Cromwell Property Group (ASX:CMW) is a diversified real estate investor and manager with operations on three continents and a global investor base.
Cromwell Property Group Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.81|
|52 Week High||AU$0.79|
|52 Week Low||AU$1.00|
|1 Month Change||-5.85%|
|3 Month Change||-7.47%|
|1 Year Change||-10.56%|
|3 Year Change||-21.08%|
|5 Year Change||-11.05%|
|Change since IPO||61.00%|
Recent News & Updates
|CMW||AU REITs||AU Market|
Return vs Industry: CMW underperformed the Australian REITs industry which returned 20.9% over the past year.
Return vs Market: CMW underperformed the Australian Market which returned 20.2% over the past year.
Stable Share Price: CMW is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: CMW's weekly volatility (4%) has been stable over the past year.
About the Company
Cromwell Property Group (ASX:CMW) is a diversified real estate investor and manager with operations on three continents and a global investor base. As at 30 June 2020, Cromwell had a market capitalisation of $2.4 billion, a direct property investment portfolio valued at $3.0 billion and total assets under management of $11.5 billion across Australia, New Zealand and Europe.
Cromwell Property Group Fundamentals Summary
|CMW fundamental statistics|
Is CMW overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CMW income statement (TTM)|
|Cost of Revenue||AU$88.90m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.12|
|Net Profit Margin||65.45%|
How did CMW perform over the long term?See historical performance and comparison
8.1%Current Dividend Yield
Is Cromwell Property Group 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: CMW (A$0.81) is trading below our estimate of fair value (A$1.38)
Significantly Below Fair Value: CMW is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CMW is good value based on its PE Ratio (6.8x) compared to the Australian REITs industry average (9.4x).
PE vs Market: CMW is good value based on its PE Ratio (6.8x) compared to the Australian market (19.8x).
Price to Earnings Growth Ratio
PEG Ratio: CMW's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: CMW is good value based on its PB Ratio (0.8x) compared to the AU REITs industry average (1.1x).
How is Cromwell Property Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CMW's earnings are forecast to decline over the next 3 years (-1.3% per year).
Earnings vs Market: CMW's earnings are forecast to decline over the next 3 years (-1.3% per year).
High Growth Earnings: CMW's earnings are forecast to decline over the next 3 years.
Revenue vs Market: CMW's revenue is expected to decline over the next 3 years (-2.8% per year).
High Growth Revenue: CMW's revenue is forecast to decline over the next 3 years (-2.8% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CMW's Return on Equity is forecast to be low in 3 years time (7.7%).
How has Cromwell Property Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CMW has a large one-off gain of A$90.9M impacting its June 30 2021 financial results.
Growing Profit Margin: CMW's current net profit margins (65.4%) are higher than last year (37.2%).
Past Earnings Growth Analysis
Earnings Trend: CMW's earnings have declined by 9.4% per year over the past 5 years.
Accelerating Growth: CMW's earnings growth over the past year (73.5%) exceeds its 5-year average (-9.4% per year).
Earnings vs Industry: CMW earnings growth over the past year (73.5%) underperformed the REITs industry 106.4%.
Return on Equity
High ROE: CMW's Return on Equity (11.6%) is considered low.
How is Cromwell Property Group's financial position?
Financial Position Analysis
Short Term Liabilities: CMW's short term assets (A$232.5M) exceed its short term liabilities (A$157.0M).
Long Term Liabilities: CMW's short term assets (A$232.5M) do not cover its long term liabilities (A$2.2B).
Debt to Equity History and Analysis
Debt Level: CMW's debt to equity ratio (81.4%) is considered high.
Reducing Debt: CMW's debt to equity ratio has reduced from 84.1% to 81.4% over the past 5 years.
Debt Coverage: CMW's debt is not well covered by operating cash flow (8.8%).
Interest Coverage: CMW's interest payments on its debt are well covered by EBIT (3.7x coverage).
What is Cromwell Property Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CMW's dividend (8.07%) is higher than the bottom 25% of dividend payers in the Australian market (2.27%).
High Dividend: CMW's dividend (8.07%) is in the top 25% of dividend payers in the Australian market (5.32%)
Stability and Growth of Payments
Stable Dividend: CMW's dividend payments have been volatile in the past 10 years.
Growing Dividend: CMW's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (59.4%), CMW's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CMW's dividends in 3 years are forecast to be covered by earnings (84.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Jonathan P. Callaghan has been Chief Executive Officer of Cromwell Property Group since October 5, 2021 and its Managing Director and Director since October 7, 2021. He was Chief Executive at Investa P...
Experienced Management: CMW's management team is considered experienced (3.3 years average tenure).
Experienced Board: CMW's board of directors are not considered experienced ( 0.6 years average tenure), which suggests a new board.
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.
Cromwell Property Group's employee growth, exchange listings and data sources
- Name: Cromwell Property Group
- Ticker: CMW
- Exchange: ASX
- Founded: 1970
- Industry: Office REITs
- Sector: Real Estate
- Market Cap: AU$2.107b
- Shares outstanding: 2.62b
- Website: https://www.cromwellpropertygroup.com
Number of Employees
- Cromwell Property Group
- 200 Mary Street
- Level 19
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/18 15:21|
|End of Day Share Price||2021/10/18 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.