Westfield Carindale is situated in an affluent quarter of Brisbane’s south-eastern suburbs approximately 12 kilometres from the Brisbane CBD.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$4.70|
|52 Week High||AU$3.46|
|52 Week Low||AU$4.89|
|1 Month Change||5.86%|
|3 Month Change||10.59%|
|1 Year Change||32.02%|
|3 Year Change||-39.36%|
|5 Year Change||-38.96%|
|Change since IPO||100.00%|
Recent News & Updates
Would Shareholders Who Purchased Carindale Property Trust's (ASX:CDP) Stock Five Years Be Happy With The Share price Today?
The main aim of stock picking is to find the market-beating stocks. But the main game is to find enough winners to more...
|CDP||AU REITs||AU Market|
Return vs Industry: CDP exceeded the Australian REITs industry which returned 21.5% over the past year.
Return vs Market: CDP exceeded the Australian Market which returned 20.2% over the past year.
Stable Share Price: CDP is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: CDP's weekly volatility (3%) has been stable over the past year.
About the Company
Westfield Carindale is situated in an affluent quarter of Brisbane’s south-eastern suburbs approximately 12 kilometres from the Brisbane CBD. The centre services a trade area population of approximately 690,000 with the nearby Gateway Motorway offering residents to the north and south of the centre convenient access. One of the city’s leading retail and lifestyle destinations, Westfield Carindale is home to many of Australia’s most well-known retailers including David Jones, Myer, Harris Scarfe, Big W, Target, Coles, Woolworths, ALDI and Apple, as well as a host of premium fashion brands.
Carindale Property Trust Fundamentals Summary
|CDP fundamental statistics|
Is CDP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CDP income statement (TTM)|
|Cost of Revenue||AU$19.14m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.55|
|Net Profit Margin||78.66%|
How did CDP perform over the long term?See historical performance and comparison
4.9%Current Dividend Yield
Is Carindale Property Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CDP (A$4.7) is trading below our estimate of fair value (A$6.64)
Significantly Below Fair Value: CDP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CDP is good value based on its PE Ratio (8.5x) compared to the Australian REITs industry average (9.6x).
PE vs Market: CDP is good value based on its PE Ratio (8.5x) compared to the Australian market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: CDP's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: CDP is good value based on its PB Ratio (0.7x) compared to the AU REITs industry average (1.2x).
How is Carindale Property Trust forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CDP's earnings are forecast to decline over the next 3 years (-3.1% per year).
Earnings vs Market: CDP's earnings are forecast to decline over the next 3 years (-3.1% per year).
High Growth Earnings: CDP's earnings are forecast to decline over the next 3 years.
Revenue vs Market: CDP's revenue is expected to decline over the next 3 years (-9% per year).
High Growth Revenue: CDP's revenue is forecast to decline over the next 3 years (-9% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CDP's Return on Equity is forecast to be low in 3 years time (4.7%).
How has Carindale Property Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CDP has a large one-off gain of A$12.3M impacting its June 30 2021 financial results.
Growing Profit Margin: CDP became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: CDP's earnings have declined by 55.1% per year over the past 5 years.
Accelerating Growth: CDP has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: CDP has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (106.4%).
Return on Equity
High ROE: CDP's Return on Equity (8.5%) is considered low.
How is Carindale Property Trust's financial position?
Financial Position Analysis
Short Term Liabilities: CDP's short term assets (A$5.8M) do not cover its short term liabilities (A$14.5M).
Long Term Liabilities: CDP's short term assets (A$5.8M) do not cover its long term liabilities (A$275.3M).
Debt to Equity History and Analysis
Debt Level: CDP's debt to equity ratio (59.1%) is considered high.
Reducing Debt: CDP's debt to equity ratio has increased from 39.7% to 59.1% over the past 5 years.
Debt Coverage: CDP's debt is not well covered by operating cash flow (8.8%).
Interest Coverage: CDP's interest payments on its debt are well covered by EBIT (8.8x coverage).
What is Carindale Property Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CDP's dividend (4.89%) is higher than the bottom 25% of dividend payers in the Australian market (2.27%).
High Dividend: CDP's dividend (4.89%) is low compared to the top 25% of dividend payers in the Australian market (5.33%).
Stability and Growth of Payments
Stable Dividend: CDP's dividend payments have been volatile in the past 10 years.
Growing Dividend: CDP's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (34.2%), CDP's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CDP's dividends in 3 years are forecast to be covered by earnings (78.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Peter Allen (59 yo)
Mr. Peter Kenneth Allen has been the Chief Executive Officer and Executive Director of Scentre Group since 2010 and May 25, 2011 respectively and serves as its Managing Director. Mr. Allen has been Chief E...
Experienced Management: CDP's management team is seasoned and experienced (7.3 years average tenure).
Experienced Board: CDP's board of directors are considered experienced (5.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Carindale Property Trust's employee growth, exchange listings and data sources
- Name: Carindale Property Trust
- Ticker: CDP
- Exchange: ASX
- Founded: NaN
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: AU$335.029m
- Shares outstanding: 71.28m
- Website: https://www.carindalepropertytrust.com.au
- Carindale Property Trust
- 85 Castlereagh Street
- Level 30
- New South Wales
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/20 15:18|
|End of Day Share Price||2021/10/20 00:00|
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.