Cromwell Property Group (CHIA:CMW) - Stock Price, News & Analysis

CMW Stock Overview

Cromwell Property Group (ASX:CMW) is a real estate investor and fund manager with operations on three continents and a global investor base. More details

CMW fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	4/6
Past Performance	0/6
Financial Health	1/6
Dividends	3/6

Rewards

Earnings are forecast to grow 45.93% per year

Trading at good value compared to peers and industry

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 7.79% is not well covered by earnings

Cromwell Property Group Competitors

Abacus Group

ASX:ABG

AU$1.1b

Centuria Office REIT

ASX:COF

AU$701.9m

Australian Unity Office Fund

ASX:AOF

AU$174.2m

GDI Property Group

ASX:GDI

AU$317.1m

Price History & Performance

Summary of all time highs, changes and price drops for Cromwell Property Group
Historical stock prices
Current Share Price	AU$0.39
52 Week High	AU$0.47
52 Week Low	AU$0.36
Beta	1.03
11 Month Change	-12.50%
3 Month Change	-7.23%
1 Year Change	-4.94%
33 Year Change	-55.23%
5 Year Change	-69.08%
Change since IPO	-60.51%

Recent updates

Shareholder Returns

	CMW	AU Office REITs	AU Market
7D	0%	-1.8%	0.9%
1Y	-4.9%	-0.5%	17.7%

Return vs Industry: CMW underperformed the Australian Office REITs industry which returned 0.7% over the past year.

Return vs Market: CMW underperformed the Australian Market which returned 17.2% over the past year.

Price Volatility

Is CMW's price volatile compared to industry and market?
CMW volatility
CMW Average Weekly Movement	4.5%
Office REITs Industry Average Movement	3.7%
Market Average Movement	8.5%
10% most volatile stocks in AU Market	17.2%
10% least volatile stocks in AU Market	3.3%

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

Volatility Over Time: CMW's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	n/a	Jonathan P. Callaghan	www.cromwellpropertygroup.com

Cromwell Property Group (ASX:CMW) is a real estate investor and fund manager with operations on three continents and a global investor base. Cromwell is included in the S&P/ASX200. As at 30 June 2022, Cromwell had a market capitalisation of $2.0 billion, an Australian investment portfolio valued at $3.0 billion and total assets under management of $12.0 billion across Australia, New Zealand and Europe.

Cromwell Property Group Fundamentals Summary

How do Cromwell Property Group's earnings and revenue compare to its market cap?
CMW fundamental statistics
Market cap	AU$1.01b
Earnings (TTM)	-AU$280.30m
Revenue (TTM)	AU$219.70m

4.6x

P/S Ratio

-3.6x

P/E Ratio

Is CMW overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CMW income statement (TTM)
Revenue	AU$219.70m
Cost of Revenue	AU$37.70m
Gross Profit	AU$182.00m
Other Expenses	AU$462.30m
Earnings	-AU$280.30m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.11
Gross Margin	82.84%
Net Profit Margin	-127.58%
Debt/Equity Ratio	88.1%

How did CMW perform over the long term?

See historical performance and comparison

Dividends

7.8%

Current Dividend Yield

-29%

Payout Ratio

CMW Stock Overview

Rewards

Risk Analysis

Cromwell Property Group Competitors

ASX:ABG

AU$1.1b

ASX:COF

AU$701.9m

ASX:AOF

AU$174.2m

ASX:GDI

AU$317.1m

Price History & Performance

Recent News & Updates

CEO, MD & Director recently bought AU$303k worth of stock

Fourth quarter dividend reduced to AU$0.0075

Now 20% overvalued

New major risk - Revenue and earnings growth

Full year 2024 earnings released: AU$0.11 loss per share (vs AU$0.084 loss in FY 2023)

Insufficient new directors

Recent updates

CEO, MD & Director recently bought AU$303k worth of stock

Fourth quarter dividend reduced to AU$0.0075

Now 20% overvalued

New major risk - Revenue and earnings growth

Full year 2024 earnings released: AU$0.11 loss per share (vs AU$0.084 loss in FY 2023)

Insufficient new directors

New major risk - Revenue and earnings growth

Now 23% undervalued

Dividend of AU$0.0075 announced

First half 2024 earnings released: AU$0.08 loss per share (vs AU$0.027 loss in 1H 2023)

Cromwell Property Group to Promote Michelle Dance as Chief Financial Officer, Effective from 1 January 2024

Cromwell Property Group to Report Fiscal Year 2024 Results on Aug 29, 2024

New major risk - Revenue and earnings growth

CEO, MD & Director recently bought AU$297k worth of stock

Cromwell Property Group Announces Dividend for the Quarter Ending September 30, 2023, Payable on November 17, 2023

Full year 2023 earnings released: AU$0.17 loss per share (vs AU$0.10 profit in FY 2022)

Cromwell Property Group (ASX:CMW) agreed to acquire Australian Unity Property Limited from Australian Unity Limited for AUD 17 million.

First half 2023 earnings released: AU$0.049 loss per share (vs AU$0.051 profit in 1H 2022)

Cromwell Property Group (ASX:CMW) and JPMorgan Asset Management (Europe) S.à r.l., Frankfurt Branch acquired Panattoni Park Hamburg from Panattoni Germany Properties GmbH.

Upcoming dividend of AU$0.014 per share

Cromwell Property Group to Report Fiscal Year 2023 Results on Aug 31, 2023

Cromwell Property Group Appoints Lara Young as its Head of Environmental, Social, and Governance

Cromwell Property Group Announces Dividend for the Quarter Ending December 31, 2022 Payable on February 17, 2023

High number of new directors

Cromwell Property Group (ASX:CMW) acquired Five logistics assets in Nordics.

Anglicare Youth And Family Services agreed to acquire 50% LDK Healthcare Pty Ltd from Cromwell Property Group (ASX:CMW).

Cromwell Property Group Announces Dividend for the Quarter Ended September 30, 2022, Payable on November 18, 2022

Full year 2022 earnings released: EPS: AU$0.10 (vs AU$0.12 in FY 2021)

Cromwell Property Group Provides Dividend Guidance for the Quarter Ending September 2022

Cromwell Property Group Announces Ordinary Dividend for the Quarter Ending June 30, 2022, Payable on August 19, 2022

Key Executive recently bought AU$146k worth of stock

CapMan Nordic Real Estate III managed by CapMan Real Estate Oy acquired Portfolio of four office properties from The Goldman Sachs Group, Inc. (NYSE:GS) and Cromwell Property Group (ASX:CMW).

Wingate entered into an agreement to acquire Cromwell House at 200 Mary Street from Cromwell Property Group (ASX:CMW) for approximately AUD 110 million.

Wingate entered into an agreement to acquire Cromwell House at 200 Mary Street from Cromwell Property Group (ASX:CMW) for approximately AUD 110 million.

High number of new and inexperienced directors

Cromwell Direct Property Fund, managed by Cromwell Property Group (ASX:CMW) acquired Chesser House located at 95 Grenfell Street, Adelaide for AUD 81.35 million.

Cromwell Property Reportedly in Talks with AMP to Buy Collimate

First half 2022 earnings: EPS in line with expectations, revenues disappoint

Cromwell Property Group Provides Dividend Guidance for the March 2022 Quarter

Australian Unity Office Fund Reportedly Eyes Asset Sales

Upcoming dividend of AU$0.016 per share

An unknown buyer acquired Slough Business Park Ltd from Cromwell Property Group (ASX:CMW) and Catella APAM Ltd for £28.1 million.

Full year 2021 earnings released: EPS AU$0.12 (vs AU$0.068 in FY 2020)

Castlerock Property Pty Ltd acquired Icon building in the Ipswich from Cromwell Property Group (ASX:CMW).

Cromwell Property Group Announces Ordinary Dividend for A Period of One Quarter Ended March 31, 2021

Cromwell Property Group Announces Board Changes

Independent Non-Executive Chairperson of the Board has left the company

Cromwell Property Group Announces Board Appointments

Elite Finland Value Added Fund Ii Ky managed by EAB Group Oyj (HLSE:EAB) acquired Light Industrial Portfolio in Finland in Finland from Cromwell Property Group (ASX:CMW).

New 90-day low: AU$0.79

First half 2021 earnings released: EPS AU$0.056 (vs AU$0.088 in 1H 2020)

Cromwell Property Group to Report Fiscal Year 2021 Results on Aug 26, 2021

New 90-day low: AU$0.84

Cromwell Property Group Appoints Brett Hinton as Acting Chief Financial Officer

New 90-day low: AU$0.86

Cromwell Property Group Announces Management Changes

Cromwell Property Group Appoints Darren Downs as Head of Separate Accounts

CTP Invest, spol. s r. o. acquired Portfolio of 12 buildings within CTPark Bucharest from Cromwell Property Group (ASX:CMW).

New 90-day high: AU$0.92