Want to see AU:CHC full AI Analyst Report?
Top Page
Charter Hall Group
(Sydney:CHC)
Select Model
Select Model
Rating:54Neutral
Price Target:
AU$21.00
â–²(1.89% Upside)
Action:Downgraded
Date:08/22/26
The score is held back primarily by deteriorating cash flow (negative operating and free cash flow in 2026) and higher balance-sheet leverage, alongside weak technical momentum with the price trading below key moving averages. These are partially offset by constructive FY27 guidance and positive earnings-call sentiment around earnings/FUM growth, plus a reasonable (not cheap) valuation and modest dividend yield.
Positive Factors
Funds Management Growth
Strong FUM expansion supports growth in recurring management fees and demonstrates continued investor demand for Charter Hall’s property strategies. Management’s expectation that FUM will exceed $100B further supports the durability of the funds management platform.
Negative Factors
Negative Cash Generation
The reversal from consistently positive operating and free cash flow weakens earnings quality and reduces internal funding flexibility. If sustained, negative cash generation could constrain distributions, investment capacity and the ability to absorb property-market volatility.
Read all positive and negative factors
Positive Factors
Negative Factors
Funds Management Growth
Strong FUM expansion supports growth in recurring management fees and demonstrates continued investor demand for Charter Hall’s property strategies. Management’s expectation that FUM will exceed $100B further supports the durability of the funds management platform.
Read all positive factors
Charter Hall Group (CHC) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$9.71B
Dividend Yield2.46%
Average Volume (3M)1.01M
Price to Earnings (P/E)27.3
Beta (1Y)0.93
Revenue Growth-19.06%
EPS Growth6.95%
CountryAU
Employees447
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)0.75
Shares Outstanding472,997,200
10 Day Avg. Volume990,000
30 Day Avg. Volume1,006,651
Financial Highlights & Ratios
PEG Ratio-1.72
Price to Book (P/B)18.58
Price to Sales (P/S)19.42
P/FCF Ratio-478.44
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$25.16Price Target Upside22.08% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)1.16
Revenue Forecast (FY)AU$966.52M
Charter Hall Group Business Overview & Revenue Model
Company Description
Charter Hall Group stands as a premier integrated property entity in Australia, leveraging over three decades of profound expertise in both property investment and funds management. Our deep understanding of the property market enables us to sourc...
How the Company Makes Money
Charter Hall primarily makes money through a funds management model tied to real estate investment vehicles it manages, alongside income and returns from property and development activities. Key revenue streams include: (1) Funds management fees: ...
Charter Hall Group Earnings Call Summary
Earnings Call Date:Aug 20, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Feb 25, 2027
Earnings Call Sentiment Positive
The call presents a broadly positive picture: strong operating earnings (+26.8%), robust FUM and Property FUM growth (+12% and ~14%), record equity inflows ($6.7B) and high transaction activity ($17.1B). Management provided confident FY'27 guidance (OEPS ~$1.14, +10.5%) and outlined multiple sector strengths (office outperformance, industrial fundamentals, convenience retail scale, large development pipeline) alongside sustainability and financing progress. Notable challenges include higher operating/employee costs driven by one-off STI outperformance, modestly higher net finance costs and elevated gearing from warehousing transactions, exclusion of performance fees from guidance (creating upside uncertainty), and some short-term inflow timing volatility. On balance, the highlights substantially outweigh the lowlights, with management conveying confidence in ongoing FUM growth, earnings momentum and capital deployment capability.Positive Updates
Strong Operating Earnings Growth
Operating earnings (post-tax) rose 26.8% to $488.1 million, or $103.20 per security. Statutory NPAT increased ~30% to $427.9 million.
Negative Updates
Rising Operating and Employee Costs
Operating expenses increased 6%; employee costs on statutory income statement rose by ~ $50M (from $185M to $235M). FY'26 included a one-off STI outperformance component (187% average STI award) that contributed ~ $30M of extra cost, with partial (~$15M) expected easing in FY'27.
Read all updates
Q4-2026 Updates
Positive
Negative
Strong Operating Earnings Growth
Operating earnings (post-tax) rose 26.8% to $488.1 million, or $103.20 per security. Statutory NPAT increased ~30% to $427.9 million.
Read all positive updates
Company Guidance
Charter Hall guided FY27 post‑tax operating earnings of approximately $1.14 per security (c.10.5% growth on FY26), noting this delivers ~40% growth over the three years from FY24; distribution guidance is $0.537 per security (6% DPS growth, the 16th consecutive year at that rate) and the FY27 guidance explicitly excludes any performance‑fee revenue and assumes no material change in market conditions. Management reiterated an expectation that Group FUM (FY26: $94.3bn, +$10bn / +12%; Property FUM FY26: $76.0bn, +13.8%) will exceed $100bn in FY27, highlighted FY26 operating earnings of $488.1m (reported as $103.2 per security) and FY26 metrics including NTA ~$5.95, return on contributed equity 26.4% post‑tax, gearing ~14.2%, headstock investment capacity ~A$1.0bn and total group investment capacity ~A$6.4bn.Charter Hall Group Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
54
Neutral
Cash Flow
34
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 556.70M | 687.80M | 597.80M | 870.20M | 1.10B |
| Gross Profit | 547.80M | 677.40M | 402.70M | 668.50M | 790.50M |
| EBITDA | 524.30M | 455.70M | -82.40M | 450.10M | 580.90M |
| Net Income | 241.50M | 327.70M | -222.10M | 196.10M | 927.00M |
Balance Sheet | |||||
| Total Assets | 3.96B | 3.54B | 3.64B | 4.10B | 4.22B |
| Cash, Cash Equivalents and Short-Term Investments | 206.30M | 286.70M | 382.70M | 401.40M | 594.70M |
| Total Debt | 717.90M | 496.00M | 474.50M | 474.20M | 480.30M |
| Total Liabilities | 1.06B | 833.60M | 823.10M | 848.00M | 932.80M |
| Stockholders Equity | 582.00M | 2.71B | 2.82B | 3.26B | 3.25B |
Cash Flow | |||||
| Free Cash Flow | -22.60M | 354.80M | 425.50M | 336.60M | 592.70M |
| Operating Cash Flow | -19.90M | 356.00M | 428.00M | 338.90M | 603.80M |
| Investing Cash Flow | -6.50M | -216.70M | -256.00M | -321.10M | -358.50M |
| Financing Cash Flow | -54.00M | -235.30M | -190.70M | -211.10M | -2.50M |
Charter Hall Group Technical Analysis
Negative
20.61
Price Trends
22.66
Negative
21.40
Negative
21.88
Negative
Market Momentum
-0.56
Positive
32.84
Neutral
13.02
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CHC, the sentiment is Negative. The current price of 20.61 is below the 20-day moving average (MA) of 22.71, below the 50-day MA of 22.66, and below the 200-day MA of 21.88, indicating a bearish trend. The MACD of -0.56 indicates Positive momentum. The RSI at 32.84 is Neutral, neither overbought nor oversold. The STOCH value of 13.02 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CHC.
Charter Hall Group Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | AU$11.34B | 11.02 | 9.44% | 6.12% | 14.63% | 18.93% | |
74 Outperform | AU$8.98B | 8.56 | 9.83% | 4.90% | -7.59% | 178.60% | |
69 Neutral | AU$56.85B | 20.64 | 11.41% | 1.05% | 17.33% | 59.19% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | AU$6.31B | 13.11 | 4.83% | 6.46% | -28.16% | 250.74% | |
58 Neutral | AU$808.76M | -10.50 | -4.99% | 9.19% | -5.19% | -377.08% | |
54 Neutral | AU$9.71B | 27.29 | 20.47% | 2.28% | -19.06% | 6.95% |
* Real Estate Sector Average
AU:CHC
Charter Hall Group
20.61
-2.43
-10.54%
AU:DXS
Dexus
5.82
-1.29
-18.13%
AU:GMG
Goodman Group
28.22
-6.18
-17.97%
AU:GPT
GPT Group
4.70
-0.68
-12.59%
AU:SGP
Stockland
4.59
-1.36
-22.87%
AU:ABG
Abacus Property Group
0.91
-0.22
-19.77%
Charter Hall Group Corporate Events
Charter Hall Details 2026 Corporate Governance Framework
Aug 20, 2026
Charter Hall Group has released its 2026 Corporate Governance Statement outlining the governance framework that guides the effective management of the business and its compliance with statutory obligations. The framework is designed to reinforce t...
Charter Hall Flags Key Assets in 2026 Full‑Year Results Agenda
Aug 20, 2026
Charter Hall Group is a listed Australian property investment and funds management company active in commercial real estate. It manages diversified portfolios spanning logistics facilities, retail centres and office buildings for institutional and...
Charter Hall Delivers Record FY26 Earnings and Expands Property Platform
Aug 20, 2026
Charter Hall Group reported a strong FY26 performance, with operating earnings rising to $488.1 million and operating earnings per security up 26.8%, while funds under management expanded to $94.3 billion, including $76.0 billion in property. The ...
Charter Hall lifts earnings, distributions and reshapes property trust structure
Aug 20, 2026
Charter Hall Group reported a solid financial performance for the year ended 30 June 2026, with revenue edging up 2.2% to $556.7 million and profit after tax attributable to securityholders climbing 30.6% to $427.9 million. Operating earnings, the...
Charter Hall CIO Departs as Group Moves to Interim Investment Leadership
Aug 3, 2026
Charter Hall Group has announced the departure of Chief Investment Officer Sean McMahon after a decade with the business, with his responsibilities to be temporarily overseen by Managing Director and Group CEO David Harrison and other executive co...
Charter Hall lifts full-year distribution as DRP stays suspended
Jun 22, 2026
Charter Hall Funds Management Limited, as responsible entity for Charter Hall Property Trust and Charter Hall Limited, declared a half-year distribution of 25.84 cents per security for the period ending 30 June 2026, taking the full-year payout to...
Charter Hall Sets Semi-Annual Distribution of AUD 0.2584 Per Stapled Security
Jun 22, 2026
Charter Hall Group has declared a six-month distribution of AUD 0.2584 per stapled security for the period ending 30 June 2026, reinforcing its income-focused proposition to investors in its listed property platform. The distribution will trade ex...
Charter Hall lifts FY26 earnings guidance as institutional inflows drive funds growth
May 24, 2026
Charter Hall Group has upgraded its FY26 operating earnings per security guidance by 3.0% to 103.0 cents, implying a 26.5% rise on FY25, as momentum builds across its property funds management platform. Funds under management have increased to $74...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.