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
Index: ASX200 | 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

$0.83

24 Sep
2021

-0.010

OPEN

$0.84

-1.19%

HIGH

$0.85

3,426,618

LOW

$0.83

TARGET
$1.05 26.5% upside
Franking for last dividend paid out: 0%
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FNARENA'S MARKET CONSENSUS FORECASTS
CMW: 1
Title FY20
Actual
FY21
Actual
FY22
Forecast
FY23
Forecast
EPS (cps) xxx 11.8 7.4 xxx
DPS (cps) xxx 7.0 6.5 xxx
EPS Growth xxx 69.3% - 37.2% xxx
DPS Growth xxx - 6.7% - 7.1% xxx
PE Ratio xxx N/A 11.2 xxx
Dividend Yield xxx N/A 7.8% xxx
Div Pay Ratio(%) xxx 59.4% 87.8% xxx

Dividend yield today if purchased 3 years ago: 6.36%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

8.43

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: 29/06 - 71.63c (0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201620172018201920202021
EPS Basic xxxxxxxxxxxxxxx11.8
DPS All xxxxxxxxxxxxxxx7.0
Sales/Revenue xxxxxxxxxxxxxxx362.5 M
Book Value Per Share xxxxxxxxxxxxxxx101.8
Net Operating Cash Flow xxxxxxxxxxxxxxx192.9 M
Net Profit Margin xxxxxxxxxxxxxxx85.02 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201620172018201920202021
Return on Assets xxxxxxxxxxxxxxx6.16 %
Return on Equity xxxxxxxxxxxxxxx11.73 %
Return on Total Capital xxxxxxxxxxxxxxx3.36 %
Capex xxxxxxxxxxxxxxx2.2 M
Capex % of Sales xxxxxxxxxxxxxxx0.61 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx0.6 M

Return on Assets

Return on Equity

Return on Total Capital

Capex

Capex % of Sales

Free Cash Flow ex dividends

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EXPERT VIEWS
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Sentiment Indicator

0.0

No. Of Recommendations

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

Morgans

01/09/2021

3

Hold

$1.05

26.51%

Cromwell Property Group's FY21 result, including operating profit of $192.2m, held few major surprises with the key near-term focus on the pending strategic review and pathway to reduce gearing.

Morgans expects a focus on reducing gearing to form part of the review and notes the group's major holder ARA is under takeover by ESR with their combined platform making it Asia’s largest property manager and third-largest listed property manager globally.

No specific FY22 funds from operations guidance was provided, but the group expects to continue paying a quarterly distribution of 1.625c "until further notice".

NTA stands at $1.02. Morgans maintains its Hold rating and the price target is lowered to $1.05 from $1.14.

FORECAST
Morgans forecasts a full year FY22 dividend of 6.50 cents and EPS of 7.40 cents.
Morgans forecasts a full year FY23 dividend of 6.50 cents and EPS of 7.50 cents.

CMW STOCK CHART