Cromwell Property Group (CMW) AI Stock Analysis

• Market Cap: AU$916.60M
• Dividend Yield: 8.82%
• Average Volume (3M): 16.40M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.89
• Revenue Growth: -52.49%
• EPS Growth: 47.09%
• Country: AU
• Employees: 380
• Sector: Real Estate
• Sector Strength: 57
• Industry: REIT - Office
• EPS (TTM): -0.01
• Shares Outstanding: 2,618,866,700
• 10 Day Avg. Volume: 5,823,963
• 30 Day Avg. Volume: 16,400,040
• PEG Ratio: -0.50
• Price to Book (P/B): -78.48
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 19.63
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$0.45
• Price Target Upside: 28.57% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 47 Neutral
• Price Target: AU$0.50 ▲(42.86%Upside)

The overall stock score reflects the significant challenges faced by Cromwell Property Group. The financial performance is under pressure due to declining revenues and high leverage, while technical indicators point to bearish momentum. The valuation is unattractive due to negative earnings, although the high dividend yield provides some appeal. Strategic improvements are necessary to enhance financial stability and investor confidence.

Cromwell Property Group Business Overview & Revenue Model

Company Description

Cromwell Property Group (ASX:CMW) is a diversified real estate investor and manager with operations on three continents and a global investor base. As at 30 June 2020, Cromwell had a market capitalisation of $2.4 billion, a direct property investment portfolio valued at $3.0 billion and total assets under management of $11.5 billion across Australia, New Zealand and Europe.

How the Company Makes Money

Cromwell Property Group makes money primarily through rental income from its portfolio of diversified real estate assets, comprising office, retail, industrial, and healthcare properties. The company also generates revenue by managing real estate funds for institutional and retail investors, earning management fees based on the size and performance of these funds. Additionally, Cromwell provides property management and leasing services, further contributing to its income. Strategic partnerships and joint ventures in various markets enhance its investment capabilities and revenue potential. The diversification of asset types and geographic locations helps mitigate risks and offers stable, long-term returns for shareholders.

Cromwell Property Group Financial Statement Overview

Summary

Cromwell Property Group faces challenges with declining revenue and profitability, as reflected in the income statement. The balance sheet shows a solid equity base but high leverage. Despite positive cash flow generation, inconsistency in cash flow growth suggests operational volatility. Strategic measures are needed to improve revenue and profitability while managing debt levels.

Income Statement

The income statement shows a concerning trend with declining total revenue from 2020 to 2024 and negative net income in recent years. Gross profit margin is relatively strong, but the net profit margin is negative due to substantial losses. The revenue growth rate is negative, indicating a downturn in the company's top-line performance.

Balance Sheet

The balance sheet reveals a strong equity position relative to total assets, with an improving equity ratio over time. However, the debt-to-equity ratio is significant, indicating reliance on debt financing. The return on equity is negative in the latest period due to net losses, posing a risk to financial stability.

Cash Flow

Cash flow analysis shows positive free cash flow, suggesting operational efficiency in generating cash. The operating cash flow to net income ratio indicates better cash generation than reported net income. However, free cash flow growth has been inconsistent, reflecting volatility in cash management.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	180.50M	219.70M	349.50M	352.90M	361.40M	408.20M
Gross Profit	152.00M	182.00M	268.90M	280.10M	274.80M	336.20M
EBITDA	125.80M	115.20M	-360.40M	160.10M	165.90M	262.40M
Net Income	-288.80M	-541.10M	-443.80M	263.20M	308.20M	181.10M
Balance Sheet
Total Assets	2.87B	3.08B	4.22B	5.05B	5.01B	4.98B
Cash, Cash Equivalents and Short-Term Investments	658.20M	292.30M	113.90M	286.00M	142.30M	194.10M
Total Debt	1.29B	1.39B	1.82B	2.19B	2.19B	2.19B
Total Liabilities	1.38B	1.49B	2.00B	2.34B	2.34B	2.40B
Stockholders Equity	1.49B	1.59B	2.21B	2.71B	2.67B	2.58B
Cash Flow
Free Cash Flow	101.30M	108.10M	147.90M	174.80M	190.70M	199.60M
Operating Cash Flow	102.60M	113.00M	149.20M	175.60M	192.90M	201.30M
Investing Cash Flow	975.70M	602.10M	196.90M	126.30M	-60.50M	-1.13B
Financing Cash Flow	-604.20M	-519.30M	-521.40M	-150.60M	-176.60M	1.03B

Cromwell Property Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.35
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CMW, the sentiment is Negative. The current price of 0.35 is above the 20-day moving average (MA) of 0.35, below the 50-day MA of 0.36, and below the 200-day MA of 0.37, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 43.58 is Neutral, neither overbought nor oversold. The STOCH value of 41.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CMW.

Cromwell Property Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	66 Neutral	$1.95B	17.40	2.40%	5.26%	-0.31%	5.93%
CMW	47 Neutral	AU$916.60M	―	-12.54%	8.82%	-52.49%	47.09%
CNRAF		$7.52B	12.89	7.73%	4.97%	―	―
CTOUF		$5.93B	306.27	1.03%	1.44%	―	―
DEXSF		$4.78B	―	-9.22%	3.51%	―	―
GPTGF		$6.22B	―	-1.94%	4.92%	―	―
STGPF		$12.51B	18.07	5.94%	4.66%	―	―

Cromwell Property Group Corporate Events

Cromwell Property Group Announces New Dividend Distribution

Cromwell Property Group announced a new dividend distribution of AUD 0.0075 per fully paid ordinary/unit stapled security, with an ex-date of June 27, 2025, and a payment date set for August 15, 2025. This announcement reflects the company’s ongoing commitment to providing returns to its investors and may impact its market positioning by reinforcing investor confidence in its financial stability.

The most recent analyst rating on (AU:CMW) stock is a Hold with a A$0.46 price target. To see the full list of analyst forecasts on Cromwell Property Group stock, see the AU:CMW Stock Forecast page.

Goldman Sachs Exits Substantial Shareholding in Cromwell Property Group

Goldman Sachs Group, Inc. has ceased to be a substantial shareholder in Cromwell Property Group as of May 26, 2025. This change in shareholding may impact Cromwell’s market dynamics and investor relations, as Goldman Sachs’ exit could influence other stakeholders’ perceptions and decisions regarding the company’s stock.

The most recent analyst rating on (AU:CMW) stock is a Hold with a A$0.46 price target. To see the full list of analyst forecasts on Cromwell Property Group stock, see the AU:CMW Stock Forecast page.

Cromwell Property Group Sees Shift in Substantial Holder Interests

Cromwell Property Group has experienced a significant change in its substantial holders’ interests, with a reduction in voting power from 30.705% to 19.89%. This change is due to the disposal of ordinary stapled securities by MEGA EquityCo and associated entities, impacting the company’s ownership structure and potentially influencing its strategic direction.

The most recent analyst rating on (AU:CMW) stock is a Hold with a A$0.46 price target. To see the full list of analyst forecasts on Cromwell Property Group stock, see the AU:CMW Stock Forecast page.

Goldman Sachs Underwrites Major Sale in Cromwell Property Group

Goldman Sachs Australia Pty Ltd has underwritten the sale of 282,837,603 existing ordinary stapled securities in Cromwell Property Group, resulting in Goldman Sachs obtaining a 9.9% interest in these securities. This transaction, part of Goldman Sachs’ routine financial services activities, will see the firm relinquish its interest following the settlement of the sale, scheduled for 26 May 2025.

The most recent analyst rating on (AU:CMW) stock is a Hold with a A$0.46 price target. To see the full list of analyst forecasts on Cromwell Property Group stock, see the AU:CMW Stock Forecast page.

ESR Reduces Stake in Cromwell Property Group

ESR Group has reduced its ownership in Cromwell Property Group by selling a 10.8% stake as part of its strategy to simplify its business through non-core divestments. Despite the sale, ESR remains the largest securityholder in Cromwell with a 19.9% stake, indicating continued confidence in Cromwell’s future prospects.

The most recent analyst rating on (AU:CMW) stock is a Hold with a A$0.46 price target. To see the full list of analyst forecasts on Cromwell Property Group stock, see the AU:CMW Stock Forecast page.

Cromwell Property Group Announces Registry Office Relocation

Cromwell Property Group has announced a change in the address of its registry office, MUFG Corporate Markets (AU) Limited, effective from 14 April 2025. The move to Liberty Place in Sydney aims to streamline operations, requiring all documentation to be lodged at the new address, potentially impacting stakeholders who interact with the registry.