PEPPER MONEY LIMITED (PPM)
Share Price Analysis and Chart

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PPM - PEPPER MONEY LIMITED

FNArena Sector : Business & Consumer Credit
Year End: December
GICS Industry Group : Banks
Debt/EBITDA: 22.74
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

$1.45

23 Feb
2024

-0.020

OPEN

$1.47

-1.36%

HIGH

$1.49

65,115

LOW

$1.45

TARGET
$1.375 -5.2% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BTN . CCP . CGR . COG . CRD . EML . EPY . FSA . HUM . JDO . LFS . MME . PGL . PLT . QAL . SIV . SMP . SQ2 . SVR . TYR . WZR . ZIP .
FNARENA'S MARKET CONSENSUS FORECASTS
PPM: 1
Title FY21
Actual
FY22
Actual
FY23
Forecast
FY24
Forecast
EPS (cps) xxx 32.1 22.0 xxx
DPS (cps) xxx 10.5 7.0 xxx
EPS Growth xxx - 4.6% - 31.4% xxx
DPS Growth xxx 16.7% - 33.3% xxx
PE Ratio xxx N/A 6.6 xxx
Dividend Yield xxx N/A 4.8% xxx
Div Pay Ratio(%) xxx 32.7% 31.8% xxx

Dividend yield today if purchased 3 years ago: 2.19%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

7.24

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 3.5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 20182019202020212022
EPS Basic xxxxxxxxxxxx32.1
DPS All xxxxxxxxxxxx10.5
Sales/Revenue xxxxxxxxxxxx1,063.7 M
Book Value Per Share xxxxxxxxxxxx182.4
Net Operating Cash Flow xxxxxxxxxxxx-2,297.9 M
Net Profit Margin xxxxxxxxxxxx13.26 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 20182019202020212022
Return on Capital Employed xxxxxxxxxxxx19.61 %
Return on Invested Capital xxxxxxxxxxxx0.76 %
Return on Assets xxxxxxxxxxxx0.76 %
Return on Equity xxxxxxxxxxxx19.61 %
Return on Total Capital xxxxxxxxxxxx4.23 %
Free Cash Flow ex dividends xxxxxxxxxxxx-2,371.4 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 20182019202020212022
Short-Term Debt xxxxxxxxxxxx-
Long Term Debt xxxxxxxxxxxx18,996 M
Total Debt xxxxxxxxxxxx18,996 M
Goodwill - Gross xxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxx1,244 M
Price To Book Value xxxxxxxxxxxx0.78

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 20182019202020212022
Capex xxxxxxxxxxxx10.2 M
Capex % of Sales xxxxxxxxxxxx0.96 %
Cost of Goods Sold xxxxxxxxxxxx76 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxx173 M
Research & Development xxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxx18,481 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

0.0

No. Of Recommendations

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

Citi

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Macquarie

24/08/2023

3

Neutral

$1.35

-6.90%

Pepper Money's first half results were below estimates. Macquarie observes, despite asset repricing resulting in strong margins as of December 2022, rising fund costs eroded margins subsequently.

The broker was also disappointed with the weaker origination volumes and significant prepayment in the mortgage segment and continues to believe the operating environment is challenged while higher rates persist. Rising rates and deposit tailwinds have allowed banks to compete intensely in the mortgage segment.

Neutral maintained. Target is reduced to $1.35 from $1.60.

FORECAST
Macquarie forecasts a full year FY23 dividend of 7.00 cents and EPS of 22.00 cents.
Macquarie forecasts a full year FY24 dividend of 8.00 cents and EPS of 20.40 cents.

PPM STOCK CHART