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: 5.24
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

$4.53

18 Apr
2024

0.010

OPEN

$4.52

0.22%

HIGH

$4.54

16,862

LOW

$4.49

TARGET
$5.60 23.6% 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 FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 45.4 xxx
DPS (cps) xxx N/A 18.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 9.9 xxx
Dividend Yield xxx N/A 4.0% xxx
Div Pay Ratio(%) xxx N/A 39.6% xxx

Dividend yield today if purchased 3 years ago: 2.80%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

4.44

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: 25/03 - ex-div 8c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx38.5
DPS All xxxxxxxxxxxxxxx20.0
Sales/Revenue xxxxxxxxxxxxxxx392.5 M
Book Value Per Share xxxxxxxxxxxxxxx524.4
Net Operating Cash Flow xxxxxxxxxxxxxxx23.7 M
Net Profit Margin xxxxxxxxxxxxxxx8.06 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx7.42 %
Return on Invested Capital xxxxxxxxxxxxxxx5.02 %
Return on Assets xxxxxxxxxxxxxxx4.05 %
Return on Equity xxxxxxxxxxxxxxx7.42 %
Return on Total Capital xxxxxxxxxxxxxxx6.97 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-0.7 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 xxxxxxxxxxxxxxx69 M
Long Term Debt xxxxxxxxxxxxxxx210 M
Total Debt xxxxxxxxxxxxxxx278 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx7 M
Price To Book Value xxxxxxxxxxxxxxx0.96

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx1.8 M
Capex % of Sales xxxxxxxxxxxxxxx0.45 %
Cost of Goods Sold xxxxxxxxxxxxxxx294 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx48 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx2 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

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

Morgans

26/02/2024

1

Upgrade to Add from Hold

$5.60

23.62%

While 1H profit for Cedar Woods Properties missed the consensus forecast, Morgans explains this was largely a result of timing, and management issued FY24 NPAT guidance in line with the consensus estimate.

Management noted enquiries and sales levels are at two-year highs, with Western Australia (where the company is headquartered) leading the way.

Due to the company's exposure to lower priced stock in higher growth markets, the broker sees further potential to drive earnings, and upgrades its rating to Add from Hold. It's felt shares could trade at a premium if the housing cycle gains steam through FY25/26.

The target rises to $5.60 from $4.50.

FORECAST
Morgans forecasts a full year FY24 dividend of 18.00 cents and EPS of 45.40 cents.
Morgans forecasts a full year FY25 dividend of 20.00 cents and EPS of 47.50 cents.

CWP STOCK CHART