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

01/05/2026

1

Buy

$9.30

(22/07/2026)

32.86%

Bell Potter assesses a solid 3Q trading update from Cedar Woods Properties, with FY26 guidance reaffirmed for strong profit growth, supported by ongoing pre-sales momentum.

The analysts believe FY27 earnings are largely de-risked with more than 80% of revenue pre-sold, though margins are expected to peak amid rising construction costs and interest rates.

Balance sheet strength and continued land acquisition are seen as positives in a more challenging market environment.

Bell Potter retains a Buy rating and lowers its target to $9.65 from $10.20.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 38.00 cents and EPS of 76.70 cents.
Bell Potter forecasts a full year FY27 dividend of 40.00 cents and EPS of 80.60 cents.

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04/05/2026

1

Buy

$9.80

40.00%

Moelis maintains a Buy rating for Cedar Woods Properties but lowers the target price to $9.80 from $10.22 following a third-quarter trading update.

The broker notes the company delivered its second-highest gross sales quarter on record with 442 lots, driving presales up 12% to $788m, which now underpins roughly 80% of management's FY27 revenue target.

Demand in core markets such as Western Australia and Queensland remained strong, and record-high enquiries of 9.6k suggest ongoing momentum.

However, management cited a recent softening in sales enquiry tied to lower consumer confidence, higher interest rates, and geopolitical uncertainty.

Consequently, the broker has slightly reduced its earnings per share estimates to account for more conservative assumptions regarding development costs and interest expenses.

FORECAST
Moelis forecasts a full year FY26 dividend of 37.50 cents and EPS of 76.20 cents.
Moelis forecasts a full year FY27 dividend of 41.20 cents and EPS of 83.00 cents.