CREDIT CORP GROUP LIMITED (CCP)
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CCP

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

$15.77

20 Feb
2025

-0.010

OPEN

$15.82

-0.06%

HIGH

$15.85

143,126

LOW

$15.50

TARGET
$18.385 16.6% upside
Franking for last dividend paid out: 100%
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BTN . CGR . COG . EML . EPY . FSA . HUM . JDO . LFS . MME . PLT . PPM . QAL . SIV . SMP . SVR . TYR . WZR . XYZ . ZIP .
FNARENA'S MARKET CONSENSUS FORECASTS
CCP: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 74.5 139.0 xxx
DPS (cps) xxx 38.0 69.0 xxx
EPS Growth xxx - 44.5% 86.6% xxx
DPS Growth xxx - 45.7% 81.6% xxx
PE Ratio xxx N/A 11.2 xxx
Dividend Yield xxx N/A 4.4% xxx
Div Pay Ratio(%) xxx 51.0% 49.6% xxx

Dividend yield today if purchased 3 years ago: 1.22%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.43

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 © 2025 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

0.5

No. Of Recommendations

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

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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

31/01/2025

3

Downgrade to Neutral from Outperform

$16.27

3.17%

Macquarie downgrades Credit Corp to Neutral from Outperform with a lower target price of $16.27 from $19.62 post 1H25 update.

The company generated net profit after tax below consensus and the analyst's forecasts by -4% and -5%, respectively. Macquarie points to the US as the key "disappoint" despite ongoing improvement in operational performance.

US collections rose 12% year-on-year with improved labour productivity of 29%, the broker explains.

Management reconfirmed FY25 net profit after tax guidance of $90m-$100m.

The broker lowers EPS estimates by -3.4% and -2.8% for FY25/FY26, respectively. The stock is downgraded due to collection rates and the absence of US debt buying, Macquarie stresses.

FORECAST
Macquarie forecasts a full year FY25 dividend of 68.00 cents and EPS of 137.00 cents.
Macquarie forecasts a full year FY26 dividend of 80.00 cents and EPS of 159.00 cents.
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

18/02/2025

1

Buy

$20.60

30.63%

What was a sharp reaction from the market following Credit Corp’s 1H25 result looks overblown to Canaccord Genuity.

The broker acknowledges a miss to profit expectations but, on balance, a million-dollar deviation here or there doesn’t alter the path forward, in Canaccord's view.

Timing nuances around debt ledger purchases in the US have created a back-end weighted profile for FY25, but if it is proven that purchase run-rates into FY26 are positioning higher and closer to $200m, then the medium-term growth profile should be intact, the broker suggests.

At this stage, given the existing market structure, Canaccord would consider $100m purchasing in FY25 to be a strong result. Buy retained, target falls to $20.60 from $20.70.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 69.00 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 – Feb 18, 2025

Feb 18 2025 - Daily Market Reports
2
FNArena Corporate Results Monitor – 05-02-2025

Feb 05 2025 - Australia
3
Rudi’s View: Earnings Optimism On The Rise

Feb 05 2025 - Rudi's View
4
Weekly Ratings, Targets, Forecast Changes – 31-01-25

Feb 03 2025 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Jan 29, 2025

Jan 29 2025 - Daily Market Reports

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