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Cedar Woods Properties Limited
(Sydney:CWP)
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Rating:71Outperform
Price Target:
AU$6.50
â–¼(-9.09% Downside)
Action:Reiterated
Date:08/26/26
The score is driven primarily by mixed financial performance: stronger profitability and improved leverage are tempered by negative 2026 operating/free cash flow and revenue decline. Technicals are supportive with a clear uptrend and positive MACD, while valuation is favorable with a low P/E and solid dividend yield.
Positive Factors
Improved profitability
The substantial increase in net income and EBIT margin indicates stronger earnings conversion from development activity. If maintained, improved operating profitability can provide greater capacity to fund projects, absorb cost variation, and support returns across the property cycle.
Negative Factors
Revenue growth volatility
The renewed revenue decline highlights uneven project progression and settlement timing, which can make results less predictable than those of a recurring-revenue business. Persistent volatility could limit operating leverage and make future earnings more dependent on successful project execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved profitability
The substantial increase in net income and EBIT margin indicates stronger earnings conversion from development activity. If maintained, improved operating profitability can provide greater capacity to fund projects, absorb cost variation, and support returns across the property cycle.
Read all positive factors
Cedar Woods Properties Limited (CWP) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$514.59M
Dividend Yield6.48%
Average Volume (3M)195.66K
Price to Earnings (P/E)7.7
Beta (1Y)1.05
Revenue Growth7.87%
EPS Growth33.77%
CountryAU
Employees109
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.78
Shares Outstanding85,480,580
10 Day Avg. Volume213,324
30 Day Avg. Volume195,655
Financial Highlights & Ratios
PEG Ratio0.26
Price to Book (P/B)1.07
Price to Sales (P/S)1.16
P/FCF Ratio-186.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$9.65Price Target Upside34.97% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.89
Revenue Forecast (FY)AU$566.64M
Cedar Woods Properties Limited Business Overview & Revenue Model
Company Description
Cedar Woods Properties Limited develops and invests in properties in Australia. It engages in the acquisition, development, marketing, and sale of housing lots, apartments, townhouses, and commercial properties in Western Australia, South Australi...
How the Company Makes Money
CWP primarily makes money through property development revenues generated from the sale of completed residential products and development land. Key revenue streams typically include: (1) Sale of residential lots: acquiring land, obtaining planning...
Cedar Woods Properties Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
42
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 502.72M | 465.94M | 386.35M | 392.46M | 334.52M |
| Gross Profit | 152.71M | 132.27M | 95.71M | 98.40M | 97.88M |
| EBITDA | 106.26M | 86.14M | 70.19M | 52.34M | 57.39M |
| Net Income | 65.64M | 48.14M | 40.49M | 31.64M | 37.39M |
Balance Sheet | |||||
| Total Assets | 903.08M | 857.68M | 743.59M | 783.40M | 796.39M |
| Cash, Cash Equivalents and Short-Term Investments | 7.80M | 8.57M | 21.95M | 6.80M | 2.96M |
| Total Debt | 168.78M | 136.21M | 144.56M | 278.27M | 315.07M |
| Total Liabilities | 358.54M | 368.49M | 282.80M | 352.30M | 375.16M |
| Stockholders Equity | 544.54M | 489.19M | 460.79M | 431.10M | 421.22M |
Cash Flow | |||||
| Free Cash Flow | -3.14M | 33.87M | 29.49M | 21.93M | -66.83M |
| Operating Cash Flow | -2.06M | 34.59M | 31.21M | 23.70M | -65.84M |
| Investing Cash Flow | -2.31M | -8.80M | 49.60M | -2.32M | -703.00K |
| Financing Cash Flow | 3.60M | -39.17M | -65.67M | -17.54M | 64.11M |
Cedar Woods Properties Limited Technical Analysis
Negative
7.15
Price Trends
6.38
Negative
6.53
Negative
6.89
Negative
Market Momentum
-0.11
Negative
44.74
Neutral
62.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CWP, the sentiment is Negative. The current price of 7.15 is above the 20-day moving average (MA) of 6.03, above the 50-day MA of 6.38, and above the 200-day MA of 6.89, indicating a bearish trend. The MACD of -0.11 indicates Negative momentum. The RSI at 44.74 is Neutral, neither overbought nor oversold. The STOCH value of 62.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CWP.
Cedar Woods Properties Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | AU$10.32B | 10.37 | 9.44% | 5.93% | 14.63% | 18.93% | |
74 Outperform | AU$7.02B | 10.54 | 7.30% | 5.23% | 6.20% | 897.67% | |
72 Outperform | AU$198.65M | 9.80 | 7.92% | 7.53% | -29.40% | 40.91% | |
71 Outperform | AU$514.59M | 7.72 | 12.22% | 6.48% | 7.87% | 33.77% | |
71 Outperform | AU$694.05M | 6.70 | 16.17% | 8.79% | 1.05% | 77.00% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
45 Neutral | AU$1.64B | -2.18 | -14.46% | 6.56% | -30.04% | -432.70% |
* Real Estate Sector Average
AU:CWP
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Cedar Woods Properties Limited Corporate Events
Cedar Woods Performance Rights Lapse After Unmet Conditions
Oct 1, 2026
Cedar Woods Properties Limited has announced the lapse of 1,409 performance rights, which ceased because the conditions attached to these conditional securities were not, or could not be, satisfied by 30 September 2026. The cessation marginally re...
Cedar Woods Sets 2026 AGM as Strong Profit and Presales Underpin Outlook
Sep 24, 2026
Cedar Woods Properties Limited has called a hybrid Annual General Meeting for 5 November 2026, allowing shareholders to attend in person in Perth or participate and vote online in real time. The agenda includes receiving FY26 financial reports, re...
Cedar Woods Sets FY26 Dividend and Hybrid AGM Timetable
Sep 8, 2026
Cedar Woods Properties Limited has released the key timetable for its FY26 final dividend, with shares trading ex-dividend on 30 September 2026, a record date on 1 October 2026 and payment scheduled for 30 October 2026. All dates and times are set...
Cedar Woods MD Boosts Shareholding After Incentive Vesting
Sep 2, 2026
Cedar Woods Properties Limited has reported changes to Managing Director Nathan Blackburne’s holdings, reflecting the vesting and conversion of long-term and deferred short-term incentive awards. Following these transactions, his total ordin...
Cedar Woods Seeks ASX Quotation for Additional Ordinary Shares
Aug 31, 2026
Cedar Woods Properties Limited, an Australian Securities Exchange-listed real estate developer, focuses on residential and mixed-use property projects. Its ordinary fully paid shares under ticker CWP offer investors participation in the domestic h...
Cedar Woods Issues New Tranche of Unquoted Performance Rights
Aug 31, 2026
Cedar Woods Properties Limited has notified the market of the issue of 261,971 unquoted performance rights under its employee incentive scheme. The rights, which are subject to transfer restrictions and will not be quoted on the ASX until those re...
Cedar Woods Reports Lapse of Performance Rights
Aug 31, 2026
Cedar Woods Properties Limited has notified the market of the lapse of 22,302 performance rights, identified under ASX security code CWPAE, effective 31 August 2026. The rights ceased because the conditions attached to these instruments were not m...
Cedar Woods Maps Out FY26 Results Agenda and Strategic Focus
Aug 24, 2026
Cedar Woods Properties Limited has issued an agenda for its FY26 full-year results, signalling a detailed review of financial performance, market conditions, portfolio composition, acquisitions, and strategic outlook. The release, while high-level...
Cedar Woods Files 2026 Corporate Governance Statement with ASX
Aug 24, 2026
Cedar Woods Properties Limited, an Australian property developer, operates under the ASX’s corporate governance regime with a structured framework covering board responsibilities, management oversight and diversity. Its governance documentat...
Cedar Woods posts record profit and presales as housing pipeline expands
Aug 24, 2026
Cedar Woods Properties Limited has reported a record net profit after tax of $65.6 million for FY26, a 36% increase on the prior year, driven by higher revenue, improved gross margins and strong demand for its residential land and housing projects...
Cedar Woods Delivers Strong 2026 Profit and Lifts Cash Dividends
Aug 24, 2026
Cedar Woods Properties Limited reported a robust financial performance for the year ended 30 June 2026, with revenue rising 7.8% to $502.4 million and profit after tax attributable to members jumping 36.4% to $65.6 million. Basic earnings per shar...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.