CREDIT CORP GROUP LIMITED (CCP)
Share Price Analysis and Chart

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CCP - CREDIT CORP GROUP LIMITED

FNArena Sector : Business & Consumer Credit
Year End: June
GICS Industry Group : Diversified Financials
Debt/EBITDA: 2.07
Index: ASX200 | ASX300 | ALL-ORDS

Credit Corp is an Australian company that purchases and collects debt ledgers in Australia, New Zealand and the US. It also provides online consumer finance. Founded in 1992, it listed in 2000.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$17.58

20 Nov
2024

-0.120

OPEN

$18.08

-0.68%

HIGH

$18.08

122,515

LOW

$17.58

TARGET
$19.825 12.8% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BTN . CGR . COG . EML . EPY . FSA . HUM . JDO . LFS . MME . PLT . PPM . QAL . SIV . SMP . SQ2 . SVR . TYR . WZR . ZIP .
FNARENA'S MARKET CONSENSUS FORECASTS
CCP: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 74.5 142.0 xxx
DPS (cps) xxx 38.0 71.5 xxx
EPS Growth xxx - 44.5% 90.6% xxx
DPS Growth xxx - 45.7% 88.2% xxx
PE Ratio xxx N/A 12.3 xxx
Dividend Yield xxx N/A 4.1% xxx
Div Pay Ratio(%) xxx 51.0% 50.4% xxx

Dividend yield today if purchased 3 years ago: 1.21%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.17

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: 16/09 - ex-div 23c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx74.5
DPS All xxxxxxxxxxxxxxx38.0
Sales/Revenue xxxxxxxxxxxxxxx519.6 M
Book Value Per Share xxxxxxxxxxxxxxx1,213.0
Net Operating Cash Flow xxxxxxxxxxxxxxx98.7 M
Net Profit Margin xxxxxxxxxxxxxxx9.76 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx6.17 %
Return on Invested Capital xxxxxxxxxxxxxxx4.25 %
Return on Assets xxxxxxxxxxxxxxx3.94 %
Return on Equity xxxxxxxxxxxxxxx6.17 %
Return on Total Capital xxxxxxxxxxxxxxx4.27 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx55.1 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 xxxxxxxxxxxxxxx5 M
Long Term Debt xxxxxxxxxxxxxxx407 M
Total Debt xxxxxxxxxxxxxxx412 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx28 M
Price To Book Value xxxxxxxxxxxxxxx1.23

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx1.5 M
Capex % of Sales xxxxxxxxxxxxxxx0.28 %
Cost of Goods Sold xxxxxxxxxxxxxxx84 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx246 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx170 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.
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Morgans

30/10/2024

1

Add

$20.65

17.46%

Credit Corp reported a "solid" 1Q25 update which Morgans highlights is on track to achieve management's FY25 guidance.

The US operations continue to experience better results with cash collections up 12% year-on-year, flat on 4Q24, and the debt ledger purchasing pipeline is flat from August at $106m. Australia cash collections fell -5% on a year earlier but rose 10% on 4Q24.

Australian buying pipeline rose to around $55m, the analyst notes.

Morgans makes very minor changes to EPS estimates. No change to Add rating.

Target price rises to $20.65 from $20.50.

FORECAST
Morgans forecasts a full year FY25 dividend of 72.00 cents and EPS of 142.00 cents.
Morgans forecasts a full year FY26 dividend of 79.00 cents and EPS of 159.00 cents.

Ord Minnett

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

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

Canaccord Genuity

04/11/2024

1

Buy

$20.70

17.75%

Canaccord Genuity observes Credit Corp's 1Q25 trading update reflecting 12% year-on-year growth in US collections, driven by strong productivity and a streamlined headcount.

Australian debt-buying collections have stabilised, the analyst notes, while Australian lending shows steady demand with a decline of -6% in new customer volumes compared to the prior year.

Management's FY25 net profit after tax guidance remains at $90-100m, with an anticipated 17% growth mid-point.

Canaccord Genuity remains Buy rated with $20.70 target.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 70.00 cents and EPS of 138.00 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 77.00 cents and EPS of 152.00 cents.
Access Extra Coverage Research History >

CCP STOCK CHART

FNArena News on CCP

1
Australian Broker Call *Extra* Edition – Nov 04, 2024

Nov 04 2024 - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 09-08-24

Aug 12 2024 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Aug 06, 2024

Aug 06 2024 - Daily Market Reports
4
Weekly Ratings, Targets, Forecast Changes – 02-08-24

Aug 05 2024 - Weekly Reports
5
FNArena Corporate Results Monitor – 02-08-2024

Aug 02 2024 - Australia

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