Mirvac Group (ASX:MGR) FCF Margin % : 30.25% (As of Jun. 2024)

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What is Mirvac Group FCF Margin %?

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Mirvac Group's Free Cash Flow for the six months ended in Jun. 2024 was A$514 Mil. Mirvac Group's Revenue for the six months ended in Jun. 2024 was A$1,699 Mil. Therefore, Mirvac Group's FCF Margin % for the quarter that ended in Jun. 2024 was 30.25%.

As of today, Mirvac Group's current FCF Yield % is 6.86%.

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

ASX:MGR' s FCF Margin % Range Over the Past 10 Years
Min: -3.44 Med: 22.82 Max: 39.5
Current: 18.31

During the past 13 years, the highest FCF Margin % of Mirvac Group was 39.50%. The lowest was -3.44%. And the median was 22.82%.

ASX:MGR's FCF Margin % is ranked worse than
65.44% of 926 companies
in the REITs industry
Industry Median: 39.315 vs ASX:MGR: 18.31

Mirvac Group FCF Margin % Historical Data

The historical data trend for Mirvac Group's FCF Margin % 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 Margin % Chart

Mirvac Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

FCF Margin %

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21.58

35.43

39.50

-3.44

18.31

Mirvac Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
FCF Margin %	Get a 7-Day Free Trial															49.43	-26.13	13.59	2.08	30.25

Competitive Comparison of Mirvac Group's FCF Margin %

For the REIT - Diversified subindustry, Mirvac Group's FCF Margin %, along with its competitors' market caps and FCF Margin % 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 Margin % Distribution in the REITs Industry

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

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

Mirvac Group FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Mirvac Group's FCF Margin for the fiscal year that ended in Jun. 2024 is calculated as

FCF Margin	=	Free Cash Flow (A: Jun. 2024 )	/	Revenue (A: Jun. 2024 )
	=	540	/	2950
	=	18.31 %

Mirvac Group's FCF Margin for the quarter that ended in Jun. 2024 is calculated as

FCF Margin	=	Free Cash Flow (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	514	/	1699
	=	30.25 %

Mirvac Group FCF Margin % Related Terms

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Mirvac Group Business Description

Industry

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MRVGF:USA

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 quarter of EBIT in fiscal 2024, despite requiring only about less than 20% 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. After an expected trough in 2025 we forecast modest growth as Mirvac 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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