Cromwell Property Group Future Growth

Future criteria checks 4/6

Cromwell Property Group is forecast to grow earnings and revenue by 45.9% and 7.4% per annum respectively. EPS is expected to grow by 47.2% per annum. Return on equity is forecast to be 4.9% in 3 years.

Key information

45.9%

Earnings growth rate

47.2%

EPS growth rate

Office REITs earnings growth	50.9%
Revenue growth rate	7.4%
Future return on equity	4.9%
Analyst coverage	Low
Last updated	12 Dec 2024

Recent future growth updates

Recent updates

Would Shareholders Who Purchased Cromwell Property Group's (ASX:CMW) Stock Year Be Happy With The Share price Today?

Feb 28

Cromwell Property Group (ASX:CMW) Insiders Increased Their Holdings

Feb 02

What Percentage Of Cromwell Property Group (ASX:CMW) Shares Do Insiders Own?

Jan 07

Cromwell Property Group's (ASX:CMW) Dismal Stock Performance Reflects Weak Fundamentals

Dec 11

Cromwell Property Group's (ASX:CMW) Shareholders Are Down 22% On Their Shares

Nov 20

Earnings and Revenue Growth Forecasts

ASX:CMW - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2027	232	83	64	92	2
6/30/2026	224	78	109	100	2
6/30/2025	180	82	107	115	1
6/30/2024	220	-280	113	113	N/A
3/31/2024	214	-319	133	134	N/A
12/31/2023	339	-581	154	154	N/A
9/30/2023	349	-512	152	152	N/A
6/30/2023	229	-221	149	149	N/A
3/31/2023	328	-81	151	151	N/A
12/31/2022	428	59	152	153	N/A
9/30/2022	458	161	164	164	N/A
6/30/2022	488	263	175	175	N/A
3/31/2022	467	280	180	181	N/A
12/31/2021	446	296	186	186	N/A
9/30/2021	458	302	188	188	N/A
6/30/2021	471	308	190	191	N/A
3/31/2021	453	201	180	179	N/A
12/31/2020	436	95	169	167	N/A
9/30/2020	457	136	185	184	N/A
6/30/2020	477	178	200	200	N/A
3/31/2020	462	227	196	199	N/A
12/31/2019	447	276	192	197	N/A
9/30/2019	409	218	162	166	N/A
6/30/2019	371	160	132	135	N/A
3/31/2019	402	197	121	124	N/A
12/31/2018	434	234	111	113	N/A
9/30/2018	448	219	115	117	N/A
6/30/2018	462	203	119	121	N/A
12/31/2017	388	203	N/A	145	N/A
9/30/2017	371	240	N/A	150	N/A
6/30/2017	353	277	N/A	154	N/A
12/31/2016	360	287	N/A	155	N/A
9/30/2016	360	308	N/A	157	N/A
6/30/2016	360	330	N/A	159	N/A
3/31/2016	349	293	N/A	155	N/A
12/31/2015	338	257	N/A	151	N/A
9/30/2015	308	203	N/A	147	N/A
6/30/2015	278	149	N/A	144	N/A
3/31/2015	276	166	N/A	142	N/A
12/31/2014	275	183	N/A	139	N/A
9/30/2014	280	183	N/A	143	N/A
6/30/2014	284	182	N/A	148	N/A
3/31/2014	276	143	N/A	142	N/A
12/31/2013	268	103	N/A	136	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CMW is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.6%).

Earnings vs Market: CMW is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CMW is expected to become profitable in the next 3 years.

Revenue vs Market: CMW's revenue (7.4% per year) is forecast to grow faster than the Australian market (5.9% per year).

High Growth Revenue: CMW's revenue (7.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CMW's Return on Equity is forecast to be low in 3 years time (4.9%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 18:22
End of Day Share Price	2024/12/20 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Cromwell Property Group is covered by 13 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Russell Wright	Barclay Pearce Capital Pty Limited
Simon Chan	BofA Global Research
James Druce	Commonwealth Bank of Australia

Cromwell Property Group Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Price target decreased by 19% to AU$0.55

Price target decreased by 9.4% to AU$0.65

Price target decreased by 8.3% to AU$0.72

Consensus EPS estimates increase from loss to AU$0.02 profit, revenue downgraded

Price target decreased by 11% to AU$0.82

Price target decreased by 11% to AU$0.82

Recent updates

Now 30% overvalued

Now 22% overvalued

CEO, MD & Director recently bought AU$303k worth of stock

Fourth quarter dividend reduced to AU$0.0075

Now 21% overvalued after recent price rise

New major risk - Revenue and earnings growth

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Insufficient new directors

New major risk - Revenue and earnings growth

Now 23% undervalued

Dividend of AU$0.0075 announced

Price target decreased by 19% to AU$0.55

New major risk - Revenue and earnings growth

First half 2024 earnings released: AU$0.08 loss per share (vs AU$0.027 loss in 1H 2023)

Cromwell Property Group to Promote Michelle Dance as Chief Financial Officer, Effective from 1 January 2024

Cromwell Property Group to Report Fiscal Year 2024 Results on Aug 29, 2024

Price target decreased by 9.4% to AU$0.65

CEO, MD & Director recently bought AU$297k worth of stock

Cromwell Property Group Announces Dividend for the Quarter Ending September 30, 2023, Payable on November 17, 2023

Price target decreased by 8.3% to AU$0.72

Full year 2023 earnings released: AU$0.17 loss per share (vs AU$0.10 profit in FY 2022)

Cromwell Property Group (ASX:CMW) agreed to acquire Australian Unity Property Limited from Australian Unity Limited for AUD 17 million.

Consensus EPS estimates increase from loss to AU$0.02 profit, revenue downgraded

Price target decreased by 11% to AU$0.82

Now 24% undervalued after recent price drop

First half 2023 earnings released: AU$0.049 loss per share (vs AU$0.051 profit in 1H 2022)

Price target decreased by 11% to AU$0.82

Cromwell Property Group (ASX:CMW) and JPMorgan Asset Management (Europe) S.à r.l., Frankfurt Branch acquired Panattoni Park Hamburg from Panattoni Germany Properties GmbH.

Upcoming dividend of AU$0.014 per share

Cromwell Property Group to Report Fiscal Year 2023 Results on Aug 31, 2023

Cromwell Property Group Appoints Lara Young as its Head of Environmental, Social, and Governance

Cromwell Property Group Announces Dividend for the Quarter Ending December 31, 2022 Payable on February 17, 2023

High number of new directors

Cromwell Property Group (ASX:CMW) acquired Five logistics assets in Nordics.

Anglicare Youth And Family Services agreed to acquire 50% LDK Healthcare Pty Ltd from Cromwell Property Group (ASX:CMW).

Cromwell Property Group Announces Dividend for the Quarter Ended September 30, 2022, Payable on November 18, 2022

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Cromwell Property Group Provides Dividend Guidance for the Quarter Ending September 2022

Cromwell Property Group Announces Ordinary Dividend for the Quarter Ending June 30, 2022, Payable on August 19, 2022

Key Executive recently bought AU$146k worth of stock

CapMan Nordic Real Estate III managed by CapMan Real Estate Oy acquired Portfolio of four office properties from The Goldman Sachs Group, Inc. (NYSE:GS) and Cromwell Property Group (ASX:CMW).

Wingate entered into an agreement to acquire Cromwell House at 200 Mary Street from Cromwell Property Group (ASX:CMW) for approximately AUD 110 million.

Wingate entered into an agreement to acquire Cromwell House at 200 Mary Street from Cromwell Property Group (ASX:CMW) for approximately AUD 110 million.

High number of new and inexperienced directors

Cromwell Direct Property Fund, managed by Cromwell Property Group (ASX:CMW) acquired Chesser House located at 95 Grenfell Street, Adelaide for AUD 81.35 million.

Cromwell Property Reportedly in Talks with AMP to Buy Collimate

First half 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Consensus forecasts updated

Cromwell Property Group Provides Dividend Guidance for the March 2022 Quarter

Australian Unity Office Fund Reportedly Eyes Asset Sales

Upcoming dividend of AU$0.016 per share

An unknown buyer acquired Slough Business Park Ltd from Cromwell Property Group (ASX:CMW) and Catella APAM Ltd for £28.1 million.

Full year 2021 earnings released: EPS AU$0.12 (vs AU$0.068 in FY 2020)

Castlerock Property Pty Ltd acquired Icon building in the Ipswich from Cromwell Property Group (ASX:CMW).

Cromwell Property Group Announces Ordinary Dividend for A Period of One Quarter Ended March 31, 2021

Cromwell Property Group Announces Board Changes

Independent Non-Executive Chairperson of the Board has left the company

Cromwell Property Group Announces Board Appointments

New 90-day low: AU$0.79

Elite Finland Value Added Fund Ii Ky managed by EAB Group Oyj (HLSE:EAB) acquired Light Industrial Portfolio in Finland in Finland from Cromwell Property Group (ASX:CMW).

Would Shareholders Who Purchased Cromwell Property Group's (ASX:CMW) Stock Year Be Happy With The Share price Today?

First half 2021 earnings released: EPS AU$0.056 (vs AU$0.088 in 1H 2020)

Cromwell Property Group to Report Fiscal Year 2021 Results on Aug 26, 2021

Cromwell Property Group (ASX:CMW) Insiders Increased Their Holdings

New 90-day low: AU$0.83

Cromwell Property Group Appoints Brett Hinton as Acting Chief Financial Officer

New 90-day low: AU$0.84

What Percentage Of Cromwell Property Group (ASX:CMW) Shares Do Insiders Own?

Cromwell Property Group Announces Management Changes