Company Valuation: Goodman Property Trust

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 3,298 3,003 3,508 2,877 2,902 3,214 - -
Change - -8.94% 16.83% -17.98% 0.86% 10.75% - -
Enterprise Value (EV) 1 4,380 4,256 4,959 4,327 3,596 3,646 3,686 3,706
Change - -2.82% 16.52% -12.74% -16.9% 1.39% 1.11% 0.55%
P/E 4.41x -22.2x -5.67x 26.3x 11.8x 14.8x 14.3x 14.2x
PBR 0.9x 0.87x 1.13x 0.92x 0.89x 0.96x 0.92x 0.88x
PEG - 0x -0x -0x 0x -1.2x 3.79x 26.09x
Capitalization / Revenue 21x 17x 14.4x 12.5x 15.7x 19x 17.7x 17.6x
EV / Revenue 27.9x 24x 20.3x 18.8x 19.5x 21.5x 20.3x 20.3x
EV / EBITDA 29.7x 25.6x 24.4x 19.8x 20.3x 23.3x 21.6x 20.4x
EV / EBIT 31.7x 27.3x 27.2x 20.8x 22.3x 19.3x 18.5x 17.7x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.055 0.059 0.062 0.065 0.0682 0.0718 0.0751 0.0787
Rate of return 2.33% 2.76% 2.72% 3.48% 3.6% 3.42% 3.58% 3.75%
EPS 2 0.5357 -0.0965 -0.4021 0.0712 0.1612 0.1417 0.147 0.1478
Distribution rate 10.3% -61.1% -15.4% 91.3% 42.3% 50.7% 51.1% 53.2%
Net sales 1 157.1 177 244.1 230.5 184.5 169.5 181.1 182.4
EBITDA 1 147.6 166.1 203.1 218.4 177.3 156.6 170.6 181.7
EBIT 1 138 156 182.3 208.5 161.2 189.2 199 209.8
Net income 1 748.6 -135.4 -564.9 109.6 248 194.5 218.6 273.8
Net Debt 1 1,082 1,253 1,451 1,450 693.5 431.3 471.7 491.9
Reference price 2 2.360 2.140 2.280 1.870 1.895 2.100 2.100 2.100
Nbr of stocks (in thousands) 1,397,303 1,403,255 1,538,769 1,538,769 1,531,556 1,530,611 - -
Announcement Date 18/05/22 17/05/23 27/05/24 28/05/25 25/05/26 - - -
1NZD in Million2NZD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.68x21.33x23.08x3.45% 1.86B
15.83x4.98x13.41x3.2% 45.06B
8.7x1.49x7.68x4.07% 30.67B
20.6x4.23x17.36x1.22% 30.47B
5.54x0.61x1.25x8.96% 26.85B
14.22x3.1x14.85x2.47% 25.48B
15.13x6.83x18.33x1.41% 21.41B
8.95x2.31x7.1x4.07% 21.11B
10.17x1.64x14.26x3.72% 18.66B
Average 12.65x 5.17x 13.04x 3.62% 24.62B
Weighted average by Cap. 12.86x 3.43x 11.88x 3.62%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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