2346 GMT - Goodman's prospects are grounded in its traditional warehouse business and emerging opportunity in data centers, but what is each business worth? Morgan Stanley attempts to answer that question, estimating the core industrials business would be valued by investors at around A$20-A$25/share while noting that its EPS is growing at a compound annual rate of some 9%. At the same time, the market appears to be factoring in A$3-A$6/share for Goodman's data center business, analyst Simon Chan says. "At an estimated A$0.25-A$0.30/share FY 2026 EPS for this powerbank, it implies a mid-teens price-to-earnings multiple," MS says. It rates Goodman at overweight and trims its price target by 8.1% to A$37.50. Goodman is up 1.5% at A$29.63.(david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
April 01, 2025 19:46 ET (23:46 GMT)
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