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
$5.66 |
Change
0.010(0.18%) |
Mkt cap ! $467.0M |
Open | High | Low | Value | Volume |
$5.80 | $5.80 | $5.66 | $200.8K | 35.13K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 32 | $5.66 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.76 | 4024 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1780 | 5.610 |
3 | 1271 | 5.500 |
1 | 1831 | 5.460 |
1 | 165 | 5.400 |
1 | 1488 | 5.370 |
Price($) | Vol. | No. |
---|---|---|
5.760 | 4024 | 1 |
5.790 | 2000 | 1 |
5.800 | 1999 | 1 |
5.820 | 3860 | 1 |
5.940 | 835 | 1 |
Last trade - 16.10pm 21/10/2024 (20 minute delay) ? |
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LITTLE GREEN PHARMA LTD
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Paul Long
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