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 3,199 - -
Change - -8.94% 16.83% -17.98% 0.86% 10.22% - -
Enterprise Value (EV) 1 4,380 4,256 4,959 4,327 3,596 3,630 3,671 3,691
Change - -2.82% 16.52% -12.74% -16.9% 0.96% 1.11% 0.55%
P/E 4.41x -22.2x -5.67x 26.3x 11.8x 14.8x 14.2x 14.1x
PBR 0.9x 0.87x 1.13x 0.92x 0.89x 0.95x 0.91x 0.87x
PEG - 0x -0x -0x 0x -1.2x 3.76x 25.91x
Capitalization / Revenue 21x 17x 14.4x 12.5x 15.7x 18.9x 17.7x 17.5x
EV / Revenue 27.9x 24x 20.3x 18.8x 19.5x 21.4x 20.3x 20.2x
EV / EBITDA 29.7x 25.6x 24.4x 19.8x 20.3x 23.2x 21.5x 20.3x
EV / EBIT 31.7x 27.3x 27.2x 20.8x 22.3x 19.2x 18.4x 17.6x
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% 3.43% 3.59% 3.77%
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 2.090 2.090 2.090
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 5/18/22 A 5/17/23 A 5/27/24 A 5/28/25 A 5/25/26 A - - -
1NZD in Million2NZD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.75x21.42x23.18x3.43% 1.85B
15.72x4.95x13.32x3.23% 44.86B
8.68x1.5x7.67x4.06% 31B
20.21x4.18x17.06x1.23% 30.11B
5.64x0.62x1.27x8.93% 26.42B
14.76x3.15x15.12x2.38% 26.72B
9.15x2.36x7.27x3.81% 21.61B
14.97x6.82x18.24x1.42% 21.09B
7.83x0.87x3.16x2.85% 19.87B
Average 12.41x 5.10x 11.81x 3.48% 24.84B
Weighted average by Cap. 12.62x 3.34x 10.89x 3.5%

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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