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

$1.61

11 Apr
2024

-0.020

OPEN

$1.61

-1.23%

HIGH

$1.64

378,608

LOW

$1.59

TARGET
$1.485 -7.8% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ABA . ANZ . BEN . BOQ . CBA . HLI . MYS . NAB . RMC . SUN . VUK . WBC .
FNARENA'S MARKET CONSENSUS FORECASTS
AFG: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 11.3 xxx
DPS (cps) xxx N/A 8.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 14.3 xxx
Dividend Yield xxx N/A 4.9% xxx
Div Pay Ratio(%) xxx N/A 70.8% xxx

Dividend yield today if purchased 3 years ago: 3.89%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

6.60

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

-0.5

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

09/04/2024

5

Downgrade to Sell from Neutral

$1.50

-6.83%

Citi is Neutral on Australian Non-Bank Lenders given earnings have troughed and a fall in interest rates is inevitable, even though the timing is uncertain.

The broker notes stock specific opportunities have arisen following an around 20% share price rally across the sector in the last six months, due to the sector's strong correlation with interest rate expectations.

The analysts expect a pause in the re-rating of multiples for the sector as interest rate cut expectations held by the market have been deferred, but note credit growth continues to be resilient.

The broker's rating for Australian Finance Group is downgraded to Sell from Neutral after a share price rally. It's felt a capex-intensive approach at a difficult point in the cycle could result in inadequate returns on the group's reinvestment program.

The $1.50 target is maintained.

FORECAST
Citi forecasts a full year FY24 EPS of 11.00 cents.
Citi forecasts a full year FY25 EPS of 14.00 cents.

AFG STOCK CHART