PEPPER MONEY LIMITED (PPM)
Share Price Analysis and Chart

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PPM

PPM - PEPPER MONEY LIMITED

FNArena Sector : Business & Consumer Credit
Year End: December
GICS Industry Group : Banks
Debt/EBITDA: 12.13
Index: ALL-ORDS

Pepper Money Limited is a consumer finance company specialising in consumer lending and residential mortgages. It is part of the Pepper Financial Services Group and listed on the ASX in May 2021.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.395

01 Apr
2025

-0.015

OPEN

$1.43

-1.06%

HIGH

$1.44

304,822

LOW

$1.38

TARGET
$1.60 14.7% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BTN . CCP . CGR . COG . EML . EPY . FSA . HUM . JDO . LFS . MME . PLT . QAL . SIV . SMP . SVR . TYR . WZR . XYZ . ZIP .
FNARENA'S MARKET CONSENSUS FORECASTS
PPM: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 22.4 21.6 xxx
DPS (cps) xxx 12.1 12.2 xxx
EPS Growth xxx - 11.0% - 3.9% xxx
DPS Growth xxx 42.4% 0.4% xxx
PE Ratio xxx N/A 6.5 xxx
Dividend Yield xxx N/A 8.6% xxx
Div Pay Ratio(%) xxx 54.0% 56.4% xxx

Dividend yield today if purchased 3 years ago: 5.85%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 8.61

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: 11/09 - ex-div 5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx22.4
DPS All xxxxxxxxxxxxxxx12.1
Sales/Revenue xxxxxxxxxxxxxxx1,580.1 M
Book Value Per Share xxxxxxxxxxxxxxx194.5
Net Operating Cash Flow xxxxxxxxxxxxxxx2,598.9 M
Net Profit Margin xxxxxxxxxxxxxxx6.25 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx11.75 %
Return on Invested Capital xxxxxxxxxxxxxxx0.53 %
Return on Assets xxxxxxxxxxxxxxx0.52 %
Return on Equity xxxxxxxxxxxxxxx11.75 %
Return on Total Capital xxxxxxxxxxxxxxx6.78 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx2,554.8 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 xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx16,496 M
Total Debt xxxxxxxxxxxxxxx16,496 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,226 M
Price To Book Value xxxxxxxxxxxxxxx0.72

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx7.4 M
Capex % of Sales xxxxxxxxxxxxxxx0.47 %
Cost of Goods Sold xxxxxxxxxxxxxxx49 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx191 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx16,028 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

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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

Citi

28/02/2025

1

Buy

$1.55

11.11%

Pepper Money reported FY24 NPAT of $98.2m, 6-7% above expectations, driven by $2.5bn in whole loan sales, Citi notes.

The broker highlights NIM expansion, improved mortgage and asset finance origination, plus an -8% workforce reduction.

Earnings remain volatile due to reliance on semi-annual loan sales, while lower funding costs support margins.

The analyst lowers earnings forecasts by 2-3%, with gains on sales offset by weaker NII.

Citi maintains a Buy rating with a target price of $1.55.

FORECAST
Citi forecasts a full year FY25 dividend of 12.30 cents and EPS of 21.90 cents.
Citi forecasts a full year FY26 dividend of 13.60 cents and EPS of 24.90 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

Goldman Sachs

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

Jarden

06/03/2025

2

Overweight

$1.65

18.28%

Jarden notes Pepper Money's 1H25 profit beat its forecast, partly due to lower bad debt losses. The result also showed improving credit quality and small net interest margin expansion.

The broker lifted the FY25 EPS forecast by 5% on lower loan losses but lowered FY26 by -4% on reduced revenue from loan sales undertaken in 1H25.

Target price lifts to $1.65 from $1.60. Overweight maintained.

FORECAST
Jarden forecasts a full year FY25 dividend of 12.00 cents and EPS of 21.80 cents.
Jarden forecasts a full year FY26 dividend of 12.00 cents and EPS of 25.20 cents.
Access Extra Coverage Research History >

PPM STOCK CHART

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Feb 27 2025 - Australia
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Feb 10 2025 - Weekly Reports

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