ASX: BUY HOLD SELL – MGR
Mirvac Group (MGR) is engaged in real estate investment, development, third-party capital management and property asset management. MGR has three main segments, each responsible for the following- Office & Industrial: manages the office and industrial property portfolio to produce rental income, along with developing office and industrial projects. Also manages joint ventures and properties for third-party investors and owners.
- Retail: manages the retail property portfolio, including shopping centres, and also develops shopping centres and manages joint ventures and properties for third-party investors and owners.
- Residential: designs, develops, markets and sells residential properties to external customers, including Masterplanned Communities and Apartments, in core metropolitan markets.
![Mirvac stock box](https://marcustoday.com.au/member/webpages/images/report/20190813/image(19).png)
- ROE is solid and stable but unspectacular, hovering around 7%.
- Revenue growth and EPS growth are modest but stable.
- The stock is not particularly cheap, at almost 20x current earnings. That said, it compares favourably to GMG (30x) and DXS (22x)
- Yield is modest, at 3.7%.
- The stock is reasonably well covered, with 9 brokers offering opinion. 1 has a BUY rating, with 5 a HOLD
- The stock is trading at a 31.4% premium to intrinsic value, and a 15% premium to the average target price of brokers surveyed by Thomson Reuters.
![Mirvac broker recommendations](https://marcustoday.com.au/member/webpages/images/report/20190813/image(20).png)
![Mirvac chart](https://marcustoday.com.au/member/webpages/images/report/20190813/image(21).png)
![Mirvac short position](https://marcustoday.com.au/member/webpages/images/report/20190813/image(22).png)
![](https://marcustoday.com.au/wp-content/uploads/2018/10/Bull-and-Bear-layer-14-day-trial.png)