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Goodman Property Trust
NZX:GMT

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Goodman Property Trust
NZX:GMT
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Price: 1.895 NZD 1.34% Market Closed
Market Cap: NZ$2.9B

P/OCF

17.4
Current
37%
Cheaper
vs 3-y average of 27.6

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
17.4
=
Market Cap
NZ$3B
/
Operating Cash Flow
NZ$167.3m

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
17.4
=
Market Cap
NZ$3B
/
Operating Cash Flow
NZ$167.3m

Valuation Scenarios

Goodman Property Trust is trading below its 3-year average

If P/OCF returns to its 3-Year Average (27.6), the stock would be worth NZ$3 (58% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-20%
Maximum Upside
+72%
Average Upside
30%
Scenario P/OCF Value Implied Price Upside/Downside
Current Multiple 17.4 NZ$1.9
0%
3-Year Average 27.6 NZ$3
+58%
5-Year Average 30 NZ$3.26
+72%
Industry Average 18.9 NZ$2.05
+8%
Country Average 13.9 NZ$1.51
-20%

Forward P/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward P/OCF

Peer Comparison

All Multiples
P/OCF
P/E
All Countries
Close

Market Distribution

In line with most companies in New Zealand
Percentile
59th
Based on 224 companies
59th percentile
17.4
Low
1.5 — 8.1
Typical Range
8.1 — 20.7
High
20.7 —
Distribution Statistics
New Zealand
Min 1.5
30th Percentile 8.1
Median 13.9
70th Percentile 20.7
Max 325.4

Goodman Property Trust
Glance View

Market Cap
2.9B NZD
Industry
Real Estate

In the bustling realm of commercial real estate, Goodman Property Trust stands out as a significant player, crafting a narrative of growth and strategic foresight. This New Zealand-based entity primarily focuses on industrial and business space properties, positioning itself at the heart of supply chain and logistics channels. The trust's portfolio is a tapestry of high-quality assets that cater to regionally pivotal sectors such as warehouse and distribution centers. By leveraging locations near key infrastructure points, Goodman ensures that its properties align with the logistical demands of global commerce, thereby attracting a cadre of tenants from top-tier, blue-chip companies looking to streamline their operations. Goodman's business model pivots on developing, owning, and managing these strategic assets to garner steady rental income and achieve capital appreciation. The trust is adept at identifying and acquiring properties that not only promise immediate returns but also hold potential for long-term value enhancement through astute development and management strategies. This capability allows Goodman to operate with a resilient balance sheet, providing its investors with a reliable income stream as well as opportunities for growth. The interplay between robust asset management and a deep-seated understanding of market dynamics enables Goodman Property Trust to maintain a stronghold in the industrial property sector, ultimately transforming space into sustainable value for stakeholders.

GMT Intrinsic Value
1.789 NZD
Overvaluation 6%
Intrinsic Value
Price NZ$1.895
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