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Carindale Property Trust is a reit-retail business based in Australia. Carindale Property shares (CDP) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian Dollars. Carindale Property has a trailing 12-month revenue of around $50.1 million. If you're looking to buy shares, check out the steps below.
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| 52-week range | $3.2893 - $4.79 |
|---|---|
| 50-day moving average | $4.4439 |
| 200-day moving average | $4.3979 |
| Target price | $5.58 |
| PE ratio | 8.3837 |
| Dividend yield | $0.23 (4.95%) |
| Earnings per share (TTM) | $0.563 |
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Historical closes compared with the last close of A$4.73
| 1 week (2021-10-20) | 0.64% |
|---|---|
| 1 month (2021-09-28) | 7.50% |
| 3 months (2021-07-28) | 10.00% |
| 6 months (2021-04-28) | 10.77% |
| 1 year (2020-10-27) | 33.24% |
|---|---|
| 2 years (2019-10-25) | -23.09% |
| 3 years (2018-10-26) | -39.28% |
| 5 years (2016-10-27) | -38.57% |
Valuing Carindale Property stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Carindale Property's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Carindale Property's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 8x. In other words, Carindale Property shares trade at around 8x recent earnings.
That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
| Revenue TTM | $50.1 million |
|---|---|
| Operating margin TTM | 61.05% |
| Gross profit TTM | $31 million |
| Return on assets TTM | 2.55% |
| Return on equity TTM | 8.67% |
| Profit margin | 78.66% |
| Book value | 6.662 |
| Market capitalisation | $336.5 million |
TTM: trailing 12 months
Dividend payout ratio: 41.07% of net profits
Recently Carindale Property has paid out, on average, around 41.07% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 4.87% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Carindale Property shareholders could enjoy a 4.87% return on their shares, in the form of dividend payments. In Carindale Property's case, that would currently equate to about A$0.23 per share.
While Carindale Property's payout ratio might seem fairly standard, it's worth remembering that Carindale Property may be investing much of the rest of its net profits in future growth.
The latest dividend was paid out to all shareholders who bought their shares by 28 June 2021 (the "ex-dividend date").
Over the last 12 months, Carindale Property's shares have ranged in value from as little as $3.2893 up to $4.79. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Carindale Property's is 1.0912. This would suggest that Carindale Property's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Westfield Carindale is situated in an affluent quarter of Brisbane's south-eastern suburbs approximately 12 kilometres from the Brisbane CBD. The centre services a trade area population of approximately 690,000 with the nearby Gateway Motorway offering residents to the north and south of the centre convenient access. One of the city's leading retail and lifestyle destinations, Westfield Carindale is home to many of Australia's most well-known retailers including David Jones, Myer, Harris Scarfe, Big W, Target, Coles, Woolworths, ALDI and Apple, as well as a host of premium fashion brands. An Event Cinemas complex and a range of other retailers including approximately 400 specialty stores complete the retail offer while the adjoining Carindale Home & Leisure Centre offers bulky goods retail.
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