CWP 2.08% $4.90 cedar woods properties limited

CWP seems cheap and well positioned

  1. 4,099 Posts.
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    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 %.

 
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Last
$4.90
Change
0.100(2.08%)
Mkt cap ! $403.8M
Open High Low Value Volume
$4.81 $4.90 $4.77 $179.3K 37.25K

Buyers (Bids)

No. Vol. Price($)
2 2263 $4.80
 

Sellers (Offers)

Price($) Vol. No.
$4.90 15676 2
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Last trade - 16.10pm 18/07/2024 (20 minute delay) ?
CWP (ASX) Chart
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