GENERATION DEVELOPMENT GROUP LIMITED (GDG)
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GDG

GDG - GENERATION DEVELOPMENT GROUP LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Insurance
Debt/EBITDA: 0.01
Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$6.19

11 Aug
2025

-0.190

OPEN

$6.33

-2.98%

HIGH

$6.41

1,326,862

LOW

$6.18

TARGET
$6.25 1.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . BVS . CGF . CVW . DJW . ENN . GQG . HMC . HUB . IFL . IFT . IRE . KAM . KSL . MAF . MFG . MQG . NGI . NWL . PAC . PNI . PPS . PPT . PTM . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
GDG: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 3.0 8.3 xxx
DPS (cps) xxx 1.9 2.0 xxx
EPS Growth xxx 29.7% 100.0% xxx
DPS Growth xxx 1.4% 2.7% xxx
PE Ratio xxx N/A 75.0 xxx
Dividend Yield xxx N/A 0.3% xxx
Div Pay Ratio(%) xxx 65.6% 24.2% xxx

Dividend yield today if purchased 3 years ago: 1.39%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.31

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: 11/03 - ex-div 1c (franking 50%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx3.0
DPS All xxxxxxxxxxxxxxx1.9
Sales/Revenue xxxxxxxxxxxxxxx109.2 M
Book Value Per Share xxxxxxxxxxxxxxx77.1
Net Operating Cash Flow xxxxxxxxxxxxxxx20.0 M
Net Profit Margin xxxxxxxxxxxxxxx5.35 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx4.32 %
Return on Invested Capital xxxxxxxxxxxxxxx4.23 %
Return on Assets xxxxxxxxxxxxxxx0.18 %
Return on Equity xxxxxxxxxxxxxxx4.32 %
Return on Total Capital xxxxxxxxxxxxxxx201.93 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx16.4 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx3 M
Total Debt xxxxxxxxxxxxxxx3 M
Goodwill - Gross xxxxxxxxxxxxxxx1 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx3,539 M
Price To Book Value xxxxxxxxxxxxxxx3.33

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx0.1 M
Capex % of Sales xxxxxxxxxxxxxxx0.14 %
Cost of Goods Sold xxxxxxxxxxxxxxx18 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx-190 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

0.8

No. Of Recommendations

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

Morgan Stanley

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

24/07/2025

2

Accumulate

$6.25

0.97%

Morgans assesses Generation Development's 4Q25 update as mixed, with investment bond sales at a record level but Evidentia AUM missing both guidance and consensus.

Investment bond sales rose 60% y/y or $316m, beating the consensus of $247m and well above previous quarterly record of $250m seen in 2Q25. Evidentia 4Q25 FUM of $14.8bn missed guidance of $18.5bn and consensus of $17.5bn.

Lonsec FUM of $14.8bn beat consensus of $14.0bn. The broker cut FY25 EPS forecast by -0.5% and FY26 by -6% as lower Evidentia earnings are expected to offset forecasts for better performance from investment bonds.

Accumulate. Target rises to $6.25 from $6.00 on valuation roll-forward and a better outlook for investment bonds.

FORECAST
Morgans forecasts a full year FY25 dividend of 2.00 cents and EPS of 8.50 cents.
Morgans forecasts a full year FY26 dividend of 2.60 cents and EPS of 10.80 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

Petra Capital

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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

Moelis

29/07/2025

1

Buy

$6.26

1.13%

Generation Development's FUM at the end of the June quarter of $4.4bn beat Moelis' forecast of $4.1bn. The net flow of $255m for the quarter was higher than the broker's $164m estimate.

The broker notes the quarter was a record-breaking one for sales inflow, and annual investment bond sales surpassed $1bn for the first time.

Buy. Target price $6.26.

FORECAST
Moelis forecasts a full year FY25 dividend of 2.00 cents and EPS of 8.30 cents.
Moelis forecasts a full year FY26 dividend of 4.70 cents and EPS of 11.50 cents.
Access Extra Coverage Research History >

GDG STOCK CHART

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