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 3,061 - -
Change - -8.94% 16.83% -17.98% 0.86% 5.48% - -
Enterprise Value (EV) 1 4,380 4,256 4,959 4,327 3,596 3,493 3,533 3,553
Change - -2.82% 16.52% -12.74% -16.9% -2.87% 1.16% 0.57%
P/E 4.41x -22.2x -5.67x 26.3x 11.8x 14.1x 13.6x 13.5x
PBR 0.9x 0.87x 1.13x 0.92x 0.89x 0.91x 0.87x 0.84x
PEG - 0x -0x -0x 0x -1.2x 3.6x 24.81x
Capitalization / Revenue 21x 17x 14.4x 12.5x 15.7x 18.1x 16.9x 16.8x
EV / Revenue 27.9x 24x 20.3x 18.8x 19.5x 20.6x 19.5x 19.5x
EV / EBITDA 29.7x 25.6x 24.4x 19.8x 20.3x 22.3x 20.7x 19.6x
EV / EBIT 31.7x 27.3x 27.2x 20.8x 22.3x 18.5x 17.8x 16.9x
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% 3.59% 3.76% 3.94%
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 2.000 2.000 2.000
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.12x20.6x22.3x3.59% 1.8B
16x5.02x13.52x3.17% 45.53B
8.59x1.49x7.62x4.11% 30.19B
19.43x4.08x16.67x1.28% 29.4B
5.54x0.58x1.2x9.09% 26.47B
14.43x3.12x14.95x2.44% 26.35B
9.06x2.34x7.19x3.85% 21.35B
14.46x6.71x17.95x1.47% 20.88B
7.79x0.86x3.14x2.87% 19.93B
Average 12.16x 4.98x 11.62x 3.54% 24.65B
Weighted average by Cap. 12.44x 3.32x 10.78x 3.55%

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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