Cromwell Property Group (CMW) AI Stock Analysis

• Market Cap: AU$1.26B
• Dividend Yield: 6.25%
• Average Volume (3M): 5.62M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.66
• Revenue Growth: -5.64%
• EPS Growth: 89.16%
• Country: AU
• Employees: 380
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Office
• EPS (TTM): 0.02
• Shares Outstanding: 2,618,866,700
• 10 Day Avg. Volume: 3,152,778
• 30 Day Avg. Volume: 5,616,856
• PEG Ratio: 0.44
• Price to Book (P/B): 0.61
• Price to Sales (P/S): 5.04
• P/FCF Ratio: 8.73
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: AU$0.49 ▲(1.04% Upside)

Cromwell Property Group's overall stock score reflects significant financial challenges, particularly in profitability and revenue growth. While technical indicators show some positive momentum, the negative valuation metrics weigh heavily on the score. The high dividend yield is a positive aspect, but it is overshadowed by broader financial difficulties.

Positive Factors

Strategic Industrial Acquisition

This acquisition aligns with Cromwell's strategy to expand its industrial growth and strengthen capital partnerships, enhancing market position and offering new opportunities for stakeholders.

Transformation Strategy

The divestment of non-core assets and exit from Europe reduces gearing, positioning Cromwell for sustainable growth and focusing on core markets, enhancing long-term value creation.

Cash Flow Management

Efficient cash generation relative to reported losses indicates strong cash flow management, supporting operational stability and potential for reinvestment in growth initiatives.

Negative Factors

Negative Revenue Growth

Negative revenue growth suggests challenges in maintaining market competitiveness and could impact long-term profitability and strategic investment capacity.

Profitability Issues

Ongoing profitability issues, reflected in negative net profit margins, highlight operational inefficiencies and could hinder long-term financial health and shareholder returns.

Negative Return on Equity

Negative ROE indicates challenges in value creation for shareholders, affecting investor confidence and potentially limiting access to capital for future growth.

Cromwell Property Group Business Overview & Revenue Model

Company Description

Cromwell Property Group (CMW) is a leading integrated real estate investment and property services firm based in Australia. The company operates across various sectors, including commercial, industrial, and retail properties, focusing on the acquisition, development, and management of high-quality assets. Cromwell offers a range of services, including property management, investment management, and funds management, catering to both institutional and retail investors.

How the Company Makes Money

Cromwell Property Group generates revenue through several key streams, primarily from rental income derived from its extensive portfolio of properties. The company leases commercial, industrial, and retail spaces to a diverse range of tenants, which provides a steady income flow. Additionally, Cromwell earns fees from its property management and investment management services, including leasing, maintenance, and asset management fees. Significant partnerships with institutional investors and funds also contribute to its earnings, as Cromwell manages various property funds that attract capital from both local and international investors. The company may also realize profits through property sales and development projects, further enhancing its revenue streams.

Cromwell Property Group Financial Statement Overview

Summary

Cromwell Property Group faces significant challenges, particularly in terms of profitability and revenue growth. While the company has managed to reduce its leverage and maintain a strong equity base, negative returns on equity and declining revenues are concerning. Cash flow metrics show some resilience, indicating potential for recovery if operational efficiencies can be improved.

Income Statement

Cromwell Property Group's income statement reveals significant challenges. The company has experienced declining revenue over the past few years, with a negative revenue growth rate of -2.16% in the latest year. Profitability metrics are concerning, with a negative net profit margin of -12.80% and a negative EBIT margin of -28.37%. These figures indicate operational inefficiencies and potential issues in cost management. The gross profit margin remains relatively strong at 82.45%, suggesting some resilience in core operations.

Balance Sheet

The balance sheet shows a moderate level of financial stability. The debt-to-equity ratio has improved to 0.46, indicating a reduction in leverage compared to previous years. However, the return on equity is negative at -1.55%, reflecting the company's inability to generate positive returns for shareholders. The equity ratio stands at 64.05%, suggesting a strong equity base relative to total assets, which provides some buffer against financial distress.

Cash Flow

Cash flow analysis indicates some positive trends. The free cash flow growth rate has rebounded to 69.10%, showing improved cash generation capabilities. The operating cash flow to net income ratio is 0.74, highlighting the company's ability to convert earnings into cash. The free cash flow to net income ratio is nearly 1, suggesting effective cash management despite negative net income.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	176.60M	176.60M	219.70M	349.50M	352.90M	361.40M
Gross Profit	145.60M	145.60M	182.00M	268.90M	280.10M	274.80M
EBITDA	121.30M	-45.90M	115.20M	-360.40M	365.60M	384.50M
Net Income	-58.60M	-22.60M	-541.10M	-443.80M	263.20M	308.20M
Balance Sheet
Total Assets	2.27B	2.27B	3.08B	4.22B	5.05B	5.01B
Cash, Cash Equivalents and Short-Term Investments	79.30M	79.30M	292.30M	113.90M	286.00M	142.30M
Total Debt	675.90M	675.90M	1.39B	1.82B	2.19B	2.19B
Total Liabilities	816.50M	816.50M	1.49B	2.00B	2.34B	2.34B
Stockholders Equity	1.45B	1.45B	1.59B	2.21B	2.71B	2.67B
Cash Flow
Free Cash Flow	102.00M	102.00M	108.10M	147.90M	174.80M	190.70M
Operating Cash Flow	102.60M	102.60M	113.00M	149.20M	175.60M	192.90M
Investing Cash Flow	384.40M	384.40M	602.10M	196.90M	126.30M	-60.50M
Financing Cash Flow	-720.60M	-720.60M	-519.30M	-521.40M	-150.60M	-176.60M

Cromwell Property Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.48
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• 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 Positive. The current price of 0.48 is above the 20-day moving average (MA) of 0.47, above the 50-day MA of 0.46, and above the 200-day MA of 0.41, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 55.09 is Neutral, neither overbought nor oversold. The STOCH value of 71.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:CMW.

Cromwell Property Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DXI	70 Outperform	AU$866.15M	10.29	7.99%	6.09%	-8.67%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
GDI	63 Neutral	AU$350.88M	9.85	5.37%	7.69%	17.85%	―
ABG	57 Neutral	AU$1.08B	40.20	1.70%	7.11%	4.69%	―
CMW	54 Neutral	AU$1.26B	-21.43	-9.33%	6.25%	-5.64%	89.16%
GOZ	53 Neutral	AU$1.90B	-15.25	-5.04%	8.12%	-0.33%	58.26%
COF	53 Neutral	AU$692.91M	-35.05	-1.91%	8.63%	-4.50%	88.28%

Cromwell Property Group Corporate Events

Cromwell Property Group Completes Strategic Industrial Acquisition

Cromwell Property Group has completed the acquisition of Terre Property Partners and a 19.9% interest in the Straits Real Estate Australian industrial portfolio. This move aligns with Cromwell’s strategy to expand its industrial growth and strengthen its capital partnerships, potentially enhancing its market position and offering new opportunities for stakeholders.

Cromwell Property Group Issues New Performance Rights

Cromwell Property Group has announced the issuance of 4,816,564 unquoted performance rights under its employee incentive scheme, set to expire on various dates. This move is part of the company’s strategy to align employee interests with corporate performance, potentially impacting its operational efficiency and market positioning.

Cromwell Property Group Announces Successful AGM Outcomes

Cromwell Property Group announced the results of its 2025 Annual General Meeting, where all resolutions, including the re-election of directors and the adoption of the remuneration report, were carried by poll. This outcome reinforces the company’s stable governance and strategic direction, which may positively impact its operations and stakeholder confidence.

Cromwell Property Group Advances Transformation Strategy with Key Divestments and New Initiatives

Cromwell Property Group announced significant progress in its transformation strategy during the 2025 financial year, including the divestment of $1.6 billion in non-core assets and a complete exit from its European platform. These actions have reduced group gearing and positioned the company for sustainable growth. The company also welcomed Brookfield as a new major shareholder, following the exit of ESR. Cromwell’s growth strategy focuses on core markets and sectors, with initiatives such as the office development in Barton, ACT, and the conditional acquisition of the Straits Industrial Portfolio, marking important steps in strengthening its investment management business.

Cromwell Property Group Expands AUM with Strategic Industrial Acquisition

Cromwell Property Group has entered into agreements to acquire a 19.9% interest in Straits Real Estate’s Australian industrial portfolio for AUD 47.6 million, along with the purchase of Terre Property Partners for AUD 2.0 million. This acquisition adds approximately AUD 540 million to Cromwell’s assets under management, enhancing its platform capabilities and supporting its strategy to grow its investment management business. The transaction, executed in two phases, aligns with Cromwell’s strategy to reposition as a capital-light investment manager and strengthens its presence in the industrial and logistics sector, creating new opportunities for long-term value creation.

Cromwell Property Group Updates Director’s Securities Holdings

Cromwell Property Group announced a change in the director’s interest, specifically involving the acquisition and disposal of securities. The director, Jonathan Callaghan, acquired 686,039 stapled securities and disposed of 1,083,078 performance rights. This change is part of the company’s Stapled Security Incentive Plan, which ties incentives to the company’s financial performance, potentially impacting shareholder value and director alignment with company goals.

Cromwell Property Group Announces 2025 Annual General Meeting

Cromwell Property Group has announced its Notice of Annual General Meeting for 2025, providing necessary documents such as a sample Proxy Form and Online Guide. This announcement is part of the company’s ongoing efforts to maintain transparency and engage with its stakeholders, reflecting its commitment to effective governance and investor relations.

Cromwell Property Group to Wind Up Direct Property Fund

Cromwell Property Group announced that Cromwell Funds Management Limited will begin the process of realizing the assets of the Cromwell Direct Property Fund and winding up the fund following a recent liquidity event. The net proceeds from this process will be distributed progressively, although it is not expected to materially impact Cromwell’s FY26 operating earnings, with no changes to the FY26 distribution guidance.

Cromwell Property Group Announces New Dividend Distribution

Cromwell Property Group has announced a new dividend distribution of AUD 0.0075 per fully paid ordinary/unit stapled security, with an ex-date of September 29, 2025, and a payment date set for November 14, 2025. This announcement reflects the company’s ongoing commitment to providing returns to its investors and may influence its market positioning by demonstrating financial stability and shareholder value.