MIRVAC GROUP (MGR)
Share Price Analysis and Chart

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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

$2.00

03 Feb
2026

0.010

OPEN

$1.99

0.50%

HIGH

$2.02

22,910,201

LOW

$1.97

TARGET
$2.442 22.1% 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 12.9 xxx
DPS (cps) xxx 9.0 9.8 xxx
EPS Growth xxx N/A 100.0% xxx
DPS Growth xxx - 14.3% 8.3% xxx
PE Ratio xxx N/A 15.3 xxx
Dividend Yield xxx N/A 4.9% xxx
Div Pay Ratio(%) xxx 523.3% 75.6% xxx

Dividend yield today if purchased 3 years ago: 3.69%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.55

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-di

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

0.6

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

16/01/2026

1

Upgrade to Buy from Hold

$2.25

12.50%

Post a review of the property sector which factors in possible interest rate rises in 2026, Ord Minnett increases the estimated interest costs for all property stocks, with the risk-free rate forecast rising to 4.5% from 4%.

Ord Minnett upgrades Mirvac Group to Buy from Hold, expecting growth to return on the back of higher development revenue and wider margins. The office segment, which represents around 40% of the portfolio, looks to have stabilised and reached the trough of the cycle.

The broker forecasts an EPS CAGR of 9% over three years.

Target price slips to $2.25 from $2.35.

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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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

13/01/2026

1

Upgrade to Buy from Neutral

$2.55

27.50%

Ahead of the February results season, sector analysts at Jarden have updated mark-to-market and valuations modeling, incorporating recent news flow and fresh insights.

Overall, sector earnings estimates have changed only slightly, and the same goes for valuations. The update has generated four changes in ratings for individual stocks in the sector.

Mirvac Group's rating has improved to Buy from Neutral. Target price is now $2.55 (up from $2.50).
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