CWP 1.02% $4.85 cedar woods properties limited

CWP seems cheap and well positioned

  1. 4,107 Posts.
    lightbulb Created with Sketch. 436
    The stock had a significant correction since the peak reached in February 20. It is mainly due to a severe correction for their net result (expected to decrease from $49 m in FY 19 to $20-21 in FY 20) while they had steady earnings between FY 12 and FY 19.

    CWP looks cheap now with a P/B of 1.13, providing that earnings reached the bottom in FY 6/20.
    It seems to be the case as :
    - no fundamental deterioration for the company in FY 6/20 (earning decrease only due to settlement postponement, while July settlements are now significant),
    - good exposure of the company both geographically (56 % of their portfolio in WA where there is a housing recovery now) and in terms of products (70 % of their portfolio in land, 9 % in townhouse vs only 1 % in commercial).

    The company has also a decent yield with a full year dividend expected to be around 25 c (if payout around 100 % like for H1) which gives a dividend yield of 4.7 %.

 
watchlist Created with Sketch. Add CWP (ASX) to my watchlist
(20min delay)
Last
$4.85
Change
-0.050(1.02%)
Mkt cap ! $399.7M
Open High Low Value Volume
$4.90 $4.94 $4.81 $216.0K 44.20K

Buyers (Bids)

No. Vol. Price($)
1 1828 $4.85
 

Sellers (Offers)

Price($) Vol. No.
$4.95 2533 2
View Market Depth
Last trade - 16.10pm 19/07/2024 (20 minute delay) ?
CWP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.