Mirvac Group is a reit—office business based in Australia. Mirvac shares (MGR) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $2.25 – an increase of 10.84% over the previous week. Mirvac has a trailing 12-month revenue of around $2.2 billion.
How to buy shares in Mirvac
- Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
- Search for Mirvac. Find the share by name or ticker symbol: MGR. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Mirvac reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price of $2.25, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check in on your investment. Congratulations, you own a part of Mirvac. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
- Mirvac key stats
- Compare share trading platforms
- Is Mirvac stock a buy or sell?
- Mirvac performance over time
- Is Mirvac suitable for ethical investing?
- Are Mirvac shares over-valued?
- Mirvac's financials
- How volatile are Mirvac shares?
- Does Mirvac pay a dividend?
- Have Mirvac shares ever split?
- Other common questions
Mirvac share priceUse our graph to track the performance of MGR stocks over time.
Mirvac shares at a glance
|Latest market close||AUDA$2.25|
|52-week range||AUDA$1.65 - AUDA$3.525|
|50-day moving average||AUDA$2.0883|
|200-day moving average||AUDA$2.1995|
|Dividend yield||AUDA$0.06 (2.8%)|
|Earnings per share (TTM)||AUDA$0.142|
Standard brokerage - Australian shares
Share Trading Account Offer
Competitive broker fees on Australian and international shares
- Brokerage - AU shares: From AUD 5 or 0.05%
- Brokerage - US shares: USD 0
- Sign-up process: Instant
- Support - After hours: Yes
Important: Share trading carries risk of capital loss.
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Is it a good time to buy Mirvac stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Mirvac price performance over time
|1 week (2020-09-21)||9.22%|
|1 month (2020-08-28)||7.66%|
|3 months (2020-06-26)||-0.44%|
|6 months (2020-03-27)||15.38%|
|1 year (2019-09-27)||-26.95%|
|2 years (2018-09-28)||-6.64%|
|3 years (2017-09-28)||-0.88%|
|5 years (2015-09-28)||26.76%|
Is Mirvac under- or over-valued?
Valuing Mirvac stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Mirvac's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Mirvac's P/E ratio
Mirvac's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 15x. In other words, Mirvac shares trade at around 15x recent earnings.
That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Mirvac's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $734 million.
The EBITDA is a measure of a Mirvac's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$2.2 billion|
|Operating margin TTM||29.82%|
|Gross profit TTM||$1 billion|
|Return on assets TTM||2.81%|
|Return on equity TTM||5.62%|
|Market capitalisation||$8.4 billion|
TTM: trailing 12 months
Mirvac's environmental, social and governance track record
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Mirvac.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Mirvac's total ESG risk score
Total ESG risk: 16.81
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Mirvac's overall score of 16.81 (as at 07/31/2020) is excellent – landing it in it in the 9th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Mirvac is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Mirvac's environmental score
Environmental score: 6.88/100
Mirvac's environmental score of 6.88 puts it squarely in the 8th percentile of companies rated in the same sector. This could suggest that Mirvac is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Mirvac's social score
Social score: 7.06/100
Mirvac's social score of 7.06 puts it squarely in the 8th percentile of companies rated in the same sector. This could suggest that Mirvac is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Mirvac's governance score
Governance score: 8.87/100
Mirvac's governance score puts it squarely in the 8th percentile of companies rated in the same sector. That could suggest that Mirvac is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Mirvac's controversy score
Controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Mirvac scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Mirvac has, for the most part, managed to keep its nose clean.
Environmental, social, and governance (ESG) summary
|Total ESG score||16.81|
|Total ESG percentile||8.68|
|Environmental score percentile||8|
|Social score percentile||8|
|Governance score percentile||8|
|Level of controversy||2|
Mirvac share dividends
Dividend payout ratio: 64.08% of net profits
Recently Mirvac has paid out, on average, around 64.08% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.8% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Mirvac shareholders could enjoy a 2.8% return on their shares, in the form of dividend payments. In Mirvac's case, that would currently equate to about A$0.06 per share.
Mirvac's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
The latest dividend was paid out to all shareholders who bought their shares by 28 June 2020 (the "ex-dividend date").
Have Mirvac's shares ever split?
Mirvac's shares were split on a 110:100 basis on 8 June 2009. So if you had owned 100 shares the day before before the split, the next day you'd have owned 110 shares. This wouldn't directly have changed the overall worth of your Mirvac shares – just the quantity. However, indirectly, the new 9.1% lower share price could have impacted the market appetite for Mirvac shares which in turn could have impacted Mirvac's share price.
Mirvac share price volatility
Over the last 12 months, Mirvac's shares have ranged in value from as little as $1.65 up to $3.525. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Mirvac's is 0.8084. This would suggest that Mirvac's shares are less volatile than average (for this exchange).
Mirvac is an Australian property group with a clearly defined purpose to reimagine urban life. By creating beautiful homes, inspiring workplace precincts and thriving shopping centres, we aim to make a positive contribution to our cities and communities. Mirvac was founded in 1972, which means we've been shaping Australia's urban landscape for almost fifty years. Of course, we've evolved a lot over that time ? growing from a small joint venture to become a thriving ASX-listed property group that leads the way in innovation, sustainability and placemaking. Renowned for the quality of our products, we've created some of Australia's most iconic places and precincts, from thriving masterplanned communities, to landmark offices including our own headquarters at EY Centre, 200 George Street, Sydney. At the heart of every project there exists a deep commitment to our customers and communities.
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