Projected Income Statement: Goodman Property Trust

Forecast Balance Sheet: Goodman Property Trust

Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Net Debt 1 1,082 1,253 1,451 1,450 694 431 472 492
Change - 15.8% 15.8% -0.07% -52.14% -37.85% 9.51% 4.24%
Announcement Date 5/18/22 5/17/23 5/27/24 5/28/25 5/25/26 - - -
1NZD in Million
Estimates

Cash Flow Forecast: Goodman Property Trust

Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
CAPEX 1 73 187.5 213.5 89.3 67.7 102 106.9 136
Change - 156.85% 13.87% -58.17% -24.19% 50.62% 4.79% 27.31%
Free Cash Flow (FCF) 1 -223 - -101.4 - - - - -
Change - - - - - - - -
Announcement Date 5/18/22 5/17/23 5/27/24 5/28/25 5/25/26 - - -
1NZD in Million
Estimates

Forecast Financial Ratios: Goodman Property Trust

Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029

Profitability

        
EBITDA Margin (%) 93.95% 93.84% 83.2% 94.75% 96.1% 92.41% 94.18% 99.59%
EBIT Margin (%) 87.84% 88.14% 74.68% 90.46% 87.37% 111.6% 109.85% 115.02%
EBT Margin (%) 486.19% - -256.66% - - - - -
Net margin (%) 476.51% -76.5% -231.42% 47.55% 134.42% 114.72% 120.67% 150.13%
FCF margin (%) -141.95% - -41.54% - - - - -
FCF / Net Income (%) -29.79% - 17.95% - - - - -

Profitability

        
ROA 17.32% 2.3% 2.54% 2.31% 5.51% 4.46% 4.61% 4.87%
ROE 3% 3.13% 3.71% 3.53% 7.81% 4.07% 4.22% 4.41%

Financial Health

        
Leverage (Debt/EBITDA) 7.33x 7.54x 7.14x 6.64x 3.91x 2.75x 2.76x 2.71x
Debt / Free cash flow -4.85x - -14.31x - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 46.47% 105.93% 87.46% 38.74% 36.69% 60.15% 58.99% 74.58%
CAPEX / EBITDA (%) 49.46% 112.88% 105.12% 40.89% 38.18% 65.1% 62.63% 74.88%
CAPEX / FCF (%) -32.74% - -210.55% - - - - -

Items per share

        
Cash flow per share 1 0.065 0.0651 0.1306 0.082 0.079 0.0887 0.0962 0.107
Change - 0.22% 100.43% -37.19% -3.61% 12.16% 8.46% 11.23%
Dividend per Share 1 0.055 0.059 0.062 0.065 0.0682 0.0718 0.0751 0.0787
Change - 7.27% 5.08% 4.84% 5% 5.14% 4.65% 4.79%
Book Value Per Share 1 2.618 2.452 2.014 2.022 2.119 2.19 2.288 2.395
Change - -6.32% -17.86% 0.38% 4.82% 3.33% 4.47% 4.69%
EPS 1 0.5357 -0.0965 -0.4021 0.0712 0.1612 0.1417 0.147 0.1478
Change - -118.01% -316.68% 117.71% 126.4% -12.12% 3.78% 0.54%
Nbr of stocks (in thousands) 1,397,303 1,403,255 1,538,769 1,538,769 1,531,556 1,530,611 1,530,611 1,530,611
Announcement Date 5/18/22 5/17/23 5/27/24 5/28/25 5/25/26 - - -
1NZD
Estimates
2027 *2028 *
P/E 15.1x 14.6x
PBR 0.98x 0.94x
EV / Sales 21.9x 20.7x
Yield 3.35% 3.51%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
BBB
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
2.140NZD
Average target price
2.176NZD
Spread / Average Target
+1.69%

Annual profits - Rate of surprise

  1. Stock Market
  2. Stocks
  3. GNZ Stock
  4. Financials Goodman Property Trust