MIRVAC GROUP (MGR)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

MGR

MGR - MIRVAC GROUP

FNArena Sector : Infra & Property Developers
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 12.31
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Mirvac is an Australian property group with a portfolio that includes commercial offices, retail centres and industrial properties across Australia. It is also active in the build to rent sector. The company was founded in 1972 and publicly listed in 1999.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.70

30 Apr
2026

-0.010

OPEN

$1.70

-0.58%

HIGH

$1.71

18,116,831

LOW

$1.69

TARGET
$1.996 17.4% upside
OTHER COMPANIES IN THE SAME SECTOR
CMW . CWP . FRI . FWD . GLF . GMG . GOZ . GPT . LIC . LLC . PPC . SFC . SGP . SIO . UOS .
FNARENA'S MARKET CONSENSUS FORECASTS
MGR: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 1.7 13.0 xxx
DPS (cps) xxx 9.0 9.5 xxx
EPS Growth xxx N/A 100.0% xxx
DPS Growth xxx - 14.3% 5.6% xxx
PE Ratio xxx N/A 13.2 xxx
Dividend Yield xxx N/A 5.6% xxx
Div Pay Ratio(%) xxx 523.3% 73.2% xxx

Dividend yield today if purchased 3 years ago: 3.95%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.28

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 27/06 - (franking ex-div 4.5c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx1.7
DPS All xxxxxxxxxxxxxxx9.0
Sales/Revenue xxxxxxxxxxxxxxx2,466.0 M
Book Value Per Share xxxxxxxxxxxxxxx229.5
Net Operating Cash Flow xxxxxxxxxxxxxxx550.0 M
Net Profit Margin xxxxxxxxxxxxxxx2.76 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx0.74 %
Return on Invested Capital xxxxxxxxxxxxxxx0.51 %
Return on Assets xxxxxxxxxxxxxxx0.44 %
Return on Equity xxxxxxxxxxxxxxx0.74 %
Return on Total Capital xxxxxxxxxxxxxxx2.19 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx133.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx479 M
Long Term Debt xxxxxxxxxxxxxxx4,065 M
Total Debt xxxxxxxxxxxxxxx4,544 M
Goodwill - Gross xxxxxxxxxxxxxxx67 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx236 M
Price To Book Value xxxxxxxxxxxxxxx0.96

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx2.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.08 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,826 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx340 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx9,791 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

24/04/2026

3

Neutral

$1.97

15.88%

Highlighting some emerging weakness in April across NSW/Victoria, UBS notes Mirvac Group remains confident it can achieve FY26 guidance with settlements of 1074/1060, respectively, needed in 4Q to achieve the midpoint of FY26 guidance.

The 3Q26 trading update reflected some seasonality and timing of project completion while margins are expected to soften over 2H26 with more apartments coming on stream.

Rising costs are most prevalent with higher diesel prices impacting on master planned communities (MPC) more than apartments with civil projects essentially compete for FY27 which is expected to protect margins.

The broker views risks to the earnings downside from rising interest rates and a more challenging macro backdrop.

No change in Neutral rating and $1.97 target price.

FORECAST
UBS forecasts a full year FY26 dividend of 9.50 cents and EPS of 13.00 cents.
UBS forecasts a full year FY27 dividend of 10.00 cents and EPS of 13.70 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxx xx xxxxxxxxxx xxxx xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

23/04/2026

2

Downgrade to Overweight from Buy

$2.24

31.76%

Jarden downgrades Mirvac Group to an Overweight rating from Buy and maintains a $2.24 target price following a third-quarter update aligning with expectations.

Management reaffirmed FY26 earnings guidance, supported by robust 12% year-on-year growth in residential sales and encouraging momentum across the investment portfolio, where industrial incentives increased alongside improving moving annual turnover.

Despite securing roughly 96% of targeted lots for the current financial year, the analysts observe softening enquiry conversion in April as higher interest rates and escalating civil works costs begin weighing on customer sentiment.

The broker consequently reduced FY27 earnings forecasts by -9% to account for these anticipated margin compressions and a potentially lower settlement profile across slower regions like Victoria and select New South Wales projects.

Valuation remains compelling, with the analysts viewing the risk-to-reward dynamic as increasingly attractive despite near-term macroeconomic volatility.

FORECAST
Jarden forecasts a full year FY26 dividend of 9.50 cents and EPS of 13.20 cents.
Jarden forecasts a full year FY27 dividend of 10.40 cents and EPS of 14.50 cents.
Access Extra Coverage Research History >

MGR STOCK CHART

FNArena News on MGR

Latest Infra & Property Developers News

1
Goodman Silences The Critics

May 18 2022 - Australia
2
Treasure Chest: Stockland Ready To De-Couple

Apr 05 2022 - Treasure Chest
3
Stockland: Property Portfolio In Transformation

Nov 10 2021 - Australia
4
The Goodman Group Good News Story Continues

Nov 03 2021 - Australia
5
Goodman Group: Momentum Strong

Oct 26 2021 - Technicals
6
Will There Be Upside From Lendlease Targets?

Sep 06 2021 - Australia
7
Mirvac’s Earnings Wired To Apartment Resurgence

Aug 17 2021 - Australia
8
Stockland Ups Exposure To Land Lease Sector

Jul 21 2021 - Australia
9
Warehousing Demand Powers Goodman Group

Feb 22 2021 - Australia
10
Short-Term Uncertainties Weigh On Mirvac

Feb 15 2021 - Australia