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: 11.78
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

$0.38

02 Oct
2023

0.010

OPEN

$0.38

2.70%

HIGH

$0.39

1,674,167

LOW

$0.38

TARGET
$0.775 103.9% 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 . SDG . SFC . SGP . SIO . UOS .
FNARENA'S MARKET CONSENSUS FORECASTS
CMW: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx - 17.0 5.1 xxx
DPS (cps) xxx 5.5 3.3 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx - 15.4% - 40.0% xxx
PE Ratio xxx N/A 7.5 xxx
Dividend Yield xxx N/A 8.7% xxx
Div Pay Ratio(%) xxx N/A 65.3% xxx

Dividend yield today if purchased 3 years ago: 6.40%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 14.86

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: 29/12 - ex-div 1.38c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-17.0
DPS All xxxxxxxxxxxxxxx5.5
Sales/Revenue xxxxxxxxxxxxxxx349.5 M
Book Value Per Share xxxxxxxxxxxxxxx84.5
Net Operating Cash Flow xxxxxxxxxxxxxxx149.2 M
Net Profit Margin xxxxxxxxxxxxxxx-126.98 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-18.03 %
Return on Invested Capital xxxxxxxxxxxxxxx-10.34 %
Return on Assets xxxxxxxxxxxxxxx-9.58 %
Return on Equity xxxxxxxxxxxxxxx-18.03 %
Return on Total Capital xxxxxxxxxxxxxxx3.30 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-2.6 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx143 M
Long Term Debt xxxxxxxxxxxxxxx1,681 M
Total Debt xxxxxxxxxxxxxxx1,824 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx114 M
Price To Book Value xxxxxxxxxxxxxxx0.63

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx1.3 M
Capex % of Sales xxxxxxxxxxxxxxx0.37 %
Cost of Goods Sold xxxxxxxxxxxxxxx88 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx114 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx3,175 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

0.5

No. Of Recommendations

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

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Ord Minnett

04/09/2023

1

Buy

$0.85

123.68%

FY23 operating earnings for Cromwell Property of $158.6m fell short of Ord Minnett's $175m forecast due to lower performance and transaction fees, along with higher-than-expected costs for the Polish retail portfolio.

While expecting further asset price falls and factoring in a future equity raising, the broker maintains its 85c target and Buy rating. It's felt the market is being overly bearish on the Office sector and is not allowing for Cromwell's funds management business.

The analyst assumes FY24 operating earnings of $155m and a dividend of 3.3cpu, following the FY23 payout of 5.5cpu.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 3.30 cents and EPS of 5.00 cents.
Ord Minnett forecasts a full year FY25 dividend of 3.50 cents and EPS of 4.10 cents.
Access Stockbroker Research History >

CMW STOCK CHART

FNArena News on CMW

1
ESG Focus: The Little Big Things – 27-09-2023

Sep 27 2023 - ESG Focus
2
Rudi’s View: Outlook Negative, With Plenty Of Silver Linings

Sep 06 2023 - Rudi's View
3
FNArena Corporate Results Monitor – 04-09-2023

Sep 04 2023 - Australia
4
Rudi’s View: ARB, Corporate Travel, Goodman Group, NextDC, Orora, Worley & Xero

Jul 26 2023 - Rudi's View
5
June In Review: Strong Finish For Outsized FY23

Jul 05 2023 - Australia

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