CEDAR WOODS PROPERTIES LIMITED (CWP)
Share Price Analysis and Chart

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CWP - CEDAR WOODS PROPERTIES LIMITED

FNArena Sector : Infra & Property Developers
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 3.93
Index: ALL-ORDS

Cedar Wood Properties is an Australian developer of residential communities and commercial developments. Established in 1987, the company listed on the ASX in 1994.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$5.47

20 Dec
2024

0.030

OPEN

$5.48

0.55%

HIGH

$5.49

54,065

LOW

$5.38

TARGET
$6.967 27.4% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
CMW . FRI . FWD . GMG . GOZ . GPT . HPI . LIC . LLC . MGR . PPC . SFC . SGP . SIO . UOS .
FNARENA'S MARKET CONSENSUS FORECASTS
CWP: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 49.2 54.1 xxx
DPS (cps) xxx 25.0 27.0 xxx
EPS Growth xxx 27.7% 10.1% xxx
DPS Growth xxx 25.0% 8.0% xxx
PE Ratio xxx N/A 10.1 xxx
Dividend Yield xxx N/A 4.9% xxx
Div Pay Ratio(%) xxx 50.9% 49.9% xxx

Dividend yield today if purchased 3 years ago: 4.65%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.57

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: 25/09 - ex-div 17c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx49.2
DPS All xxxxxxxxxxxxxxx25.0
Sales/Revenue xxxxxxxxxxxxxxx387.8 M
Book Value Per Share xxxxxxxxxxxxxxx559.1
Net Operating Cash Flow xxxxxxxxxxxxxxx31.2 M
Net Profit Margin xxxxxxxxxxxxxxx10.44 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx9.08 %
Return on Invested Capital xxxxxxxxxxxxxxx6.50 %
Return on Assets xxxxxxxxxxxxxxx5.30 %
Return on Equity xxxxxxxxxxxxxxx9.08 %
Return on Total Capital xxxxxxxxxxxxxxx7.07 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx17.1 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 xxxxxxxxxxxxxxx55 M
Long Term Debt xxxxxxxxxxxxxxx144 M
Total Debt xxxxxxxxxxxxxxx199 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx22 M
Price To Book Value xxxxxxxxxxxxxxx0.85

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx1.7 M
Capex % of Sales xxxxxxxxxxxxxxx0.44 %
Cost of Goods Sold xxxxxxxxxxxxxxx291 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx49 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx1 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

1.0

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Bell Potter

01/11/2024

1

Buy

$7.20

31.63%

Bell Potter notes Cedar Woods Properties updated guidance for FY25 of 10% net profit after tax growth versus consensus at 8% and the analyst's estimate at 11%.

The 1Q25 trading update shows the company booked around one 25% of FY25 settlements with revenues and net profit slightly above the guided ranges.

Gross sales in WA are the largest contributor to the company and slowed with QLD and SA underpinning the sales growth. The broker points to a strong balance sheet with $150m in liquidity.

No change to Buy rating. Target price lifts to $7.20 from $7.15.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 26.00 cents and EPS of 54.70 cents.
Bell Potter forecasts a full year FY26 dividend of 30.00 cents and EPS of 63.10 cents.

Shaw and Partners

xx/xx/xxxx

1

xxx, xxxx xxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

Moelis

26/08/2024

1

Buy

$6.03

10.24%

Cedar Woods Properties FY24 results came in better than Moelis' expectations and FY24 guidance, because of robust settlement rates.

Sales rose around 73% in FY24, with management guiding to 10% net profit growth in FY25, including the remaining settlement of land at William's Landing and sale of the shopping centre at Eglington.

Price growth in WA was strong, continuing to move higher in FY25. Victoria remains subdued, QLD and SA are also experiencing price growth.

Moelis increases EPS forecasts by 1.9% for FY25 and 7.1% for FY26.

Revised target price of $6.03 from $5.42. Buy rated.

FORECAST
Moelis forecasts a full year FY25 dividend of 30.00 cents and EPS of 55.00 cents.
Moelis forecasts a full year FY26 dividend of 32.00 cents and EPS of 59.30 cents.
Access Extra Coverage Research History >

CWP STOCK CHART

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