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STOCK COMPARISON

Icade vs Goodman: Fair Value & Quality

Both stocks run through our valuation models. Here is how Icade (ICAD) and Goodman (GMG) compare, as of Aug 10, 2026.

As of Aug 10, 2026, Fair Value Calculator sees Icade as the less overvalued of the two: Icade trades at €18.95 versus a fair value of €11.28 (-40%), while Goodman trades at A$29.95 versus A$7.37 (-75%).
Icade
ICAD.PA · EUR · Real Estate
-40%
upside to fair value
overvalued
Price€18.95
Fair Value€11.28
Quality42/100
Goodman
GMG.AU · AUD · Real Estate
-75%
upside to fair value
overvalued
PriceA$29.95
Fair ValueA$7.37
Quality61/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

IcadeGoodman
Valuation
P/E (TTM)35.5×
1.25×P/S (TTM)13.96×
0.43×P/B1.86×
14.3×EV/EBITDA24.5×
2.81×PEG2.72×
10.1%Dividend yield1.0%
€1.92Dividend per shareA$0.30
Profitability
-9%Net margin55%
20%Operating margin56%
-3%Return on equity8%
2%Return on assets4%
Growth
-0%Revenue growth (YoY)-16%
-2.6%Avg. growth/yr (3Y)2.4%
0.1%Avg. growth/yr (5Y)8.1%
Balance & size
0.84×Debt / equity0.20×
$2BMarket cap$43B
weakGrowth qualityhealthy

Goodman leads: 5 to 8 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Icadeof which business quality 40 · market factors 49 Goodmanof which business quality 61 · market factors 43
ProfitabilityMargins and returns on capital today
5
38
Quality GrowthAre margins and returns improving?
47
62
CashflowEarnings quality: real cash, not paper profit
30
76
Fin. StrengthBalance sheet, leverage, solvency risk
38
74
InvestmentDisciplined investing over empire-building
67
57
Low VolatilityCalm price path (market factor)
76
65
MomentumPrice trend over the last 3–12 months (market factor)
38
36
52W MomentumDistance to the 52-week high (market factor)
40
32
Net IssuanceBuybacks instead of dilution
81
55

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Icade

Dividend Discount€56.72
Multiples€26.06
Asset-Based€34.27

1 of 6 models see the stock below the current price.

Goodman

DCF ModelsA$7.40
Dividend DiscountA$4.92
MultiplesA$6.55
Asset-BasedA$7.64
Growth DCFA$8.19
Economic ProfitA$9.80

16 of 16 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Icade
Bear €11.28Fair Value €11.28Bull €25.77
€18.95 = current price (white tick)
Goodman
Bear A$4.54Fair Value A$7.37Bull A$10.49
A$29.95 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Icade · Real Estate

Quality score42 · bottom 25%
Fair value upside-40% · bottom 25%

Goodman · Real Estate

Quality score61 · Top 25%
Fair value upside-75% · bottom 25%

Bottom line

As of Aug 10, 2026, Fair Value Calculator sees Icade as the less overvalued of the two: Icade trades at €18.95 versus a fair value of €11.28 (-40%), while Goodman trades at A$29.95 versus A$7.37 (-75%).

Goodman has the higher quality score (61/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.