GENERATION DEVELOPMENT GROUP LIMITED (GDG)
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GDG - GENERATION DEVELOPMENT GROUP LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Insurance
Debt/EBITDA: 0.01
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.75

21 Nov
2024

-0.070

OPEN

$3.82

-1.83%

HIGH

$3.85

372,247

LOW

$3.71

TARGET
$3.705 -1.2% downside
Franking for last dividend paid out: 50%
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FNARENA'S MARKET CONSENSUS FORECASTS
GDG: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 3.0 7.9 xxx
DPS (cps) xxx 2.0 2.3 xxx
EPS Growth xxx 29.7% 100.0% xxx
DPS Growth xxx 1.4% 16.6% xxx
PE Ratio xxx N/A 47.8 xxx
Dividend Yield xxx N/A 0.6% xxx
Div Pay Ratio(%) xxx 65.5% 29.1% xxx

Dividend yield today if purchased 3 years ago: 1.43%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.52

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: 11/03 - ex-div 1c (franking 50%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic 4.0-1.21.51.02.33.0
DPS All 1.91.91.91.91.92.0
Sales/Revenue 34.2 M57.4 M113.0 M92.8 M58.9 M109.2 M
Book Value Per Share 15.713.228.430.030.478.2
Net Operating Cash Flow 1.9 M37.5 M24.4 M5.0 M11.2 M20.0 M
Net Profit Margin 15.45 %-2.85 %2.24 %2.05 %7.63 %5.35 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed 28.15 %-8.61 %7.36 %3.49 %7.73 %4.32 %
Return on Invested Capital 28.15 %-8.50 %6.84 %3.24 %7.31 %4.23 %
Return on Assets 0.52 %-0.13 %0.16 %0.09 %0.18 %0.18 %
Return on Equity 28.15 %-8.61 %7.36 %3.49 %7.73 %4.32 %
Return on Total Capital 349.17 %-250.65 %652.24 %-359.34 %320.35 %201.93 %
Free Cash Flow ex dividends -1.1 M34.3 M20.6 M1.3 M7.5 M16.4 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 201920202021202220232024
Short-Term Debt 0 M0 M0 M1 M1 M1 M
Long Term Debt 0 M0 M5 M4 M3 M3 M
Total Debt 0 M0 M5 M4 M4 M3 M
Goodwill - Gross 1 M1 M1 M1 M1 M1 M
Cash & Equivalents - Generic 1,075 M1,282 M1,821 M2,093 M2,645 M3,539 M
Price To Book Value 3.184.672.944.054.013.33

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex 0.5 M0.6 M1.0 M1.9 M0.4 M0.1 M
Capex % of Sales 1.50 %1.09 %0.87 %2.03 %0.73 %0.14 %
Cost of Goods Sold 12 M6 M6 M9 M10 M18 M
Selling, General & Admin. Exp & Other -43 M100 M-135 M296 M-150 M-190 M
Research & Development ------
Investments - Total 0 M0 M0 M0 M0 M0 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

0.5

No. Of Recommendations

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

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Ord Minnett

22/10/2024

1

Buy

$3.90

4.00%

Generation Development reported "excellent" 1Q25 results Ord Minnett states including growth in funds under management of 9% to 10% with bond funds rising 8.7% in the quarter, slightly above the broker's forecast.

Investment bond sales came in $181m above estimates with robust demand. Lonsec also performed well, while LifeIncome annuities experienced a rise of 28% in funds under management.

The broker is forecasting 35% compound average EPS growth over the next two year. EPS estimates are lifted between 2% to 6% for FY25 to FY27.

Buy rating unchanged. Target price lifts to $3.90 from $3.40.

FORECAST
Ord Minnett forecasts a full year FY25 dividend of 2.60 cents and EPS of 7.90 cents.
Ord Minnett forecasts a full year FY26 dividend of 3.30 cents and EPS of 10.30 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

Moelis

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Petra Capital

09/09/2024

1

Buy

$2.95

-21.33%

Petra Capital assesses a "strong" FY24 result for Generation Development driven by a record year for annual Investment Bond sales (now No 1 for market share) and a 76% rise for Lonsec associate income.

Regarding the Investment Bonds, funds under management (FUM) rose by 27% year-on-year to $3.3bn, driven by new sales of $657m and a positive investment experience of $219m, explains the broker. FUM for Lonsec increased by 20%.

Buy rating retained. Target price rises to $2.95 from $2.78.

FORECAST
Petra Capital forecasts a full year FY25 dividend of 2.20 cents and EPS of 7.90 cents.
Petra Capital forecasts a full year FY26 dividend of 2.40 cents and EPS of 10.80 cents.
Access Extra Coverage Research History >

GDG STOCK CHART

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1
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