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CIMIC Group

ASX:CIM
Snowflake Description

Excellent balance sheet with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CIM
ASX
A$15B
Market Cap
  1. Home
  2. AU
  3. Capital Goods
Company description

CIMIC Group Limited provides construction, mining, mineral processing, engineering, and operation and maintenance services to the infrastructure, resource, and property markets. The last earnings update was 38 days ago. More info.


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CIM Share Price and Events
7 Day Returns
0.6%
ASX:CIM
3%
AU Construction
3.5%
AU Market
1 Year Returns
10%
ASX:CIM
6.6%
AU Construction
5.6%
AU Market
CIM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CIMIC Group (CIM) 0.6% -5.6% -5.8% 10% 20.6% 128%
AU Construction 3% -3.3% -1.6% 6.6% 31.9% 44%
AU Market 3.5% 3.6% 5.5% 5.6% 20.1% 9.4%
1 Year Return vs Industry and Market
  • CIM outperformed the Construction industry which returned 6.6% over the past year.
  • CIM outperformed the Market in Australia which returned 5.6% over the past year.
Price Volatility
CIM
Industry
5yr Volatility vs Market

Value

 Is CIMIC Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of CIMIC Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for CIMIC Group.

ASX:CIM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.3%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:CIM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Construction Unlevered Beta Simply Wall St/ S&P Global 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.988 (1 + (1- 30%) (3.45%))
1.008
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.01
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.008 * 5.96%)
8.32%

Discounted Cash Flow Calculation for ASX:CIM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for CIMIC Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:CIM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 8.32%)
2019 552.50 Analyst x2 510.06
2020 913.50 Analyst x2 778.56
2021 849.00 Analyst x1 668.01
2022 811.36 Est @ -4.43% 589.37
2023 791.81 Est @ -2.41% 530.99
2024 783.95 Est @ -0.99% 485.34
2025 783.93 Est @ -0% 448.05
2026 789.36 Est @ 0.69% 416.50
2027 798.66 Est @ 1.18% 389.04
2028 810.79 Est @ 1.52% 364.62
Present value of next 10 years cash flows A$5,180.54
ASX:CIM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$810.79 × (1 + 2.31%) ÷ (8.32% – 2.31%)
A$13,807.91
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$13,807.91 ÷ (1 + 8.32%)10
A$6,209.46
ASX:CIM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$5,180.54 + A$6,209.46
A$11,390.00
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$11,390.00 / 324.25
A$35.13
ASX:CIM Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$35.13
Current discount Discount to share price of A$46.75
= -1 x (A$46.75 - A$35.13) / A$35.13
-33.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of CIMIC Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for CIMIC Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CIMIC Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:CIM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in AUD A$2.44
ASX:CIM Share Price ** ASX (2019-05-23) in AUD A$46.75
Australia Construction Industry PE Ratio Median Figure of 13 Publicly-Listed Construction Companies 19.19x
Australia Market PE Ratio Median Figure of 542 Publicly-Listed Companies 16.13x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of CIMIC Group.

ASX:CIM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:CIM Share Price ÷ EPS (both in AUD)

= 46.75 ÷ 2.44

19.2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CIMIC Group is overvalued based on earnings compared to the AU Construction industry average.
  • CIMIC Group is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does CIMIC Group's expected growth come at a high price?
Raw Data
ASX:CIM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
1.4%per year
Australia Construction Industry PEG Ratio Median Figure of 10 Publicly-Listed Construction Companies 1.13x
Australia Market PEG Ratio Median Figure of 359 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

ASX:CIM PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.2x ÷ 1.4%

14.12x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CIMIC Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on CIMIC Group's assets?
Raw Data
ASX:CIM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in AUD A$7.34
ASX:CIM Share Price * ASX (2019-05-23) in AUD A$46.75
Australia Construction Industry PB Ratio Median Figure of 19 Publicly-Listed Construction Companies 1.09x
Australia Market PB Ratio Median Figure of 1,680 Publicly-Listed Companies 1.65x
ASX:CIM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:CIM Share Price ÷ Book Value per Share (both in AUD)

= 46.75 ÷ 7.34

6.37x

* Primary Listing of CIMIC Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CIMIC Group is overvalued based on assets compared to the AU Construction industry average.
X
Value checks
We assess CIMIC Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check)
  5. CIMIC Group has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is CIMIC Group expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CIMIC Group expected to grow at an attractive rate?
  • CIMIC Group's earnings growth is positive but not above the low risk savings rate of 2.3%.
Growth vs Market Checks
  • CIMIC Group's earnings growth is positive but not above the Australia market average.
  • CIMIC Group's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:CIM Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:CIM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 1.4%
ASX:CIM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 4.1%
Australia Construction Industry Earnings Growth Rate Market Cap Weighted Average 6%
Australia Construction Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
Australia Market Earnings Growth Rate Market Cap Weighted Average 7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:CIM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:CIM Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 20,397 857 1
2022-12-31 19,795 831 1
2021-12-31 19,008 1,484 861 5
2020-12-31 18,656 1,603 849 5
2019-12-31 18,049 1,621 828 5
ASX:CIM Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-03-31 14,853 790
2018-12-31 14,670 1,709 781
2018-09-30 14,522 765
2018-06-30 14,088 1,465 742
2018-03-31 13,653 714
2017-12-31 13,430 1,362 702
2017-09-30 12,815 668
2017-06-30 12,219 1,586 638
2017-03-31 11,465 610
2016-12-31 10,854 1,127 580
2016-09-30 10,561 544
2016-06-30 10,984 1,030 528

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CIMIC Group's earnings are expected to grow by 1.4% yearly, however this is not considered high growth (20% yearly).
  • CIMIC Group's revenue is expected to grow by 4.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:CIM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from CIMIC Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CIM Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 2.83 2.83 2.83 1.00
2022-12-31 2.70 2.70 2.70 1.00
2021-12-31 2.69 2.99 2.22 6.00
2020-12-31 2.65 2.85 2.37 7.00
2019-12-31 2.57 2.66 2.49 7.00
ASX:CIM Past Financials Data
Date (Data in AUD Millions) EPS *
2019-03-31 2.44
2018-12-31 2.41
2018-09-30 2.36
2018-06-30 2.29
2018-03-31 2.20
2017-12-31 2.17
2017-09-30 2.06
2017-06-30 1.97
2017-03-31 1.87
2016-12-31 1.77
2016-09-30 1.64
2016-06-30 1.58

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • CIMIC Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess CIMIC Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
CIMIC Group has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has CIMIC Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare CIMIC Group's growth in the last year to its industry (Construction).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • CIMIC Group has delivered over 20% year on year earnings growth in the past 5 years.
  • CIMIC Group's 1-year earnings growth is less than its 5-year average (10.7% vs 29.6%)
  • CIMIC Group's earnings growth has not exceeded the AU Construction industry average in the past year (10.7% vs 28.5%).
Earnings and Revenue History
CIMIC Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from CIMIC Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CIM Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 14,852.90 789.90 4,035.40
2018-12-31 14,670.20 780.60 4,035.40
2018-09-30 14,521.90 765.00 3,910.50
2018-06-30 14,087.50 742.20 4,092.90
2018-03-31 13,653.10 713.80 3,910.50
2017-12-31 13,429.50 702.10 3,910.50
2017-09-30 12,815.40 667.70 2,819.60
2017-06-30 12,219.30 638.00 3,219.50
2017-03-31 11,464.80 610.30 2,819.60
2016-12-31 10,853.60 580.30 2,819.60
2016-09-30 10,561.30 543.60 3,411.10
2016-06-30 10,983.50 528.40 2,786.00
2016-03-31 12,321.70 526.60 3,411.10
2015-12-31 13,280.80 520.40 3,411.10
2015-09-30 14,930.10 26.10 5,406.60
2015-06-30 15,718.40 -59.80 4,862.20
2015-03-31 16,306.00 -96.60 5,406.60
2014-12-31 16,875.80 -114.90 5,406.60
2014-09-30 22,495.20 495.20 6,258.97
2014-06-30 14,102.50 102.60 4,214.70
2014-03-31 22,917.70 537.70 6,258.97
2013-12-31 16,258.70 266.70 4,856.20
2013-09-30 19,945.70 577.10 5,356.49
2013-06-30 21,421.80 701.70 6,260.90
2013-03-31 19,208.70 653.10 5,356.49
2012-12-31 20,829.70 450.10 5,894.70
2012-09-30 21,361.40 1,321.90 5,272.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • CIMIC Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • CIMIC Group used its assets more efficiently than the AU Construction industry average last year based on Return on Assets.
  • CIMIC Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess CIMIC Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
CIMIC Group has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is CIMIC Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up CIMIC Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CIMIC Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • CIMIC Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CIMIC Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 10.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from CIMIC Group Company Filings, last reported 1 month ago.

ASX:CIM Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,336.80 522.80 2,141.70
2018-12-31 2,336.80 522.80 2,141.70
2018-09-30 2,071.90 882.20 2,180.90
2018-06-30 2,071.90 882.20 2,180.90
2018-03-31 3,357.20 903.40 1,813.80
2017-12-31 3,357.20 903.40 1,813.80
2017-09-30 3,262.70 1,083.50 1,691.00
2017-06-30 3,262.70 1,083.50 1,691.00
2017-03-31 3,312.40 1,167.20 1,576.50
2016-12-31 3,291.40 1,167.20 1,576.50
2016-09-30 3,721.70 1,127.20 1,661.80
2016-06-30 3,721.70 1,127.20 1,661.80
2016-03-31 4,115.30 1,056.30 2,167.80
2015-12-31 4,115.30 1,056.30 2,167.80
2015-09-30 3,869.40 1,994.60 2,349.70
2015-06-30 3,869.40 1,994.60 2,349.70
2015-03-31 3,781.60 2,995.30 1,976.90
2014-12-31 3,781.60 2,995.30 1,976.90
2014-09-30 3,315.50 2,781.80 1,574.20
2014-06-30 3,315.50 2,781.80 1,574.20
2014-03-31 3,246.10 2,125.10 1,720.70
2013-12-31 3,246.10 2,125.10 1,720.70
2013-09-30 3,142.20 3,118.20 1,849.70
2013-06-30 3,142.20 3,118.20 1,849.70
2013-03-31 2,916.90 2,760.50 1,847.00
2012-12-31 2,916.90 2,760.50 2,007.70
2012-09-30
  • CIMIC Group's level of debt (22.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (65.7% vs 22.4% today).
  • Debt is well covered by operating cash flow (326.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 98.8x coverage).
X
Financial health checks
We assess CIMIC Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. CIMIC Group has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is CIMIC Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.34%
Current annual income from CIMIC Group dividends. Estimated to be 3.63% next year.
If you bought A$2,000 of CIMIC Group shares you are expected to receive A$67 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • CIMIC Group's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.56%).
  • CIMIC Group's dividend is below the markets top 25% of dividend payers in Australia (5.69%).
Upcoming dividend payment

Purchase CIMIC Group before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:CIM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Australia Construction Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 3.2%
Australia Market Average Dividend Yield Market Cap Weighted Average of 414 Stocks 4.1%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.6%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:CIM Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.74 1.00
2022-12-31 1.68 1.00
2021-12-31 1.75 7.00
2020-12-31 1.70 8.00
2019-12-31 1.64 8.00
ASX:CIM Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-05 1.560 3.204
2018-07-18 1.450 3.123
2018-02-06 1.350 3.078
2017-07-17 1.220 2.636
2017-02-07 1.100 2.891
2016-07-19 0.980 3.184
2016-02-09 0.960 2.797
2015-10-28 0.920 3.759
2015-07-22 0.920 3.838
2015-02-19 1.100 5.010
2015-02-10 1.100 5.210
2014-02-19 1.050 5.095
2013-02-13 0.800 4.519
2012-10-30 0.400 2.209
2012-08-06 0.400 2.365
2012-03-30 0.600 3.378
2012-01-16 0.600 2.533
2011-09-29 0.000 0.000
2011-08-15 0.000 0.000
2011-05-16 0.000 0.000
2011-02-14 1.450 5.228
2010-08-16 1.500 4.584
2010-02-12 1.200 3.566
2009-08-14 1.150 3.097

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of CIMIC Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess CIMIC Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can CIMIC Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CIMIC Group has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of CIMIC Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Michael Wright
COMPENSATION A$2,698,506
TENURE AS CEO 1.4 years
CEO Bio

Mr. Michael Wright, BE (Civil), MEngSc, FIEAust has been Chief Executive Officer and Managing Director of CIMIC Group Limited since December 1, 2017. Mr. Wright served as Deputy Chief Executive Officer of CIMIC Group Limited since August 24, 2017 until December 1, 2017. He served as the Managing Director of Thiess Pty Ltd at CIMIC Group Limited since May 2015 until August 24, 2017 and served as its Group Executive of Mining & Mineral Processing since December 2016 until August 24, 2017. Mr. Wright served as an Executive General Manager of Australia mining at Thiess Pty Ltd. He has more than 25 years’ experience across various sectors including mining, civil engineering, project management, land remediation, telecommunications and utilities, working in Australia, China, Mongolia and the UK. Since CIMIC Group in 1998, he has held numerous roles, including General Manager of China/Mongolia for Leighton Asia, Executive General Manager of Thiess Services Pty Ltd and General Manager for Silcar. He served as General Manager of Thiess’ Australian Mining business in 2011. He represents industry serving as a board member for the Sustainable Minerals Institute and Queensland Resources Council. Mr. Wright is also a Director of the International River Foundation. He holds Civil Engineering and a Masters of Engineering.

CEO Compensation
  • Michael's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Michael's remuneration is lower than average for companies of similar size in Australia.
Management Team Tenure

Average tenure and age of the CIMIC Group management team in years:

1.7
Average Tenure
52
Average Age
  • The average tenure for the CIMIC Group management team is less than 2 years, this suggests a new team.
Management Team

Marcelino Fernandez Verdes

TITLE
Executive Chairman
AGE
63

Michael Wright

TITLE
CEO, MD & Director
COMPENSATION
A$3M
TENURE
1.4 yrs

Stefan Camphausen

TITLE
Chief Financial Officer
COMPENSATION
A$1M
AGE
40
TENURE
1.9 yrs

Ignacio Segura Suriñach

TITLE
Deputy CEO & COO
COMPENSATION
A$2M
AGE
52
TENURE
1.5 yrs

George Sassine

TITLE
Executive General Manager of Investment & Group Property
TENURE
2.3 yrs

Fiona Tyndall

TITLE
General Manager of Communications

Lisa Interligi

TITLE
Chief Human Resources & Corporate Services Officer

Roman Garrido

TITLE
CIMIC Group Chief Safety

Glen Mace

TITLE
Managing Director of EIC Activities

Juan Santamaria

TITLE
Managing Director of CPB Contractors
Board of Directors Tenure

Average tenure and age of the CIMIC Group board of directors in years:

5
Average Tenure
66
Average Age
  • The tenure for the CIMIC Group board of directors is about average.
Board of Directors

Michael Wright

TITLE
CEO, MD & Director
COMPENSATION
A$3M

Peter McMorrow

TITLE
Executive Chairman of Broad Group Holdings
COMPENSATION
A$374K
AGE
68
TENURE
8.7 yrs

Marcelino Fernandez Verdes

TITLE
Executive Chairman
AGE
63
TENURE
4.9 yrs

Riad T. Sadik

TITLE
Chairman of Habtoor Leighton Group
AGE
75

Russell Chenu

TITLE
Independent Non-Executive Director
COMPENSATION
A$308K
AGE
66
TENURE
4.9 yrs

Trevor Gerber

TITLE
Independent Non-Executive Director
COMPENSATION
A$302K
AGE
60
TENURE
4.9 yrs

Kate Spargo

TITLE
Independent Non-Executive Director
COMPENSATION
A$250K
AGE
67
TENURE
1.7 yrs

David Robinson

TITLE
Non-Executive Director
COMPENSATION
A$335K
AGE
59
TENURE
28.4 yrs

Peter-Wilhelm Sassenfeld

TITLE
Non-Executive Director
COMPENSATION
A$220K
AGE
52
TENURE
7.5 yrs

Pedro López Jiménez

TITLE
Non-Executive Director
COMPENSATION
A$231K
AGE
73
TENURE
5.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
21. Nov 18 Buy Kathryn Spargo Individual 20. Nov 18 20. Nov 18 1,000 A$42.55 A$42,550
X
Management checks
We assess CIMIC Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. CIMIC Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Three Things You Should Check Before Buying CIMIC Group Limited (ASX:CIM) For Its Dividend

Today we'll take a closer look at CIMIC Group Limited (ASX:CIM) from a dividend investor's perspective. … Yet sometimes, investors buy a stock for its dividend and lose money because the share price falls by more than they earned in dividend payments. … In this case, CIMIC Group likely looks attractive to investors, given its 3.1% dividend yield and a payment history of over ten years.

Simply Wall St -

CIMIC Group Limited (ASX:CIM): A Fundamentally Attractive Investment

I've been keeping an eye on CIMIC Group Limited (ASX:CIM) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe CIM has a lot to offer. … , dividend-paying company with a

Simply Wall St -

Why CIMIC Group Limited (ASX:CIM) Is A Star In A Falling Market

CIMIC Group Limited is a financially healthy and robust stock with a proven track record of outperformance. … We all know CIMIC Group, and having this large-cap to cushion your portfolio during a volatile period in the stock market isn't a bad idea. … View our latest analysis for CIMIC Group.

Simply Wall St -

How Many CIMIC Group Limited (ASX:CIM) Shares Do Institutions Own?

If you want to know who really controls CIMIC Group Limited (ASX:CIM), then you'll have to look at the makeup of its share registry. … Generally speaking, as a company grows, institutions will increase their ownership. … institutions own shares in the company.

Simply Wall St -

Does CIMIC Group Limited's (ASX:CIM) Past Performance Indicate A Stronger Future?

When CIMIC Group Limited (ASX:CIM) announced its most recent earnings (31 December 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … CIM's trailing twelve-month earnings (from 31 December 2018) of AU$781m has. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 30%, indicating the rate at which CIM is growing has slowed down

Simply Wall St -

Have Insiders Been Selling CIMIC Group Limited (ASX:CIM) Shares This Year?

So shareholders might well want to know whether insiders have been buying or selling shares in CIMIC Group Limited (ASX:CIM). … In the last twelve months, the biggest single sale by an insider was when Adolfo Martínez sold AU$1.3m worth of shares at a price of AU$44.00 per share. … That means that an insider was selling shares at slightly below the current price (AU$49.68).

Simply Wall St -

Shareholders Are Thrilled That The CIMIC Group (ASX:CIM) Share Price Increased 137%

For instance, the price of CIMIC Group Limited (ASX:CIM) stock is up an impressive 137% over the last five years. … During five years of share price growth, CIMIC Group achieved compound earnings per share (EPS) growth of 25% per year. … The EPS growth is more impressive than the yearly share price gain of 19% over the same period.

Simply Wall St -

How Do Analysts See CIMIC Group Limited (ASX:CIM) Performing In The Years Ahead?

CIMIC Group Limited's (ASX:CIM) latest earnings announcement in December 2018a … confirmed

Simply Wall St -

All You Need To Know About CIMIC Group Limited's (ASX:CIM) Financial Health

Investors looking for stocks with high market liquidity and little debt on the balance sheet should consider CIMIC Group Limited (ASX:CIM). … With a market valuation of AU$16b, CIM is a safe haven in times of market uncertainty due to its strong balance sheet. … Using the most recent data for CIM, I will determine its financial status based on its solvency and liquidity, and assess whether the stock is a safe investment.

Simply Wall St -

A Close Look At CIMIC Group Limited’s (ASX:CIM) 36% ROCE

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … How Do You Calculate Return On Capital Employed

Simply Wall St -

Company Info

Description

CIMIC Group Limited provides construction, mining, mineral processing, engineering, and operation and maintenance services to the infrastructure, resource, and property markets. The company operates through Construction, Public Private Partnerships, Mining & Mineral Processing, Engineering, Services, and Commercial & Residential segments. It constructs roads, railways, ports, airports, water, health, education, and defense projects; oil and gas, mining, renewable energy generation and transmission, telecommunications, and commercial property projects, as well as undertakes public private partnership projects. The company also provides operation and maintenance services for transport, oil and gas, mining, power, utilities, social building, and commercial building sectors; and designs, constructs, and operates mineral processing plants and related mine site infrastructure. It has operations in Australia, Asia, the Middle East, the Americas, and Africa. The company was formerly known as Leighton Holdings Limited and changed its name to CIMIC Group Limited in April 2015. The company was founded in 1949 and is based in North Sydney, Australia. CIMIC Group Limited is a subsidiary of HOCHTIEF Australia Holdings Limited.

Details
Name: CIMIC Group Limited
CIM
Exchange: ASX
Founded: 1949
A$15,155,636,493
324,254,097
Website: http://www.cimic.com.au
Address: CIMIC Group Limited
177 Pacific Highway,
Level 25,
North Sydney,
New South Wales, 2060,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX CIM Ordinary Shares Australian Securities Exchange AU AUD 02. Jan 1992
OTCPK LGTH.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB LTH Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
CHIA CIM Ordinary Shares Chi-X Australia AU AUD 02. Jan 1992
Number of employees
Current staff
Staff numbers
26,109
CIMIC Group employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 10:30
End of day share price update: 2019/05/23 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2019/04/15
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.