- Mirvac Group expects its full-year operating earnings per share (EPS) to be between A$0.120 and A$0.123.
- The company plans to distribute A$0.09 per share as dividends.
- In the first quarter, retail sales have reached a total moving annual turnover (MAT) of A$2.79 billion.
- Specialty sales have achieved a total MAT of A$880 million during the same period.
- Mirvac aims to settle between 2,000 and 2,500 residential lot transactions this financial year.
- The company intends to sell over A$0.5 billion in non-core assets.
- Securing capital partners for key development projects is also part of their strategy.
- The weighted average cost of debt is expected to remain around 5.6%.
- Gearing levels are anticipated to be higher in the first half of FY25 due to timing of cash flows.
- Analysts have rated Mirvac Group with 5 buy ratings, 5 hold ratings, and no sell ratings.
A look at Mirvac Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have assessed Mirvac Group‘s long-term outlook using their Smart Scores system. With a high score in Value and Dividend aspects, Mirvac Group is perceived as a solid investment option for those looking for stable returns and income generation. However, the lower scores in Growth and Resilience indicate some potential challenges ahead, particularly in terms of expansion and withstanding economic downturns. On the positive side, the Momentum score suggests that the company is exhibiting strong performance in the short term, which could bode well for its future prospects.
Mirvac Group, an integrated and diversified Australian property group, comprises both an investment portfolio and a development business. The company’s investment arm, Mirvac Property Trust, focuses on managing office, retail, and industrial assets, while the development business is involved in residential and commercial projects. Smartkarma’s Smart Scores highlight Mirvac Group‘s strengths and weaknesses across various factors, providing investors with valuable insights to make informed decisions regarding their investment in the company.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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