CENTURIA CAPITAL GROUP (CNI)
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CNI - CENTURIA CAPITAL GROUP

FNArena Sector : Diversified Financials
Year End: June
GICS Industry Group : Diversified Financials
Debt/EBITDA: 2.58
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

$1.63

25 Jul
2024

-0.065

OPEN

$1.65

-3.83%

HIGH

$1.67

1,435,327

LOW

$1.63

TARGET
$1.748 7.2% 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 . PGL . SOL . SVW .
FNARENA'S MARKET CONSENSUS FORECASTS
CNI: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 13.3 11.9 xxx
DPS (cps) xxx 11.6 10.0 xxx
EPS Growth xxx N/A - 10.2% xxx
DPS Growth xxx N/A - 13.8% xxx
PE Ratio xxx N/A 13.8 xxx
Dividend Yield xxx N/A 6.1% xxx
Div Pay Ratio(%) xxx 87.3% 83.9% xxx

Dividend yield today if purchased 3 years ago: 3.96%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.05

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 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx13.3
DPS All xxxxxxxxxxxxxxx11.6
Sales/Revenue xxxxxxxxxxxxxxx360.1 M
Book Value Per Share xxxxxxxxxxxxxxx176.8
Net Operating Cash Flow xxxxxxxxxxxxxxx113.7 M
Net Profit Margin xxxxxxxxxxxxxxx29.41 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx7.55 %
Return on Invested Capital xxxxxxxxxxxxxxx5.48 %
Return on Assets xxxxxxxxxxxxxxx4.22 %
Return on Equity xxxxxxxxxxxxxxx7.55 %
Return on Total Capital xxxxxxxxxxxxxxx7.85 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx17.9 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx-
Long Term Debt xxxxxxxxxxxxxxx411 M
Total Debt xxxxxxxxxxxxxxx411 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx225 M
Price To Book Value xxxxxxxxxxxxxxx0.93

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx2.3 M
Capex % of Sales xxxxxxxxxxxxxxx0.64 %
Cost of Goods Sold xxxxxxxxxxxxxxx105 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx101 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx941 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

0.1

No. Of Recommendations

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

UBS

xx/xx/xxxx

5

xxxxxxxxx xx xxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

11/04/2024

3

Neutral

$1.70

4.29%

Centuria Capital now has an 80% stake in the Centuria Bass real estate credit business after snapping up a further 30% holding for -$57m. Payment will be split evenly between cash and scrip.

As a result of the transaction, Macquarie anticipates around 3% accretion to its operating EPS forecasts in the long-term, with upside risk from additional growth.

Since the original 50%-interest in Centuria Bass was acquired in April 2021, the broker highlights funds under management (FUM) 
have grown to $1.7bn from $0.3bn, or at a compound annual growth rate (CAGR) of circa 85%.

The target rises to $1.70 from $1.68. Neutral.

FORECAST
Macquarie forecasts a full year FY24 dividend of 10.00 cents and EPS of 11.90 cents.
Macquarie forecasts a full year FY25 dividend of 10.40 cents and EPS of 12.60 cents.

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

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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

Jarden

xx/xx/xxxx

4

xxxxxxxxxxx

$xx.xx

xx.xx%

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Moelis

15/04/2024

1

Buy

$1.94

19.02%

Centuria Capital has shelled out -$57m (half in cash and half in share scrip at $1.775/share) to acquire 30% of Bass Capital, bringing total ownership to 80%.

The transaction implies to the broker management's high conviction in growth prospects for Bass Capital, which has increased assets under management (AUM) to $1.7bn from $0.3bn since April 2021.

Management also reaffirmed FY24 guidance for OEPS of 11.5-12.0cps and DPS of 10.0cps.

The Buy rating is maintained and the target creeps up to $1.95 from $1.94.

FORECAST
Moelis forecasts a full year FY24 dividend of 10.00 cents and EPS of 12.10 cents.
Moelis forecasts a full year FY25 dividend of 10.50 cents and EPS of 12.90 cents.
Access Stockbroker Research History >

CNI STOCK CHART

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