Mirvac Group Overview

  • Year Founded
  • 1972

Year Founded

  • Status
  • Public

  • Employees
  • 1,738

Employees

  • Stock Symbol
  • MGR

Stock Symbol

  • Investments
  • 19

  • Share Price
  • $1.37
  • (As of Tuesday 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 fifth of EBIT in fiscal 2023, despite requiring only about 15% 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.com
Ownership Status
Publicly Held
Financing Status
Corporate Backed or Acquired
Primary Industry
Real Estate Services (B2C)
Stock Exchange
ASX
Corporate Office
  • Level 28
  • 200 George Street
  • Sydney, New South Wales 2000
  • Australia
+61 (02) 0000 0000

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Mirvac Group Stock Performance

(As of Tuesday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$1.37 $1.43 $1.15 - $1.63 $5.41B 3.95B 12.7M -$0.10

Mirvac Group Financials Summary

In Thousands,
USD
TTM 31-Dec-2023 FY 2023 30-Jun-2023 FY 2022 30-Jun-2022 FY 2021 30-Jun-2021
EV 8,553,393 8,825,396 7,968,673 11,594,973
Revenue 1,513,884 1,212,117 1,629,045 1,325,560
EBITDA (408,171) (121,010) 747,853 725,405
Net Income (385,606) (110,926) 656,546 671,726
Total Assets 11,237,379 11,174,730 11,835,480 11,956,032
Total Debt 3,223,235 3,005,170 2,951,819 2,997,836
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Mirvac Group Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Mirvac Group Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Mirvac is one of Australia's largest residential developers, particularly apartments. Residential development earnings a
Real Estate Services (B2C)
Sydney, Australia
1,738 As of 2023
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Sydney, Australia
0000 As of 0000
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0000 000000 00000000
Madison, NJ
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Mirvac Group Competitors (3)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Stockland Corporation Corporation Sydney, Australia 0000 00000000
Anywhere Real Estate Formerly PE-Backed Madison, NJ 0000 000.00 000000000 00 000.00
AVJennings Corporation Hawthorn, Australia 000 00000000
You’re viewing 3 of 3 competitors. Get the full list »

Mirvac Group Executive Team (14)

Name Title Board Seat Contact Info
Campbell Hanan Group Chief Executive Officer, Managing Director and Board of Directors
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
You’re viewing 5 of 14 executive team members. Get the full list »

Mirvac Group Board Members (4)

Name Representing Role Since
0000 0000000 Self Chairman & Board Member 000 0000
00000 0000 Self Board Member 000 0000
000 000000 Mirvac Group Chairman 000 0000
00000 00000-000000 Mirvac Group Chief Executive Officer & Board Member 000 0000
To view Mirvac Group’s complete board members history, request access »

Mirvac Group Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Mirvac Group Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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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
You’re viewing 5 of 19 investments and acquisitions. Get the full list »

Mirvac Group Subsidiaries (1)

Company Name Industry Location Founded
Mirvac Ventures Corporate Venture Capital Sydney, Australia 0000
To view Mirvac Group’s complete subsidiaries history, request access »

Mirvac Group ESG

Risk Overview

Risk Rating

Updated December, 11, 2023

8.09 | Negl 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

00.00

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 16,173

Rank

0.0

Percentile

Real Estate

Industry

00 of 1,062

Rank

0.0

Percentile

REITs

Subindustry

00 of 438

Rank

0.00

Percentile

To view Mirvac Group’s complete esg history, request access »

Mirvac Group Exits (2)

Company Name Exit Date Exit Type Exit Size Status Buyers
Etihad Stadium 21-Jun-2006 0000000000 00000 Completed
  • 3 buyers
Mirvac (An Industrial Portfolio of 23 Warehouses in Chicago) Buyout/LBO Completed
To view Mirvac Group’s complete exits history, request access »

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 1,738 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-Apr-2024 the stock price of Mirvac Group is $1.37.

  • What is the current market cap of Mirvac Group?

    The current market capitalization of Mirvac Group is $5.41B.

  • What is Mirvac Group’s current revenue?

    The trailing twelve month revenue for Mirvac Group is $1.51B.

  • Who are Mirvac Group’s competitors?

    Stockland Corporation, Anywhere Real Estate, and AVJennings are competitors of Mirvac Group.

  • What is Mirvac Group’s annual earnings per share (EPS)?

    Mirvac Group’s EPS for 12 months was -$0.10.

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