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Goodman Group vs Pilbara Minerals: Two ASX Stocks in Focus
Goodman Group's FY24 debt/equity ratio came in at 21.2% and ROE at 0.1%, while Pilbara Minerals posted 92.5% annual revenue growth over three years. The two stocks highlight the divide between mature property and growth lithium on the ASX.
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Goodman Group, the ASX-listed property group, carries a debt/equity ratio of 21.2%, according to FY24 filings. The company delivered an average dividend yield of 1.3% over the past five years. Its return on equity came in at 0.1% for the year.
That last number matters. A mature business typically produces an ROE above 10%. The 0.1% figure sits well below that threshold, reflecting the capital-intensive nature of property ownership and development.
Pilbara Minerals told a different story. The lithium miner reported revenue growth of 92.5% per year over the past three years, hitting $1.254 billion in FY24. Net profit swung from a $51 million loss to $257 million. ROE stood at 7.7%.