72	Distress Grey Safe
Beneish M-Score	-2.29	Manipulator Not Manipulator
WACC vs ROIC		WACC ROIC

Growth Rank

3/10

	Name	Current	Vs Industry		Vs History
	3-Year Revenue Growth Rate	-4.6
	3-Year EBITDA Growth Rate	-63
	3-Year Book Growth Rate	1.4

Momentum Rank

5/10

	Name	Current	Vs Industry		Vs History
	5-Day RSI	49.21
	9-Day RSI	51.69
	14-Day RSI	50.79
	6-1 Month Momentum %	-17.23
	12-1 Month Momentum %	-12.39

Liquidity Ratio

	Name	Current	Vs Industry		Vs History
	Current Ratio	1.75
	Quick Ratio	0.74
	Cash Ratio	0.08
	Days Inventory	400.02
	Days Sales Outstanding	19.3
	Days Payable	97.79

Dividend & Buy Back

	Name	Current	Vs Industry		Vs History
	Dividend Yield %	5.12
	3-Year Dividend Growth Rate	4.9
	Forward Dividend Yield %	5.12
	5-Year Yield-on-Cost %	4.75
	3-Year Average Share Buyback Ratio	-0.1
	Shareholder Yield %	1.82

Profitability Rank

7/10

	Name	Current	Vs Industry		Vs History
	Gross Margin %	44.32
	Operating Margin %	24.02
	Net Margin %	-9.15
	FCF Margin %	-3.44
	ROE %	-1.51
	ROA %	-0.96
	ROIC %	2.44
	ROC (Joel Greenblatt) %	-5.35
	ROCE %	-0.2
	Years of Profitability over Past 10-Year	9

GF Value Rank

1/10

	Name	Current	Vs Industry		Vs History
	Forward PE Ratio	5.25
	Shiller PE Ratio	8.58
	PS Ratio	4.39
	PB Ratio	0.75
	Price-to-Tangible-Book	0.76
	EV-to-EBIT	-881.61
	EV-to-Forward-EBIT	38.06
	EV-to-EBITDA	688.09
	EV-to-Forward-EBITDA	38.06
	EV-to-Revenue	15.65
	EV-to-Forward-Revenue	42.33
	EV-to-FCF	-460.75
	Price-to-Projected-FCF	0.6
	Price-to-Median-PS-Value	1.07
	Earnings Yield (Greenblatt) %	-0.11
	FCF Yield %	-0.27
	Forward Rate of Return (Yacktman) %	-33.87

Financials (Next Earnings Date:2024-02-09 Est.)

Annual Quarterly TTM

ASX:MGR's 30-Y Financials

Balance Sheet Breakdown

Annual Quarterly

No Enough Data

Cashflow Statement Breakdown

Annual Quarterly

No Enough Data

Historical Operating Revenue by Business Segment

Value % YoY

Historical Operating Revenue by Geographic Region

Value % YoY

See Details

5-Step DuPont Analysis as of

Annual Quarterly

No Enough Data

Guru Trades

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Insider Trades

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Peter Lynch Chart

Y-axis scale:

Log Linear

Interactive Chart

Performance

Dividend

Log

Bar

Annualized Return %

Symbol	1 Week	1 Month	3 Months	6 Months	YTD	1 Year	3 Years	5 Years	10 Years

Total Annual Return %

Symbol	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014

Mirvac Group Executives

Details

GF Value: A$2.09

ASX:MGR

Valuation Chart

Year:

Warning Signs

Warning! GuruFocus detected 5 Severe warning signs with MGR. Try a 7-Day Free Trial to check it out.

Analyst Estimate

Annual Quarterly

Key Statistics

	Name	Value
	Revenue (TTM) (Mil A$)	1,803
	EPS (TTM) (A$)	-0.042
	Beta	1.42
	Volatility %	32.09
	14-Day RSI	50.79
	14-Day ATR (A$)	0.052771
	20-Day SMA (A$)	1.99925
	12-1 Month Momentum %	-12.39
	52-Week Range (A$)	1.815 - 2.465
	Shares Outstanding (Mil)	3,945.86

Piotroski F-Score Details

Year:

	Component	Result
	Piotroski F-Score	3
	Positive ROA
	Positive CFROA
	Higher ROA yoy
	CFROA > ROA
	Lower Leverage yoy
	Higher Current Ratio yoy
	Less Shares Outstanding yoy
	Higher Gross Margin yoy
	Higher Asset Turnover yoy

Mirvac Group Filings

10-K10-QForm 4Others

	Filing Date	Document Date	Form
No Filing Data

Mirvac Group Stock Events

	Event	Date	Price(A$)
No Event Data

Mirvac Group Frequently Asked Questions

What is Mirvac Group(ASX:MGR)'s stock price today?

The current price of ASX:MGR is A$2.01. The 52 week high of ASX:MGR is A$2.47 and 52 week low is A$1.82.

When is next earnings date of Mirvac Group(ASX:MGR)?

The next earnings date of Mirvac Group(ASX:MGR) is 2024-02-09 Est..

Does Mirvac Group(ASX:MGR) pay dividends? If so, how much?

The Dividend Yield % of Mirvac Group(ASX:MGR) is 5.12% (As of Today), Highest Dividend Payout Ratio of Mirvac Group(ASX:MGR) was 0.7. The lowest was 0. And the median was 0.43. The Forward Dividend Yield % of Mirvac Group(ASX:MGR) is 5.12%. For more information regarding to dividend, please check our Dividend Page.

Press Release

	Subject	Date
No Press Release

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