CLW Stock 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.
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Charter Hall Long WALE REIT Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$3.97|
|52 Week High||AU$5.44|
|52 Week Low||AU$3.84|
|1 Month Change||-10.59%|
|3 Month Change||-8.31%|
|1 Year Change||-17.97%|
|3 Year Change||-31.08%|
|5 Year Change||-4.11%|
|Change since IPO||0.25%|
Recent News & Updates
|CLW||AU REITs||AU Market|
Return vs Industry: CLW exceeded the Australian REITs industry which returned -22.7% over the past year.
Return vs Market: CLW underperformed the Australian Market which returned -10.8% over the past year.
|CLW Average Weekly Movement||2.8%|
|REITs Industry Average Movement||3.5%|
|Market Average Movement||9.4%|
|10% most volatile stocks in AU Market||16.5%|
|10% least volatile stocks in AU Market||4.2%|
Stable Share Price: CLW is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: CLW's weekly volatility (3%) 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$69.50m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||1.26|
|Net Profit Margin||121.54%|
How did CLW perform over the long term?See historical performance and comparison
7.7%Current Dividend Yield
Is CLW undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for CLW?
Other financial metrics that can be useful for relative valuation.
|What is CLW's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does CLW's PE Ratio compare to its peers?
|CLW PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
CHC Charter Hall Group
ABP Abacus Property Group
CNI Centuria Capital Group
GOZ Growthpoint Properties Australia
CLW Charter Hall Long WALE REIT
Price-To-Earnings vs Peers: CLW is good value based on its Price-To-Earnings Ratio (3.1x) compared to the peer average (18.7x).
Price to Earnings Ratio vs Industry
How does CLW's PE Ratio compare vs other companies in the AU REITs Industry?
Price-To-Earnings vs Industry: CLW is good value based on its Price-To-Earnings Ratio (3.1x) compared to the Australian REITs industry average (6.2x)
Price to Earnings Ratio vs Fair Ratio
What is CLW's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||3.1x|
|Fair PE Ratio||7.7x|
Price-To-Earnings vs Fair Ratio: CLW is good value based on its Price-To-Earnings Ratio (3.1x) compared to the estimated Fair Price-To-Earnings Ratio (7.7x).
Share Price vs Fair Value
What is the Fair Price of CLW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: CLW (A$3.97) is trading below our estimate of fair value (A$5.91)
Significantly Below Fair Value: CLW is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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How is Charter Hall Long WALE REIT forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 (-27.8% per year).
Earnings vs Market: CLW's earnings are forecast to decline over the next 3 years (-27.8% 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 (-16.2% per year).
High Growth Revenue: CLW's revenue is forecast to decline over the next 3 years (-16.2% 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 (4.7%).
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How has Charter Hall Long WALE REIT performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CLW has a large one-off gain of A$263.3M impacting its June 30 2022 financial results.
Growing Profit Margin: CLW's current net profit margins are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: CLW's earnings have grown significantly by 62.1% per year over the past 5 years.
Accelerating Growth: CLW's earnings growth over the past year (47.5%) is below its 5-year average (62.1% per year).
Earnings vs Industry: CLW earnings growth over the past year (47.5%) underperformed the REITs industry 47.6%.
Return on Equity
High ROE: CLW's Return on Equity (20.5%) is considered high.
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How is Charter Hall Long WALE REIT's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: CLW's short term assets (A$50.5M) do not cover its short term liabilities (A$86.1M).
Long Term Liabilities: CLW's short term assets (A$50.5M) do not cover its long term liabilities (A$1.9B).
Debt to Equity History and Analysis
Debt Level: CLW's net debt to equity ratio (43%) is considered high.
Reducing Debt: CLW's debt to equity ratio has reduced from 43.7% to 43.5% over the past 5 years.
Debt Coverage: CLW's debt is not well covered by operating cash flow (9.7%).
Interest Coverage: CLW's interest payments on its debt are well covered by EBIT (20.4x coverage).
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What is Charter Hall Long WALE REIT current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Charter Hall Long WALE REIT Dividend Yield vs Market|
|Company (Charter Hall Long WALE REIT)||7.7%|
|Market Bottom 25% (AU)||2.8%|
|Market Top 25% (AU)||7.2%|
|Industry Average (REITs)||5.2%|
|Analyst forecast in 3 Years (Charter Hall Long WALE REIT)||7.1%|
Notable Dividend: CLW's dividend (7.69%) is higher than the bottom 25% of dividend payers in the Australian market (2.8%).
High Dividend: CLW's dividend (7.69%) is in the top 25% of dividend payers in the Australian market (7.16%)
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 6 years.
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (84.4%), CLW's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (117.6%), CLW's dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Harrison (56 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 (3.3 years average tenure).
Experienced Board: CLW's board of directors are considered experienced (6.3 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
|16 Sep 22||BuyAU$59,786,555||The Vanguard Group, Inc.||Company||11,050,991||AU$5.42|
|15 Sep 22||SellAU$16,959,536||The Vanguard Group, Inc.||Company||3,170,615||AU$5.38|
|02 Aug 22||BuyAU$1,330||Macquarie Investment Management Limited||Company||818,104||AU$4.58|
|02 Aug 22||BuyAU$0||Macquarie Capital Investment Management LLC||Company||115,760||AU$4.52|
|02 Aug 22||BuyAU$0||MQ Specialist Investment Management Ltd.||Company||230,009||AU$4.52|
|02 Aug 22||SellAU$0||Macquarie Investment Management Limited||Company||858,916||AU$4.60|
|28 Jun 22||BuyAU$0||Macquarie Investment Management Limited||Company||100,154||AU$4.67|
|28 Jun 22||BuyAU$0||Macquarie Capital Investment Management LLC||Company||6,981||AU$4.64|
|28 Jun 22||SellAU$7,104||Macquarie Investment Management Limited||Company||15,183||AU$4.66|
|24 Jun 22||SellAU$12,529||Macquarie Capital Investment Management LLC||Company||2,803||AU$4.47|
|23 Jun 22||BuyAU$12,073||Macquarie Investment Management Limited||Company||23,287||AU$4.47|
|23 Jun 22||SellAU$30,488||Macquarie Investment Management Limited||Company||6,863||AU$4.46|
|23 Jun 22||SellAU$8,884||Macquarie Capital Investment Management LLC||Company||2,019||AU$4.40|
|22 Jun 22||BuyAU$4,859||Macquarie Investment Management Limited||Company||87,170||AU$4.40|
|22 Jun 22||SellAU$291,717||Macquarie Investment Management Limited||Company||106,429||AU$4.39|
|22 Jun 22||SellAU$141,709||Macquarie Capital Investment Management LLC||Company||32,803||AU$4.32|
|17 Jun 22||BuyAU$20,788||Macquarie Investment Management Limited||Company||4,972||AU$4.23|
|17 Jun 22||BuyAU$0||State Street Global Advisors, Inc.||Company||4,586,339||AU$5.39|
|17 Jun 22||SellAU$5,775,191||Macquarie Investment Management Limited||Company||1,358,901||AU$4.25|
|17 Jun 22||SellAU$0||Macquarie Capital Investment Management LLC||Company||1,354,170||AU$4.25|
|17 Jun 22||SellAU$95,565||State Street Global Advisors, Inc.||Company||865,487||AU$5.77|
|16 Jun 22||BuyAU$0||Macquarie Investment Management Limited||Company||2,501,703||AU$5.42|
|16 Jun 22||SellAU$0||Macquarie Investment Management Limited||Company||1,898,543||AU$5.42|
|16 Jun 22||SellAU$0||Macquarie Capital Investment Management LLC||Company||233,776||AU$5.39|
|31 May 22||BuyAU$0||Macquarie Capital Investment Management LLC||Company||951,670||AU$5.22|
|24 May 22||BuyAU$64,766,000||Pejr Investments Pty Ltd||Company||13,200,382||AU$4.91|
|17 May 22||SellAU$0||Macquarie Group, Ltd., Banking & Securities Investments||Company||4,685||AU$5.33|
|13 May 22||BuyAU$2,381||Macquarie Group, Ltd., Banking & Securities Investments||Company||452||AU$5.27|
|02 May 22||SellAU$8,075||MQ Specialist Investment Management Ltd.||Company||1,547||AU$5.22|
|11 Mar 22||BuyAU$219,152||State Street Global Advisors, Inc.||Company||3,125,319||AU$5.21|
|02 Dec 21||SellAU$9,330,977||BlackRock, Inc.||Company||1,645,602||AU$5.69|
|26 Nov 21||BuyAU$50,019||Carmel Hourigan||Individual||10,250||AU$4.88|
|22 Nov 21||BuyAU$919,600||David Harrison||Individual||190,000||AU$4.84|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.6%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
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
- Implied Market Cap: AU$2.870b
- Shares outstanding: 722.96m
- Website: https://www.charterhall.com.au
- Charter Hall Long WALE REIT
- No. 1 Martin Place
- Level 20
- New South Wales
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CLW||ASX (Australian Securities Exchange)||Yes||Stapled Security||AU||AUD||Oct 2016|
|CLW||CHIA (Chi-X Australia)||Yes||Stapled Security||AU||AUD||Oct 2016|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/01 00:00|
|End of Day Share Price||2022/09/30 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.