COG FINANCIAL SERVICES LIMITED (COG)
Share Price Analysis and Chart

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COG

COG - COG FINANCIAL SERVICES LIMITED

FNArena Sector : Business & Consumer Credit
Year End: June
GICS Industry Group : Diversified Financials
Debt/EBITDA: 3.75
Index: ALL-ORDS

COG Financial Services provides equipment finance broking and aggregation, commercial lending, novated leasing and salary packaging services, primarily for Australian businesses and their employees.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.65

05 Nov
2026

0.040

OPEN

$1.70

2.48%

HIGH

$1.73

1,375,561

LOW

$1.60

TARGET
$2.237

+0.10 change from previous day

 35.6% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BTN . CCP . CCV . CGR . EML . EPY . FND . FSA . HUM . JDO . LFS . MME . PGL . PLT . PNC . PPM . QAL . SIV . SVR . TYR . WZR . XYZ . ZIP .
FNARENA'S MARKET CONSENSUS FORECASTS
COG: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 11.6 15.6 xxx
DPS (cps) xxx 7.0 8.6 xxx
EPS Growth xxx 23.1% 34.7% xxx
DPS Growth xxx 16.7% 22.9% xxx
PE Ratio xxx N/A 10.1 xxx
Dividend Yield xxx N/A 5.4% xxx
Div Pay Ratio(%) xxx 60.4% 55.1% xxx

Dividend yield today if purchased 3 years ago: 5.47%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.43

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: 31/08 - ex-div 3.50c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx11.6
DPS All xxxxxxxxxxxxxxx7.0
Sales/Revenue xxxxxxxxxxxxxxx403.4 M
Book Value Per Share xxxxxxxxxxxxxxx73.3
Net Operating Cash Flow xxxxxxxxxxxxxxx82.4 M
Net Profit Margin xxxxxxxxxxxxxxx6.01 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx15.72 %
Return on Invested Capital xxxxxxxxxxxxxxx8.21 %
Return on Assets xxxxxxxxxxxxxxx3.37 %
Return on Equity xxxxxxxxxxxxxxx15.72 %
Return on Total Capital xxxxxxxxxxxxxxx12.87 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx67.9 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx205 M
Long Term Debt xxxxxxxxxxxxxxx141 M
Total Debt xxxxxxxxxxxxxxx346 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx187 M
Price To Book Value xxxxxxxxxxxxxxx1.88

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx2.9 M
Capex % of Sales xxxxxxxxxxxxxxx0.71 %
Cost of Goods Sold xxxxxxxxxxxxxxx191 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx140 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx17 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

1.0

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Bell Potter

06/11/2026

1

Buy

$2.20

33.33%

COG Financial Services' 1Q27 update was better than expected according to Bell Potter, and is on track to achieve its 10% growth target in EBITDA, which rose 53% y/y, including $2.4m from new businesses.

Revenue growth rose 56% y/y, assisted by 84% y/y growth in lease settlements and acquisition contributions, the analyst explains. By comparison, private demand growth was up 10% y/y and EV volume growth of 162% y/y.

The broker points out commercial demand remains sound, with EBITDA up 2% y/y. Re lending, the EBITDA to shareholders was nil versus $0.5m a year ago.

Notably, legislation to determine tax exemption changes before 31 March 2027 are with the senate.

Target price lifts to $2.20 from $2.10. No change to Buy rating.

FORECAST
Bell Potter forecasts a full year FY27 dividend of 9.90 cents and EPS of 16.60 cents.
Bell Potter forecasts a full year FY28 dividend of 9.40 cents and EPS of 17.50 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

Shaw and Partners

07/11/2026

1

Buy

$2.30

39.39%

Shaw and Partners maintains a Buy rating for COG Financial Services with a $2.30 target price following a strong September quarter trading update featuring underlying EBITDA to shareholders of $15.3m.

This quarterly performance reflects a 53% year-on-year increase and suggests a run-rate ahead of management's reiterated FY27 guidance for at least 10% growth.

The leasing division achieved 77% organic underlying EBITDA growth alongside an 84% increase in lease settlement volumes, demonstrating continued market share gains.

The analyst leaves earnings projections unchanged with a bias towards conservatism, noting quarterly performance can vary despite limited operational seasonality.

The stock screens attractively to Shaw and Partners, trading on an FY27 price-earnings multiple of 9.4x and presenting solid growth value.

FORECAST
Shaw and Partners forecasts a full year FY27 dividend of 8.20 cents and EPS of 17.10 cents.
Shaw and Partners forecasts a full year FY28 dividend of 9.20 cents and EPS of 19.30 cents.
Access Extra Coverage Research History >

COG STOCK CHART

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