ASX:MGR (Australia)
Business Description
Mirvac Group
200 George Street, Level 28, Sydney, NSW, AUS, 2000
Description
Mirvac is one of Australia's largest residential developers, particularly apartments. Residential development earnings are volatile, generating about a fifth of EBIT in fiscal 2019, despite only about 13% of the group's invested capital being allocated there. We believe that was a cyclical high and don't expect development settlements to substantially exceed the 2019-20 high point in the next decade. About 80% of Mirvac's earnings come from a predictable commercial property portfolio, more than half of which is office and another fourth in retail, a small industrial portfolio, and a fledgling build-to-rent residential portfolio. The company is allocating more capital to passive property ownership, and within that, trimming retail exposure and adding office, industrial, and residential.
Financial Strength
4/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Cash-To-Debt | 0.02 | |||||
| Equity-to-Asset | 0.66 | |||||
| Debt-to-Equity | 0.37 | |||||
| Debt-to-EBITDA | 3.18 | |||||
| Interest Coverage | 5.31 | |||||
| Piotroski F-Score | 5/9 | |||||
| Altman Z-Score | 3.47 | |||||
| Beneish M-Score | -3.2 | |||||
| WACC vs ROIC | ||||||
Growth Rank
4/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| 3-Year Revenue Growth Rate | -7.7 | |||||
| 3-Year EBITDA Growth Rate | -8.5 | |||||
| 3-Year EPS without NRI Growth Rate | -8 | |||||
| 3-Year FCF Growth Rate | -2.9 | |||||
| 3-Year Book Growth Rate | 4.9 |
Momentum Rank
5/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| 5-Day RSI | 45.6 | |||||
| 9-Day RSI | 48.12 | |||||
| 14-Day RSI | 48.78 | |||||
| 6-1 Month Momentum % | -19.16 | |||||
| 12-1 Month Momentum % | -28.72 |
Liquidity Ratio
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Current Ratio | 0.73 | |||||
| Quick Ratio | 0.37 | |||||
| Cash Ratio | 0.06 | |||||
| Days Inventory | 161.02 | |||||
| Days Sales Outstanding | 25.33 | |||||
| Days Payable | 112.98 |
Dividend & Buy Back
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Dividend Yield % | 4.9 | |||||
| Dividend Payout Ratio | 0.38 | |||||
| 3-Year Dividend Growth Rate | -3.5 | |||||
| Forward Dividend Yield % | 4.9 | |||||
| 5-Year Yield-on-Cost % | 4.66 | |||||
| 3-Year Average Share Buyback Ratio | -2 |
Profitability Rank
8/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Gross Margin % | 39.66 | |||||
| Operating Margin % | 23.15 | |||||
| Net Margin % | 51.82 | |||||
| ROE % | 10.08 | |||||
| ROA % | 6.69 | |||||
| ROIC % | 2.93 | |||||
| ROC (Joel Greenblatt) % | 1637.95 | |||||
| ROCE % | 8.11 | |||||
| Years of Profitability over Past 10-Year | 10 |
GF Value Rank
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Price-to-FFO | 7.33 | |||||
| PE Ratio | 7.72 | |||||
| Forward PE Ratio | 11.51 | |||||
| PE Ratio without NRI | 7.79 | |||||
| Shiller PE Ratio | 9.93 | |||||
| Price-to-Owner-Earnings | 8.65 | |||||
| PS Ratio | 3.99 | |||||
| PB Ratio | 0.75 | |||||
| Price-to-Tangible-Book | 0.76 | |||||
| Price-to-Free-Cash-Flow | 13.57 | |||||
| Price-to-Operating-Cash-Flow | 13.75 | |||||
| EV-to-EBIT | 23.51 | |||||
| EV-to-Forward-EBIT | 36.22 | |||||
| EV-to-EBITDA | 22.28 | |||||
| EV-to-Forward-EBITDA | 36.22 | |||||
| EV-to-Revenue | 13.93 | |||||
| EV-to-Forward-Revenue | 38.41 | |||||
| EV-to-FCF | 48.08 | |||||
| Price-to-Projected-FCF | 0.62 | |||||
| Price-to-Median-PS-Value | 1.18 | |||||
| Price-to-Graham-Number | 0.51 | |||||
| Earnings Yield (Greenblatt) % | 4.25 | |||||
| Forward Rate of Return (Yacktman) % | -0.71 |
Guru Trades
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Insider Trades
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Executives
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Analyst Estimate
Key Statistics
| Name | Value | ||
|---|---|---|---|
| Revenue (TTM) (Mil A$) | 2,065 | ||
| EPS (TTM) (A$) | 0.271 | ||
| Beta | 1.35 | ||
| Volatility % | 22.57 | ||
| 14-Day RSI | 48.78 | ||
| 14-Day ATR (A$) | 0.050815 | ||
| 20-Day SMA (A$) | 2.0955 | ||
| 12-1 Month Momentum % | -28.72 | ||
| 52-Week Range (A$) | 1.975 - 3.18 | ||
| Shares Outstanding (Mil) | 3,943.07 |
Piotroski F-Score Details
Year:
| Component | Result | ||
|---|---|---|---|
| Piotroski F-Score | 5 | ||
| 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
| Document | Form | Filing Date | ||
|---|---|---|---|---|
| No Filing Data | ||||