ASX:CWP

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Cedar Woods Properties

Executive Summary

Cedar Woods Properties Limited engages in property investment and development activities in Australia. More Details


Snowflake Analysis

Good value with reasonable growth potential and pays a dividend.

Share Price & News

How has Cedar Woods Properties's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CWP has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.0%

CWP

-3.5%

AU Real Estate

-3.9%

AU Market


1 Year Return

-18.0%

CWP

-29.6%

AU Real Estate

-9.6%

AU Market

Return vs Industry: CWP exceeded the Australian Real Estate industry which returned -28.9% over the past year.

Return vs Market: CWP underperformed the Australian Market which returned -9.2% over the past year.


Shareholder returns

CWPIndustryMarket
7 Day2.0%-3.5%-3.9%
30 Day-0.2%6.6%1.8%
90 Day12.8%8.6%1.7%
1 Year-14.7%-18.0%-28.0%-29.6%-6.4%-9.6%
3 Year12.8%-1.9%-13.5%-20.9%12.3%-1.9%
5 Year80.4%40.0%21.8%1.9%40.0%11.3%

Price Volatility Vs. Market

How volatile is Cedar Woods Properties's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Cedar Woods Properties undervalued compared to its fair value and its price relative to the market?

33.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CWP (A$5.74) is trading below our estimate of fair value (A$8.61)

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


Price To Earnings Ratio

PE vs Industry: CWP is good value based on its PE Ratio (22.1x) compared to the AU Real Estate industry average (22.9x).

PE vs Market: CWP is poor value based on its PE Ratio (22.1x) compared to the Australian market (20.8x).


Price to Earnings Growth Ratio

PEG Ratio: CWP is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: CWP is overvalued based on its PB Ratio (1.2x) compared to the AU Real Estate industry average (0.9x).


Next Steps

Future Growth

How is Cedar Woods Properties forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

22.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CWP's forecast earnings growth (22.7% per year) is above the savings rate (2.3%).

Earnings vs Market: CWP's earnings (22.7% per year) are forecast to grow faster than the Australian market (18.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CWP's revenue (11.2% per year) is forecast to grow faster than the Australian market (5% per year).

High Growth Revenue: CWP's revenue (11.2% 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 (9.9%).


Next Steps

  • Explore growth companies in the Real Estate industry.

Past Performance

How has Cedar Woods Properties performed over the past 5 years?

-3.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CWP has high quality earnings.

Growing Profit Margin: CWP's current net profit margins (8%) are lower than last year (13%).


Past Earnings Growth Analysis

Earnings Trend: CWP's earnings have declined by 3.7% per year over the past 5 years.

Accelerating Growth: CWP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CWP had negative earnings growth (-56.9%) over the past year, making it difficult to compare to the Real Estate industry average (-39.6%).


Return on Equity

High ROE: CWP's Return on Equity (5.5%) is considered low.


Next Steps

Financial Health

How is Cedar Woods Properties's financial position?


Financial Position Analysis

Short Term Liabilities: CWP's short term assets (A$176.6M) exceed its short term liabilities (A$64.1M).

Long Term Liabilities: CWP's short term assets (A$176.6M) do not cover its long term liabilities (A$203.9M).


Debt to Equity History and Analysis

Debt Level: CWP's debt to equity ratio (38.4%) is considered satisfactory.

Reducing Debt: CWP's debt to equity ratio has increased from 10.8% to 38.4% 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 (13.8x coverage).


Balance Sheet


Next Steps

Dividend

What is Cedar Woods Properties's current dividend yield, its reliability and sustainability?

2.26%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CWP's dividend (2.26%) is higher than the bottom 25% of dividend payers in the Australian market (2.17%).

High Dividend: CWP's dividend (2.26%) is low compared to the top 25% of dividend payers in the Australian market (5.52%).


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.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (73.1%), CWP's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CWP's dividends in 3 years are forecast to be covered by earnings (51.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

Nathan Blackburne

3.08yrs

Tenure

AU$972,752

Compensation

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

Compensation vs Market: Nathan's total compensation ($USD682.25K) is about average for companies of similar size in the Australian market ($USD724.04K).

Compensation vs Earnings: Nathan's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
William Hames
Founder & Chairmanno dataAU$174.00k4.04%
A$ 18.1m
Nathan Blackburne
MD & Executive Director3.08yrsAU$972.75k0.10%
A$ 467.6k
Leon Hanrahan
Chief Financial Officer2.33yrsAU$364.06k0.016%
A$ 71.2k
Patrick Archer
Chief Operating Officer2.92yrsAU$526.45k0.037%
A$ 167.6k
Paul Freedman
Company Secretary22.75yrsAU$237.55k0.091%
A$ 405.8k
Jimmy Lee
Chief Information Officer0.25yrno datano data
Ben Rosser
State Manager of Western Australia5.25yrsAU$391.52kno data

3.0yrs

Average Tenure

Experienced Management: CWP's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
William Hames
Founder & Chairmanno dataAU$174.00k4.04%
A$ 18.1m
Nathan Blackburne
MD & Executive Director3.08yrsAU$972.75k0.10%
A$ 467.6k
Valerie Davies
Independent Non-Executive Director5.08yrsAU$109.00k0.020%
A$ 87.9k
Robert Brown
Deputy Chairmanno dataAU$152.00k0.0037%
A$ 16.7k
Ronald Packer
Independent Non-Executive Director14.33yrsAU$94.00k0.21%
A$ 935.0k
Jane Muirsmith
Independent Non-Executive Director3yrsAU$109.00k0.013%
A$ 59.8k

4.1yrs

Average Tenure

Experienced Board: CWP's board of directors are considered experienced (4.1 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Cedar Woods Properties Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Cedar Woods Properties Limited
  • Ticker: CWP
  • Exchange: ASX
  • Founded: 1987
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: AU$448.280m
  • Shares outstanding: 80.48m
  • Website: https://www.cedarwoods.com.au

Number of Employees


Location

  • Cedar Woods Properties Limited
  • 50 Colin Street
  • Ground Floor
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CWPASX (Australian Securities Exchange)YesOrdinary SharesAUAUDSep 1994
CWPCHIA (Chi-X Australia)YesOrdinary SharesAUAUDSep 1994

Biography

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 pr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 10:33
End of Day Share Price2020/10/30 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.