Cromwell Property Group Valuation

Is CMW undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • PM vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CMW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CMW (A$0.41) is trading below our estimate of fair value (A$0.91)

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


Key Valuation Metric

Which metric is best to use when looking at relative valuation for CMW?

Other financial metrics that can be useful for relative valuation.

CMW key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue7.6x
Enterprise Value/EBITDA17.8x
PEG Ration/a

Price to Sales Ratio vs Peers

How does CMW's PS Ratio compare to its peers?

The above table shows the PS ratio for CMW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5.9x
ABG Abacus Group
6.8x5.1%AU$960.7m
COF Centuria Office REIT
4.1x-2.1%AU$695.9m
GDI GDI Property Group
4.8x2.1%AU$327.2m
GDF Garda Property Group
7.8x-2.7%AU$252.5m
CMW Cromwell Property Group
3x4.4%AU$1.1b

Price-To-Sales vs Peers: CMW is good value based on its Price-To-Sales Ratio (3x) compared to the peer average (5.9x).


Price to Earnings Ratio vs Industry

How does CMW's PE Ratio compare vs other companies in the Global Office REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a65.4%
n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a65.4%
n/an/an/a
No more companies

Price-To-Sales vs Industry: CMW is good value based on its Price-To-Sales Ratio (3x) compared to the Global Office REITs industry average (5.4x).


Price to Sales Ratio vs Fair Ratio

What is CMW's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CMW PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3x
Fair PS Ratio6.9x

PM vs Fair Ratio: CMW is good value based on its Price-To-Sales Ratio (3x) compared to the estimated Fair Price-To-Sales Ratio (6.9x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CMW forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$0.41
AU$0.63
+56.4%
14.9%AU$0.70AU$0.50n/a3
Feb ’25AU$0.41
AU$0.63
+52.6%
14.9%AU$0.70AU$0.50n/a3
Jan ’25AU$0.42
AU$0.64
+53.2%
12.5%AU$0.70AU$0.53n/a3
Dec ’24AU$0.43
AU$0.64
+49.6%
12.5%AU$0.70AU$0.53n/a3
Nov ’24AU$0.33
AU$0.64
+97.9%
12.5%AU$0.70AU$0.53n/a3
Oct ’24AU$0.37
AU$0.72
+93.9%
15.4%AU$0.85AU$0.55n/a4
Sep ’24AU$0.47
AU$0.76
+62.2%
16.9%AU$0.88AU$0.55n/a4
Aug ’24AU$0.55
AU$0.80
+44.5%
13.5%AU$0.90AU$0.63n/a4
Jul ’24AU$0.54
AU$0.82
+54.2%
8.0%AU$0.90AU$0.75n/a4
Jun ’24AU$0.54
AU$0.82
+52.8%
8.0%AU$0.90AU$0.75n/a4
May ’24AU$0.57
AU$0.82
+44.7%
8.0%AU$0.90AU$0.75n/a4
Apr ’24AU$0.56
AU$0.82
+48.6%
8.0%AU$0.90AU$0.75n/a4
Mar ’24AU$0.68
AU$0.88
+29.4%
9.7%AU$0.99AU$0.75n/a4
Feb ’24AU$0.74
AU$0.92
+24.7%
7.9%AU$0.99AU$0.80AU$0.414
Jan ’24AU$0.67
AU$0.92
+37.7%
7.9%AU$0.99AU$0.80AU$0.424
Dec ’23AU$0.71
AU$0.94
+30.9%
8.7%AU$1.00AU$0.80AU$0.434
Nov ’23AU$0.72
AU$0.95
+30.8%
6.4%AU$1.00AU$0.85AU$0.334
Oct ’23AU$0.67
AU$0.95
+41.6%
6.4%AU$1.00AU$0.85AU$0.374
Sep ’23AU$0.79
AU$0.95
+20.1%
6.4%AU$1.00AU$0.85AU$0.474
Aug ’23AU$0.84
AU$0.97
+14.7%
9.0%AU$1.06AU$0.85AU$0.553
Jul ’23AU$0.76
AU$0.97
+28.3%
9.0%AU$1.06AU$0.85AU$0.543
Jun ’23AU$0.80
AU$0.99
+24.1%
9.8%AU$1.06AU$0.85AU$0.543
May ’23AU$0.85
AU$1.04
+21.2%
2.5%AU$1.06AU$1.00AU$0.573
Apr ’23AU$0.83
AU$1.04
+24.2%
2.5%AU$1.06AU$1.00AU$0.563
Mar ’23AU$0.87
AU$1.07
+22.7%
5.4%AU$1.16AU$1.00AU$0.684
Feb ’23AU$0.84
AU$1.07
+26.8%
5.5%AU$1.16AU$1.00AU$0.744

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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