AUSTRALIAN FINANCE GROUP LIMITED (AFG)
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AFG - AUSTRALIAN FINANCE GROUP LIMITED

FNArena Sector : Banks
Year End: June
GICS Industry Group : Banks
Debt/EBITDA: 17.54
Index: ASX300 | ALL-ORDS

Australian Finance Group is one of Australia's largest mortgage broking groups and financial solutions providers. Established in 1994, it listed on the ASX in 2015.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.405

22 Jul
2024

-0.035

OPEN

$1.43

-2.43%

HIGH

$1.43

218,962

LOW

$1.40

TARGET
$1.485 5.7% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
AFG: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 13.8 11.3 xxx
DPS (cps) xxx 10.7 8.0 xxx
EPS Growth xxx - 4.2% - 18.2% xxx
DPS Growth xxx - 35.5% - 25.2% xxx
PE Ratio xxx N/A 12.4 xxx
Dividend Yield xxx N/A 5.7% xxx
Div Pay Ratio(%) xxx 77.5% 70.8% xxx

Dividend yield today if purchased 3 years ago: 4.07%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.64

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 07/03 - ex-div 4c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx13.8
DPS All xxxxxxxxxxxxxxx10.7
Sales/Revenue xxxxxxxxxxxxxxx1,024.7 M
Book Value Per Share xxxxxxxxxxxxxxx66.3
Net Operating Cash Flow xxxxxxxxxxxxxxx58.3 M
Net Profit Margin xxxxxxxxxxxxxxx3.64 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx20.54 %
Return on Invested Capital xxxxxxxxxxxxxxx1.57 %
Return on Assets xxxxxxxxxxxxxxx0.57 %
Return on Equity xxxxxxxxxxxxxxx20.54 %
Return on Total Capital xxxxxxxxxxxxxxx5.11 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx14.2 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx2,586 M
Long Term Debt xxxxxxxxxxxxxxx2,012 M
Total Debt xxxxxxxxxxxxxxx4,598 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx222 M
Price To Book Value xxxxxxxxxxxxxxx2.70

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx7.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.69 %
Cost of Goods Sold xxxxxxxxxxxxxxx686 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx83 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx4,488 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Macquarie

11/07/2024

3

Neutral

$1.47

4.63%

Macquarie observes Australian Finance Group's 'AFG Home Loan' lodgement growth in the June quarter was driven by increased share.

The company's Home Loan products were 7.64% of total lodgements (which rose by 3.9% year-on-year).

The Home Loan lodgement activity, which comprised higher-margin AFG Securitisation and AFG White Label product, was up by 47% (cycling down -48%), explains the analyst.

The Neutral rating and $1.47 target are retained.

FORECAST
Macquarie forecasts a full year FY24 dividend of 8.00 cents and EPS of 11.60 cents.
Macquarie forecasts a full year FY25 dividend of 8.30 cents and EPS of 13.30 cents.
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

0

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY
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AFG STOCK CHART

FNArena News on AFG

1
Weekly Ratings, Targets, Forecast Changes – 12-04-24

Apr 15 2024 - Weekly Reports
2
ESG Focus: Decarbonisation, Renewables & Cyber Crime

Apr 03 2024 - ESG Focus
3
Weekly Ratings, Targets, Forecast Changes – 01-03-24

Mar 04 2024 - Weekly Reports
4
FNArena Corporate Results Monitor – 01-03-2024

Mar 01 2024 - Australia
5
Rudi’s View: Outlook Negative, With Plenty Of Silver Linings

Sep 06 2023 - Rudi's View

Latest Banks News

1
June In Review: FY24 Another Double Digit Return

Jul 03 2024 - Australia
2
In Brief: Gas, Gold, Groceries & Aussie Banks

Jun 07 2024 - Weekly Reports
3
Better Value In Smaller Banks?

Jun 03 2024 - Small Caps
4
Australian Banks Post First Half Results: Sugar Hit

May 23 2024 - Feature Stories
5
Rudi’s View: ANZ, AUB, Beach Energy, CSL, Flight Centre & Newmont

May 16 2024 - Rudi's View
6
April In Review: The Bond Market Roared

May 06 2024 - Australia
7
ESG Focus: Governance, Supply Chains, Risks

Apr 29 2024 - ESG Focus
8
Bank of Queensland: Beautiful One Day

Apr 18 2024 - Australia
9
Rudi’s View: Investor Worries, Gold, Westpac, and Conviction Buys

Apr 03 2024 - Rudi's View
10
Are Australian Banks Overpriced?

Mar 14 2024 - Australia