CWP Stock Overview
Cedar Woods Properties Limited engages in property investment and development activities in Australia.
Cedar Woods Properties Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$3.92|
|52 Week High||AU$6.41|
|52 Week Low||AU$3.42|
|1 Month Change||-13.08%|
|3 Month Change||6.52%|
|1 Year Change||-35.74%|
|3 Year Change||-42.35%|
|5 Year Change||-24.90%|
|Change since IPO||460.00%|
Recent News & Updates
Cedar Woods Properties' (ASX:CWP) Shareholders Will Receive A Bigger Dividend Than Last Year
The board of Cedar Woods Properties Limited ( ASX:CWP ) has announced that it will be paying its dividend of A$0.145 on...
|CWP||AU Real Estate||AU Market|
Return vs Industry: CWP underperformed the Australian Real Estate industry which returned -18.7% over the past year.
Return vs Market: CWP underperformed the Australian Market which returned -10.6% over the past year.
|CWP Average Weekly Movement||6.4%|
|Real Estate Industry Average Movement||5.9%|
|Market Average Movement||9.6%|
|10% most volatile stocks in AU Market||16.8%|
|10% least volatile stocks in AU Market||4.2%|
Stable Share Price: CWP is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: CWP's weekly volatility (6%) has been stable over the past year.
About the Company
Cedar Woods Properties Limited engages in property investment and development activities in Australia. It is involved in the urban land subdivision and development of residential, commercial, and retail properties in Western Australia, South Australia, Victoria, and Queensland. The company’s property portfolio also includes medium and high-density apartments and townhouses.
Cedar Woods Properties Fundamentals Summary
|CWP fundamental statistics|
Is CWP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CWP income statement (TTM)|
|Cost of Revenue||AU$256.20m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.45|
|Net Profit Margin||11.23%|
How did CWP perform over the long term?See historical performance and comparison
7.0%Current Dividend Yield
Is CWP undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 6/6
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 CWP?
Other financial metrics that can be useful for relative valuation.
|What is CWP's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does CWP's PE Ratio compare to its peers?
|CWP PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
SDG Sunland Group
FRI Finbar Group
LIC Lifestyle Communities
CWP Cedar Woods Properties
Price-To-Earnings vs Peers: CWP is good value based on its Price-To-Earnings Ratio (8.6x) compared to the peer average (12.1x).
Price to Earnings Ratio vs Industry
How does CWP's PE Ratio compare vs other companies in the Oceanian Real Estate Industry?
Price-To-Earnings vs Industry: CWP is good value based on its Price-To-Earnings Ratio (8.6x) compared to the Oceanic Real Estate industry average (10.2x)
Price to Earnings Ratio vs Fair Ratio
What is CWP'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||8.6x|
|Fair PE Ratio||9.1x|
Price-To-Earnings vs Fair Ratio: CWP is good value based on its Price-To-Earnings Ratio (8.6x) compared to the estimated Fair Price-To-Earnings Ratio (9.1x).
Share Price vs Fair Value
What is the Fair Price of CWP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: CWP (A$3.92) is trading below our estimate of fair value (A$11.7)
Significantly Below Fair Value: CWP 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 more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is Cedar Woods Properties forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score2/6
Future Growth Score 2/6
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: CWP's forecast earnings growth (2.2% per year) is above the savings rate (1.8%).
Earnings vs Market: CWP's earnings (2.2% per year) are forecast to grow slower than the Australian market (6.7% per year).
High Growth Earnings: CWP's earnings are forecast to grow, but not significantly.
Revenue vs Market: CWP's revenue (4.3% per year) is forecast to grow faster than the Australian market (3.7% per year).
High Growth Revenue: CWP's revenue (4.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CWP's Return on Equity is forecast to be low in 3 years time (8.8%).
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How has Cedar Woods Properties performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CWP has high quality earnings.
Growing Profit Margin: CWP's current net profit margins (11.2%) are higher than last year (11%).
Past Earnings Growth Analysis
Earnings Trend: CWP's earnings have declined by 13.2% per year over the past 5 years.
Accelerating Growth: CWP's earnings growth over the past year (13.9%) exceeds its 5-year average (-13.2% per year).
Earnings vs Industry: CWP earnings growth over the past year (13.9%) underperformed the Real Estate industry 26.7%.
Return on Equity
High ROE: CWP's Return on Equity (8.9%) is considered low.
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How is Cedar Woods Properties's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: CWP's short term assets (A$232.6M) exceed its short term liabilities (A$158.7M).
Long Term Liabilities: CWP's short term assets (A$232.6M) exceed its long term liabilities (A$199.9M).
Debt to Equity History and Analysis
Debt Level: CWP's net debt to equity ratio (47%) is considered high.
Reducing Debt: CWP's debt to equity ratio has increased from 26.9% to 47.9% over the past 5 years.
Debt Coverage: CWP's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CWP's interest payments on its debt are well covered by EBIT (18.1x coverage).
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What is Cedar Woods Properties's current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Cedar Woods Properties Dividend Yield vs Market|
|Company (Cedar Woods Properties)||7.0%|
|Market Bottom 25% (AU)||2.8%|
|Market Top 25% (AU)||7.2%|
|Industry Average (Real Estate)||3.0%|
|Analyst forecast in 3 Years (Cedar Woods Properties)||7.6%|
Notable Dividend: CWP's dividend (7.02%) is higher than the bottom 25% of dividend payers in the Australian market (2.8%).
High Dividend: CWP's dividend (7.02%) is low compared to the top 25% of dividend payers in the Australian market (7.19%).
Stability and Growth of Payments
Stable Dividend: CWP's dividend payments have been volatile in the past 10 years.
Growing Dividend: CWP's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (60.2%), CWP's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: CWP is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Nathan John Blackburne, BB, AMP, GAID has been Managing Director of Cedar Woods Properties Limited since September 18, 2017. Mr. Blackburne served as the Chief Operating Officer of Cedar Woods Properti...
CEO Compensation Analysis
|Nathan Blackburne's Compensation vs Cedar Woods Properties Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||AU$1m||AU$733k|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||n/a||n/a|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||AU$983k||AU$736k|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||n/a||n/a|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||AU$1m||AU$737k|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||n/a||n/a|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||AU$997k||AU$652k|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||n/a||n/a|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||AU$803k||AU$512k|
|Mar 31 2018||n/a||n/a|
|Dec 31 2017||n/a||n/a|
|Sep 30 2017||n/a||n/a|
|Jun 30 2017||AU$583k||AU$410k|
|Mar 31 2017||n/a||n/a|
|Dec 31 2016||n/a||n/a|
|Sep 30 2016||n/a||n/a|
|Jun 30 2016||AU$528k||AU$391k|
Compensation vs Market: Nathan's total compensation ($USD851.15K) is above average for companies of similar size in the Australian market ($USD620.57K).
Compensation vs Earnings: Nathan's compensation has increased by more than 20% in the past year.
Experienced Management: CWP's management team is considered experienced (4.8 years average tenure).
Experienced Board: CWP's board of directors are considered experienced (5 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
|17 Jun 22||BuyAU$18,900||Paul Say||Individual||5,000||AU$3.78|
|16 Jun 22||BuyAU$3,640||Valerie Davies||Individual||1,000||AU$3.64|
|16 Jun 22||BuyAU$56,250||Paul Say||Individual||15,000||AU$3.75|
|14 Jun 22||BuyAU$20,006||Nathan Blackburne||Individual||5,335||AU$3.75|
|14 Jun 22||BuyAU$98,847||William Hames||Individual||26,150||AU$3.78|
|03 Jun 22||BuyAU$97,980||William Hames||Individual||23,000||AU$4.26|
|03 Jun 22||BuyAU$97,980||Joia Holdings Pty Ltd||Company||23,000||AU$4.26|
|06 May 22||BuyAU$19,928||Nathan Blackburne||Individual||4,700||AU$4.24|
|16 Mar 22||BuyAU$148,438||William Hames||Individual||31,250||AU$4.75|
|09 Mar 22||BuyAU$25,135||Nathan Blackburne||Individual||5,500||AU$4.57|
|08 Mar 22||BuyAU$201,240||William Hames||Individual||43,000||AU$4.68|
|23 Feb 22||BuyAU$15,026||Nathan Blackburne||Individual||3,079||AU$4.88|
|21 Feb 22||BuyAU$9,975||Nathan Blackburne||Individual||2,061||AU$4.84|
|22 Dec 21||BuyAU$36,586||Joia Holdings Pty Ltd||Company||6,903||AU$5.30|
|21 Dec 21||BuyAU$45,769||Valerie Davies||Individual||8,349||AU$5.48|
|15 Dec 21||BuyAU$67,772||Joia Holdings Pty Ltd||Company||12,791||AU$5.30|
|10 Dec 21||BuyAU$92,761||Joia Holdings Pty Ltd||Company||17,502||AU$5.30|
|28 Oct 21||BuyAU$16,473,950||AustralianSuper Pty. Ltd.||Company||2,193,602||AU$7.51|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Cedar Woods Properties Limited's employee growth, exchange listings and data sources
- Name: Cedar Woods Properties Limited
- Ticker: CWP
- Exchange: ASX
- Founded: 1987
- Industry: Real Estate Development
- Sector: Real Estate
- Implied Market Cap: AU$322.263m
- Shares outstanding: 82.21m
- Website: https://www.cedarwoods.com.au
Number of Employees
- Cedar Woods Properties Limited
- 50 Colin Street
- Ground Floor
- West Perth
- Western Australia
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CWP||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Sep 1994|
|CWP||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Sep 1994|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/28 00:00|
|End of Day Share Price||2022/09/28 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.