CROMWELL PROPERTY GROUP (CMW)
Share Price Analysis and Chart

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CMW - CROMWELL PROPERTY GROUP

FNArena Sector : Infra & Property Developers
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 12.05
Index: ASX300 | ALL-ORDS

Cromwell Property Group is an Australian real estate investor and manager with operations in Australia, New Zealand and Europe. It has been listed in some form since 1973.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.395

20 Nov
2024

-0.005

OPEN

$0.41

-1.25%

HIGH

$0.42

2,577,138

LOW

$0.40

TARGET
$0.46 16.5% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
CWP . FRI . FWD . GMG . GOZ . GPT . HPI . LIC . LLC . MGR . PPC . SFC . SGP . SIO . UOS .
FNARENA'S MARKET CONSENSUS FORECASTS
CMW: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 20.7 3.8 xxx
DPS (cps) xxx 3.1 3.1 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx - 44.0% 0.6% xxx
PE Ratio xxx N/A 10.1 xxx
Dividend Yield xxx N/A 8.1% xxx
Div Pay Ratio(%) xxx N/A 81.6% xxx

Dividend yield today if purchased 3 years ago: 3.58%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 8.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 27/03 - ex-div 0.75c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-20.7
DPS All xxxxxxxxxxxxxxx3.1
Sales/Revenue xxxxxxxxxxxxxxx188.0 M
Book Value Per Share xxxxxxxxxxxxxxx60.7
Net Operating Cash Flow xxxxxxxxxxxxxxx113.0 M
Net Profit Margin xxxxxxxxxxxxxxx-154.15 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-15.24 %
Return on Invested Capital xxxxxxxxxxxxxxx-8.66 %
Return on Assets xxxxxxxxxxxxxxx-7.94 %
Return on Equity xxxxxxxxxxxxxxx-15.24 %
Return on Total Capital xxxxxxxxxxxxxxx3.09 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx11.3 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx176 M
Long Term Debt xxxxxxxxxxxxxxx1,212 M
Total Debt xxxxxxxxxxxxxxx1,389 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx292 M
Price To Book Value xxxxxxxxxxxxxxx0.64

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx4.9 M
Capex % of Sales xxxxxxxxxxxxxxx2.61 %
Cost of Goods Sold xxxxxxxxxxxxxxx37 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx43 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx2,272 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

30/08/2024

3

Hold

$0.46

16.46%

Cromwell Property had provided no FY24 guidance however the focus has been on asset sales and the balance sheet over FY24, Morgans notes, which has seen reduced debt/gearing levels.

The next material transaction is the sale of the European platform which is expected to complete in The Sep Q. As a result, pro-forma gearing will move to 29% from 39%.

No FY25 guidance was provided. Management noted that distributions will continue to be announced each quarter. Looking ahead, Cromwell Property aims to be a capital-light fund manager focused on traditional Australian property sectors across office, retail and industrial.

Hold and 46c target retained.

FORECAST
Morgans forecasts a full year FY25 dividend of 3.10 cents and EPS of 3.80 cents.
Morgans forecasts a full year FY26 dividend of 3.10 cents and EPS of 3.40 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

0

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY
Access Extra Coverage Research History >

CMW STOCK CHART

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Jun 03 2024 - Weekly Reports
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Mar 04 2024 - Weekly Reports

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