Mirvac Group (MGR.AX)
Real Estate · ASX · Australia
Fundamentals
Valuation and ratings
Mirvac Group trades at A$1.73, which is 117% below the A$3.75 our discounted cash flow model puts on the business. On that measure alone it screens as undervalued, though a DCF is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 50 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 17.1 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
About Mirvac Group
Mirvac Group is an Australian Securities Exchange listed company, with an integrated asset creation and curation capability. They own and manage assets across office, retail, industrial and the living sectors in their investment portfolio, with approximately 22 billion dollars of assets under management. Its development activities span commercial and mixed-use and residential, with a development pipeline of approximately 29 billion dollars. The firm focus on delivering high-quality, innovative and sustainable real estate for our customers, while driving long-term value for their securityholders. Mirvac Group was founded in 1972 and incorporated in Australia.
MGR.AX passes 4 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is Mirvac Group (MGR.AX) undervalued?
Against our discounted cash flow estimate of A$3.75, MGR.AX at A$1.73 is 117% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is MGR.AX's P/E ratio?
MGR.AX trades at 17.1 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.