Financials Goodman Property Trust OTC Markets

Equities

GPPYF

NZCPTE0001S9

Commercial REITs

Market Closed - OTC Markets 5-day change 1st Jan Change
- USD -.--% Intraday chart for Goodman Property Trust -.--% -.--%

Valuation

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 2,973 3,144 3,298 3,003 3,508 3,031 - -
Enterprise Value (EV) 1 3,587 3,871 4,380 4,256 3,508 4,228 4,159 4,130
P/E ratio 11 x 4.98 x 4.41 x -22.2 x -5.67 x 251 x 8.67 x 8.85 x
Yield 3.1% 2.35% 2.33% 2.76% - 3.3% 3.43% 3.63%
Capitalization / Revenue 20.5 x 20.6 x 21 x 17 x 14.4 x 13.8 x 13.8 x 13.3 x
EV / Revenue 24.7 x 25.3 x 27.9 x 24 x 14.4 x 19.2 x 18.9 x 18.1 x
EV / EBITDA 26.1 x 26.4 x 29.7 x 25.6 x 17.3 x 20.4 x 21.2 x 20.7 x
EV / FCF - - -19.6 x - - 7.52 x 9.44 x 12.5 x
FCF Yield - - -5.09% - - 13.3% 10.6% 8.02%
Price to Book 1.24 x 1.06 x 0.9 x 0.87 x - 0.96 x 0.91 x 0.86 x
Nbr of stocks (in thousands) 13,85,791 13,91,228 13,97,303 14,03,255 15,38,769 15,38,769 - -
Reference price 2 2.145 2.260 2.360 2.140 2.280 1.970 1.970 1.970
Announcement Date 28/05/20 13/05/21 18/05/22 17/05/23 27/05/24 - - -
1NZD in Million2NZD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 145.3 153 157.1 177 244.1 220.4 219.9 228.3
EBITDA 1 137.5 146.4 147.6 166.1 203.1 207.3 196.1 199.7
EBIT 1 131.6 137.2 138 156 182.3 208.4 212.7 224.9
Operating Margin 90.57% 89.67% 87.84% 88.14% 74.68% 94.52% 96.71% 98.55%
Earnings before Tax (EBT) 1 284.4 - 763.8 - -626.5 164 331 305
Net income 1 261.9 631.7 748.6 -135.4 -564.9 57.19 306.9 317.6
Net margin 180.25% 412.88% 476.51% -76.5% -231.42% 25.95% 139.53% 139.13%
EPS 2 0.1948 0.4541 0.5357 -0.0965 -0.4021 0.007840 0.2272 0.2225
Free Cash Flow 1 - - -223 - - 561.9 440.6 331.4
FCF margin - - -141.95% - - 254.92% 200.32% 145.18%
FCF Conversion (EBITDA) - - - - - 271.06% 224.68% 165.95%
FCF Conversion (Net income) - - - - - 982.51% 143.57% 104.35%
Dividend per Share 2 0.0665 0.0530 0.0550 0.0590 - 0.0650 0.0676 0.0716
Announcement Date 28/05/20 13/05/21 18/05/22 17/05/23 27/05/24 - - -
1NZD in Million2NZD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 615 727 1,082 1,253 - 1,196 1,128 1,099
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.469 x 4.967 x 7.331 x 7.544 x - 5.77 x 5.752 x 5.502 x
Free Cash Flow 1 - - -223 - - 562 441 331
ROE (net income / shareholders' equity) 4.07% 3.55% 3% 3.13% - 4.34% 4.31% 4.09%
ROA (Net income/ Total Assets) - 2.73% 17.3% 2.3% - 4.8% 4.65% 4.77%
Assets 1 - 23,175 4,323 -5,892 - 1,191 6,600 6,658
Book Value Per Share 2 1.730 2.130 2.620 2.450 - 2.040 2.170 2.290
Cash Flow per Share 2 0.0600 0.0600 0.0700 0.0700 - 0.1100 0.1100 0.1000
Capex 1 125 74.3 73 188 - 128 104 124
Capex / Sales 86.17% 48.56% 46.47% 105.93% - 58.28% 47.39% 54.28%
Announcement Date 28/05/20 13/05/21 18/05/22 17/05/23 27/05/24 - - -
1NZD in Million2NZD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
4
Last Close Price
1.97 NZD
Average target price
2.145 NZD
Spread / Average Target
+8.88%
Consensus

Annual profits - Rate of surprise

  1. Stock Market
  2. Equities
  3. GMT Stock
  4. GPPYF Stock
  5. Financials Goodman Property Trust