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.
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Charter Hall Long WALE REIT Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$4.94|
|52 Week High||AU$4.33|
|52 Week Low||AU$5.38|
|1 Month Change||-3.52%|
|3 Month Change||1.23%|
|1 Year Change||-2.18%|
|3 Year Change||19.61%|
|5 Year Change||n/a|
|Change since IPO||24.75%|
Recent News & Updates
|CLW||AU REITs||AU Market|
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.
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
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
|CLW fundamental statistics|
Is CLW overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CLW income statement (TTM)|
|Cost of Revenue||AU$43.36m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.97|
|Net Profit Margin||122.49%|
How did CLW perform over the long term?See historical performance and comparison
6.2%Current Dividend Yield
Is Charter Hall Long WALE REIT 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: 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).
How is Charter Hall Long WALE REIT forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
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%).
How has Charter Hall Long WALE REIT performed over the past 5 years?
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.
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).
What is Charter Hall Long WALE REIT current dividend yield, its reliability and sustainability?
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).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Harrison (55 yo)
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...
Experienced Management: CLW's management team is considered experienced (2.8 years average tenure).
Experienced Board: CLW's board of directors are considered experienced (5.3 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 been diluted in the past year, with total shares outstanding growing by 22.8%.
Charter Hall Long WALE REIT's employee growth, exchange listings and data sources
- 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
- Charter Hall Long WALE REIT
- No. 1 Martin Place
- Level 20
- New South Wales
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/20 07:02|
|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.