CENTURIA CAPITAL GROUP (CNI)
Share Price Analysis and Chart

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CNI - CENTURIA CAPITAL GROUP

FNArena Sector : Diversified Financials
Year End: June
GICS Industry Group : Diversified Financials
Debt/EBITDA: 8.52
Index: ASX200 | ASX300 | ALL-ORDS

Centuria Capital is an Australian investment manager specialising in real estate and investment bonds. Formed in 1999, the company listed on the ASX in 2002.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.88

20 Nov
2024

-0.005

OPEN

$1.91

-0.27%

HIGH

$1.91

1,985,589

LOW

$1.87

TARGET
$1.972 4.9% upside
Franking for last dividend paid out: 9%
OTHER COMPANIES IN THE SAME SECTOR
B4P . BFG . CCR . CPU . CVC . EP1 . EQT . EZL . FID . HMY . LFG . OBL . OFX . SGH . SOL .
FNARENA'S MARKET CONSENSUS FORECASTS
CNI: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 12.6 12.1 xxx
DPS (cps) xxx 10.0 10.3 xxx
EPS Growth xxx - 4.9% - 4.6% xxx
DPS Growth xxx - 13.8% 3.0% xxx
PE Ratio xxx N/A 15.6 xxx
Dividend Yield xxx N/A 5.5% xxx
Div Pay Ratio(%) xxx 79.2% 85.5% xxx

Dividend yield today if purchased 3 years ago: 3.03%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.33

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: 29/06 - ex-div 5.8c (franking 9%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx12.6
DPS All xxxxxxxxxxxxxxx10.0
Sales/Revenue xxxxxxxxxxxxxxx311.4 M
Book Value Per Share xxxxxxxxxxxxxxx179.2
Net Operating Cash Flow xxxxxxxxxxxxxxx156.3 M
Net Profit Margin xxxxxxxxxxxxxxx32.80 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx7.07 %
Return on Invested Capital xxxxxxxxxxxxxxx4.47 %
Return on Assets xxxxxxxxxxxxxxx3.56 %
Return on Equity xxxxxxxxxxxxxxx7.07 %
Return on Total Capital xxxxxxxxxxxxxxx6.22 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx69.9 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 xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx1,270 M
Total Debt xxxxxxxxxxxxxxx1,270 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx207 M
Price To Book Value xxxxxxxxxxxxxxx0.92

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx0.2 M
Capex % of Sales xxxxxxxxxxxxxxx0.08 %
Cost of Goods Sold xxxxxxxxxxxxxxx54 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx115 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx993 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

0.2

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Bell Potter

23/08/2024

3

Hold

$1.80

-4.26%

FY24 results from Centuria Capital were largely in line with Bell Potter's estimates. The credit business has grown to $1.9bn of total funds under management while FY25 guidance centres on EPS of $0.12 and DPS of $0.104, underpinned by growth for CNI Bass.

Bell Potter envisages a challenging road ahead, with the office sub-sector and syndication appetite subdued.

Rate cuts in NZ and potentially on the horizon for Australia should benefit the business given its operating leverage, yet the focus on the balance sheet and sub-sector exposure is likely to be an issue for investors, the broker adds.

Hold rating. Target is raised to $1.80 from $1.70.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 10.40 cents and EPS of 12.00 cents.
Bell Potter forecasts a full year FY26 dividend of 11.00 cents and EPS of 13.30 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

5

xxxx

$xx.xx

(xx/xx/xxxx)

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

Jarden

28/08/2024

4

Underweight

$1.80

-4.26%

Jarden notes, despite challenging conditions, Centuria Capital preserved funds under management through diversifying into alternatives. The broker was impressed with the growth in credit.

The main concern is about office exposures and the capital structure, the high level of intangibles and high gearing.

The stock appears "good value" and is expected to benefit from an upswing in transaction activity as interest rates moderate, although Jarden finds more appealing options elsewhere in the sector. Underweight. Target is $1.80.

FORECAST
Jarden forecasts a full year FY25 dividend of 10.20 cents and EPS of 12.20 cents.
Jarden forecasts a full year FY26 EPS of 13.50 cents.
Access Extra Coverage Research History >

CNI STOCK CHART

FNArena News on CNI

1
September In Review: Banks versus Miners

Oct 03 2024 - Australia
2
Australian Broker Call *Extra* Edition – Aug 28, 2024

Aug 28 2024 - Daily Market Reports
3
Weekly Ratings, Targets, Forecast Changes – 23-08-24

Aug 26 2024 - Weekly Reports
4
FNArena Corporate Results Monitor – 23-08-2024

Aug 23 2024 - Australia
5
Next Week At A Glance – 12-16 Aug 2024

Aug 09 2024 - Weekly Reports

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