Mirvac Group Overview
- Year Founded
-
1972
- Status
-
Public
- Employees
-
1,684
- Stock Symbol
-
MGR
- Investments
-
19
- Share Price
-
$1.51
- (As of Monday Closing)
Mirvac Group General Information
Description
Mirvac is one of Australia's largest residential developers, particularly apartments. Residential development earnings are volatile, generating about a quarter of EBIT in fiscal 2024, despite requiring only about less than 20% of the group's invested capital. Over our 10-year discrete forecast period we don't expect residential development to exceed the lofty peaks seen in 2017, when Mirvac settled 3,400 residential lots. After an expected trough in 2025 we forecast modest growth as Mirvac constructs housing into an under-supplied market. About 80% of Mirvac's earnings come from a predictable commercial property portfolio, more than half of which is high-grade office and another fourth in retail, a small industrial portfolio, and a small but growing build-to-rent residential portfolio.
Contact Information
Website
www.mirvac.comCorporate Office
- Level 28
- 200 George Street
- Sydney, New South Wales 2000
- Australia
Corporate Office
- Level 28
- 200 George Street
- Sydney, New South Wales 2000
- Australia
Mirvac Group Stock Performance
(As of Monday Closing)
| Stock Price | Previous Close | 52 wk Range | Market Cap | Shares | Average Volume | EPS |
|---|---|---|---|---|---|---|
| $1.51 | $1.51 | $1.15 - $1.56 | $5.78B | 3.95B | 17.4M | -$0.13 |
Mirvac Group Financials Summary
|
In Thousands, USD |
TTM 30-Jun-2024 | FY 2024 30-Jun-2024 | FY 2023 30-Jun-2023 | FY 2022 30-Jun-2022 |
|---|---|---|---|---|
| EV | 7,975,681 | 7,975,681 | 8,825,396 | 7,968,673 |
| Revenue | 1,933,247 | 1,933,247 | 1,212,117 | 1,629,045 |
| EBITDA | (511,819) | (511,819) | (121,010) | 747,853 |
| Net Income | (527,547) | (527,547) | (110,926) | 656,546 |
| Total Assets | 10,397,631 | 10,397,631 | 11,174,730 | 11,835,480 |
| Total Debt | 2,994,432 | 2,994,432 | 3,005,170 | 2,951,819 |
Mirvac Group Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Mirvac Group Comparisons
Industry
Financing
Details
000000
Mirvac Group Competitors (1)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Stockland Corporation | Corporation | Sydney, Australia | 0000 | 00000000 |
Mirvac Group Executive Team (13)
| Name | Title | Board Seat |
|---|---|---|
| Campbell Hanan | Chief Executive Officer & Board Member | |
| Susan Lloyd-Hurwitz | Chief Executive Officer & Board Member | |
| Stuart Penklis | Co-Chief Executive Officer, Development - Residential, Commercial & Mixed Use | |
| Scott Mosely | Co-Chief Executive Officer, Fund Management | |
| Richard Seddon | Co-Chief Executive Officer, Investments |
Mirvac Group Board Members (5)
| Name | Representing | Role | Since |
|---|---|---|---|
| 00000000 00000 | Mirvac Group | Chief Executive Officer & Board Member | 000 0000 |
| 00000 0000 | Self | Board Member | 000 0000 |
| 000000 000000 | Mirvac Group | Chairman & Board Member | 000 0000 |
| 00000 00000-000000 | Mirvac Group | Chief Executive Officer & Board Member | 000 0000 |
Mirvac Group Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
15.0K
Majestic Referring Domains
314
Mirvac Group Investors
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|
Mirvac Group Investments & Acquisitions (19)
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Serenitas Communities | 29-Feb-2024 | 0000000000 | 00000 | Construction and Engineering | 00000000 |
| The DOM | 20-Feb-2023 | 00 0000000 | Internet Retail | ||
| Verobotics | 01-Sep-2022 | 0000 00000 | 00000 | Other Hardware | |
| Allume Energy | 21-Jun-2021 | 00000 0000 | 00.000 | Energy Infrastructure | |
| Honey Insurance | 18-Feb-2021 | Early Stage VC | 000.00 | Property and Casualty Insurance |
Mirvac Group Subsidiaries (1)
| Company Name | Industry | Location | Founded |
|---|---|---|---|
| Mirvac Ventures | Corporate Venture Capital | Sydney, Australia | 0000 |
Mirvac Group ESG
Risk Overview
Risk Rating
Updated May, 31, 2024
10.28 | Low Risk
Risk Scale
A lower score indicates better sustainability
Negl
0-10
Low
10-20
Med
20-30
High
30-40
Severe
40+
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues
00.0
Management
Management is related to actions taken to manage ESG issues
00.00
Peers Analysis
Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.
Global
Covered Companies
00 of 16,009
Rank
Percentile
Real Estate
Industry
00 of 1,030
Rank
Percentile
Diversified Real Estate
Subindustry
0. of 102
Rank
Percentile
Mirvac Group Exits (2)
| Company Name | Exit Date | Exit Type | Exit Size | Status | Buyers |
|---|---|---|---|---|---|
| Etihad Stadium | 21-Jun-2006 | 0000000000 | 00000 | Completed |
|
| Mirvac (An Industrial Portfolio of 23 Warehouses in Chicago) | Buyout/LBO | Completed |
Mirvac Group FAQs
-
When was Mirvac Group founded?
Mirvac Group was founded in 1972.
-
Who is the CEO of Mirvac Group?
Campbell Hanan, Susan Lloyd-Hurwitz, Stuart Penklis, Scott Mosely, and Richard Seddon are the CEOs of Mirvac Group.
-
Where is Mirvac Group headquartered?
Mirvac Group is headquartered in Sydney, Australia.
-
What is the size of Mirvac Group?
Mirvac Group has 1,684 total employees.
-
What industry is Mirvac Group in?
Mirvac Group’s primary industry is Real Estate Services (B2C).
-
Is Mirvac Group a private or public company?
Mirvac Group is a Public company.
-
What is Mirvac Group’s stock symbol?
The ticker symbol for Mirvac Group is MGR.
-
What is the current stock price of Mirvac Group?
As of 16-Sep-2024 the stock price of Mirvac Group is $1.51.
-
What is the current market cap of Mirvac Group?
The current market capitalization of Mirvac Group is $5.78B.
-
What is Mirvac Group’s current revenue?
The trailing twelve month revenue for Mirvac Group is $1.93B.
-
Who are Mirvac Group’s competitors?
Stockland Corporation is a competitor of Mirvac Group.
-
What is Mirvac Group’s annual earnings per share (EPS)?
Mirvac Group’s EPS for 12 months was -$0.13.
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