Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Independent Non-Executive Director Paul Say was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Independent Non-Executive Director Paul Say was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 28
Cedar Woods Properties Limited to Report Fiscal Year 2026 Results on Aug 25, 2026 Cedar Woods Properties Limited announced that they will report fiscal year 2026 results on Aug 25, 2026 Board Change • Dec 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Independent Non-Executive Director Paul Say was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 18
Cedar Woods Properties Limited to Report First Half, 2026 Results on Feb 24, 2026 Cedar Woods Properties Limited announced that they will report first half, 2026 results on Feb 24, 2026 Announcement • Sep 09
Cedar Woods Properties Limited, Annual General Meeting, Nov 05, 2025 Cedar Woods Properties Limited, Annual General Meeting, Nov 05, 2025. Location: perth Australia Declared Dividend • Aug 28
Final dividend increased to AU$0.19 Dividend of AU$0.19 is 12% higher than last year. Ex-date: 1st October 2025 Payment date: 31st October 2025 Dividend yield will be 3.9%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (71% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 55% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 26
Full year 2025 earnings released: EPS: AU$0.58 (vs AU$0.49 in FY 2024) Full year 2025 results: EPS: AU$0.58 (up from AU$0.49 in FY 2024). Revenue: AU$465.9m (up 21% from FY 2024). Net income: AU$48.1m (up 19% from FY 2024). Profit margin: 10% (in line with FY 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Real Estate industry in Australia. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 18% per year. Board Change • Aug 18
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Paul Say was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 04
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Paul Say was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Paul Say was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Sep 28
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to AU$5.65. The fair value is estimated to be AU$4.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Earnings per share has grown by 2.9%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Upcoming Dividend • Sep 18
Upcoming dividend of AU$0.17 per share Eligible shareholders must have bought the stock before 25 September 2024. Payment date: 25 October 2024. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of Australian dividend payers (6.0%). Higher than average of industry peers (2.6%). Buy Or Sell Opportunity • Sep 12
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 27% to AU$5.75. The fair value is estimated to be AU$4.79, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Earnings per share has grown by 2.9%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Announcement • Aug 23
Cedar Woods Properties Limited Announces the Payment of Final Fully Franked Ordinary Dividend for the Six Months Ended June 30, 2024, Payable on October 25, 2024 Cedar Woods Properties Limited announced the payment of a final fully franked ordinary dividend of AUD 0.17000000 for the six months ended June 30, 2024. Record date is September 26, 2024, ex-date is September 25, 2024 and Payment Date is October 25, 2024. Declared Dividend • Aug 23
Final dividend of AU$0.17 announced Shareholders will receive a dividend of AU$0.17. Ex-date: 25th September 2024 Payment date: 25th October 2024 Dividend yield will be 4.7%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 5.4% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 21
Full year 2024 earnings released Full year 2024 results: Revenue: AU$386.3m (down 1.3% from FY 2023). Net income: AU$40.5m (up 28% from FY 2023). Profit margin: 11% (up from 8.1% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Real Estate industry in Australia. Buy Or Sell Opportunity • Jul 01
Now 4.2% overvalued Over the last 90 days, the stock has fallen 4.0% to AU$4.62. The fair value is estimated to be AU$4.43, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has declined by 3.8%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 67% in the next 2 years. Buy Or Sell Opportunity • Jun 27
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at AU$4.68. The fair value is estimated to be AU$3.89, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has declined by 3.8%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 67% in the next 2 years. Recent Insider Transactions • Jun 13
Founder & Chairman recently bought AU$71k worth of stock On the 6th of June, William Hames bought around 16k shares on-market at roughly AU$4.45 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was William's only on-market trade for the last 12 months. Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Paul Say was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Mar 18
Now 20% overvalued Over the last 90 days, the stock has fallen 3.1% to AU$4.74. The fair value is estimated to be AU$3.95, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has declined by 3.8%. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 59% in the next 2 years. Upcoming Dividend • Mar 18
Upcoming dividend of AU$0.08 per share Eligible shareholders must have bought the stock before 25 March 2024. Payment date: 26 April 2024. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Australian dividend payers (6.3%). Higher than average of industry peers (2.9%). Reported Earnings • Feb 26
First half 2024 earnings released: EPS: AU$0.032 (vs AU$0.11 in 1H 2023) First half 2024 results: EPS: AU$0.032 (down from AU$0.11 in 1H 2023). Revenue: AU$123.2m (down 19% from 1H 2023). Net income: AU$2.64m (down 71% from 1H 2023). Profit margin: 2.1% (down from 6.0% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Real Estate industry in Australia. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Declared Dividend • Feb 24
First half dividend reduced to AU$0.08 Dividend of AU$0.08 is 38% lower than last year. Ex-date: 25th March 2024 Payment date: 26th April 2024 Dividend yield will be 3.2%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (65% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Feb 23
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.0% Last year net profit margin: 10% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (7.0% net profit margin). Announcement • Nov 01
Cedar Woods Properties Limited Provides Earnings Guidance for the Year 2024 Cedar Woods Properties Limited provided earnings guidance for the year 2024. The Company expects full year FY24 earnings to be substantially skewed to the second half, with lower earnings in the first half than in the prior year. Upcoming Dividend • Sep 20
Upcoming dividend of AU$0.07 per share at 4.3% yield Eligible shareholders must have bought the stock before 27 September 2023. Payment date: 27 October 2023. Payout ratio is a comfortable 52% but the company is paying out more than the cash it is generating. Trailing yield: 4.3%. Lower than top quartile of Australian dividend payers (7.1%). Lower than average of industry peers (4.9%). Announcement • Aug 23
Cedar Woods Properties Limited Announces Final Fully Franked Ordinary Dividend for the Financial Year 2023, Payable on 27 October 2023 Cedar Woods Properties Limited Since the end of the financial year the directors have recommended the payment of a final fully franked ordinary dividend of 7.0 cents (2022 - 14.5 cents per share) to be paid on 27 October 2023 out of retained profits at 30 June 2023. New Risk • Aug 23
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 0% Cash payout ratio: 103% Dividend yield: 4.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Cash payout ratio: 103% Reported Earnings • Aug 23
Full year 2023 earnings released: EPS: AU$0.39 (vs AU$0.46 in FY 2022) Full year 2023 results: EPS: AU$0.39 (down from AU$0.46 in FY 2022). Revenue: AU$391.3m (up 18% from FY 2022). Net income: AU$31.6m (down 15% from FY 2022). Profit margin: 8.1% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Real Estate industry in Australia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Jun 14
Cedar Woods Properties Limited Provides Earnings Guidance for the Year 2023 Cedar Woods Properties Limited is guiding FY23 net profit at approximately $30 million, down from the previous forecast of meeting or exceeding FY22 NPAT of $37.4 million. Upcoming Dividend • Mar 21
Upcoming dividend of AU$0.13 per share at 6.3% yield Eligible shareholders must have bought the stock before 28 March 2023. Payment date: 28 April 2023. Payout ratio is a comfortable 70% but the company is not cash flow positive. Trailing yield: 6.3%. Lower than top quartile of Australian dividend payers (7.2%). Higher than average of industry peers (3.6%). Reported Earnings • Feb 23
First half 2023 earnings released: EPS: AU$0.11 (vs AU$0.17 in 1H 2022) First half 2023 results: EPS: AU$0.11 (down from AU$0.17 in 1H 2022). Revenue: AU$152.3m (down 13% from 1H 2022). Net income: AU$9.06m (down 36% from 1H 2022). Profit margin: 6.0% (down from 8.1% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Real Estate industry in Australia. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 21
Upcoming dividend of AU$0.14 per share Eligible shareholders must have bought the stock before 28 September 2022. Payment date: 28 October 2022. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 6.2%. Lower than top quartile of Australian dividend payers (6.7%). Higher than average of industry peers (2.8%). Reported Earnings • Aug 26
Full year 2022 earnings released: EPS: AU$0.46 (vs AU$0.41 in FY 2021) Full year 2022 results: EPS: AU$0.46 (up from AU$0.41 in FY 2021). Revenue: AU$333.0m (up 11% from FY 2021). Net income: AU$37.4m (up 14% from FY 2021). Profit margin: 11% (in line with FY 2021). Over the next year, revenue is forecast to grow 22%, compared to a 3.7% growth forecast for the Real Estate industry in Australia. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Recent Insider Transactions • Jun 18
Founder & Chairman recently bought AU$99k worth of stock On the 14th of June, William Hames bought around 26k shares on-market at roughly AU$3.78 per share. This was the largest purchase by an insider in the last 3 months. William has been a buyer over the last 12 months, purchasing a net total of AU$547k worth in shares. Recent Insider Transactions • Jun 12
Founder & Chairman recently bought AU$98k worth of stock On the 3rd of June, William Hames bought around 23k shares on-market at roughly AU$4.26 per share. In the last 3 months, they made an even bigger purchase worth AU$148k. William has been a buyer over the last 12 months, purchasing a net total of AU$448k worth in shares. Upcoming Dividend • Mar 23
Upcoming dividend of AU$0.13 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 29 April 2022. Payout ratio is on the higher end at 89% but the company is not cash flow positive. Trailing yield: 5.1%. Lower than top quartile of Australian dividend payers (5.7%). Higher than average of industry peers (2.2%). Recent Insider Transactions • Mar 19
Founder & Chairman recently bought AU$148k worth of stock On the 16th of March, William Hames bought around 31k shares on-market at roughly AU$4.75 per share. In the last 3 months, they made an even bigger purchase worth AU$201k. William has been a buyer over the last 12 months, purchasing a net total of AU$350k worth in shares. Recent Insider Transactions • Mar 10
Founder & Chairman recently bought AU$201k worth of stock On the 8th of March, William Hames bought around 43k shares on-market at roughly AU$4.68 per share. This was the largest purchase by an insider in the last 3 months. This was William's only on-market trade for the last 12 months. Reported Earnings • Feb 20
First half 2022 earnings: EPS in line with analyst expectations despite revenue beat First half 2022 results: EPS: AU$0.17 (down from AU$0.28 in 1H 2021). Revenue: AU$174.4m (up 3.1% from 1H 2021). Net income: AU$14.1m (down 38% from 1H 2021). Profit margin: 8.1% (down from 13% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 17%, compared to a 9.5% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of AU$0.14 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 29 October 2021. Trailing yield: 4.3%. Lower than top quartile of Australian dividend payers (5.6%). Higher than average of industry peers (2.4%). Reported Earnings • Aug 27
Full year 2021 earnings released: EPS AU$0.40 (vs AU$0.26 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$299.8m (up 15% from FY 2020). Net income: AU$32.8m (up 57% from FY 2020). Profit margin: 11% (up from 8.0% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jun 11
Independent Non-Executive Director recently bought AU$53k worth of stock On the 7th of June, Paul Say bought around 8k shares on-market at roughly AU$6.67 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$133k more in shares than they have sold in the last 12 months. Upcoming Dividend • Mar 22
Upcoming Dividend of AU$0.13 Per Share Will be paid on the 30th of April to those who are registered shareholders by the 29th of March. The trailing yield of 1.8% is below the top quartile of Australian dividend payers (5.4%), but is in line with industry peers (2.0%). Is New 90 Day High Low • Mar 03
New 90-day high: AU$7.48 The company is up 12% from its price of AU$6.67 on 03 December 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 1.0% over the same period. Reported Earnings • Feb 19
First half 2021 earnings released: EPS AU$0.28 (vs AU$0.13 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: AU$169.2m (up 31% from 1H 2020). Net income: AU$22.4m (up 120% from 1H 2020). Profit margin: 13% (up from 7.9% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 01
New 90-day high: AU$7.05 The company is up 23% from its price of AU$5.75 on 04 November 2020. The Australian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 3.0% over the same period. Is New 90 Day High Low • Dec 05
New 90-day high: AU$6.84 The company is up 33% from its price of AU$5.13 on 04 September 2020. The Australian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$8.53 per share. Is New 90 Day High Low • Nov 11
New 90-day high: AU$6.07 The company is up 21% from its price of AU$5.02 on 13 August 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Real Estate industry, which is also up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$8.63 per share. Is New 90 Day High Low • Sep 29
New 90-day high: AU$5.73 The company is up 9.0% from its price of AU$5.25 on 01 July 2020. The Australian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$8.61 per share. 
