GQG PARTNERS INC (GQG)
Share Price Analysis and Chart

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GQG - GQG PARTNERS INC

FNArena Sector : Wealth Management & Investments
Year End: December
GICS Industry Group : Diversified Financials
Debt/EBITDA: 0.05
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.86

22 Jul
2024

-0.020

OPEN

$2.85

-0.69%

HIGH

$2.88

1,211,870

LOW

$2.83

TARGET
$3.10 8.4% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . AVC . BVS . CGF . CVW . ENN . GDC . GDG . HMC . HUB . IFL . IFT . IRE . KAM . KSL . MAF . MFG . MQG . NGI . NWL . PAC . PNI . PPS . PPT . PTM . QAL . RPL . RZI .
FNARENA'S MARKET CONSENSUS FORECASTS
GQG: 1
Title FY24
Forecast		 FY25
Forecast
EPS (cps) 22.4 xxx
DPS (cps) 19.9 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 13.0 xxx
Dividend Yield 6.8% xxx
Div Pay Ratio(%) 88.9% xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.74

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: 08/05 - ex-div 3.27c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 2020202120222023
EPS Basic xxxxxxxxx14.6
DPS All xxxxxxxxx13.8
Sales/Revenue xxxxxxxxx779.8 M
Book Value Per Share xxxxxxxxx17.3
Net Operating Cash Flow xxxxxxxxx444.7 M
Net Profit Margin xxxxxxxxx54.58 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 2020202120222023
Return on Capital Employed xxxxxxxxx87.54 %
Return on Invested Capital xxxxxxxxx84.16 %
Return on Assets xxxxxxxxx79.18 %
Return on Equity xxxxxxxxx87.54 %
Return on Total Capital xxxxxxxxx114.53 %
Free Cash Flow ex dividends xxxxxxxxx70.0 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 2020202120222023
Short-Term Debt xxxxxxxxx5 M
Long Term Debt xxxxxxxxx23 M
Total Debt xxxxxxxxx28 M
Goodwill - Gross xxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxx95 M
Price To Book Value xxxxxxxxx9.83

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 2020202120222023
Capex xxxxxxxxx1.0 M
Capex % of Sales xxxxxxxxx0.13 %
Cost of Goods Sold xxxxxxxxx28 M
Selling, General & Admin. Exp & Other xxxxxxxxx169 M
Research & Development xxxxxxxxx-
Investments - Total xxxxxxxxx24 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

0.9

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxx xx xxxxxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Macquarie

09/07/2024

1

Outperform

$3.05

6.64%

GQG Partners reported net inflows of $6.5bn for 2Q2024, with management highlighting a "strong pipeline" ahead and market movements underwriting an increase in funds under management of 4% or $5.7bn, Macquarie states.

The broker is forecasting inflows of $3.9bn in 3Q2024 and $3bn in the 2H2024 and has raised the 2025 net flow forecasts to $5.4bn and then flattening out to around 1.2% growth from 2026.

Macquarie adjusts EPS forecasts by 4.3% for FY24 and 8.7% for FY25 and views the potential 4.5% shareholder sell-down as a reason for a re-rating with increased liquidity and inclusion in both the ASX200/ASX300.

Outperform rating unchanged. The target price lifts to $3.05 from $2.80.

FORECAST
Macquarie forecasts a full year FY24 dividend of 19.98 cents and EPS of 22.27 cents.
Macquarie forecasts a full year FY25 dividend of 21.81 cents and EPS of 25.47 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
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

Goldman Sachs

15/07/2024

1

Buy

$3.00

4.90%

Goldman Sachs observed funds under management for GQG Partners reached US$155.6bn at the end of June 2024, up from US$120.6bn in December 2023.

The growth was driven by market contributions of US$23.9bn and net inflows of US$11.1bn with the broker highlighting strong investment performance, an increase in management fee margins, and solid net inflows, particularly in the wholesale and sub-advisory channels.

The earnings for FY25 are upgraded by 5% according to Goldman Sachs and the broker is awaiting any changes in the CIO and CEO's shareholding stakes at around 70.1% and 4.2%, respectively.

Buy rating unchanged with the target price lifted to $3 from $2.72.

FORECAST
Goldman Sachs forecasts a full year FY24 dividend of 19.83 cents and EPS of 21.35 cents.
Goldman Sachs forecasts a full year FY25 dividend of 22.88 cents and EPS of 25.93 cents.
Access Stockbroker Research History >

GQG STOCK CHART

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