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 2,908 - -
Change - -8.94% 16.83% -17.98% 0.86% 0.2% - -
Enterprise Value (EV) 1 4,380 4,256 4,959 4,327 3,596 3,339 3,380 3,400
Change - -2.82% 16.52% -12.74% -16.9% -7.13% 1.21% 0.6%
P/E 4.41x -22.2x -5.67x 26.3x 11.8x 13.4x 12.9x 12.9x
PBR 0.9x 0.87x 1.13x 0.92x 0.89x 0.87x 0.83x 0.79x
PEG - 0x -0x -0x 0x -1.1x 3.42x 23.71x
Capitalization / Revenue 21x 17x 14.4x 12.5x 15.7x 15.8x 14.8x 14.2x
EV / Revenue 27.9x 24x 20.3x 18.8x 19.5x 18.1x 17.2x 16.6x
EV / EBITDA 29.7x 25.6x 24.4x 19.8x 20.3x 21.3x 19.8x 18.7x
EV / EBIT 31.7x 27.3x 27.2x 20.8x 22.3x 17.7x 17x 16.2x
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% 3.78% 3.95% 4.14%
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 1 157.1 177 244.1 230.5 184.5 184.5 196.4 204.8
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 1.900 1.900 1.900
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 5/18/22 5/17/23 5/27/24 5/28/25 5/25/26 - - -
1NZD in Million2NZD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.55x18.27x21.52x3.74% 1.66B
14.04x4.55x12.24x3.61% 39.98B
5.75x0.78x1.61x8.56% 28.11B
17.96x3.96x15.93x1.36% 27.51B
7.9x1.42x7.84x4.47% 26.42B
13.87x3.09x14.78x2.52% 25.41B
8.09x0.9x3.26x2.76% 20.68B
10.25x2.01x8.28x4.1% 20.61B
13.13x6.41x16.86x1.66% 18.68B
37.7x13.82x34.8x3.15% 18.2B
Average 14.22x 5.52x 13.71x 3.59% 22.73B
Weighted average by Cap. 13.69x 3.92x 12.22x 3.7%

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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