Cedar Woods Properties Limited (CWP) AI Stock Analysis

• Market Cap: AU$601.50M
• Dividend Yield: 2.74%
• Average Volume (3M): 96.34K
• Price to Earnings (P/E): 11.4
• Beta (1Y): 0.67
• Revenue Growth: 32.36%
• EPS Growth: 109.17%
• Country: AU
• Employees: 99
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): 0.64
• Shares Outstanding: 82,510,620
• 10 Day Avg. Volume: 109,276
• 30 Day Avg. Volume: 96,341
• PEG Ratio: 0.72
• Price to Book (P/B): 1.21
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 14.63
• 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$7.68
• Price Target Upside: 5.35% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 76 Outperform
• Price Target: AU$8.00 ▲(9.74%Upside)

Cedar Woods Properties Limited has a strong overall stock performance driven primarily by robust technical indicators and a solid financial foundation. The valuation is attractive given the P/E ratio and dividend yield, although the absence of earnings call data limits further insights. The stock's upward momentum is a significant strength, balancing the slight revenue decline.

Positive Factors

Earnings Growth

The group's new capability from ventures with Tokyo Gas and QIC is expected to add some 25% to earnings on a 4-5 year view.

Financial Performance

The group guided to an NPAT of $36m - $39m at the end of April 2024 and came in with $40.5m with the aid of the sale of the investment property.

Negative Factors

Market Weakness

Weakness in other markets and some early phase projects partly offset the strong gross margin in WA.

Cedar Woods Properties Limited Business Overview & Revenue Model

Company Description

Cedar Woods Properties Limited (CWP) is a leading Australian property development company specializing in residential communities, apartments, and commercial properties. Established in 1987, the company operates across several states in Australia, including Western Australia, Victoria, Queensland, and South Australia. Cedar Woods is known for its strategic land acquisitions and development projects that focus on delivering high-quality and sustainable living environments.

How the Company Makes Money

Cedar Woods Properties Limited generates revenue primarily through the development and sale of residential and commercial properties. The company's key revenue streams include the sale of land lots, residential units, and commercial properties. Cedar Woods also earns income from its investment in joint ventures and strategic partnerships with other developers or financial institutions, which help to finance and deliver large-scale projects. Additionally, the company occasionally derives income from property leasing and management services. Significant factors contributing to Cedar Woods' earnings include its ability to secure strategic land positions, navigate regulatory environments effectively, and maintain a strong reputation for delivering quality developments on time and within budget.

Cedar Woods Properties Limited Financial Statement Overview

Summary

Overall, Cedar Woods Properties Limited presents a solid financial standing with strong profitability and cash flow metrics, balanced by moderate leverage and a stable equity position. The slight decline in revenue is a key area to monitor, but the company's operational efficiency and cash flow generation provide a favorable outlook for future growth and stability.

Income Statement

Cedar Woods Properties Limited exhibited a stable gross profit margin of 25.1% and a net profit margin of 10.4% for the latest fiscal year. While the revenue decreased slightly by 1.2% from the previous year, the company managed to maintain a healthy EBIT margin of 12.5% and an EBITDA margin of 18.1%. These figures demonstrate strong operational efficiency, although the revenue contraction indicates a potential area of concern.

Balance Sheet

The company's debt-to-equity ratio stands at 0.31, reflecting moderate leverage. The return on equity (ROE) is a robust 8.8%, indicating effective use of shareholder capital. However, the equity ratio of 62.0% suggests a strong equity base, providing financial stability. These metrics highlight a well-balanced financial structure, albeit with room for improvement in asset utilization.

Cash Flow

Cedar Woods Properties reported a significant free cash flow growth rate of 34.5%, with an operating cash flow to net income ratio of 0.77, suggesting efficient cash generation relative to net earnings. The free cash flow to net income ratio of 0.73 further underscores strong cash flow management, facilitating potential for future investments and debt reduction.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	459.01M	386.35M	392.46M	334.52M	302.60M	262.18M
Gross Profit	96.44M	95.71M	98.40M	97.88M	94.93M	76.47M
EBITDA	89.39M	70.19M	53.06M	57.39M	53.61M	34.98M
Net Income	52.86M	40.49M	31.64M	37.39M	32.83M	20.90M
Balance Sheet
Total Assets	778.77M	743.59M	783.40M	796.39M	651.80M	644.05M
Cash, Cash Equivalents and Short-Term Investments	3.36M	21.95M	6.80M	2.96M	5.39M	2.69M
Total Debt	190.84M	144.56M	278.27M	315.07M	214.02M	228.78M
Total Liabilities	315.95M	282.80M	352.30M	375.16M	251.44M	267.25M
Stockholders Equity	462.82M	460.79M	431.10M	421.22M	400.36M	376.80M
Cash Flow
Free Cash Flow	66.09M	29.49M	21.93M	-66.83M	40.00M	-17.99M
Operating Cash Flow	67.43M	31.21M	23.70M	-65.84M	41.59M	-16.76M
Investing Cash Flow	41.91M	49.60M	-2.32M	-703.00K	-321.00K	-606.00K
Financing Cash Flow	-112.94M	-65.67M	-17.54M	64.11M	-38.57M	6.61M

Cedar Woods Properties Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 7.29
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CWP, the sentiment is Positive. The current price of 7.29 is above the 20-day moving average (MA) of 6.86, above the 50-day MA of 6.49, and above the 200-day MA of 5.65, indicating a bullish trend. The MACD of 0.24 indicates Negative momentum. The RSI at 72.00 is Negative, neither overbought nor oversold. The STOCH value of 90.43 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:CWP.

Cedar Woods Properties Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CWP	76 Outperform	AU$601.50M	11.37	11.86%	2.74%	32.36%	109.17%
VCX	72 Outperform	$11.54B	14.11	7.73%	4.70%	1.97%	156.14%
Sector *	61 Neutral	AU$2.87B	8.16	4.17%	5.04%	17.25%	41.52%
GPT	58 Neutral	$9.58B	―	-1.94%	4.80%	8.59%	16.36%
MGR	55 Neutral	$8.95B	―	-6.29%	4.00%	22.66%	-3.80%
SCP	51 Neutral	AU$10.30M	―		―	―	―

Cedar Woods Properties Limited Corporate Events

Cedar Woods Expands with Mount Barker Development

Cedar Woods Properties Limited has announced a new growth opportunity in Mount Barker, which is expected to enhance its portfolio. This development is likely to strengthen Cedar Woods’ market position and could have positive implications for stakeholders by potentially increasing the company’s operational scale and market reach.

The most recent analyst rating on (AU:CWP) stock is a Buy with a A$6.50 price target. To see the full list of analyst forecasts on Cedar Woods Properties Limited stock, see the AU:CWP Stock Forecast page.

Cedar Woods Properties: Leveraging Market Conditions for Continued Growth

Cedar Woods Properties Limited is strategically positioned to capitalize on the current favorable market conditions and nationwide housing shortage. With a proven management team and a disciplined execution strategy, the company is poised to continue delivering value to its stakeholders through its diversified project portfolio.

Cedar Woods Properties Limited Third Quarter Update

Cedar Woods Properties Limited has released its third-quarter update, highlighting key aspects of its financial and portfolio performance. The company has observed certain market conditions that are influencing its outlook, although specific details on these conditions and their implications were not provided in the release.