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 3,153 - -
Change - -8.94% 16.83% -17.98% 0.86% 8.64% - -
Enterprise Value (EV) 1 4,380 4,256 4,959 4,327 3,596 3,584 3,625 3,645
Change - -2.82% 16.52% -12.74% -16.9% -0.32% 1.13% 0.56%
P/E 4.41x -22.2x -5.67x 26.3x 11.8x 14.5x 14x 13.9x
PBR 0.9x 0.87x 1.13x 0.92x 0.89x 0.94x 0.9x 0.86x
PEG - 0x -0x -0x 0x -1.2x 3.71x 25.54x
Capitalization / Revenue 21x 17x 14.4x 12.5x 15.7x 18.6x 17.4x 17.3x
EV / Revenue 27.9x 24x 20.3x 18.8x 19.5x 21.1x 20x 20x
EV / EBITDA 29.7x 25.6x 24.4x 19.8x 20.3x 22.9x 21.2x 20.1x
EV / EBIT 31.7x 27.3x 27.2x 20.8x 22.3x 18.9x 18.2x 17.4x
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% 3.48% 3.65% 3.82%
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 2.060 2.060 2.060
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.($)
14.54x21.15x22.88x3.48% 1.85B
15.87x4.99x13.43x3.19% 45.16B
8.7x1.46x7.66x4.08% 30.1B
18.46x3.97x16.19x1.35% 28.4B
5.58x0.6x1.23x9.03% 26.66B
13.77x3.05x14.62x2.55% 25.55B
9.03x2.33x7.17x3.86% 21.29B
14.05x6.62x17.72x1.52% 20.63B
8.5x0.94x3.43x2.63% 21.74B
16.39x9.6x18.19x5.05% 17.52B
Average 12.49x 5.47x 12.25x 3.67% 23.89B
Weighted average by Cap. 12.49x 3.73x 11.12x 3.67%

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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