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 3,077 - -
Change - -8.94% 16.83% -17.98% 0.86% 6% - -
Enterprise Value (EV) 1 4,380 4,256 4,959 4,327 3,596 3,508 3,548 3,568
Change - -2.82% 16.52% -12.74% -16.9% -2.45% 1.15% 0.57%
P/E 4.41x -22.2x -5.67x 26.3x 11.8x 14.2x 13.7x 13.6x
PBR 0.9x 0.87x 1.13x 0.92x 0.89x 0.92x 0.88x 0.84x
PEG - 0x -0x -0x 0x -1.2x 3.63x 24.99x
Capitalization / Revenue 21x 17x 14.4x 12.5x 15.7x 16.7x 15.7x 15x
EV / Revenue 27.9x 24x 20.3x 18.8x 19.5x 19x 18.1x 17.4x
EV / EBITDA 29.7x 25.6x 24.4x 19.8x 20.3x 22.4x 20.8x 19.6x
EV / EBIT 31.7x 27.3x 27.2x 20.8x 22.3x 18.5x 17.8x 17x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.055 0.059 0.062 0.065 0.0682 0.0717 0.0751 0.0787
Rate of return 2.33% 2.76% 2.72% 3.48% 3.6% 3.57% 3.74% 3.92%
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% 50.6% 51.1% 53.2%
Net sales 1 157.1 177 244.1 230.5 184.5 184.5 196.4 204.8
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 2.010 2.010 2.010
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.($)
14.19x19.02x22.39x3.57% 1.81B
15.1x4.82x12.97x3.35% 42.99B
8.61x1.49x7.8x4.13% 29.74B
18.41x4.03x16.47x1.34% 28.08B
6.23x0.33x0.69x8.99% 26.76B
13.66x3.05x14.7x2.59% 24.75B
8.84x2.28x7x3.95% 20.82B
8.03x0.89x3.24x2.78% 20.55B
13.7x6.59x17.66x1.55% 19.8B
10.08x1.64x14.18x3.74% 18.37B
Average 11.68x 4.41x 11.71x 3.6% 23.37B
Weighted average by Cap. 11.80x 3.04x 10.69x 3.66%

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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