How does CDP's PE Ratio compare to its peers?

CDP is good value based on its Price-To-Earnings Ratio (49.6x) compared to the peer average (75.2x).

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

CDP is expensive based on its Price-To-Earnings Ratio (49.6x) compared to the Global Retail REITs industry average (20.7x).

What is CDP'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.

CDP is expensive based on its Price-To-Earnings Ratio (49.6x) compared to the estimated Fair Price-To-Earnings Ratio (33.2x).

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

CDP (A$4.67) is trading below our estimate of [[fair value]] (A$6.55)

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

Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine [[statistical confidence]] in agreement.

Carindale Property Trust (CHIA:CDP) - Stock Price, News & Analysis

CDP Stock Overview

Westfield Carindale is situated in an affluent quarter of Brisbane’s south-eastern suburbs approximately 12 kilometres from the CBD. More details

CDP fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	1/6
Financial Health	1/6
Dividends	3/6

Rewards

Trading at 28.7% below our estimate of its fair value

Earnings are forecast to grow 59.25% per year

Risk Analysis

Interest payments are not well covered by earnings

Shareholders have been diluted in the past year

Unstable dividend track record

Large one-off items impacting financial results

Carindale Property Trust Competitors

BWP Trust

ASX:BWP

AU$2.4b

Region Group

ASX:RGN

AU$2.5b

Charter Hall Retail REIT

ASX:CQR

AU$1.9b

HomeCo Daily Needs REIT

ASX:HDN

AU$2.5b

Price History & Performance

Summary of all time highs, changes and price drops for Carindale Property Trust
Historical stock prices
Current Share Price	AU$4.67
52 Week High	AU$4.77
52 Week Low	AU$3.89
Beta	0.77
11 Month Change	0.43%
3 Month Change	8.60%
1 Year Change	18.23%
33 Year Change	-1.06%
5 Year Change	-22.17%
Change since IPO	-19.55%

Recent updates

Shareholder Returns

	CDP	AU Retail REITs	AU Market
7D	0.6%	0.8%	1.5%
1Y	18.2%	21.9%	17.2%

Return vs Industry: CDP underperformed the Australian Retail REITs industry which returned 21.9% over the past year.

Return vs Market: CDP matched the Australian Market which returned 17.2% over the past year.

Price Volatility

Is CDP's price volatile compared to industry and market?
CDP volatility
CDP Average Weekly Movement	2.6%
Retail REITs Industry Average Movement	2.4%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	17.3%
10% least volatile stocks in AU Market	3.4%

Stable Share Price: CDP has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: CDP's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1996	n/a	Elliott Chaim Rusanow	www.carindalepropertytrust.com.au

Westfield Carindale is situated in an affluent quarter of Brisbane’s south-eastern suburbs approximately 12 kilometres from the CBD. The centre currently services a trade area population of nearly 700,000, and has a total accessible market of 1.4 million residents with the nearby Gateway Motorway offering convenient access to the centre. One of the city’s leading retail and lifestyle destinations, Westfield Carindale is home to many of Australia’s most well-known retailers including David Jones, Myer, Big W, Target, Coles, Woolworths, ALDI and Apple, as well as a host of premium fashion brands.

Carindale Property Trust Fundamentals Summary

How do Carindale Property Trust's earnings and revenue compare to its market cap?
CDP fundamental statistics
Market cap	AU$378.12m
Earnings (TTM)	AU$7.62m
Revenue (TTM)	AU$57.87m

49.6x

P/E Ratio

6.5x

P/S Ratio

Is CDP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CDP income statement (TTM)
Revenue	AU$57.87m
Cost of Revenue	AU$21.53m
Gross Profit	AU$36.34m
Other Expenses	AU$28.72m
Earnings	AU$7.62m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.094
Gross Margin	62.80%
Net Profit Margin	13.17%
Debt/Equity Ratio	42.5%

How did CDP perform over the long term?

See historical performance and comparison

Dividends

5.8%

Current Dividend Yield

20%

Payout Ratio

CDP Stock Overview

Rewards

Risk Analysis

Carindale Property Trust Competitors

ASX:BWP

AU$2.4b

ASX:RGN

AU$2.5b

ASX:CQR

AU$1.9b

ASX:HDN

AU$2.5b

Price History & Performance

Recent News & Updates

Carindale Property Trust Appoints Craig Douglas Mitchell as Director, Effective 14 October 2024

Full year 2024 earnings released: EPS: AU$0.098 (vs AU$0.11 in FY 2023)

Carindale Property Trust Announces Final Distribution for the Six-Month Period to 30 June 2024, Payable on August 30, 2024

First half 2024 earnings released: FFO per share: AU$0.2 (vs AU$0.18 in 1H 2023)

Carindale Property Trust Announces Estimated Dividend for the Period of Six Months Ending December 31, 2023, Payable on February 29, 2024

Now 21% undervalued after recent price drop

Recent updates

Carindale Property Trust Appoints Craig Douglas Mitchell as Director, Effective 14 October 2024

Full year 2024 earnings released: EPS: AU$0.098 (vs AU$0.11 in FY 2023)

Carindale Property Trust Announces Final Distribution for the Six-Month Period to 30 June 2024, Payable on August 30, 2024

First half 2024 earnings released: FFO per share: AU$0.2 (vs AU$0.18 in 1H 2023)

Carindale Property Trust Announces Estimated Dividend for the Period of Six Months Ending December 31, 2023, Payable on February 29, 2024

Now 21% undervalued after recent price drop

High number of new directors

Carindale Property Trust Announces Dividend for the Six Months Period Ended June 30, 2023, Payable on August 31, 2023

Full year 2023 earnings released: EPS: AU$0.11 (vs AU$0.93 in FY 2022)

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

Now 23% undervalued

First half 2023 earnings released: FFO per share: AU$0.2 (vs AU$0.18 in 1H 2022)

Upcoming dividend of AU$0.13 per share

Carindale Property Trust to Report First Half, 2023 Results on Feb 22, 2023

Carindale Property Trust Announces Dividend for the Period of Six Months Ended December 31, 2022, Payable on February 28, 2023

High number of new directors

High number of new directors

Carindale Property Trust Appoints Stephen Barry McCann as Director

Carindale Property Trust Announces Dividend Payment for the Six Months Ended June 30, 2022, Payable on 31 August, 2022

Carindale Property Trust to Report Fiscal Year 2022 Results on Aug 23, 2022

Carindale Property Trust Announces Dividend for the Period Ending June 30, 2022, Payable on August 31, 2022

High number of new directors

Carindale Property Trust Appoints Catherine Michelle Brenner as Director

First half 2022 earnings: EPS in line with analyst expectations despite revenue beat

Carindale Property Trust Provides Dividend Guidance for the Year Ending 30 June 2022

Full year 2021 earnings released: FFO AU$0.34 per share (vs AU$0.29 in FY 2020)

Upcoming Dividend of AU$0.12 Per Share

New 90-day high: AU$4.37

Carindale Property Trust Provides No Earnings Guidance for the Year Ending 30 June 2021

Earnings released

New 90-day low - AU$2.81

Carindale Property Trust to Report Fiscal Year 2020 Results on Aug 25, 2020

New 90-day low - AU$3.05

Shareholder Returns

Price Volatility

About the Company

Carindale Property Trust Fundamentals Summary

49.6x

6.5x

Earnings & Revenue

Dividends

5.8%

20%