Company Valuation: Mirvac Group

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 11,498 7,788 8,918 7,379 8,681 7,103 - -
Change - -32.27% 14.51% -17.26% 17.65% -18.18% - -
Enterprise Value (EV) 1 15,303 11,521 13,336 11,524 12,909 10,995 11,254 11,291
Change - -24.72% 15.76% -13.59% 12.02% -14.82% 2.36% 0.32%
P/E 12.8x 8.59x -53.8x -9.17x 129x 12x 11.9x 10.6x
PBR 1.09x 0.7x 0.84x 0.79x 0.96x 0.71x 0.69x 0.66x
PEG - 19.67x 0x -0x -1x 0x 17.88x 0.8x
Capitalization / Revenue 14.7x 9.91x 11.5x 10.5x 13.5x 7.48x 7.33x 6.71x
EV / Revenue 19.6x 14.7x 17.2x 16.3x 20x 11.6x 11.6x 10.7x
EV / EBITDA 19.7x 13.5x 15.9x 12.3x 16x 13.2x 13.2x 11.9x
EV / EBIT 21.7x 14.9x 17.4x 13.4x 17.5x 13.2x 13.2x 12x
EV / FCF 24.2x 13x -222x 21.3x 23.6x 23.3x 221x 35.5x
FCF Yield 4.13% 7.72% -0.45% 4.69% 4.25% 4.3% 0.45% 2.82%
Dividend per Share 2 0.099 0.102 0.105 0.105 0.09 0.0958 0.099 0.1088
Rate of return 3.39% 5.16% 4.65% 5.61% 4.09% 5.32% 5.5% 6.04%
EPS 2 0.229 0.23 -0.042 -0.204 0.017 0.1502 0.1512 0.1705
Distribution rate 43.2% 44.3% -250% -51.5% 529% 63.8% 65.4% 63.8%
Net sales 1 781 786 777 705 644 949.1 968.5 1,058
EBITDA 1 775 856 840 935 805 835 854.8 951.6
EBIT 1 704 773 767 860 736 835.3 851.9 940.9
Net income 1 901 906 -165 -805 68 601 594.8 664.5
Net Debt 1 3,805 3,733 4,418 4,145 4,228 3,893 4,152 4,188
Reference price 2 2.920 1.975 2.260 1.870 2.200 1.800 1.800 1.800
Nbr of stocks (in thousands) 3,937,557 3,943,069 3,945,860 3,945,860 3,945,860 3,945,860 - -
Announcement Date 8/11/21 8/10/22 8/15/23 8/7/24 8/14/25 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.98x11.59x13.17x5.32% 5.02B
23.89x13.48x16.02x5.29% 16.1B
9.11x14.28x18.47x5.92% 7.12B
15.43x15.43x16.55x4.69% 7.11B
22.88x14.63x15.88x4.19% 6.53B
9.33x17.1x20.59x7.5% 6.39B
10.53x14.89x15.99x6.73% 6.13B
8.82x14.11x18.22x5.63% 6.08B
19.82x10.38x12.9x6.13% 4.63B
Average 14.64x 13.99x 16.42x 5.71% 7.23B
Weighted average by Cap. 15.95x 14.08x 16.54x 5.63%

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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  4. Valuation Mirvac Group