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CLW

Charter Hall Long WALE REITASX:CLW Stock Report

Market Cap

AU$3.1b

7D

0.4%

1Y

-2.2%

Updated

20 Oct, 2021

Data

Company Financials +
CLW fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance4/6
Financial Health3/6
Dividends3/6

CLW Overview

Charter Hall Long WALE REIT is an Australian Real Estate Investment Trust (REIT) listed on the ASX and investing in high quality Australasian real estate assets that are predominantly leased to corporate and government tenants on long term leases.

Charter Hall Long WALE REIT Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Charter Hall Long WALE REIT
Historical stock prices
Current Share PriceAU$4.94
52 Week HighAU$4.33
52 Week LowAU$5.38
Beta0.29
1 Month Change-3.52%
3 Month Change1.23%
1 Year Change-2.18%
3 Year Change19.61%
5 Year Changen/a
Change since IPO24.75%

Recent News & Updates

Shareholder Returns

CLWAU REITsAU Market
7D0.4%1.5%1.7%
1Y-2.2%21.5%20.2%

Return vs Industry: CLW underperformed the Australian REITs industry which returned 21.5% over the past year.

Return vs Market: CLW underperformed the Australian Market which returned 20.2% over the past year.

Price Volatility

Is CLW's price volatile compared to industry and market?
CLW volatility
CLW Beta0.29
Industry Beta0.86
Market Beta1

Stable Share Price: CLW is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: CLW's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aDavid Harrisonhttps://www.charterhall.com.au

Charter Hall Long WALE REIT is an Australian Real Estate Investment Trust (REIT) listed on the ASX and investing in high quality Australasian real estate assets that are predominantly leased to corporate and government tenants on long term leases. Charter Hall Long WALE REIT is managed by Charter Hall Group (ASX:CHC). With over 29 years' experience in property investment and funds management, we're one of Australia's leading fully integrated property groups.

Charter Hall Long WALE REIT Fundamentals Summary

How do Charter Hall Long WALE REIT's earnings and revenue compare to its market cap?
CLW fundamental statistics
Market CapAU$3.11b
Earnings (TTM)AU$618.31m
Revenue (TTM)AU$504.78m

5.1x

P/E Ratio

6.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CLW income statement (TTM)
RevenueAU$504.78m
Cost of RevenueAU$43.36m
Gross ProfitAU$461.43m
Expenses-AU$156.89m
EarningsAU$618.31m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.97
Gross Margin91.41%
Net Profit Margin122.49%
Debt/Equity Ratio40.8%

How did CLW perform over the long term?

See historical performance and comparison

Dividends

6.2%

Current Dividend Yield

79%

Payout Ratio

Valuation

Is Charter Hall Long WALE REIT undervalued compared to its fair value and its price relative to the market?

42.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CLW (A$4.94) is trading below our estimate of fair value (A$8.65)

Significantly Below Fair Value: CLW is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CLW is good value based on its PE Ratio (5.1x) compared to the Australian REITs industry average (9.6x).

PE vs Market: CLW is good value based on its PE Ratio (5.1x) compared to the Australian market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: CLW's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: CLW is good value based on its PB Ratio (1x) compared to the AU REITs industry average (1.2x).


Future Growth

How is Charter Hall Long WALE REIT forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

-36.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CLW's earnings are forecast to decline over the next 3 years (-36.2% per year).

Earnings vs Market: CLW's earnings are forecast to decline over the next 3 years (-36.2% per year).

High Growth Earnings: CLW's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CLW's revenue is expected to decline over the next 3 years (-15.2% per year).

High Growth Revenue: CLW's revenue is forecast to decline over the next 3 years (-15.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CLW's Return on Equity is forecast to be low in 3 years time (5.6%).


Past Performance

How has Charter Hall Long WALE REIT performed over the past 5 years?

57.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CLW has a large one-off gain of A$180.0M impacting its June 30 2021 financial results.

Growing Profit Margin: CLW's current net profit margins are higher than last year (51.8%).


Past Earnings Growth Analysis

Earnings Trend: CLW's earnings have grown significantly by 57.6% per year over the past 5 years.

Accelerating Growth: CLW's earnings growth over the past year (405.1%) exceeds its 5-year average (57.6% per year).

Earnings vs Industry: CLW earnings growth over the past year (405.1%) exceeded the REITs industry 106.4%.


Return on Equity

High ROE: CLW's Return on Equity (18.9%) is considered low.


Financial Health

How is Charter Hall Long WALE REIT's financial position?


Financial Position Analysis

Short Term Liabilities: CLW's short term assets (A$109.4M) exceed its short term liabilities (A$71.4M).

Long Term Liabilities: CLW's short term assets (A$109.4M) do not cover its long term liabilities (A$1.3B).


Debt to Equity History and Analysis

Debt Level: CLW's debt to equity ratio (40.8%) is considered high.

Reducing Debt: CLW's debt to equity ratio has reduced from 43% to 40.8% over the past 5 years.

Debt Coverage: CLW's debt is not well covered by operating cash flow (12.1%).

Interest Coverage: CLW's interest payments on its debt are well covered by EBIT (22.5x coverage).


Balance Sheet


Dividend

What is Charter Hall Long WALE REIT current dividend yield, its reliability and sustainability?

6.17%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CLW's dividend (6.17%) is higher than the bottom 25% of dividend payers in the Australian market (2.27%).

High Dividend: CLW's dividend (6.17%) is in the top 25% of dividend payers in the Australian market (5.33%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, CLW has been paying a dividend for less than 10 years.

Growing Dividend: CLW's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (79.3%), CLW's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CLW's dividends in 3 years are not forecast to be well covered by earnings (100.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

David Harrison (55 yo)

no data

Tenure

Mr. David William Harrison has been Group Chief Executive Officer and Managing Director at Charter Hall Group since February 16, 2016. He is responsible for all aspects of the Charter Hall business, with s...


Leadership Team

Experienced Management: CLW's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: CLW's board of directors are considered experienced (5.3 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 22.8%.


Top Shareholders

Company Information

Charter Hall Long WALE REIT's employee growth, exchange listings and data sources


Key Information

  • Name: Charter Hall Long WALE REIT
  • Ticker: CLW
  • Exchange: ASX
  • Founded: NaN
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Market Cap: AU$3.108b
  • Shares outstanding: 634.24m
  • Website: https://www.charterhall.com.au

Location

  • Charter Hall Long WALE REIT
  • No. 1 Martin Place
  • Level 20
  • Sydeny
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 07:02
End of Day Share Price2021/10/20 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.