Cromwell Property Group (DB:C4Q) - Stock Price, News & Analysis

C4Q 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.

About the company

C4Q fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	3/6
Past Performance	0/6
Financial Health	1/6
Dividends	3/6

Rewards

Trading at 45.5% below our estimate of its fair value

Earnings are forecast to grow 105.17% per year

Trading at good value compared to peers and industry

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 7.41% is not well covered by earnings

Volatile share price over the past 3 months

Cromwell Property Group Competitors

alstria office REIT-AG

XTRA:AOX

€614.3m

Hamborner REIT

XTRA:HABA

€543.4m

Brandywine Realty Trust

NYSE:BDN

US$732.6m

Zambal Spain Socimi

BME:YZBL

€710.1m

Price History & Performance

Summary of all time highs, changes and price drops for Cromwell Property Group
Historical stock prices
Current Share Price	AU$0.23
52 Week High	AU$0.35
52 Week Low	AU$0.18
Beta	0.92
1 Month Change	-8.48%
3 Month Change	-6.35%
1 Year Change	-33.49%
3 Year Change	-58.17%
5 Year Change	-66.91%
Change since IPO	-65.15%

Recent updates

Shareholder Returns

	C4Q	DE Office REITs	DE Market
7D	-7.5%	-1.2%	-1.5%
1Y	-33.5%	-14.5%	0.9%

Return vs Industry: C4Q underperformed the German Office REITs industry which returned -15.2% over the past year.

Return vs Market: C4Q underperformed the German Market which returned -0.4% over the past year.

Price Volatility

Is C4Q's price volatile compared to industry and market?
C4Q volatility
C4Q Average Weekly Movement	8.5%
Office REITs Industry Average Movement	3.2%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.0%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: C4Q has not had significant price volatility in the past 3 months.

Volatility Over Time: C4Q's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of German stocks.

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?
C4Q fundamental statistics
Market cap	€639.95m
Earnings (TTM)	-€350.43m
Revenue (TTM)	€204.78m

3.1x

P/S Ratio

-1.8x

P/E Ratio

Is C4Q overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
C4Q income statement (TTM)
Revenue	AU$339.40m
Cost of Revenue	AU$85.70m
Gross Profit	AU$253.70m
Other Expenses	AU$834.50m
Earnings	-AU$580.80m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

Aug 29, 2024

Earnings per share (EPS)	-0.22
Gross Margin	74.75%
Net Profit Margin	-171.13%
Debt/Equity Ratio	83.0%

How did C4Q perform over the long term?

See historical performance and comparison

Dividends

7.4%

Current Dividend Yield

-20%

Payout Ratio

C4Q Stock Overview

Rewards

Risk Analysis

Cromwell Property Group Competitors

XTRA:AOX

€614.3m

XTRA:HABA

€543.4m

NYSE:BDN

US$732.6m

BME:YZBL

€710.1m

Price History & Performance

Recent News & Updates

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)

New major risk - Revenue and earnings growth

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 minor risk - Share price stability

Recent updates

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)

New major risk - Revenue and earnings growth

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 minor risk - Share price stability

New major risk - Revenue and earnings growth

CEO, MD & Director recently bought €181k 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.

High number of new directors

Now 21% undervalued after recent price drop

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

Now 22% undervalued

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 €98k 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).

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: €0.50

Cromwell Property Group Appoints Brett Hinton as Acting Chief Financial Officer

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: €0.56

Cromwell Property Group (ASX:CMW) and IGIS Asset Management Co., Ltd completed the acquisition of Seven DHL logistics assets in Italy for €51 million.

Cromwell Property Group Approves Appointment of Directors

ARA Asset Management Limited cancelled the acquisition of an additional 22.02% stake in Cromwell Property Group (ASX:CMW).

Full year earnings released

Cromwell Property Group (ASX:CMW) and IGIS Asset Management Co., Ltd signed binding agreement to acquire Seven DHL logistics assets in Italy for €52.5 million.