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Garda Property Group (GDF) Fair Value & Analysis

Real Estate · AU · Market cap A$206M

GP Garda Property Group GDF · AU
PriceA$1.10
Fair ValueA$0.2400
Upside-78.1%
Quality55/100
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Weak Growth
Highly profitable · 31.4% net margin
Moderate debt · negative free cash flow
7.02% dividend yield
Mixed vs. peers (7/13)
Moderate moat 59/100
Evidence: Medium Range A$0.2400 – A$0.2400 Share as image

Fair value as of: Jul 11, 2026

From 5 valuation models · updated 30 days ago

Share price +6.8% over the past month.

A solid business, but screening 78% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (A$0.2400). The favourable scenario is already priced in.
  • Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

A$1.34 A$0.8053 Fair Value A$0.2400 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range A$0.8053 – A$1.34 · the A$1.10 price screens above the A$0.2400 fair value. Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Garda Property Group (GDF) currently trades at A$1.10, while our model-based Fair Value estimate is A$0.2400, implying the stock looks roughly 78.1% overvalued today. The Quality Score stands at 55/100 (solid quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Garda Property Group generated revenue of A$34.6M at a net margin of 31.4%. Revenue grew 16.1% year over year. It earns a return on equity of 3.4%. Net debt stands at A$246M. Fundamentals as of Jul 11, 2026

The share trades about 11% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -2% fair-value upside, at -78%, GDF screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Gordon GGM A$0.4900 A$0.5200 A$0.5700 70
DDM Multi-Stage A$0.4900 A$0.5700 A$0.6700 61
EV/EBITDA A$0.2000 54
All 5 models by family
Dividend Discount
Gordon GGM A$0.4900 A$0.5200 A$0.5700 70
DDM Multi-Stage A$0.4900 A$0.5700 A$0.6700 61
Multiples
EV/EBIT A$0.2400 A$0.6000 53
EV/EBITDA A$0.2000 54
Asset-Based
NCAV (Graham) A$0.8000 A$1.08 A$1.61 50

Widest divergence: Asset-Based (A$1.08) versus Multiples (A$0.2400). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) A$34.6M
Revenue growth (YoY) +16.1%
Net margin 31.4%
Return on equity 3.4%
Free cash flow −A$5.7M FY2025
P/E ratio 20.5
More key figures
Operating margin 61.8%
EPS (TTM) A$0.0500
Dividend yield 7.0%
EPS growth (YoY) +201%
Net debt A$246M FY2025

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 48 · Market factors (momentum, volatility) 53

Profitability 6
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 32
Earnings quality: real cash, not paper profit
Fin. Strength 40
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 93
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 38
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Garda Property Group (Garda) is an industrial real estate investor, developer and active manager with investments predominately in Brisbane. As at 30 June 2024, Garda had 509 US dollars million of investments between industrial properties (83%) and commercial office properties (17%).

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Garda Property Group reported revenue of A$25.2M in FY2025 versus A$30.7M in FY2021, a compound −4.8%/yr. Reported net income was −A$6.1M in FY2025.

Growth Quality 19/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
A$25.2M
Latest YoY
−18.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−9.3%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−3.3%
Avg. growth/yr (14Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.0%
Revenue −4.8%/yr
FY21 A$30.7M
FY22 A$33.8M
FY23 A$31.6M
FY24 A$30.9M
FY25 A$25.2M
Net income
FY21 A$35.7M
FY22 A$141M
FY23 −A$4.9M
FY24 −A$42.9M
FY25 −A$6.1M

GDF screens 78% overvalued. Compare with Vingroup Joint Stock Company →

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Cite: Fair Value Calculator (2026). "Garda Property Group Fair Value". https://www.fairvalue-calculator.com/stock/GDF

Peer Group

Real Estate Services · 520 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 56 · Above median
Fair Value upside −78% · Bottom 25%
Return on equity (TTM) 3% · Below median
Return on assets 3% · Above median
Net margin (TTM) 31% · Above median
Operating margin (TTM) 62% · Top 25%
Revenue growth 16% · Top 25%
Dividend yield (TTM) 7.0% · Top 25%
Debt / equity 0.84× · Higher than median

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 20.5× · Pricier than median
P/B 0.45× · Cheaper than median
P/S (TTM) 4.20× · Pricier than median
EV/EBITDA 18.1× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 37
FUTURE 81 · sector 10
PAST 13 · sector 16
HEALTH 58 · sector 85
DIVIDEND 100 · sector 49

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
Vingroup Joint Stock Company VIC 223,000 VND 25,731 VND -88%
KE Holdings 2423 HK$44.76 HK$18.03 -60%
Swire Properties Limited 1972 HK$23.90 HK$18.75 -22%
Plaza S.A MALLPLAZA 3,725 CLP 5,571 CLP +50%
SAGAA SAGAA kr 170.00 kr 75.55 -56%
Cencosud Shopping S.A CENCOMALLS 2,324 CLP 2,976 CLP +28%
PT Sarana Menara Nusantara Tbk. owns and TOWR 372.00 IDR 1,208 IDR +225%
PT Metropolitan Kentjana Tbk MKPI 20,975 IDR 19,160 IDR -9%
PT Bangun Kosambi Sukses Tbk, CBDK 3,530 IDR 3,464 IDR -2%
IRSA Inversiones y Representaciones Sociedad Anónima, IRSA 2,495 ARS 3,998 ARS +60%

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Frequently asked questions

Is Garda Property Group (GDF) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of A$0.2400 versus a price of A$1.10, about −78% (overvalued).
What is the fair value of GDF?
Our model-based fair value for Garda Property Group is A$0.2400 (as of Jul 11, 2026), built from audited fundamentals. The current price is A$1.10.
What is the quality score of GDF?
Garda Property Group has a Quality Score of 55/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Garda Property Group (GDF)?
Garda Property Group reported trailing-twelve-month revenue of about A$34.6M (latest available figure, as of Jul 11, 2026).
What is the net profit margin of GDF?
The net profit margin of Garda Property Group is about 31.4%, meaning it keeps roughly 31.4% of revenue as net income. Based on the latest reported figures.
Does Garda Property Group pay a dividend?
Garda Property Group currently shows a dividend yield of about 7.02% relative to its recent price (as of Jul 11, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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