CEDAR WOODS PROPERTIES LIMITED (CWP)
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CWP

CWP - CEDAR WOODS PROPERTIES LIMITED

FNArena Sector : Infra & Property Developers
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 2.67
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

$7.49

29 Aug
2025

-0.070

OPEN

$7.56

-0.93%

HIGH

$7.56

192,401

LOW

$7.46

TARGET
$8.50 13.5% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
CMW . FRI . FWD . GLF . GMG . GOZ . GPT . LIC . LLC . MGR . PPC . SFC . SGP . SIO . UOS .
FNARENA'S MARKET CONSENSUS FORECASTS
CWP: 1
Title FY24
Actual
FY25
Actual
FY26
Forecast
FY27
Forecast
EPS (cps) xxx 58.4 65.7 xxx
DPS (cps) xxx 29.0 34.0 xxx
EPS Growth xxx 18.7% 12.5% xxx
DPS Growth xxx 16.0% 17.2% xxx
PE Ratio xxx N/A 11.4 xxx
Dividend Yield xxx N/A 4.5% xxx
Div Pay Ratio(%) xxx 49.7% 51.8% xxx

Dividend yield today if purchased 3 years ago: 6.37%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

3.87

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 © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx58.4
DPS All xxxxxxxxxxxxxxx29.0
Sales/Revenue xxxxxxxxxxxxxxx468.6 M
Book Value Per Share xxxxxxxxxxxxxxx592.9
Net Operating Cash Flow xxxxxxxxxxxxxxx34.6 M
Net Profit Margin xxxxxxxxxxxxxxx10.27 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx10.13 %
Return on Invested Capital xxxxxxxxxxxxxxx7.83 %
Return on Assets xxxxxxxxxxxxxxx6.01 %
Return on Equity xxxxxxxxxxxxxxx10.13 %
Return on Total Capital xxxxxxxxxxxxxxx12.28 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx11.6 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx97 M
Long Term Debt xxxxxxxxxxxxxxx135 M
Total Debt xxxxxxxxxxxxxxx232 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx9 M
Price To Book Value xxxxxxxxxxxxxxx1.20

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx0.7 M
Capex % of Sales xxxxxxxxxxxxxxx0.15 %
Cost of Goods Sold xxxxxxxxxxxxxxx334 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx50 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx7 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

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Shaw and Partners

xx/xx/xxxx

1

xxx, xxxx xxxx

$xx.xx

xx.xx%

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Bell Potter

27/08/2025

1

Buy

$8.75

16.82%

Cedar Woods Properties' FY25 EPS of 58.4c beat Bell Potter's forecast and the consensus, and dividend was also ahead of expectations. Gross margin improved to 28% from 26% in 1H, and expected to be intact in FY26.

Guidance for over 10% net profit growth in FY26 beat the broker's and the consensus forecasts, The broker highlights conditions were stronger than expected in WA, Queensland and SA supported by housing undersupply, government stimulus and falling interest rates.

The company has $660m pre-sales at the end of FY25, of which 60% is expected to underpin FY26 revenue, and the broker sees earnings flexibility from diversified project contributions.

The broker reckons the FY26 guidance is conservative and is forecasting 12% net profit growth. FY26 net profit forecast lifted by 2% and FY27 by 3.5%.

Buy. Target rises to $8.75 from $8.00.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 33.00 cents and EPS of 65.30 cents.
Bell Potter forecasts a full year FY27 dividend of 36.00 cents and EPS of 71.90 cents.

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

23/06/2025

1

Buy

$7.63

1.87%

Cedar Woods Properties announced two new acquisitions, with the first being 64.6Ha of land in Mt Barker, Adelaide and the second a site in Fairfield, Melbourne.

The first acquisition is expected to be settled in February 2026 and Moelis reckons it would provide time for JV partner Tokyo Gas Real Estate to participate if they wish. The second acquisition is expected to be settled in two instalments in mid-2027 and mid-2028.

The broker highlights the company has ample balance sheet capacity to fund the acquisitions. No changes to estimates as the settlement structure isn't known.

Target price rises to $7.63 on a more positive view on the residential sector. Buy retained.

FORECAST
Moelis forecasts a full year FY26 dividend of 32.00 cents and EPS of 63.50 cents.

CWP STOCK CHART