Cedar Woods Properties Limited (CWP) AI Stock Analysis

• Market Cap: AU$691.67M
• Dividend Yield: 3.32%
• Average Volume (3M): 303.77K
• Price to Earnings (P/E): 9.3
• Beta (1Y): 0.79
• Revenue Growth: 14.95%
• EPS Growth: 18.79%
• Country: AU
• Employees: 99
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): 0.47
• Shares Outstanding: 85,075,750
• 10 Day Avg. Volume: 211,088
• 30 Day Avg. Volume: 303,768
• PEG Ratio: 0.66
• Price to Book (P/B): 1.20
• Price to Sales (P/S): 1.26
• P/FCF Ratio: 17.27
• 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$9.95
• Price Target Upside: 13.97% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 0.73
• Revenue Forecast (FY): AU$506.45M

• Rating: 69 Neutral
• Price Target: AU$8.00 ▼(-8.36% Downside)
• Action: Downgraded Date: 10/24/25
• Date: Action: Downgraded 10/24/25

Cedar Woods Properties Limited demonstrates strong financial performance with robust revenue growth and a solid balance sheet. The technical analysis indicates bullish momentum, though caution is advised due to overbought signals. The valuation is reasonable with an attractive dividend yield, making it appealing for income investors.

Positive Factors

Healthy balance sheet and low leverage

Low leverage (debt/equity 0.28) and a strong equity ratio (57%) provide durable financial flexibility for staged developments. This capital structure reduces refinancing risk, supports land acquisitions and approvals, and helps the firm fund projects through cycles without over-reliance on external debt.

Consistent revenue growth with improving margins

Sustained top-line growth alongside gross margin expansion indicates the business is scaling its development pipeline while managing costs. Improving gross and EBIT margins suggest structural improvements in project execution and pricing power that support durable development profitability over multiple project cycles.

Strong conversion of earnings into free cash flow

A near‑one-to-one free cash flow to net income conversion shows the company can translate accounting profits into cash to fund land, civil works and staged settlements. Reliable cash conversion supports reinvestment into the pipeline and reduces dependency on external funding for growth.

Negative Factors

Volatile operating cash generation

Operating cash flow is weak relative to reported profits and FCF growth has recently fallen sharply, indicating volatility in cash receipts from settlements. This variability can strain working capital for site servicing and slow the company's ability to self-fund new stages, raising execution risk.

Pressure on net profitability

A decline in net margin amid rising revenue suggests rising non-operating costs, financing or tax impacts, or margin dilution from product mix. Persistent net margin compression would reduce retained earnings available for reinvestment and weaken long‑term profitability resilience across cycles.

Cyclical, timing-dependent business model

The core model relies on staged project approvals and settlement timing, making revenue lumpy and sensitive to housing demand and regulatory/approval delays. Structural cyclicality increases earnings volatility and can amplify funding and execution risks during downturns or permit delays.

Cedar Woods Properties Limited Business Overview & Revenue Model

Company Description

Cedar Woods Properties Limited engages in property investment and development activities in Australia. It is involved in the urban land subdivision and development of residential, commercial, and retail properties in Western Australia, South Australia, Victoria, and Queensland. The company's property portfolio also includes medium and high-density apartments and townhouses. Cedar Woods Properties Limited was incorporated in 1987 and is based in West Perth, Australia.

How the Company Makes Money

Cedar Woods Properties Limited generates revenue primarily through the sale of residential and commercial properties. The company's revenue model is centered on property development, where it acquires land, develops it into residential subdivisions or commercial properties, and then sells these properties to end-users or investors. Key revenue streams include the sale of completed homes, land sales, and commercial leasing. Additionally, CWP may earn income from joint venture partnerships and developments, where it collaborates with other developers or investors to share resources and expertise. The company's strategic focus on high-demand areas and sustainable development practices also contributes to its ability to attract buyers and secure profitable sales.

Cedar Woods Properties Limited Financial Statement Overview

Summary

Cedar Woods Properties Limited exhibits robust revenue growth and strong balance sheet metrics, with effective cost management enhancing profitability. However, cash flow volatility poses a potential risk, necessitating careful monitoring of cash generation capabilities.

Income Statement

Cedar Woods Properties Limited has demonstrated strong revenue growth with a 20.6% increase in the latest year, supported by improving gross and EBIT margins. The gross profit margin improved to 28.4%, indicating efficient cost management. However, the net profit margin slightly decreased to 10.3%, suggesting some pressure on net profitability despite revenue growth.

Balance Sheet

The company maintains a healthy balance sheet with a low debt-to-equity ratio of 0.28, reflecting prudent financial leverage. Return on equity is solid at 9.8%, indicating effective use of equity to generate profits. The equity ratio stands at 57.0%, showcasing a strong equity base relative to total assets.

Cash Flow

Cash flow performance shows some volatility, with a significant decline in free cash flow growth by 48.8%. The operating cash flow to net income ratio is 0.19, indicating moderate cash generation relative to net income. The free cash flow to net income ratio is strong at 0.98, suggesting efficient conversion of earnings into free cash flow.

Breakdown	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	465.94M	386.35M	392.46M	334.52M	302.60M
Gross Profit	132.27M	95.71M	98.40M	97.88M	94.93M
EBITDA	86.14M	70.19M	52.34M	57.39M	53.61M
Net Income	48.14M	40.49M	31.64M	37.39M	32.83M
Balance Sheet
Total Assets	857.68M	743.59M	783.40M	796.39M	651.80M
Cash, Cash Equivalents and Short-Term Investments	8.57M	21.95M	6.80M	2.96M	5.39M
Total Debt	136.21M	144.56M	278.27M	315.07M	214.02M
Total Liabilities	368.49M	282.80M	352.30M	375.16M	251.44M
Stockholders Equity	489.19M	460.79M	431.10M	421.22M	400.36M
Cash Flow
Free Cash Flow	33.87M	29.49M	21.93M	-66.83M	40.00M
Operating Cash Flow	34.59M	31.21M	23.70M	-65.84M	41.59M
Investing Cash Flow	-8.80M	49.60M	-2.32M	-703.00K	-321.00K
Financing Cash Flow	-39.17M	-65.67M	-17.54M	64.11M	-38.57M

Cedar Woods Properties Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.73
• 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:CWP, the sentiment is Positive. The current price of 8.73 is above the 20-day moving average (MA) of 7.93, above the 50-day MA of 8.25, and above the 200-day MA of 7.64, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 65.81 is Neutral, neither overbought nor oversold. The STOCH value of 69.67 is Neutral, 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
PPC	72 Outperform	AU$1.02B	12.07	9.96%	3.88%	41.77%	60.62%
CWP	69 Neutral	AU$691.67M	9.29	10.13%	3.32%	14.95%	18.79%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
GDI	63 Neutral	AU$337.39M	9.44	5.37%	7.69%	17.85%	―
HCW	54 Neutral	AU$379.62M	-3.84	-10.44%	11.21%	-16.67%	-1419.67%
COF	53 Neutral	AU$603.31M	9.58	-1.91%	8.63%	-4.50%	88.28%
MPX	38 Underperform	AU$17.62M	-6.74	-13.36%	―	-81.98%	-131.34%

Cedar Woods Properties Limited Corporate Events

Cedar Woods Sets Timetable and Webcast Plan for FY26 Half-Year Results

Cedar Woods Properties Limited has outlined the key dates for its first-half FY26 financial reporting cycle, including the release of half-year results and interim dividend announcement on 24 February 2026, followed by ex-dividend, record, and payment dates in March and April. The company will also host an audio webcast of its H1 FY26 results on 24 February, led by Managing Director Nathan Blackburne and CFO Leon Hanrahan, with the presentation recording to be made available on its website and the OpenBriefing platform, providing investors and stakeholders with structured access to its financial performance update.

The most recent analyst rating on (AU:CWP) stock is a Buy with a A$10.00 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 Performance Rights Lapse After Vesting Conditions Not Met

Cedar Woods Properties Limited has announced the cessation of 38,547 performance rights (CWPAE) after the conditions attached to these conditional rights were not met or became incapable of being satisfied as at 31 December 2025. The lapse of these performance rights slightly reduces the company’s potential future issued capital and may indicate that specific performance or vesting targets under its incentive arrangements were not achieved, which can have implications for executive remuneration structures and dilution expectations for shareholders.

The most recent analyst rating on (AU:CWP) stock is a Buy with a A$10.00 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 Upgrades FY26 Earnings Guidance Amid Strong Market Conditions

Cedar Woods Properties Limited has announced an upgrade to its FY26 earnings guidance, projecting a net profit after tax growth of at least 20%, up from the previous 15%. This positive outlook is driven by strong sales, price growth, and faster project delivery. The company expects a record profit for FY26, which will support increased dividend distributions. Favorable market conditions, such as supply shortfalls, low unemployment, and government support for homebuyers, continue to bolster the sector. Cedar Woods is confident in its performance for the second half of FY26, backed by significant pre-sales, advanced stage delivery programs, a strong balance sheet, disciplined capital management, and a diversified development pipeline.

The most recent analyst rating on (AU:CWP) stock is a Buy with a A$9.52 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 Announces Director’s Interest Restructuring

Cedar Woods Properties Limited announced a change in the director’s interest notice for William George Hames, involving an off-market transfer of shares between indirect holdings with no net change in the aggregate relevant interest. This adjustment reflects internal restructuring of shareholdings without affecting the total number of shares held, indicating a strategic alignment of interests within the company’s management structure.

The most recent analyst rating on (AU:CWP) stock is a Buy with a A$9.52 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 Issues New Employee Incentive Options

Cedar Woods Properties Limited announced the issuance of 35,863 zero-price options under an employee incentive scheme, set to expire on June 30, 2028. This move is part of the company’s strategy to enhance employee engagement and align their interests with the company’s long-term growth objectives, potentially strengthening its position in the competitive real estate market.

The most recent analyst rating on (AU:CWP) stock is a Buy with a A$9.52 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 Issues New Performance Rights to Boost Employee Incentives

Cedar Woods Properties Limited announced the issuance of 111,416 performance rights as part of an employee incentive scheme. This move is aimed at motivating and retaining key personnel, potentially enhancing the company’s operational efficiency and competitive positioning in the real estate market.

The most recent analyst rating on (AU:CWP) stock is a Buy with a A$9.52 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 Director’s Interest Update: Strategic Incentives Aligned

Cedar Woods Properties Limited announced a change in the interests of its director, Nathan John Blackburne, with the acquisition of 111,416 Performance Rights and 35,863 Zero-Price Options. This change, approved at the recent AGM, reflects the company’s ongoing commitment to aligning executive incentives with shareholder interests, potentially impacting its operational strategies and market positioning.

The most recent analyst rating on (AU:CWP) stock is a Buy with a A$9.52 price target. To see the full list of analyst forecasts on Cedar Woods Properties Limited stock, see the AU:CWP Stock Forecast page.